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The Trade Promotion Council of India, a trade and investment promotion organisation, states that as much as 30-40% of fruits and vegetables are wasted due to lack of proper cold storage and handling facilities.
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The data from the Directorate General of Civil Aviation (DGCA) showed that domestic carriers flew 97.05 lakh passengers in July 2022.
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If this trend continues, the central bank may not cut interest rate in near future or may be even consider raising rates. This will force banks to increase lending rates in the country. EMIs may go up as a result. Currently, the repo rate stands at 6.50 per cent.
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Stumped by the announcement of the government disallowing free import of laptops, tablets and other electronic devices, representatives of MNC brands such as Apple, Dell, HP and Acer met officials of the Ministry of Electronics and Information Technology on August 8, 2023
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RBI said the uneven monsoon is a cause for concern and can adversely impact inflation
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Banks and financial services are the HR flavour of the season, a report of The Times of India has stated, citing increased migration of talent from other sectors to banking, financial services and insurance (BFSI).
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There is a misconception spreading on social media that after the import ban, laptop prices might increase or there could be a shortage in supply
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Most global agencies such as ADB, IMF, World Bank have forecasted GDP growth rates in the 6.1-6.4% range this year.
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As in FY23, the top three banks in India have a P/B multiple of 2.5 – far higher than the 0.5-1.5 band for banks in some major countries.
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The job losses are 65% higher than the 6,530 employees who faced job cuts in the first half of last year. However, the rate of rise in technology sector job losses globally has been much higher – 470%.
