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Job demand hike has led to higher MGNREGA expenditure
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Though the US central bank did not raise interest rates against expectations in several quarters, chairman of the Fed, Jerome Powell, has said that they could hike rates again if the war against inflation warranted it.
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Vietnam is supposed to feature an average hike of 8%, which puts it in second place. The countries that follow are China (6%), Philippines (5.7%) and Thailand (5%).
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The water storage data in 150 major reservoirs in the country in the month of October was markedly low compared to that in 2022.
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“We will be opening 18 outlets in this quarter across New Delhi, Kolkata, Punjab, Haryana, Himachal Pradesh, Uttar Pradesh and the Delhi- Mumbai Expressway (area)," Sanjeev Agarwal, chairman of MMG Group and McDonald's India North and East, told The Economic Times.
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According to Das, the growth momentum in the economy continues to be strong, and that the GDP number for the second quarter will surprise everyone on the upside.
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The impact of gender inclusivity trickled down the organizational hierarchy as well. While startups had 21% of its director or vice president positions being occupied by women, only 15% women made it to these levels in NSE-listed corporations.
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HUL, CEO and MD, Rohit Jawa, said that as far as sale of FMCG products is concerned, rural India has still not fully recovered to volume levels it had had two years ago. Jawa said, “Sales volume continues to decline in rural India in last two years. HUL continues to face volume de-growth in the hinterland.”
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"Debit cards have been on a downward trajectory; for small value payments, consumers prefer UPI, and for large value payments, net banking seems to be the mode of choice," said Vishwas Patel, joint managing director at Infibeam Avenues, which runs payment gateway CCAvenue.
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This is the time brands in the consumer durable fashion sectors were eagerly looking forward to since the first quarter of the financial year when demand turned sluggish, so much so that retailers and companies had to bring forward end-of-season-sales and flash discounts to boost sales which failed to adequately respond to the adrenaline shots marketing professionals liberally injected down the months.
