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GST inclusion may double natural gas demand in seven years: Sanjay Kumar, GAIL
We are also hearing this that the excise duty on CNG may be considered for rationalisation by government because the other tax that is there on CNG is basically state VAT.
Financial inclusion index rises with growth across all segments: RBI
The Reserve Bank of India's FI-Index, which measures financial inclusion nationwide, rose to 64.2 in March 2024 from 60.1 in March 2023. This index reflects growth across all key parameters of financial inclusion. The index provides a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion.
Proxy debt plays may slow as JPM index inclusion progresses
Analysts predict the Centre will maintain or reduce the fiscal deficit target to 5% of GDP in the upcoming budget, as foreign investment in Indian government bonds surges post JP Morgan index inclusion.
Bond Street to see $2-3 billion foreign inflows a month after inclusion in JP Morgan Index
"We have a different profile spread across clients. There are real money clients who may be investing in India off-benchmark. Then there will be the passive index trackers who will be the regular ones coming each month and we may see some large allocations come in intermittently. So, around $2-3 billion per month is what we expect," Parul Mittal Sinha, head - financial markets, India & co-head, macro trading, ASA, Standard Chartered Bank, told ET.
Diversity skills are key to thriving in globalised modern workspaces
Employers seek individuals with diversity skills to promote inclusivity. Freshers must cultivate and leverage diversity skills. Diversity skills involve managing different people harmoniously. Sonica Aron and Piyali Bandopadhyay emphasize the importance of diversity skills in the workplace.
Not just employers with benefits! India Inc looks to be more to woo talent
Corporate India is offering new-age benefits, realizing that attracting and retaining talent requires more than just high salaries. Cos offer new-age perks like cash for self-development, health insurance for siblings and pet care to woo talent
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New committee to be set up to find inclusive solution to long-drawn Indo-Naga political issue
The PAC will comprise the council of ministers and legislature leaders of all political parties in the 14th Nagaland Legislative Assembly (NLA). There was a meeting on May 9 chaired by chief minister Neiphiu Rio.
Most clients set up to trade in Indian bonds before index inclusion: JP Morgan
India's upcoming inclusion in JP Morgan's GBI-EM Global Index Suite involves positive market feedback and enhanced accessibility for FPIs through Fully Accessible Route bonds, leading to increased interest from investors globally.
JPMorgan says India index inclusion on track, most clients ready
“Based on the annual Index Governance Consultation process, market feedback so far has been largely positive, with the majority of our index clients already set up to trade in the IGB market,” managing director Gloria Kim said in an emailed reply to questions.
Retik Finance sets 21st May 2024 as launch date
Retik Finance's upcoming launch on May 21, 2024, signifies a major advancement in the DeFi realm. With innovative products and strategic positioning, it aims to revolutionize the financial ecosystem, attracting investors and users alike.
Indians more confident of adapting to tech innovations at work than other nationalities: Indeed
India's workforce expects tech role shifts, with confidence in adaptation. Tomorrow's World report discusses AI impact. Survey highlights high tech optimism and focus on generative AI, diversity, and equity policies.
Fin inclusion, digital growth to drive payments bank momentum in India: Airtel Payments Bank CEO
Airtel Payments Bank CEO Anubrata Biswas is optimistic about the growth prospects of payments banks in India, driven by financial inclusion initiatives and rapid digital growth. Airtel Payments Bank has seen significant growth in users, revenue, and profits in FY24 and has nearly 500,000 banking points nationwide. The bank offers digital banking solutions and financial services targeting urban, rural, and business segments.
Foreigners flocking to India bonds make splash across market
Foreign investors have pumped roughly 780 billion rupees ($9.4 billion) into eligible sovereign bonds since JPMorgan Chase & Co.’s landmark announcement in September and are beginning to climb up the ownership list.
Global bond inclusion inflows help rupee buck EM currency losses
The rupee was broadly steady versus the dollar in the past two months, making it the sole developing-nation currency to avoid a decline as the greenback charged ahead during that period. The advance came as global funds pumped almost $5 billion into Indian bonds to position for the nation’s inclusion in global indexes in the coming months.
