Wholesale inflation in the country rose marginally to 0.53 per cent in March compared to 0.20 per cent in the preceding month due to increase in prices of vegetables, potato, onion and crude oil. The Wholesale Price Index (WPI)-based inflation was in the negative zone from April to October and had turned positive in November at 0.26 per cent. The inflation in March 2023 was 1.41 per cent.
Posts tagged Rediff
Modi promises 30 mn ‘Lakhpati Didis’, higher MSP (15-04-2024)
The Bharatiya Janata Party (BJP) on Sunday pledged to make 30 million ‘Lakhpati Didis’, up from the 10 million rural women who have already achieved the feat. Prime Minister Narendra Modi on Sunday released the BJP’s manifesto for the upcoming Lok Sabha elections. The manifesto says the ruling party will continue the quarterly financial disbursements under the Pradhan Mantri Kisan Samman Nidhi (PM KISAN) yojana.
Wooing Tesla: 4 States Pull Out All Stops (15-04-2024)
‘Gujarat is the frontrunner at present.'<br>’However, Tamil Nadu’s robust automobile ecosystem and Telangana’s aggressive incentives make them strong contenders.’
TCS headcount declines for first time in 19 years (15-04-2024)
For the first time in 19 years, Tata Consultancy Services reported a fall in the net headcount for a financial year, witnessing its total employee base shrinking to 601,546 at the end of FY24. On a year-on-year basis, the company’s headcount fell by over 13,249 for the financial year. On a sequential basis, the headcount was down by 1,759.
e-Shram may open door to govt benefits for workers (15-04-2024)
The Bharatiya Janata Party (BJP) led central government will use the unorganised workers database – e-Shram portal – to provide the benefits of various government programmes to the nearly 300 million workers over the next five years, if it is voted to power for the third consecutive term in the upcoming general elections. “We have registered unorganised workers on the e-Shram platform. “We will reach out to the e-Shram registered ‘shramik bandhu’ and help them avail the benefits of various government programmes that they are eligible for,” the manifesto of the party read.
FPIs jettison FMCG, auto shares in March voyage (15-04-2024)
Foreign portfolio investors (FPIs) were sellers of fast-moving consumer goods (FMCG), automotive (auto), and financial stocks during the second half of March. FMCG stocks saw selling worth Rs 4,939 crore, followed by auto (Rs 2,085 crore), financial services (Rs 1,900 crore), and consumer durables (Rs 1,175 crore), according to data collated by PRIME Infobase. FPIs also sold oil and gas stocks worth roughly Rs 1,169 crore.
Sensex, Nifty tanked over 1% on Middle East woes (15-04-2024)
From the Sensex basket, Tata Motors, State Bank of India, Tata Steel, Power Grid, NTPC, Bajaj Finserv, Bajaj Finance and Asian Paints were the major laggards.
PSBs may be allowed to transfer unclaimed shrs to IEPF (14-04-2024)
The finance ministry is considering amending the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, which governs public-sector banks (PSBs), to make suitable provisions for allowing PSBs to transfer shares to the Investor Education and Protection Fund (IEPF) when dividends of such shares remain unclaimed by the investors for seven consecutive years. “While Section 10B of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, allows the transfer of unclaimed dividends to the IEPF, it, however, does not mention a provision for transferring unclaimed shares and may now be amended by the next government to allow such transfers to happen,” said a person familiar with the matter.
How will the markets fare this week (14-04-2024)
Geopolitical events, macroeconomic data and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead, analysts said. Stock markets will remain closed on Wednesday for Ram Navami. “This week promises to be crucial for the market as fresh worries about a potential conflict between Iran and Israel emerge.
India moved fewer people to non-agri jobs than most (13-04-2024)
India has managed to move a smaller share of its working-age population away from farm-related work than many of its neighbours. Bangladesh, Bhutan, Sri Lanka and Nepal managed to shift a bigger share of jobs to non-agricultural work than India, shows data from the year 2000 to 2023 the compiled from the World Bank’s April South Asia Development Update report. Only Pakistan and the Maldives show a lower shift among South Asian peers.