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IndiaTV Business: Google News Feed: Digest for August 11, 2023

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The precarious climb in the cost of tomatoes has made a vegetarian thali dearer by 34% on a month-on-month basis, a report by rating organisation Crisil said. The company's 'Roti Rice report' said that that with the price of thali preparation increasing only 13%, non-vegan thalis were generally less affected in the longer term in July than in June. Tomato prices, a significant monthly increase in food prices, rose from Rs 33 per kg in June to Rs 110 per kg in July, up 233% per kg, according to the report.
A data shared by Clear (formerly known as ClearTax), a comprehensive comparison of income tax return filings between the Old Tax Regime and the New Tax Regime. 85 percent people opted for the Old Regime while 15 percent were in favour of the new one.
A recent study revealed that passive funds have gained traction among investors in India in the last few years, capturing a market share of over 17 per cent of Assets Under Management (AUM) in 2023 from 1.4 per cent in 2015. A passive fund is an investment instrument that simulates the performance of a market index or a specific market segment. Passive index funds, Exchange Traded Funds (ETFs), and Fund of Funds investing in ETFs are examples of these funds. 

Credit card default rises to Rs 4,072 crore in FY23

Tuesday 08 August 2023 04:12 PM UTC+00
Credit card default rose to Rs 4,072 crore or 1.94 per cent at the end of March 2023, Parliament was informed on Tuesday. "As per the inputs received from RBI, in respect of defaults in credit cards, the gross non-performing assets (GNPAs) in credit cards was Rs 3,122 crore in March-2022 and Rs 4,072 crore in March-2023, while credit card outstanding in March-2022 and March-2023 was Rs 1.64 lakh crore and Rs 2.10 lakh crore, respectively," Minister of State for Finance Bhagwat Karad said in a written reply in Rajya Sabha.
The Modi government's push to develop logistics infrastructure is serving as a strong foundation for the world's fastest-growing economy. The logistics sector's role in driving the economy is significant, contributing an estimated 13-14 per cent to India's GDP. As the logistics sector's contribution rises further, logistics solution provider Shreeji Translogistics has reported stellar earnings in the first quarter.
Mobile Premier League Online sports platform Mobile Premier League (MPL) has laid off around 350 employees or about half of its India team to cut down on expenses and bear the burden of increased GST of 28 per cent, according to an internal company email.
The Employees Provident Fund Organisation (EPFO) has initiated the process of depositing interest for the financial year 2022–23. EPFO has given this information in response to a post by a user on the social media platform X. The central government approved in July this year raising the interest rate on Employees Provident Fund (EPF) deposits to 8.15% for the financial year 2022–23.
As inflation is soaring high in the country, the Union Government on Wednesday declared that it has decided to sell additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the central pool in the open market in order to check the price rise.
Equity benchmark indices closed higher on Wednesday, helped by fag-end buying in index majors Reliance Industries, ITC and M&M amid a positive start in European markets. Cautious trade prevailed in the markets for the most part of the day ahead of two major events -- the RBI's monetary policy and the US inflation data -- due to be announced on Thursday.
Rice prices in Asia have reportedly risen to their highest levels in nearly 15 years, owing to growing fears over global supply as dry weather threatens output in Thailand and after top shipper India put a ban on certain exports. According to data from the Thai Rice Exporters Association, Thai white rice 5 per cent broken, an Asian benchmark, jumped to $648 a tonne, the most expensive since October 2008.
The precarious climb in the cost of tomatoes has made a vegetarian thali dearer by 34% on a month-on-month basis, a report by rating organisation Crisil said. The company's 'Roti Rice report' said that that with the price of thali preparation increasing only 13%, non-vegan thalis were generally less affected in the longer term in July than in June. Tomato prices, a significant monthly increase in food prices, rose from Rs 33 per kg in June to Rs 110 per kg in July, up 233% per kg, according to the report.
A data shared by Clear (formerly known as ClearTax), a comprehensive comparison of income tax return filings between the Old Tax Regime and the New Tax Regime. 85 percent people opted for the Old Regime while 15 percent were in favour of the new one.
A recent study revealed that passive funds have gained traction among investors in India in the last few years, capturing a market share of over 17 per cent of Assets Under Management (AUM) in 2023 from 1.4 per cent in 2015. A passive fund is an investment instrument that simulates the performance of a market index or a specific market segment. Passive index funds, Exchange Traded Funds (ETFs), and Fund of Funds investing in ETFs are examples of these funds. 