Jio Financial Services shares rise over 4% on inclusion in Nifty Next 50
Other than Jio Financial, Adani Power, Indian Railway Finance Corporation, Power Finance Corporation, and REC have been included in the Nifty Next 50 index, while Adani Wilmar, Muthoot Finance, PI Industries, Procter & Gamble Hygiene & Health Care, and Shriram Finance have been excluded.
Budget 2024: For sustained, inclusive growth, GoI must press down on twin pedals
India needs to grow at about 8% over the next three decades to be classified as a high-income country, according to the World Bank criterion. Crafting the right policy and providing required budgetary support is also critical if a wide section of the population has to benefit from growth.
Seat-sharing issues among INDIA partners will be resolved, coalition will win LS polls: Rahul
"I am very confident that the small problems of the INDIA bloc will be resolved and we will together fight the BJP in the election and defeat it," Gandhi asserted. His remarks came at a time when the constituents of the INDIA bloc are engaged in talks over seat sharing for the Lok Sabha polls, with Delhi, Punjab, Uttar Pradesh and West Bengal proving to be the sticking points among the partners.
Inclusive Leadership Training: Fostering Diversity and Equity
Fostering diversity and equity in the workplace has become an imperative for organizations seeking to thrive. Inclusive leadership training is a powerful tool for organizations seeking to create diverse, equitable, and inclusive workplaces. It empowers leaders to champion these values, resulting in a more engaged, innovative, and productive workforce.
Moscow format meet calls for inclusive govt in Kabul & ensuring women’s rights
India was represented at Friday’s meeting by its Moscow-based envoy Pawan Kapoor. ET was the first to report that India will participate in the Moscow format meet in Kazan on September 29.
Can the post-G-20 roadmap for Indian Crypto Asset Regulation achieve greater financial inclusion?
An important consensus from the New Delhi Declaration adopted by G20 leaders is that a global coordinated approach to crypto-asset regulation is required. A key challenge faced by regulators across jurisdictions when looking to supervise crypto-assets is the blurring of geographical boundaries.
RBI's composite financial inclusion index sees uptick with growth across all parameters
The index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion. "Index for the year ending March 2023 has since been prepared. The value of the FI Index for March 2023 stands at 60.1 vis-a-vis 56.4 in March 2022, with growth witnessed across all sub-indices," RBI said.
India to focus on sustainable, inclusive growth during its presidency: G20 Sherpa Amitabh Kant
India's G20 presidency will focus on sustainable and inclusive growth, according to G20 Sherpa Amitabh Kant. He stated that the New Delhi Leaders' Declaration will represent the voice of developing countries. The two-day summit, attended by leaders such as Prime Minister Modi, US President Biden, and German Chancellor Scholz, will address global challenges and foster inclusive growth.
We are more overweight in consumer tech within IT: Venugopal Garre
Now that primarily is the basis on which you want to be giving microcredits across the board and at that point of time, even larger banks can participate through those channels so which means for the economy you are getting low-cost funding, lower-cost funding than you would normally do for that set of an audience.
G20 Sherpas focusing on sustainable and inclusive growth, not on contentious issue: Amitabh Kant
As New Delhi faces the uphill task of building consensus on the outcome documents for the grouping's annual summit in September, India's G20 Sherpa Amitabh Kant said the immediate priority is to look at "ambitious" issues of development, growth, finance and digital transformation.
Fintech for Bharat: How FidyPay is looking to close the digital divide
For regional and rural India, the fruits of fintech are not very apparent or uniform when compared to an urban setup. FidyPay wants to change that.
Multilingual, inclusive Internet must for bringing on board next 1 billion users: Experts
The next one billion Internet users are likely to come from countries that speak and write in languages other than English
'As the world veers towards AI & more tech, empathetic women leaders will be in demand'
In her new book, Aarti Kelshikar reiterates that inclusion doesn't mean becoming a fraternity or club and organisations should look beyond traditional boundaries to help women.
India to pitch for issues relating to macroeconomic stability, inclusive growth at key G20 meetings
India is also hosting a conclave on Global Partnership for Financial Inclusion (GPFI) next month to which all the "friendly neighbouring" countries have been invited, people familiar with the matter said on Monday, indicating that Pakistan is not among the invitees for the conclave.
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