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2024

Новости за 05.09.2024

FSDC panel reviews macro developments

Economictimes.indiatimes.com 

The Financial Stability and Development Council's sub-committee, chaired by RBI Governor Shaktikanta Das, reviewed key global and domestic macroeconomic and financial developments. They discussed inter-regulatory coordination and potential risks to financial stability, focusing on improving resilience amid emerging challenges like global spillovers, cyber hazards, and climate change.

Passenger, commercial vehicles retail sales skid in August as heavy rains dampen sentiment

Economictimes.indiatimes.com 

Retail sales of passenger and commercial vehicles in India declined in August due to excessive rainfall affecting consumer sentiment and economic activity. Passenger vehicle sales dropped by 4.5% and commercial vehicles by 6.05%. However, overall retail sales rose by about 3%, driven by higher two-wheeler and three-wheeler sales.

Andhra plans to set up overseas offices to woo investments

Economictimes.indiatimes.com 

"We are planning to set up offices in different countries, especially our target markets like South Korea, Taiwan and other countries. This would help the state tap into major markets," Andhra Pradesh industries and commerce minister T G Bharath told ET.

After brush with Ayurveda, Colgate back to core: CEO Noel Wallace

Economictimes.indiatimes.com 

Colgate-Palmolive's global CEO, Noel Wallace, admitted that the company had become sidetracked by focusing on the Ayurvedic segment in India, but has since refocused on its core strengths and scientific principles that established its brand. At the Barclays Global Consumer Staples Conference, Wallace emphasized the company's return to its fundamental oral care expertise, which has led to growth in both core and premium toothpaste segments in India.

DHL eCommerce to step up its India operations with Rs 250 million funding plan

Economictimes.indiatimes.com 

DHL eCommerce plans to boost its operations in India by 2030 with a ₹250-million investment. This includes expanding its aircraft fleet, opening two major hubs, constructing new facilities, and making local acquisitions. The investment aims to position India among DHL's top 10 revenue markets globally.

Unilever will probably not hold its high market share in India: CEO Hein Schumacher

Economictimes.indiatimes.com 

Unilever's global CEO, Hein Schumacher, acknowledged that while Hindustan Unilever (HUL) leads in 85% of its categories in India, the company's high market share might not be sustainable due to shifts in consumer behavior towards premium products and modern retail channels. India, which is Unilever's second-largest market by revenue, is experiencing significant premiumization, with consumers increasingly moving from local stores to online and supermarket channels.

MHA issues new fund norms for 'recovery, reconstruction' after 15th Finance Commission's suggestions

Economictimes.indiatimes.com 

The home ministry has introduced new guidelines for the creation and management of recovery and reconstruction funds, following recommendations from the 15th Finance Commission. The guidelines aim to address gaps in funding for states affected by natural disasters, reallocating resources within existing disaster relief frameworks to better support recovery efforts.



Compressed biogas price mechanism to be tweaked

Economictimes.indiatimes.com 

CBG prices, which are linked to the retail rates of compressed natural gas (CNG), have fallen about 12% in the past year and a half to Rs 1,290 per mmbtu from Rs 1,470. The decline was partly driven by the government's decision in April 2023 to cap the price of domestic natural gas to $6.5 per mmbtu. City gas distributors mix this price-capped natural gas with CBG to serve their CNG customers.

Six Maoists killed in Telangana; Two cops injured

Economictimes.indiatimes.com 

Six Maoists were killed and two security personnel injured in an encounter with police in Telangana's Bhadradri Kothagudem district. One of the injured personnel is in critical condition. This follows a similar incident in Chhattisgarh where six Maoists were killed. Union home minister Amit Shah has pledged to eradicate left-wing extremism by March 2026.

India enjoying rare peace dividend but must be alert: Rajnath Singh

Economictimes.indiatimes.com 

Defence minister Rajnath Singh emphasized the need for India's armed forces to stay alert and prepared amidst global volatility. Speaking at the Joint Commanders Conference in Lucknow, he called for advancements in space and electronic warfare capabilities and increased use of artificial intelligence. Singh highlighted ongoing conflicts and urged commanders to predict future challenges.