Credit card default rises to Rs 4,072 crore in FY23

Tuesday 08 August 2023 04:12 PM UTC+00
Credit card default rose to Rs 4,072 crore or 1.94 per cent at the end of March 2023, Parliament was informed on Tuesday. "As per the inputs received from RBI, in respect of defaults in credit cards, the gross non-performing assets (GNPAs) in credit cards was Rs 3,122 crore in March-2022 and Rs 4,072 crore in March-2023, while credit card outstanding in March-2022 and March-2023 was Rs 1.64 lakh crore and Rs 2.10 lakh crore, respectively," Minister of State for Finance Bhagwat Karad said in a written reply in Rajya Sabha.
The Modi government's push to develop logistics infrastructure is serving as a strong foundation for the world's fastest-growing economy. The logistics sector's role in driving the economy is significant, contributing an estimated 13-14 per cent to India's GDP. As the logistics sector's contribution rises further, logistics solution provider Shreeji Translogistics has reported stellar earnings in the first quarter.
Mobile Premier League Online sports platform Mobile Premier League (MPL) has laid off around 350 employees or about half of its India team to cut down on expenses and bear the burden of increased GST of 28 per cent, according to an internal company email.
The Employees Provident Fund Organisation (EPFO) has initiated the process of depositing interest for the financial year 2022–23. EPFO has given this information in response to a post by a user on the social media platform X. The central government approved in July this year raising the interest rate on Employees Provident Fund (EPF) deposits to 8.15% for the financial year 2022–23.
As inflation is soaring high in the country, the Union Government on Wednesday declared that it has decided to sell additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the central pool in the open market in order to check the price rise.
Equity benchmark indices closed higher on Wednesday, helped by fag-end buying in index majors Reliance Industries, ITC and M&M amid a positive start in European markets. Cautious trade prevailed in the markets for the most part of the day ahead of two major events -- the RBI's monetary policy and the US inflation data -- due to be announced on Thursday.
Rice prices in Asia have reportedly risen to their highest levels in nearly 15 years, owing to growing fears over global supply as dry weather threatens output in Thailand and after top shipper India put a ban on certain exports. According to data from the Thai Rice Exporters Association, Thai white rice 5 per cent broken, an Asian benchmark, jumped to $648 a tonne, the most expensive since October 2008.
A data shared by Clear (formerly known as ClearTax), a comprehensive comparison of income tax return filings between the Old Tax Regime and the New Tax Regime. 85 percent people opted for the Old Regime while 15 percent were in favour of the new one.
A recent study revealed that passive funds have gained traction among investors in India in the last few years, capturing a market share of over 17 per cent of Assets Under Management (AUM) in 2023 from 1.4 per cent in 2015. A passive fund is an investment instrument that simulates the performance of a market index or a specific market segment. Passive index funds, Exchange Traded Funds (ETFs), and Fund of Funds investing in ETFs are examples of these funds. 

