Economics

Coffee growers’ meet may bring a cuppa cheer for India

Some important topics for discussion include how to replicate Brazil’s success of domestic coffee consumption The World Coffee Producers’ Forum (WCPF) is scheduled to discuss a range of issues critical to the economic sustainability of coffee farmers round the globe at its two-day conference that commenced on Wednesday. WCPF is …

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Industry jittery as auto sales’ slide continues

SIAM seeks measures to save jobs in a sector that employs close to 37 million people With domestic automobile sales continuing on a downward spiral, the industry on Wednesday cautioned that if immediate concrete measures are not taken by the government to help arrest the fall, job cuts may soon …

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Markets set for damp quarter

‘Top-line growth likely to be lowest in a decade’; global concerns to hit IT sector With companies all set to releaseresults for the first quarter of the current financial year, market participants appear to be unanimous in predicting a subdued quarter for most sectors. According to most brokerages, the overall …

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Public, private sectors have to invest: Garg

‘Bulk of investment from govt. firms’ The government hopes to get investments from public sector companies as well as the private sector, according to Finance Secretary Subhash Chandra Garg. Mr. Garg said that the government’s own contribution to gross capital formation was small and so, in the unlikely event that …

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RBI board finalises ‘Utkarsh 2022’

Three-year road map to improve regulation, supervision The Reserve Bank of India (RBI) board, which met in New Delhi, finalised a three- year roadmap to improve regulation and supervision, among other functions of the central bank. This medium term strategy — named Utkarsh 2022 — is in line with the …

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Despite global challenges, 3M India remains bullish

India is an important talent contributor to our global leadership in the U.S., says Ramadurai Minnesota-based 3M Company, that manufactures more than 60,000 products for homes, schools, enterprises, governments and hospitals, may be staring at a barrage of market challenges. These include flagging demand for cars and smartphones, growing end-market …

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‘Financial system has surplus liquidity’

Repo transmission taking 2-3 months against the 6 months earlier, says Das The financial system is “hugely surplus” with liquidity, Reserve Bank of India Governor Shaktikanta Das said on Monday, adding that this would facilitate better transmission of rate cuts implemented by the central bank. “You have to keep in …

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SEBI gets teeth to probe new-age cases

It can fine up to Rs. 10 cr. if a person tampers with information to obstruct probe, destroy data The Finance Bill, 2019 has given the Securities and Exchange Board of India (SEBI) new powers to act against entities that tamper or destroy electronic databases or fail to furnish information …

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Stocks crash on budget, global cues

Surcharge on high income group, strong U.S. jobs data lowering prospects of Fed rate cut dampeners The first trading session of the equity markets after the Union Budget saw stocks in a free-fall mode on Monday as a mix of global factors and domestic concerns emanating from some of the …

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