Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-meets-bank-executives-to-get-market-pulse/articleshow/92835435.cms Synopsis This comes amid a falling rupee, which has triggered a slew of regulatory actions aimed at bringing back overseas inflows and cutting
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Public spending to make private less ltd – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/public-spending-to-make-private-less-ltd/articleshow/92835932.cms Synopsis The ratio of gross fixed capital formation (GFCF)-to-GDP in current prices stood at 28.6% in 2021-22 against 26.6% in 2022-23. The government’s
*****From Russia (for crude), with rupees – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/from-russia-for-crude-with-rupees/articleshow/92836038.cms Synopsis Ensuring Russian oil supply is critical for the rupee-dollar exchange rate that determines the bill for Indian energy imports from traditional suppliers.
*It Stocks today: IT stocks slide after TCS Q1 miss; some feel any further fall could trigger buying – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/it-stocks-slide-after-tcs-q1-miss-some-feel-any-further-fall-could-trigger-buying/articleshow/92814660.cms Synopsis The weaker-than-expected TCS earnings added to existing concerns over a potential US recession that is feared to hurt deal pipeline for IT
The scam faultline is damaging Indian banking – The Hindu
Clipped from: https://www.thehindu.com/opinion/op-ed/the-scam-faultline-is-damaging-indian-banking/article65628245.ece More steps to prevent frauds are needed which include tightening the internal and external audit systems of banks ‘While the Government of India
*Neighbours, Russia can help convert 16.38% of India’s trade into rupees | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/neighbours-russia-can-help-convert-16-38-of-india-s-trade-into-rupees-122071200484_1.html The rupee’s use in trade settlement would help the RBI in conserving foreign exchange. India’s forex reserves have fallen by more than Rs
*Rupee settlement to help India trade with Russia, Iran and others: Experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rupee-settlement-to-help-india-trade-with-russia-iran-and-others-experts-122071200415_1.html On Monday, the Reserve Bank of India said it had put in place a mechanism for international trade settlements in Indian rupees (INR)
*Green Card: Waiting time for employer-sponsored green cards rises – The Economic Times
<div pseudo=”-webkit-input-placeholder” id=”placeholder” style=”color: rgb(96, 94, 92); display: block !important;”><br class=”Apple-interchange-newline”>Add a note…</div><div></div> Clipped from: https://economictimes.indiatimes.com/nri/migrate/wait-time-for-employer-sponsored-green-cards-rises/articleshow/92795999.cms Synopsis Employers can opt to pay $2,500 fee, compared to
*A first half worth forgetting | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/a-first-half-worth-forgetting-122071200019_1.html Contrasting narratives are plausible and in play after a truly terrible six months for the markets The year so far has proved to
*****At 1.79 million, demat accounts opened in June fewest since Feb 2021 | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/at-1-79-million-new-demat-accounts-opened-in-june-lowest-since-feb-2021-122071101465_1.html The total demat count now stands at 96.5 million, with 16 million new accounts getting added during the first half of 2022 –
*Hotels, restaurants workers demand pay hike after service charge ban | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/hotels-restaurants-workers-demand-pay-hike-after-service-charge-ban-122071101308_1.html Industry experts say that while restaurants will increase the food prices there is no certainty on it going to staff as it will
*****Saving Sri Lanka | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/saving-sri-lanka-122071200013_1.html India will have to take the lead The scenes beamed around the world from Sri Lanka, in which a vast sea of protestors
*Vivo ED Case: Vivo asks ED to unfreeze bank accounts, says action ‘jeopardising existence,’ disrupting ops – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/vivo-asks-ed-to-unfreeze-accounts-says-action-jeopardising-existence/articleshow/92814251.cms Synopsis Yes Bank, Bank of Baroda, HSBC, ICICI Bank, Citibank, IDBI Bank, HDFC Bank, Standard Chartered Bank and DBS Bank operate Vivo India’s
*****India External Debt: Centre allays concerns over $620.7 bn external debt, says its share only 21% – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/centre-allays-concerns-over-620-7-b-external-debt-says-its-share-only-21/articleshow/92811944.cms Synopsis The government on Monday dismissed apprehensions about India’s external debt, saying out of India’s total external liability of $620.7 billion, the Centre’s
*Retail inflation likely held steady just above 7% in June: Report | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/economy/india-inflation-likely-held-steady-just-above-7-in-june-poll-8022756/ The July 4-8 Reuters poll of 42 economists showed inflation as measured by the consumer price index (CPI) was steady at an annual
*RBI allows settlement in rupee to settle trade with Russia, Sri Lanka | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-allows-settlement-in-rupee-to-settle-trade-with-russia-sri-lanka-122071101185_1.html Exchange rate of two trading partners may be market determined, says central bank Photo: Bloomberg The Reserve Bank of India (RBI) has allowed trade settlement between India
*Start-up slowdown | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/start-up-slowdown-122071000495_1.html *Raising funds is becoming difficult Around last year this time, unicorns (essentially tech-focused start-ups with a valuation of $1 billion or more) were popping up
*12 million child marriages rival the population of J&K, shows data | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/12-million-child-marriages-rival-the-population-of-j-k-shows-data-122071000505_1.html As many of 7.84 million (65 per cent) married children were female, reinforcing the fact that girls are significantly more disadvantaged Photo: Shutterstock
*******Govts should mobilise more domestic resources via tax reforms: Albert Park | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govts-should-mobilise-more-domestic-resources-via-tax-reforms-adb-official-122071000419_1.html In an Q&A, ADB Chief Economist Albert Park tells that countries in region may not be able to carry on with large expenditures
Despite structural inequality, small acts of kindness have value | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/despite-structural-inequality-small-acts-of-kindness-have-value-8021318/ Our society is unequal and no amount of do-gooding will bring about any significant structural change. But that does not mean that one