Credit card default rises to Rs 4,072 crore in FY23

Tuesday 08 August 2023 04:12 PM UTC+00
Credit card default rose to Rs 4,072 crore or 1.94 per cent at the end of March 2023, Parliament was informed on Tuesday. "As per the inputs received from RBI, in respect of defaults in credit cards, the gross non-performing assets (GNPAs) in credit cards was Rs 3,122 crore in March-2022 and Rs 4,072 crore in March-2023, while credit card outstanding in March-2022 and March-2023 was Rs 1.64 lakh crore and Rs 2.10 lakh crore, respectively," Minister of State for Finance Bhagwat Karad said in a written reply in Rajya Sabha.
The Modi government's push to develop logistics infrastructure is serving as a strong foundation for the world's fastest-growing economy. The logistics sector's role in driving the economy is significant, contributing an estimated 13-14 per cent to India's GDP. As the logistics sector's contribution rises further, logistics solution provider Shreeji Translogistics has reported stellar earnings in the first quarter.
Mobile Premier League Online sports platform Mobile Premier League (MPL) has laid off around 350 employees or about half of its India team to cut down on expenses and bear the burden of increased GST of 28 per cent, according to an internal company email.
The Employees Provident Fund Organisation (EPFO) has initiated the process of depositing interest for the financial year 2022–23. EPFO has given this information in response to a post by a user on the social media platform X. The central government approved in July this year raising the interest rate on Employees Provident Fund (EPF) deposits to 8.15% for the financial year 2022–23.
As inflation is soaring high in the country, the Union Government on Wednesday declared that it has decided to sell additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the central pool in the open market in order to check the price rise.
Equity benchmark indices closed higher on Wednesday, helped by fag-end buying in index majors Reliance Industries, ITC and M&M amid a positive start in European markets. Cautious trade prevailed in the markets for the most part of the day ahead of two major events -- the RBI's monetary policy and the US inflation data -- due to be announced on Thursday.
Rice prices in Asia have reportedly risen to their highest levels in nearly 15 years, owing to growing fears over global supply as dry weather threatens output in Thailand and after top shipper India put a ban on certain exports. According to data from the Thai Rice Exporters Association, Thai white rice 5 per cent broken, an Asian benchmark, jumped to $648 a tonne, the most expensive since October 2008.
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the Monetary Policy Committee decided unanimously to keep the Repo Rate unchanged at 6.50 per cent. The Central Bank decided to keep the policy rate unchanged for the third time in a row as it maintains heightened vigil on inflation.
A data shared by Clear (formerly known as ClearTax), a comprehensive comparison of income tax return filings between the Old Tax Regime and the New Tax Regime. 85 percent people opted for the Old Regime while 15 percent were in favour of the new one.
A recent study revealed that passive funds have gained traction among investors in India in the last few years, capturing a market share of over 17 per cent of Assets Under Management (AUM) in 2023 from 1.4 per cent in 2015. A passive fund is an investment instrument that simulates the performance of a market index or a specific market segment. Passive index funds, Exchange Traded Funds (ETFs), and Fund of Funds investing in ETFs are examples of these funds. 

Credit card default rises to Rs 4,072 crore in FY23

Tuesday 08 August 2023 04:12 PM UTC+00
Credit card default rose to Rs 4,072 crore or 1.94 per cent at the end of March 2023, Parliament was informed on Tuesday. "As per the inputs received from RBI, in respect of defaults in credit cards, the gross non-performing assets (GNPAs) in credit cards was Rs 3,122 crore in March-2022 and Rs 4,072 crore in March-2023, while credit card outstanding in March-2022 and March-2023 was Rs 1.64 lakh crore and Rs 2.10 lakh crore, respectively," Minister of State for Finance Bhagwat Karad said in a written reply in Rajya Sabha.
The Modi government's push to develop logistics infrastructure is serving as a strong foundation for the world's fastest-growing economy. The logistics sector's role in driving the economy is significant, contributing an estimated 13-14 per cent to India's GDP. As the logistics sector's contribution rises further, logistics solution provider Shreeji Translogistics has reported stellar earnings in the first quarter.
Mobile Premier League Online sports platform Mobile Premier League (MPL) has laid off around 350 employees or about half of its India team to cut down on expenses and bear the burden of increased GST of 28 per cent, according to an internal company email.
The Employees Provident Fund Organisation (EPFO) has initiated the process of depositing interest for the financial year 2022–23. EPFO has given this information in response to a post by a user on the social media platform X. The central government approved in July this year raising the interest rate on Employees Provident Fund (EPF) deposits to 8.15% for the financial year 2022–23.
As inflation is soaring high in the country, the Union Government on Wednesday declared that it has decided to sell additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the central pool in the open market in order to check the price rise.
Equity benchmark indices closed higher on Wednesday, helped by fag-end buying in index majors Reliance Industries, ITC and M&M amid a positive start in European markets. Cautious trade prevailed in the markets for the most part of the day ahead of two major events -- the RBI's monetary policy and the US inflation data -- due to be announced on Thursday.
Rice prices in Asia have reportedly risen to their highest levels in nearly 15 years, owing to growing fears over global supply as dry weather threatens output in Thailand and after top shipper India put a ban on certain exports. According to data from the Thai Rice Exporters Association, Thai white rice 5 per cent broken, an Asian benchmark, jumped to $648 a tonne, the most expensive since October 2008.
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the Monetary Policy Committee decided unanimously to keep the Repo Rate unchanged at 6.50 per cent. The Central Bank decided to keep the policy rate unchanged for the third time in a row as it maintains heightened vigil on inflation.
A data shared by Clear (formerly known as ClearTax), a comprehensive comparison of income tax return filings between the Old Tax Regime and the New Tax Regime. 85 percent people opted for the Old Regime while 15 percent were in favour of the new one.
A recent study revealed that passive funds have gained traction among investors in India in the last few years, capturing a market share of over 17 per cent of Assets Under Management (AUM) in 2023 from 1.4 per cent in 2015. A passive fund is an investment instrument that simulates the performance of a market index or a specific market segment. Passive index funds, Exchange Traded Funds (ETFs), and Fund of Funds investing in ETFs are examples of these funds. 

