Sensex Today | Share Market Live Updates : Asian markets down, Gift Nifty flat, signal muted start for market in India
Sensex Today | Share Market Live Updates : Foreign institutional investors (FIIs) net sold shares worth ₹2,051.09 crore, while domestic institutional investors (DIIs) bought ₹2,260.88 crore worth of stocks on March 18, provisional data from the NSE showed. Key Points
MintDA hiked to 50%, HRA, other components to rise: How much will salary increase for central government emplo
What happens when DA reaches 50%? The central government has recently increased dearness allowance by 4%. With this, DA will be hiked to 50% from 46% from the central government employees. Similarly, DR will be increase by 4% to 50% for the central government pensioners. As DA hits 50%, certain other allowances and components will also go up. So, overall take-home salary of the central government employees will increase significantly. How much will salary increase for central government employees, pensioners? Find out here Key Points
Economic TimesNew Vice-President’s Enclave finally ready, old residence to make way for office complex
CPWD completed construction of Vice-President’s enclave in January. Secretariat initiated move to enclave located adjacent to North Block. Key Points
ThePrintFrom Ambanis to Birlas: List of business leaders invited for Ram temple ceremony
The Ram temple consecration ceremony will begin on January 22 at 12.20 pm and is expected to end at 1 pm. Key Points
Hindustan TimesCUREC 2023 exam date announced, check notice here
CUREC 2023 exam date has been announced. The official notice is given here. | Competitive Exams Key Points
Hindustan Times
central Vista project isn't revenue wasted. It will demolish symbols of colonial rule
Many government offices are currently in more than 100 rented buildings in New Delhi. They pay an annual rent of around Rs 1,000 crore. Key Points
ThePrintLower interest rates forecast for 2024, but geopolitical tensions can keep monetary policy on its toes
Globally, the tone of monetary policy has also become less hawkish, suggesting that the most challenging phase of the cycle of increasing interest rates is now behind. This positive development has opened up the possibility of interest rate softening in 2024 to support economic growth. Key Points
Business TodayIs the 'Big Ease' coming in 2024 or will rate-cut hopes get dashed?
As 2024 approaches, central banks in major developed economies are expected to shift away from aggressive rate hikes that dominated 2023. The Bank of Japan remains an outlier with no imminent shift from its negative rates policy. A favorable turn in inflation trends, moving closer to the 2% target, is allowing central banks to ease policy, with interest rate cuts anticipated in 2024. Key Points
Economic TimesGoldman sees India to Australia easing policy earlier after Fed
Central banks across the Asia-Pacific, including India, are poised to adjust interest rates earlier than expected due to the Federal Reserve's swifter easing cycle. Goldman Sachs predicts rate cuts starting in the second and third quarters of the upcoming year for Indonesia, Taiwan, India, Australia, and New Zealand, yet foresees milder adjustments compared to the Fed's anticipated cycle. Key Points
Economic Timescentral Vista transport plan in the works
The housing and urban affairs ministry will soon hire a consultant to advise it on the mode of transportation to be adopted. Technical evaluation is under process and a consultant would be selected soon, the official said. central Vista refers to the main administrative area of India, stretching from the Rashtrapati Bhavan to India Gate, including Parliament House and North and South Blocks, among others. Key Points
Economic Times
Israel-Hamas war: Protesters seeking Gaza ceasefire shut New York's Grand Central
Several people thronged New York's Grand central Terminal and staged a demonstration, demanding a ceasefire in the Israel-Hamas war. The protest resulted in Grand central being shut. Key Points
India TodayGood Morning America's Summer Concert Series 2023: BTS member Jung Kook part of impressive line-up
BTS member Jung Kook will kick off the annual Summer Concert Series on July 14 in central Park. The line-up includes Carly Rae Jepsen, Fitz and the Tantrums, Hozier and more. The tickets are available on the website of Good Morning America. Key Points
Economic TimesTop central bankers see further tightening to counter inflation
Although policy is restrictive, it may not be restrictive enough and it has not been restrictive for long enough, Federal Reserve Chair Jerome Powell said at a conference at the Portuguese resort of Sintra. His comments on inflation were largely echoed by Bank of England Governor Andrew Bailey and European central Bank President Christine Lagarde, both of whom said they expect more moves. Key Points
Economic TimesRBI in talks with leading global peers to promote digital rupee payments
Barely months before unveiling the CBDC pilot in both retail and wholesale segments, the central bank allowed rupee settlement for international trade as a step towards internationalisation of the rupee. Banks from 18 countries have opened rupee vostro accounts since July last year, helping their importers settle payments in the rupee. Key Points
Economic TimesIndia funding costs surge to one-month high on cash squeeze
The weighted average call rate, an overnight funding cost rate that the central bank monitors, have climbed almost 30 basis points since the start of the year. At 6.78% on Wednesday, its just hovering above the upper band of the Reserve Bank of Indias interest-rate corridor of 6.75%. Key Points
Economic Times
Global central banks nearing ‘prolonged pause phase’, but not as yet
After the synchronised hikes of last year, the past few months saw diverging monetary policies. While China, Vietnam cut their policy rate, several Asian central banks paused while the US, EU, UK continued to hike. Key Points
FinancialexpressAsian shares, dollar wobble on caution before central bank meetings
By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks inched lower on Thursday, while the dollar clung to overnight gains in cautious trading as U.S. Federal Reserve policymakers reiterated their Key Points
ThePrintTracing the path of China’s diplomacy in central Asia, and where India stands
For years, Beijing has worked hard to develop its interests in central Asia, and the Ukraine war has given it an opportunity to perhaps nudge Russia out of its traditional sphere of influence. India’s engagement with this critical region remains focussed primarily on security concerns. Key Points
The Indian ExpressAAP being targeted, corruption allegations against Sisodia are made up, says Kejriwal
Delhi Chief Minister and Aam Aadmi Party leader Arvind Kejriwal held a press conference and accused the central government and Prime Minister Narendra Modi of targeting his party with false charges. Kejriwal stated that agencies have falsely implicated the Deputy Chief Minister on corruption charges and there is no evidence of the alleged Rs 100 crore in bribes. The CBI had arrested Manish Sisodia in February on corruption charges relating to Delhi's new liquor policy of granting licenses to traders favored by the AAP government. Kejriwal emphasized that the policy would have curbed corruption in the business. Key Points
Economic TimesTaiwan central bank unexpectedly raises rates, cuts GDP forecast
International Business News: Taiwan's central bank surprised the market by raising benchmark discount rates from 1.75% to 1.875%, with the move primarily motivated by inflation co Key Points
Times Of India
Bitcoin climbs to 9-month high as bank turmoil sparks rally
The biggest cryptocurrency rose as far as $28,567, its highest since mid-June, and was last up 0.9%, amid growing expectations that central banks would slow the pace of interest rate hikes. Key Points
The Indian ExpressCrude oil edges up on historic Swiss banks deal, central banks support
Brent crude futures rose 35 cents, or 0.5%, to $73.32 a barrel by 0007 GMT after a near 12% loss last week, its biggest weekly fall since December. Key Points
Financialexpress