SEPTEMBER 2023
220,000 flexible jobs created in 2023-24: ISF report
“The staffing industry also continued to demonstrate QoQ (quarter-on-quarter) growth of 2.3% in Q4 FY24, adding 30,000 new flexi employment opportunities. The market witnessed a significant improvement across most sectors," said Lohit Bhatia, president, ISF.
Amid rains, water level in India's main reservoirs rise for first time since September 2023
According to the bulletin, out of the 150 reservoirs, 20 are dedicated to hydroelectric projects, with a total live storage capacity of 35.30 billion cubic meters (BCM). The CWC bulletin on July 4 said the live storage available in these reservoirs was 39.729 BCM, which is 22 per cent of their total live storage capacity.
Judge delays Donald Trump's hush money sentencing to September 18
Trump faces an uphill battle getting the hush money conviction overturned, since much of the conduct at issue in the case predated his time in office. Trump's lawyers on Monday asked Justice Juan Merchan to allow them to argue his conviction in New York state court in Manhattan should be overturned due to the U.S. Supreme Court's ruling on July 1 that presidents are entitled to immunity from criminal prosecution for official acts.
PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, NSC, other small savings schemes' rates announced for July-September 2024 quarter
Latest Post Office Schemes interest rates: The government has announced that it will keep the interest rates unchanged for small savings schemes for July-September 2024. These schemes include the Public Provident Fund, Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposits (POTD), Mahila Samman Savings Certificate, and Post Office Monthly Income Scheme (POMIS).
EPFO gross new members addition dips 4% to 1.09 crore in 2023-24: MoSPI report
The gross addition of new members was affected due to the pandemic and declined from 1,10,40,683 in 2019-20 to 85,48,898 in 2020-21. It bounced back to 1,08,65,063 in 2021-22.
Know all about the Telecom Act which came into effect on June 26
(DoT) initiated the process in July 2022 and a draft Bill was put out for consultation in September that year. During the consultation process, 60 ministries, 35 associations, 89 companies including seven telcos and internet service providers, and over 700 other entities responded. The Bill was introduced in the Lok Sabha on December 18, 2023, and was passed by the Lower House of Parliament on December 20, 2023 and the Rajya Sabha on the following day.
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India Inc's CSR spends on sports likely to surge in next few years
The foundations of several companies, such as the Reliance, Tata Steel, JSW, Hindustan Zinc and SKF India, have been supporting sports as part of their corporate social responsibility (CSR) commitments. However, the data on whether there has been an increase in the CSR spend on sports and by which companies is not available. This is due to an MCA notification in September 2022 that no longer requires companies to disclose details of their CSR spends but only the total spends towards CSR.
PFRDA to introduce new life cycle fund option by September
Life cycle fund provides an option of investment to subscribers and allocation of equity and debt depends on the option chosen by them. There are different investment choices (Auto/Active) for tier-1 and tier-2 National Pension Scheme (NPS) accounts.
Balasore Crash: Three officials charged in 2023; Case still stuck
In September of last year, the Central Bureau of Investigation (CBI) filed a charge sheet against three Railway employees—two engineers and a technician—in relation to the June 2 train accident in Balasore, which resulted in the deaths of over 290 people. However, the case is still pending before the trial court.
Brand-new space telescope launched in 2023 has 'damaged doors', says NASA
Observational plans around an expensive and state-of-the-art space telescope launched just last year in September, has now taken a back seat, as one of the aperture doors that covers a crucial instrument has stayed jammed for long. NASA is currently contemplating backup options around the issue, say reports.
Over 40 pc ads in Cricket World Cup 2023 promoted smokeless tobacco brands: Study
According to the study conducted by a group of experts from the Indian Council of Medical Research (ICMR) and Vital Strategies, of the total 41.3 per cent surrogate advertisements of smokeless tobacco (SLT) brands, 39.9 per cent were telecast during India's matches and 37.8 per cent during matches featuring one or both teams from South Asia (Afghanistan, Bangladesh, Pakistan and Sri Lanka).
FY24 GDP growth at 8.2 pc great news for India: Panagariya
Arvind Panagariya, the chairman of the 16th Finance Commission, praised India's GDP growth rate of 8.2% for the fiscal year 2023-24, calling it "great news for India." However, the National Statistical Office (NSO) reported that India's economy grew at a four-quarter low of 7.8% in the March quarter. The GDP growth rate for the fiscal year 2023-24 surpassed the 7% recorded in the previous fiscal year. ICRA Chief Economist Aditi Nayar noted a sequential slowdown driven by investment activity, while PHDCCI President Sanjeev Agrawal highlighted the growth as a reflection of efforts towards "Viksit Bharat by 2047."
Meet Major Radhika Sen: The Indian peacekeeper championing gender equality in UN Missions
Major Radhika Sen of the Indian Army, deployed to MONUSCO in the Democratic Republic of Congo, is set to receive the UN Military Gender Advocate of the Year Award. This prestigious award recognizes her outstanding contributions to promoting gender equality and women's empowerment in United Nations peacekeeping operations. Major Sen's work has had a significant impact on local communities in the DRC, setting a high standard for future peacekeeping missions.