Credit card default rises to Rs 4,072 crore in FY23

Tuesday 08 August 2023 04:12 PM UTC+00
Credit card default rose to Rs 4,072 crore or 1.94 per cent at the end of March 2023, Parliament was informed on Tuesday. "As per the inputs received from RBI, in respect of defaults in credit cards, the gross non-performing assets (GNPAs) in credit cards was Rs 3,122 crore in March-2022 and Rs 4,072 crore in March-2023, while credit card outstanding in March-2022 and March-2023 was Rs 1.64 lakh crore and Rs 2.10 lakh crore, respectively," Minister of State for Finance Bhagwat Karad said in a written reply in Rajya Sabha.
The Modi government's push to develop logistics infrastructure is serving as a strong foundation for the world's fastest-growing economy. The logistics sector's role in driving the economy is significant, contributing an estimated 13-14 per cent to India's GDP. As the logistics sector's contribution rises further, logistics solution provider Shreeji Translogistics has reported stellar earnings in the first quarter.
Mobile Premier League Online sports platform Mobile Premier League (MPL) has laid off around 350 employees or about half of its India team to cut down on expenses and bear the burden of increased GST of 28 per cent, according to an internal company email.
The Employees Provident Fund Organisation (EPFO) has initiated the process of depositing interest for the financial year 2022–23. EPFO has given this information in response to a post by a user on the social media platform X. The central government approved in July this year raising the interest rate on Employees Provident Fund (EPF) deposits to 8.15% for the financial year 2022–23.
As inflation is soaring high in the country, the Union Government on Wednesday declared that it has decided to sell additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the central pool in the open market in order to check the price rise.
Equity benchmark indices closed higher on Wednesday, helped by fag-end buying in index majors Reliance Industries, ITC and M&M amid a positive start in European markets. Cautious trade prevailed in the markets for the most part of the day ahead of two major events -- the RBI's monetary policy and the US inflation data -- due to be announced on Thursday.
Rice prices in Asia have reportedly risen to their highest levels in nearly 15 years, owing to growing fears over global supply as dry weather threatens output in Thailand and after top shipper India put a ban on certain exports. According to data from the Thai Rice Exporters Association, Thai white rice 5 per cent broken, an Asian benchmark, jumped to $648 a tonne, the most expensive since October 2008.
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the Monetary Policy Committee decided unanimously to keep the Repo Rate unchanged at 6.50 per cent. The Central Bank decided to keep the policy rate unchanged for the third time in a row as it maintains heightened vigil on inflation.
A recent study revealed that passive funds have gained traction among investors in India in the last few years, capturing a market share of over 17 per cent of Assets Under Management (AUM) in 2023 from 1.4 per cent in 2015. A passive fund is an investment instrument that simulates the performance of a market index or a specific market segment. Passive index funds, Exchange Traded Funds (ETFs), and Fund of Funds investing in ETFs are examples of these funds. 

