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According to the RBI, a 5 percent depreciation of the rupee from its baseline assumption could edge up inflation by around 20 bps.
The 20 percent equity exposure of EPFO will mean at least Rs 36,000 crore of PF money going to the equity market per annum, which will cheer the stock market.
Kerala, in the GST Council meetings, has taken a consistent stand that the earlier higher tax on luxury items should be brought back and there should not be any taxes which affect the common man. However, no decision has been taken regarding that, he said.
Brent crude futures for September settlement rose 69 cents, or 0.7%, to $101.85 a barrel by 0421 GMT, after a 2.1% gain on Friday.
The article, authored by a team led by Deputy Governor M D Patra, however, took comfort from the fact that recent moderation in commodity prices and easing of supply chain pressures would help the nation in escaping the global inflation trap.
Shrinkflation - whether you've heard about this or not, this is a phenomenon that's leaving you with fewer chips in your packet, lesser cola drinks in your bottle, and smaller chocolate bars. Some of you may be wondering how, surprisingly, despite rising costs (inflation) across the globe, the price of some daily consumables remains the same. What you may not have noticed is that while the price is the same, the size of several of these commodities has in fact declined. This means that you're paying the same, but you're getting a lesser quantity. This is shrinkflation, a method used mainly by FMCG companies to fight inflation - while ensuring that you, the consumer, continue to buy their product. To know all about shrinkflation and how to guard against it, take a look at this comprehensive video!
The rupee hit a new record low of 79.90 against the US currency on July 14
The primary and immediate impact of a depreciating rupee is on the importers who will have to shell out more for the same quantity and price. However, it is a boon for the exporters as they receive more rupees in exchange for dollars.
Most oil-importing emerging countries need to worry about their ability to fund imports constantly
The first-ever meeting of I2U2 leaders focused on the food security crisis and clean energy. India, Israel, the US, and the UAE have committed to advance low-carbon industries and promote green tech.
The INSTC is India's grand plan to cut short the time taken for trade shipments to reach Russia and Europe, and enter the central Asian markets, and vice versa.
The massive rise comes as a result of refined petroleum imports almost doubling to $21 billion in June, while coal imports shot up by 260 percent.
India has also taken up with Australia the delay in processing visas for students heading to Australia for higher studies
The minister, answering queries in the House regarding the huge losses being suffered by Kerala State Road Transport Corporation (KSRTC), said the over Rs 3,500 crore loans of the transportation body cannot be repaid in one go and the government was helping it to recover from the same.
Bery was addressing a special India side session at the UN High-level Political Forum on Sustainable Development on Indian model of SDG Localization, Towards full implementation of the 2030 Agenda. His remarks comes as countries around the world work towards achieving the ambitious UN’s targets.
Special Officer, MCD, Ashwini Kumar launched the new initiative called ’Plastic Pick-up Chat Bot’ at the Civic Centre here on Wednesday.
The first virtual summit between the leaders of India, Israel, the US and the UAE would also touch upon the global food crisis and the Ukraine war, officials said.
In a surprise move, the government on July 1 slapped export duties on petrol and ATF (Rs 6 per litre or USD 12 per barrel) and diesel (Rs 13 a lire or USD 26 a barrel) and imposed a windfall tax on domestic crude production (Rs 23,250 per tonne or USD 40 per bbl).
India Ratings & Research Chief Economist DK Pant said adjustment of off-budget borrowing of FY21 and FY22 would have resulted in severe resource crunch for few states. Decision of deferring adjustment of off-balance sheet borrowing of the state where debt servicing is being done through state budget is a good decision.
The rupee has been hitting new lows by the day and is inching towards the 80 mark against the dollar. This may have thrown your foreign travel plans out of gear – as your budgets will shrink for travel to countries like the US, Europe, Australia and Southeast Asia. However, there ARE some countries where you could actually feel like royalty because the value of the Indian rupee is higher compared to their local currency! Watch this video before making your next travel plan!
India’s manufacturing exports had grown by 40 percent to hit an unprecedented $418 billion in FY21-22.
The volume III of the ’Standard Treatment Workflows’ seeks to address problems associated with irrational use of medicines, over and under diagnosis and poor referral practices, among others.
While the industry sees the move as the first step towards full convertibility of the Indian rupee, insiders say it will be difficult to push trade if export benefits aimed at attracting foreign exchange are not forthcoming
The growth outlook for the US has been downgraded from ‘stable growth’ to ‘growth losing momentum’ amid high inflation, low consumer confidence and declining share prices.
”Several players are working in silos. Being in the government, we can play the role of a conductor in a symphony orchestra. Can we bring about the synergy and work together,” Ahuja said addressing an event organised by the industry chamber Ficci here.
