Even though this is partly due to base effect, what is more interesting to note here is that the inflation has averaged at 3.65 per cent for the first two months of the second quarter. The RBI has forecast an average 4.4 per cent inflation in the second quarter.
Prime Minister Modi stated this while chairing the Semiconductor Executives’ Roundtable at his residence – 7, Lok Kalyan Marg. During the meeting, he said that their ideas will not only shape their business but also India’s future, a statement issued by the Prime Minister’s Office said.
In the case of HDFC Bank, the RBI imposed a penalty of Rs one crore after the RBI found that the bank gave gifts in the form of paying first-year premium for the complimentary life insurance cover costing more than Rs 250 to the depositors at the time of accepting certain deposits.
Foreign Portfolio Investors (FPIs) have been consistently buying equities since June. Before that, they had pulled out funds to the tune of Rs 34,252 crore in April-May.
The Economic Survey 2023-24 suggested that India had to create 78.5 lakh jobs in the non-farm sector by 2030 to cater to the rising workforce
The Congress party has raised fresh set of allegations against the Securities and Exchange Board of India (Sebi) chief Madhabi Puri Buch saying the Sebi chief rented out her properties to Carol Info Services, a firm part of Wockhardt and against which is facing probe by the market regulator.
Falling for the third day running, the 30-share BSE Sensex declined 233.98 points to 81,967.18 in early trade. The NSE Nifty dropped 60 points to 25,085.10.
Toxic work culture is not accepted not only at a regulatory organisation but in any organization.
It is even more important when such charges arise at a regulatory institution. Sebi is the guardian of Indian investors in the securities market. It cannot operate in the shadow of accusations and mistrust. It is extremely important for Sebi to clean up its house and restore confidence among its own employees and investors.
The statement came in the backdrop of media reports suggesting that employees of the Securities and Exchange Board of India (Sebi) had written a letter to the government on August 6, raising concerns over toxic work culture.