Credit card default rises to Rs 4,072 crore in FY23

Tuesday 08 August 2023 04:12 PM UTC+00
Credit card default rose to Rs 4,072 crore or 1.94 per cent at the end of March 2023, Parliament was informed on Tuesday. "As per the inputs received from RBI, in respect of defaults in credit cards, the gross non-performing assets (GNPAs) in credit cards was Rs 3,122 crore in March-2022 and Rs 4,072 crore in March-2023, while credit card outstanding in March-2022 and March-2023 was Rs 1.64 lakh crore and Rs 2.10 lakh crore, respectively," Minister of State for Finance Bhagwat Karad said in a written reply in Rajya Sabha.
The Modi government's push to develop logistics infrastructure is serving as a strong foundation for the world's fastest-growing economy. The logistics sector's role in driving the economy is significant, contributing an estimated 13-14 per cent to India's GDP. As the logistics sector's contribution rises further, logistics solution provider Shreeji Translogistics has reported stellar earnings in the first quarter.
Mobile Premier League Online sports platform Mobile Premier League (MPL) has laid off around 350 employees or about half of its India team to cut down on expenses and bear the burden of increased GST of 28 per cent, according to an internal company email.
The Employees Provident Fund Organisation (EPFO) has initiated the process of depositing interest for the financial year 2022–23. EPFO has given this information in response to a post by a user on the social media platform X. The central government approved in July this year raising the interest rate on Employees Provident Fund (EPF) deposits to 8.15% for the financial year 2022–23.
As inflation is soaring high in the country, the Union Government on Wednesday declared that it has decided to sell additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the central pool in the open market in order to check the price rise.
Equity benchmark indices closed higher on Wednesday, helped by fag-end buying in index majors Reliance Industries, ITC and M&M amid a positive start in European markets. Cautious trade prevailed in the markets for the most part of the day ahead of two major events -- the RBI's monetary policy and the US inflation data -- due to be announced on Thursday.
Rice prices in Asia have reportedly risen to their highest levels in nearly 15 years, owing to growing fears over global supply as dry weather threatens output in Thailand and after top shipper India put a ban on certain exports. According to data from the Thai Rice Exporters Association, Thai white rice 5 per cent broken, an Asian benchmark, jumped to $648 a tonne, the most expensive since October 2008.
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the Monetary Policy Committee decided unanimously to keep the Repo Rate unchanged at 6.50 per cent. The Central Bank decided to keep the policy rate unchanged for the third time in a row as it maintains heightened vigil on inflation.
Following the RBI monetary policy, Benchmark equity indices declined on Thursday dragged down by banking counters, after the unexpected announcement of reducing cash in the financial system. Investors also remained on the sidelines ahead of the US inflation data announcement.
A recent study revealed that passive funds have gained traction among investors in India in the last few years, capturing a market share of over 17 per cent of Assets Under Management (AUM) in 2023 from 1.4 per cent in 2015. A passive fund is an investment instrument that simulates the performance of a market index or a specific market segment. Passive index funds, Exchange Traded Funds (ETFs), and Fund of Funds investing in ETFs are examples of these funds. 

Credit card default rises to Rs 4,072 crore in FY23

Tuesday 08 August 2023 04:12 PM UTC+00
Credit card default rose to Rs 4,072 crore or 1.94 per cent at the end of March 2023, Parliament was informed on Tuesday. "As per the inputs received from RBI, in respect of defaults in credit cards, the gross non-performing assets (GNPAs) in credit cards was Rs 3,122 crore in March-2022 and Rs 4,072 crore in March-2023, while credit card outstanding in March-2022 and March-2023 was Rs 1.64 lakh crore and Rs 2.10 lakh crore, respectively," Minister of State for Finance Bhagwat Karad said in a written reply in Rajya Sabha.
The Modi government's push to develop logistics infrastructure is serving as a strong foundation for the world's fastest-growing economy. The logistics sector's role in driving the economy is significant, contributing an estimated 13-14 per cent to India's GDP. As the logistics sector's contribution rises further, logistics solution provider Shreeji Translogistics has reported stellar earnings in the first quarter.
Mobile Premier League Online sports platform Mobile Premier League (MPL) has laid off around 350 employees or about half of its India team to cut down on expenses and bear the burden of increased GST of 28 per cent, according to an internal company email.
The Employees Provident Fund Organisation (EPFO) has initiated the process of depositing interest for the financial year 2022–23. EPFO has given this information in response to a post by a user on the social media platform X. The central government approved in July this year raising the interest rate on Employees Provident Fund (EPF) deposits to 8.15% for the financial year 2022–23.
As inflation is soaring high in the country, the Union Government on Wednesday declared that it has decided to sell additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the central pool in the open market in order to check the price rise.
Equity benchmark indices closed higher on Wednesday, helped by fag-end buying in index majors Reliance Industries, ITC and M&M amid a positive start in European markets. Cautious trade prevailed in the markets for the most part of the day ahead of two major events -- the RBI's monetary policy and the US inflation data -- due to be announced on Thursday.
Rice prices in Asia have reportedly risen to their highest levels in nearly 15 years, owing to growing fears over global supply as dry weather threatens output in Thailand and after top shipper India put a ban on certain exports. According to data from the Thai Rice Exporters Association, Thai white rice 5 per cent broken, an Asian benchmark, jumped to $648 a tonne, the most expensive since October 2008.
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the Monetary Policy Committee decided unanimously to keep the Repo Rate unchanged at 6.50 per cent. The Central Bank decided to keep the policy rate unchanged for the third time in a row as it maintains heightened vigil on inflation.
Following the RBI monetary policy, Benchmark equity indices declined on Thursday dragged down by banking counters, after the unexpected announcement of reducing cash in the financial system. Investors also remained on the sidelines ahead of the US inflation data announcement.
A recent study revealed that passive funds have gained traction among investors in India in the last few years, capturing a market share of over 17 per cent of Assets Under Management (AUM) in 2023 from 1.4 per cent in 2015. A passive fund is an investment instrument that simulates the performance of a market index or a specific market segment. Passive index funds, Exchange Traded Funds (ETFs), and Fund of Funds investing in ETFs are examples of these funds. 

