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Economictimes.indiatimes.com
Апрель
2024

Новости за 10.04.2024

Fed officials preparing to slow pace of balance sheet runoff

Economictimes.indiatimes.com 

The Fed is currently allowing up to $60 billion per month in Treasury bonds and up to $35 billion per month in mortgage bonds to mature and not be replaced as part of a process called quantitative tightening, or QT.



SBI, ICICI may act as third-party liaisons for European banks

Economictimes.indiatimes.com 

The proposal for local banks to carry out third-party clearing for the European banks comes on the back of a decision by the European Securities and Markets Authority (ESMA) in October 2022 to de-recognise the Clearing Corporation of India (CCIL). ESMA's step came after the RBI refused to permit the foreign body rights of inspection and audit over the CCIL, which hosts the trading platform and provides guaranteed settlement for Indian government bonds and interest rate derivatives. Pending a resolution of the matter... Читать дальше...



After Museum Gallery, Adani Group to fund policy thinktank

Economictimes.indiatimes.com 

This move pitches the infrastructure conglomerate in direct competition with RIL-backed Observer Research Foundation or ORF, a think tank that took shape in 1990. ORF, based in New Delhi, has emerged in recent years as one of India's most high-profile thinktanks.

Mamata Banerjee misleading people on CAA: Amit Shah

Economictimes.indiatimes.com 

From Sandeshkhali to CAA, NIA and Bhupatinagar and infiltration, Union Home Minister Amit Shah lashed out at West Bengal chief minister Mamata Banerjee from his first election rally in Bengal's Balurghat and accused her of "misleading people over Citizenship Amendment Act (CAA)".

Highway toll mopup rises 35% to 5-year high of ₹64,810 crore

Economictimes.indiatimes.com 

Year-wise, toll collection stood at ₹25,154.76 crore in 2018-19, ₹27,637.64 crore in 2019-20, ₹27,923.80 crore in 2020-21, ₹33,907.72 crore in 2021-22 and ₹48,028.22 crore in 2022-23. A senior official said a shift to satellite-based toll collection is expected to add to the revenue. "We are doing pilots across different stretches and based on the feedback, the system will be rolled out pan India in a graded manner," the official said.

Wage ceiling under EPFO may be raised to ₹21k

Economictimes.indiatimes.com 

The government is contemplating enhancing the wage ceiling under the Employees' Provident Fund Organisation (EPFO) to at least ₹21,000 from ₹15,000 now to widen the social security coverage, a step towards achieving universal social security.

Red Sea Crisis: RBI and IRDAI asked to help limit impact on exports

Economictimes.indiatimes.com 

In a letter, which was also addressed to state-run export finance institution Exim Bank, the finance ministry last month told the RBI and Insurance Regulatory and Development Authority of India (IRDAI) to monitor and look into the concerns raised by exporters with the commerce ministry about these disruptions potentially inflating India's export costs, officials said.

Raaj Anand quits Delhi cabinet, AAP following summons by ED

Economictimes.indiatimes.com 

Addressing a press conference to announce his resignation, he said, "I had stepped into politics when Kejriwal had said that politics will change. But today, with a lot of regret, I am saying that the politics has not changed but the leaders have. AAP was born out of the anti-corruption movement but now the party is steeped in corruption. It has become untenable for me to continue as a minister."

Where did the money come from? More banks ask LRS remitters

Economictimes.indiatimes.com 

Under the Liberalised Remittance Scheme (LRS), resident individuals are permitted to transfer up to $250,000 a year abroad to invest in properties and securities, maintenance of relatives, among other specified purposes. Some of the tax professionals and bankers ET spoke to said authorised dealer (AD) banks are undertaking greater scrutiny before clearing LRS remittances.

Ties with China important and significant, says PM Modi

Economictimes.indiatimes.com 

Prime Minister Narendra Modi emphasized the urgency of resolving the prolonged border situation with China to normalize bilateral interactions. In an interview with Newsweek, he stressed India's prioritization of its relationship with China, emphasizing the need for constructive engagement to restore peace and stability in the region and globally.

Manipur violence declines after poll announcement

Economictimes.indiatimes.com 

The state is to get 200 companies of central paramilitary forces for the general elections, voting for which will start later this month. Meanwhile, the Election Commission of India has set up special polling stations to ensure that internally displaced persons (IDPs) are able to exercise their franchise.

Last 10 years just an 'appetizer', main course in third term: PM Modi

Economictimes.indiatimes.com 

"The opposition is claiming that the constitution would be changed if the BJP comes to power and there would be no elections if the BJP comes to power, this clearly shows that they have become bankrupt for issues because we are hearing this stale line since the time of Atal Bihari Vajpayee. Was democracy not under threat during the emergency. When a poor man's son like me becomes the Prime Minister, the Congress feels democracy is at stake," said Modi while addressing a rally in Ramtek constituency in Nagpur.

80% reduction in insurgency in North-East: Nadda

Economictimes.indiatimes.com 

BJP president JP Nadda said around 66% areas of the region are now free from coverage of the Armed Forces (Special power) Act (AFSPA). The Northeast, which was earlier known for its bandh culture, insurgency and targeted killings, has made rapid progress in the last ten years, he said.


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Bacardi high on premiumisation of portfolio in India

Economictimes.indiatimes.com 

According to industry body Confederation of Indian Alcoholic Beverage Companies, alcobev drinks priced over ₹1,000 have grown four times faster than those under ₹500 in calendar 2023. CIABC director general Vinod Giri attributed the increasing trend of premiumisation to a combination of factors.

Natural gas should come under GST regime, says GAIL chairman Sandeep Kumar Gupta

Economictimes.indiatimes.com 

GAIL chairman Sandeep Kumar Gupta said the government should mandate the use of natural gas in refineries and steel making, and make emissions a factor in the merit order for electricity despatch to help gas-based power compete with coal-based supply. He also said natural gas should come under the goods and services tax (GST) regime, production-linked incentive (PLI) should be extended to LNG-powered vehicles and GST on CNG-powered vehicles should be slashed to 5% from 28%, on a par with electric vehicles (EVs).

BJP invites 25 nations to observe Lok Sabha polls in India

Economictimes.indiatimes.com 

Congress leader Rahul Gandhi has repeatedly expressed concerns about the state of democracy in India, both domestically and abroad. In response, the BJP has extended invitations to political parties from 25 countries to observe firsthand their campaign and election management strategies during the upcoming 2024 Lok Sabha elections.

Narendra Modi's a migratory bird in Tamil Nadu sanctuary: MK Stalin

Economictimes.indiatimes.com 

"Just like birds come to the sanctuary during the season, Prime Minister Modi himself hovers over Tamil Nadu during election season," Chief minister MK Stalin said in a long post on X on Wednesday. He said Modi has arrived with a guarantee card as the Gujarat model and Chaukidar roles were "exposed as fake."

Uttar Pradesh: BJP's Jaiveer Singh to take on Dimple Yadav in Mainpuri

Economictimes.indiatimes.com 

Neeraj Shekhar, son of former prime minister Chandrashekhar, has been given a ticket from Ballia. Shekhar, currently a Rajya Sabha member, will be replacing the current MP Virendra Singh Mast. Neeraj Tripathi, son of BJP leader and former Governor, the late Kesari Nath Tripathi, replaces Rita Bahuguna Joshi, the sitting MP from Allahabad.

States asked to enforce stock disclosures of pulses

Economictimes.indiatimes.com 

Centre mandates states to disclose weekly pulses stocks. Khare oversees compliance and import discussions. States monitor yellow peas imports from December 8 to June 30 for market availability augmentation.



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