In 2024, Mumbai & Delhi are least affordable for residential investment

Economictimes.indiatimes.com 

The EMI-to-monthly income ratio in India has also risen from 46% in 2020 to 61% in 2024, indicating a growing burden of EMIs on home buyers and reflecting affordability concerns nationwide, especially metros, the report said. The trend is more pronounced in MMR (116%), New Delhi (82%), Gurugram (61%) and Hyderabad (61%). Cities like Ahmedabad (41%), Chennai (41%) and Kolkata (47%) are relatively more affordable.

Paris Paralympics: Can Harvinder Singh’s gold lift archery in India?

Economictimes.indiatimes.com 

Harvinder Singh's gold medal in para archery at the Paris Paralympics has the potential to transform the sport in India. His victory, along with recent successes by other Indian archers, could inspire more people to take up archery and attract corporate interest, boosting the sport's profile nationwide.

Protest in Shimla over 'illegal' mosque

Economictimes.indiatimes.com 

A massive protest erupted outside Sanjauli Masjid in Shimla, Himachal Pradesh, with BJP, Hindu organisations, and local residents demanding its demolition. The controversy divided the ruling Congress as a minister supported the demand. The mosque's legality was debated in the Himachal Pradesh assembly, highlighting alleged illegal constructions on Waqf Board land.

SC reserves verdict on Arvind Kejriwal's pleas

Economictimes.indiatimes.com 

The Supreme Court has reserved its verdict on Delhi CM Arvind Kejriwal's pleas for bail and challenging his CBI arrest in the Delhi excise policy case. Senior lawyer Abhishek Manu Singhvi argued that Kejriwal's arrest was an 'insurance arrest'. The CBI counsel contended that granting bail would demoralize the high court, but SC disagreed.

Trai pushes MeitY to act strongly to curb spam, phishing on OTT apps

Economictimes.indiatimes.com 

The OTT apps currently fall under MeitY's mandate in terms of regulatory compliance - not under The Telecom Regulatory Authority of India (Trai) and the telecom department. The latter have been taking several steps to check the menace of pesky calls and messages which are used to perpetrate financial fraud as well.

Teachers, parents must educate children on dignity of women: President Murmu

Economictimes.indiatimes.com 

President Droupadi Murmu, while presenting National Awards to teachers on Teachers' Day in New Delhi, emphasized the importance of educating children to respect women's dignity. She highlighted the role of teachers in creating compassionate and ethical individuals. The awards were given to 82 teachers from various educational institutions, each receiving a certificate, ₹50,000, and a silver medal.

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Football: Some players get less than one day off a week, union report says

Economictimes.indiatimes.com 

A report by global players' union FIFPRO highlights that the packed soccer calendar leaves players with as little as 12% of the year to rest. The lack of rest contravenes international health standards, with many players exceeding medical recommendations. FIFPRO is filing a complaint against FIFA's international match calendar for not prioritising player welfare.

Top government officials appear before Parliament's Waqf panel

Economictimes.indiatimes.com 

The Parliamentary panel reviewing the Waqf (Amendment) Bill was briefed on Waqf properties in Delhi and lands owned by the road transport and railways ministries. The Urban Affairs Ministry's presentation faced scrutiny over historical land acquisitions, with opposition members questioning the completeness of the information provided.

PM Modi must apologise for 'flawed' GST, note-ban too: Rahul Gandhi

Economictimes.indiatimes.com 

Congress leader Rahul Gandhi criticized Prime Minister Narendra Modi over the collapse of a Shivaji statue in Maharashtra, calling it an insult to the warrior king's memory. He also demanded apologies for flawed GST implementation and demonetisation, and highlighted issues in Manipur and alleged bias in government appointments.

Paris champs mustn't stumble at home

Economictimes.indiatimes.com 

Indian para-athletes have won 24 medals at the Paris Paralympics, surpassing their previous record. The contingent includes 32 women, the highest ever. Their success is attributed to organisational support, improved coaching, and sports science. This achievement highlights the need for better accessibility and support for differently-abled individuals in India.


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