Credit card default rises to Rs 4,072 crore in FY23

Tuesday 08 August 2023 04:12 PM UTC+00
Credit card default rose to Rs 4,072 crore or 1.94 per cent at the end of March 2023, Parliament was informed on Tuesday. "As per the inputs received from RBI, in respect of defaults in credit cards, the gross non-performing assets (GNPAs) in credit cards was Rs 3,122 crore in March-2022 and Rs 4,072 crore in March-2023, while credit card outstanding in March-2022 and March-2023 was Rs 1.64 lakh crore and Rs 2.10 lakh crore, respectively," Minister of State for Finance Bhagwat Karad said in a written reply in Rajya Sabha.
The Modi government's push to develop logistics infrastructure is serving as a strong foundation for the world's fastest-growing economy. The logistics sector's role in driving the economy is significant, contributing an estimated 13-14 per cent to India's GDP. As the logistics sector's contribution rises further, logistics solution provider Shreeji Translogistics has reported stellar earnings in the first quarter.
Mobile Premier League Online sports platform Mobile Premier League (MPL) has laid off around 350 employees or about half of its India team to cut down on expenses and bear the burden of increased GST of 28 per cent, according to an internal company email.
The Employees Provident Fund Organisation (EPFO) has initiated the process of depositing interest for the financial year 2022–23. EPFO has given this information in response to a post by a user on the social media platform X. The central government approved in July this year raising the interest rate on Employees Provident Fund (EPF) deposits to 8.15% for the financial year 2022–23.
As inflation is soaring high in the country, the Union Government on Wednesday declared that it has decided to sell additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the central pool in the open market in order to check the price rise.
Equity benchmark indices closed higher on Wednesday, helped by fag-end buying in index majors Reliance Industries, ITC and M&M amid a positive start in European markets. Cautious trade prevailed in the markets for the most part of the day ahead of two major events -- the RBI's monetary policy and the US inflation data -- due to be announced on Thursday.
Rice prices in Asia have reportedly risen to their highest levels in nearly 15 years, owing to growing fears over global supply as dry weather threatens output in Thailand and after top shipper India put a ban on certain exports. According to data from the Thai Rice Exporters Association, Thai white rice 5 per cent broken, an Asian benchmark, jumped to $648 a tonne, the most expensive since October 2008.
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the Monetary Policy Committee decided unanimously to keep the Repo Rate unchanged at 6.50 per cent. The Central Bank decided to keep the policy rate unchanged for the third time in a row as it maintains heightened vigil on inflation.
Following the RBI monetary policy, Benchmark equity indices declined on Thursday dragged down by banking counters, after the unexpected announcement of reducing cash in the financial system. Investors also remained on the sidelines ahead of the US inflation data announcement.
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