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Factory output growth for June at 3.7%
The factory output growth in terms of the Index of Industrial Production stood at 12.6% in June 2022 due to a lower base effect
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Parliamentary panel wants air fares capped
Lawmakers have suggested capping fares to prevent unreasonale spikes during busy days
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Three more banks raise lending rates
Three more banks have raised the MCLR which will lead to higher EMIs by customers
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After laptops, cameras, printer import may face ban
To promote manufacturing of the items on Indian soil, the government wants to apply production-linked-incentive scheme to spice up its offer
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Fast-moving relief: FMCG clocks higher growth rates in Q1 both in volume and value terms
The fast-moving consumer goods (FMCG) in the country, according to NIQ India report, expanded 12.2% in value terms in the April-June quarter of the current financial year, clocking a rate higher both in sequential and year-on-year terms and triggering a signal that the declining inflation during that period provided some relief to the common man’s stressed pocket.
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Invest through STP, not lump sum
A mutual fund investor must transfer funds to the target scheme at least 6 times, and there is no maximum limit for transfers.
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No change in EMI, but inflation may play spoiler
RBI has kept the repo rate unchanged, but sounded a caution on rising inflation
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Vegetables add to RBI worry on inflation
RBI said the uneven monsoon is a cause for concern and can adversely impact inflation
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Borrowers can shift to fixed interest rates
Reserve Bank Governor Shaktikanta Das said the lenders will have to clearly communicate with the borrowers about tenor and EMI
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Centre framing incentives to lead private bus operators to the EV route
The bulk of the public transportation system in the country is critically dependent on private buses which comprise about 90% of the buses hitting the roads in the country.
