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होम » Breaking Briefs

Breaking Briefs

Retail auto sales robust in FY24, but March sales muted

The auto sector witnessed a double-digit increase across various categories, driven by strong demand for passenger vehicles, three-wheelers, and tractors
Heat impact on your wallet: RBI cautions against climate change on inflation, growth

If frequent shocks of climate-induced inflation happen it would necessitate a tighter monetary policy, which is detrimental to the growth story that India is betting on.
Labour codes may be priority reform area in first 100 days of new govt

The codes are a few years old. In 2019, the Parliament passed the Code on Wages. The Social Security Code, Industrial Relations Code and the Code on Occupational Safety, Health and Working Conditions were passed in the following year.
PMO wants review text of bilateral investment treaties

This initiative is crucial as only seven nations have endorsed the current model text, with many developed countries expressing reservations, particularly regarding dispute resolution provisions
Cash deposit via UPI possible soon, says RBI

Soon, PPI wallet holders on platforms like MobiKwik, Google Pay, PhonePe and Amazon Pay will be able to link their wallets to other third-party UPI apps and make payments.
Plan for your child’s education this way

In equity mutual funds, you can expect a return of up to 12% in the long term. EPF has an interest rate of 8.25% for the financial year 2023-24. PPF offers 7.1% annually, bank FDs offer 7 to 8%, while the Sukanya Samriddhi Yojana offers an interest rate of 8.2%. You need to choose an investment option that can beat inflation.
I-T launches ITR forms; 23,000 returns already filed

This is for the first time in recent years that the Income Tax department has enabled taxpayers to file their I-T returns on the first day of the new financial year
HDFC Mutual Fund stops lumpsum investment into realty fund

HDFC Mutual Fund, India’s third largest fund house, in a notice informed about the decision. It, however, did not assign any reason for stopping the lumpsum investments
Small Finance Banks urge RBI for turn into full-fledged banks

Interestingly, in its Trends and Progress report for 2022-23, the RBI has said that the consolidated balance sheet of SFBs expanded at a pace faster than scheduled commercial banks during 2022-23, notwithstanding some moderation during the year.
Deal street warming up for Indian startups finally

A few other prominent startups are also exploring big funding deals. These entities are Meesho, Zepto Pocket FM which is an audio streaming platform. There is a feeling among industry experts that the number of deals will rise in the days to come.

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