ENS ECONOMIC BUREAU

A source said that one bus arrived shortly after landing and carried a section of the passengers to the terminal with the second one only arriving around 45 minutes later.

SBI’s net interest income (NII), or the difference between interest earned and expended, rose 13 per cent y-o-y to Rs 31,196 crore. The domestic net interest margin (NIM) fell 17 basis points (bps) sequentially to 3.23 per cent.

Rao had on Saturday said that he would boycott the meeting to protest “the Centre’s attitude”, and objected to Prime Minister Narendra Modi “dismissing welfare schemes as freebies”, marking the latest in a series of his attacks on the BJP-led Central government.

Public sector lenders including Bank of Baroda (BoB), Punjab National Bank (PNB), Union Bank of India, as well as private sector ICICI Bank on Saturday raised their repo rate-linked lending rates.

Das said these developments pose a greater risk for emerging market economies (EMEs) as they will have to contend with both “domestic growth-inflation trade-offs and spillovers from the most synchronised tightening of monetary policy worldwide.”

Das says domestic fundamentals strong, inflation will dip to fice per cent in Q1 FY’24

Passengers on certain IndiGo flights will be able to leave the aircraft through three — instead of the usual two — doors. IndiGo says this will make the process faster.

The markets regulator has also appointed Chokshi & Chokshi LLP, a chartered accountant firm, as the forensic auditor, two Future Group companies informed the stock exchange in separate statements.

In its 2022 External Sector Report, the IMF also said: “Structural reforms could deepen integration in global value chains and attract FDI...” 

A showcause notice has been issued to the company for misdeclaration that resulted in alleged wrongful availment of ineligible duty exemption benefits by Vivo India, amounting to Rs 2,217 crore. Queries sent to Vivo India by The Indian Express were unsanswered by press time.

The block deal comes after the one-year lock-in-period for pre-IPO shareholders of Zomato ended on June 23. 

The airline has been bleeding and needs heavy capital infusion. “The new promoters would need to inject a large amount of capital to revive the business. In this context, the equity has little value,” an analyst explained.

Imports, however, surged 43.6 per cent in July to $66.3 billion, driving up the trade deficit to a fresh monthly peak of $31 billion.

The central bank had in April 2021 announced that it will form the index for measuring financial inclusion, which is the focus area for the government, central bank and other regulators.

Sajjid Chinoy said with every one rupee depreciation of the dollar-rupee rate, inflation picks up by 8-10 basis points and even though the pass through effect of the exchange rate movement on inflation is higher than expected, it is not completely driving the inflation rate.

The tax on export of diesel was cut to Rs 5 per litre from Rs 11, while that on aviation turbine fuel was scrapped, a notification issued by the Finance Ministry stated.

To understand the many facets of the rupee’s journey, join The Indian Express for a decluttering Explained session on August 2 at 6:30 PM with Sajjid Chinoy, JP Morgan’s Chief India Economist, who is also a Part-Time Member in the Prime Minister’s Economic Advisory Council (EAC-PM).

The rupee has gained 138 paise or 1.73 per cent against the US dollar in the four days to Tuesday to regain the 78-level.

Prior to this, GST collections had recorded the highest-ever level of Rs 1.68 lakh crore in April 2022 for year-end sales in March.

This is the sixth time that the monthly GST collection crossed the Rs 1.40-lakh-crore mark since the inception of GST and fifth month at a stretch since March 2022, the ministry said in a statement.

You still have until December 31, 2022 to file ‘belated’ ITRs for FY 2021-22, along with a penalty of Rs 5,000 if your total annual income is more than Rs 5 lakh. If it is less than 5 lakh, the penalty will be Rs 1,000.

Among other decisions, the Employees’ Provident Fund Organisation (EPFO) launched a face authentication facility to allow its 72 lakh pensioners to submit digital life certificates from any location.

According to data collated by primeinfobase.com the domestic retail holding (individuals holding up to Rs 2 lakh) also stood strong in April-June despite the Sensex witnessing a fall of nearly 15 per cent in the quarter from its closing on March 31, 2022.

Twitter transparency report for Jul-Dec 2021: India also second in asking info of users

The four-year revival strategy follows a 2019 booster, when the government had announced a Rs 70,000-crore package mainly to cover a voluntary retirement scheme for BSNL employees.