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
Category: ART
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
*After trillions in losses, Asia’s stock rout looks far from over | Business Standard News
Clipped from: https://www.business-standard.com/article/international/after-trillions-in-losses-asia-s-stock-rout-looks-far-from-over-122051001777_1.html MSCI Asia Pacific Index has dropped 19% from Jan peak The MSCI logo | Photo: Reuters All signs point to more losses ahead