Clipped from: https://www.thehindubusinessline.com/economy/agri-business/why-indonesia-will-be-forced-to-revoke-ban-on-palm-oil-exports/article65406893.ece Its domestic industry faces chaos with storages overflowing, farmers stopping production Indonesia will likely be forced to lift its ban on palm oil
Category: ART
*****Credit cards usage, issuances increase despite rise of UPI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/credit-cards-usage-issuances-increase-despite-rise-of-upi/article65410466.ece However, UPI P2M transactions have significantly eaten into share of card and other payment modes The Unified Payments Interface is the clear leader
RBI opens banks credit for NBFCs to on-lend continuously to priority sector | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-opens-banks-credit-for-nbfcs-to-on-lend-continuously-to-priority-sector-122051301279_1.html Bank credit to NBFCs, including HFCs, will be allowed up to an overall limit of 5% of an individual banks total priority sector
Sharp drop in procurement: Centre weighs 10% tax to rein in wheat exports | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/sharp-drop-in-procurement-centre-weighs-10-tax-to-rein-in-wheat-exports-122051400056_1.html Exporters’ mandatory registration on cards; PMO to decide on export ban Wheat flour prices in local markets have flared up in the past
*****Taper episode begins, will the Fed relent? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/taper-episode-begins-will-the-fed-relent/article65405070.ece Federal Reserve Chair Jerome Powell | Photo Credit: POOL Unlikely. Joe Biden is agnostic to markets and the large debt pile makes tightening
Why homebuyers are likely to pay less GST on buying under-construction properties – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/why-homebuyers-are-likely-to-pay-less-gst-on-buying-under-construction-properties/articleshow/91514032.cms Synopsis The Gujarat High Court has stated that how developers/builders will calculate GST on undercontruction property. The recent judgement will benefit home buyers
*****RBI likely to up inflation projection in June, mull more rate hikes: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-likely-to-up-inflation-projection-in-june-mull-more-rate-hikes-report-122051101354_1.html The central bank raised the repo rate by 40 basis points to 4.40% following a emergency meeting earlier this month. Photo: Bloomberg India’s
*Asian, EMs entering the late stages of a bear market: Morgan Stanley | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/asian-ems-entering-the-late-stages-of-a-bear-market-morgan-stanley-122051101086_1.html Over the next 12 months, Morgan Stanley forecasts range-bound markets for equities, credit, yields, and the US dollar Photo: Shutterstock Asian and emerging markets are
*****Exporters of services, job-sensitive sectors may benefit from rupee slide | The Financial Express
Clipped from: https://www.financialexpress.com/economy/exporters-of-services-job-sensitive-sectors-may-benefit-from-rupee-slide/2518260/ The depreciation will also partially soften the blow of elevated shipping costs and supply chain disruptions in the wake of the Russia-Ukraine crisis.
750 WhiteHat Jr employees quit over back-to-office, salary woes | The Financial Express
Clipped from: https://www.financialexpress.com/industry/750-whitehat-jr-employees-quit-over-back-to-office-salary-woes/2521161/ “Yes, people were asked to relocate and some chose to resign – that is a different story but 800 is a highly inflated
*****RBI unlikely to turn ultra-defensive on rupee: Central bank to revise inflation forecast in June | The Financial Express
No plan to buy govt debt to curb yield The central bank will revise its inflation forecast upwards in its June review, as price pressure
*****In a first, Turkey places orders for 50,000 t wheat from India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/agriculture/in-a-first-turkey-places-orders-for-50000-t-wheat-from-india/articleshow/91477042.cms Synopsis Wheat prices shot up as Indian wheat is in demand in the global markets after exports from Ukraine came to a grinding
*****RBI takes futures, NDF route to protect Rupee, forex – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/rbi-takes-futures-ndf-route-to-protect-rupee-forex/articleshow/91479504.cms Synopsis The central bank is said to have sold dollars in the futures market and the offshore non-deliverable forwards (NDF) markets to prevent
*****Is there a wheat crisis? Centre has reasons to be cautious, but there’s no need for panic or abrupt measures at this stage | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/is-there-a-wheat-crisis-centre-has-reasons-to-be-cautious-but-theres-no-need-for-panic-or-abrupt-measures-at-this-stage/2518062/ There is intense private activity in the markets, and wheat is reportedly being bought at prices ‘slightly above MSP’. Government procurement, understandably, is
*Demystifying life insurance jargons | The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/your-money-demystifying-life-insurance-jargons/2519407/ The policyholders must read the entire policy document very carefully and in case of any doubts, call up the insurance agent or even
Employees playing politics – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/employees-playing-politics/article65378381.ece Employees of social media firms have been vocal about political issues | Photo Credit: scyther5 Being politically vocal can muddy work culture Elon
*‘Cut down notice period in IT/ITES sector to global standards’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/cut-down-notice-period-in-itites-sector-to-global-standards/article65400715.ece Thomas Brenneke, Founder & CEO, Network Redux, Thomas Brenneke of Network Redux says with unmatched Indian talent, there should be a fair system
*****Sharp fall in tech stocks feels like the dot-com boom: Zerodha’s Nithin Kamath – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/info-tech/sharp-fall-in-tech-stocks-feels-like-the-dot-com-boom-zerodhas-nithin-kamath/article65401078.ece Nithin Kamath, Founder and CEO of Zerodha Shares concerns on how expectations have changed with companies focusing on generating enough cash flows to
*****Frontrunning probe: What should Axis MF investors do now – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/mutual-funds/frontrunning-probe-what-should-axis-mf-investors-do-now/article65400903.ece Action taken by AMC against two fund managers, including chief dealer, handling certain equity schemes Just when things were going good for Axis
Equity MF inflows dip 44% as investors turn cautious – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/equity-mf-inflow-dips-44-per-cent-as-investors-turn-cautious/article65401090.ece Rising interest rate amid high inflation to hit corporate earnings; SIP contributions down 4% Inflows into equity funds dipped 44 per cent to