IMD predicts 106% rainfall of long period average during June-September monsoon season
The southwest monsoon is expected to make onset over Kerala around May 31 against the normal date of June 1 and “its advance soi far has been near normal and conditions will continue to be favourable for its onset over Indian mainland,” said Mrutyunjay Mohapatra, director general of meteorology, IMD.
India's cotton exports may rise 27% to 28 lakh bales in 2023-24 season: CAI
The estimated cotton consumption until April 2024 is 192.50 lakh bales, and the export is estimated to be 21.50 lakh bales.
Evaluation of infrastructure requirements for achieving $1 trillion exports by August-September: Official
A study by the Asian Development Bank is underway to assess infrastructure needs and identify industry clusters to achieve India's USD 1 trillion merchandise export target by 2030. In 2023-24, exports dipped to USD 437 billion and imports to USD 675.4 billion. Investments in roads, ports, airports, and railways are crucial for handling the projected USD 2.5 trillion trade. Key sectors expected to drive export growth include electronics, pharmaceuticals, and marine products, with clusters in Chennai, Bengaluru, Gujarat, Odisha, and West Bengal.
UPSC CSE 2023 top 10 rank holders list announced: Aditya Srivastava gets first rank
UPSC Topper: The Union Public Service Commission (UPSC) has released the final results of the Civil Services Examination (CSE) 2023. Candidates who underwent the personality test can access their results on upsc.gov.in. With 1,105 positions up for grabs, the selection process was rigorous, beginning with the preliminary exam on May 28, 2023. The final merit list, based on combined scores, will determine candidates' rankings and recommended services.
Digital payments rise 10.94 pc annually at September-end 2023: RBI data
RBI's Digital Payments Index (RBI-DPI) stood at 418.77 at end-September 2023 compared to 377.46 in September 2022 and 395.57 in March 2023. The index comprises five broad parameters that enable the measurement of the depth and penetration of digital payments in the country over different periods.
MSMEs’ share in exports 45.56% till Sept’23: Govt to Parliament
The share of MSME products in India's exports increased from 43.59% in FY23 to 45.03% in FY22, with a growth from 49.35% in 2020-21 to 49.77% in 2019-20. The share of MSME manufacturing gross value added (GVA) in India's manufacturing GVA also increased from 40.3% in FY21 to 40.83% in FY22. The number of MSMEs registered in India has reached 3.16 crore, with an employment record of 15.5 crore as of December 6, 2023.
Retail sales grows by 9% in September 2023
According to a survey by the Retailers Association of India (RAI), retail sales in September 2023 increased by 9% compared to the same period in 2022. The growth was seen across regions, with the Southern region experiencing a 13% year-on-year growth. The West, East, and North regions saw growth rates of 8%, 7%, and 6% respectively.
EVs launched in India in September 2023. Full list
Last month, several electric vehicles were launched in India, including cars and two-wheelers. Tata Motors launched the 2023 Nexon EV facelift, which comes in two versions with prices ranging from Rs 14.74 lakh to Rs 19.94 lakh. BMW introduced the iX1, the costliest EV launched in September, with a driving range of 440 kilometers. Electric One unveiled two new electric scooters, the E1 Astro and E1 Astro Pro, priced at Rs 99,999 and Rs 1,24,999 respectively. mXmoto launched the mXv ECO scooters starting at INR 84,999, and the Aventose S110 was designed for fleets and delivery personnel.
National Coffee Day 2023: Free cup of coffee, all deals. Details here
National Coffee Day 2023 is here and coffee lovers in the US can grab for free or avail lucrative deals.
September Bank holiday 2023: Banks to remain closed for 16 days across various states, check full list here
Bank Holidays in September, 2023: There will be 16 bank holidays in September across different states in India, according to the Reserve Bank of India holiday list. Check state-wise bank holiday list in September 2023 here.
MF nomination, small savings schemes, investing in higher interest rate FD: 5 important financial deadlines that end on September 30
There are only two weeks left in September. In September, there are various financial deadlines. Here are 5 changes and deadlines to be aware of that fall on September 30, 2023.
New Moon September 2023: Timings, when to watch in US?
New Moon will be visible on Thursday night in the US. New Moon is different from that of full moon.
Apple September Event 2023: What to expect from Cupertino this year
Apple is set to launch new Watch models and iPhones at its upcoming tech event on September 12. The second-generation Apple Watch Ultra is expected to feature an upgraded processor, while the Watch Series 9 may see improvements in display and a new processor.
Janmashtami bank holiday: In which states are banks closed for Janmashtami?
Banks in various states across India will be closed on September 6 and 7 for Shri Krishna Janmashtami, according to the Reserve Bank of India (RBI) holiday calendar.
7 money changes in September; Changes in credit cards, small savings rules, Aadhaar free update, Rs 2,000 exchange deadlines
Changes in credit cards, small savings rules, Aadhaar free update, Rs 2,000 exchange deadlines. Here is a look at seven money changes in September you should know.
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