Rahul AgarwalIn its latest Monetary Policy Committee (MPC) meeting on December 5, the Reserve Bank of India kept key rates unchanged at 5.15 per cent (lowest in nine years, after five straight cuts with a cumulative 135 bps reduction this calendar year, to boost the country’s sagging economy.RBI retained its 'accommodative' policy stance, which suggests that this is a pause rather than an end to the loosening cycle, and it still has room for a rate cut. Core inflation, which excludes energy and food items, slid beyond a seven-year low of 3.47 per cent, which clearly indicates that there is hardly any demand for non-food items in the market.Close Usually, a rate cut helps revive economic growth as it allows retail customers to avail cheaper loans and works like a big booster for the large industrial sector, who will be able to avail bulk loans at lower interest rates. related news Reliance forms a base, recommend delta appreciating based … [Read more...] about Are the RBI’s repo rate cuts enough to reinforce GDP growth?
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Former prime minister Manmohan Singh on Saturday alleged that his successor Narendra Modi misled the people by making "lofty promises" which he "failed" to fulfil. Addressing a mega 'Bharat Bachao' (Save India) rally at the Ramlila grounds here, the Congress leader said Modi had promised to take the country's economy to USD 5 trillion by 2024, double farmers' income and provide two crore new jobs every year for youths."Six years ago, Narendra Modi showed lofty promises to people. Now it has been proved that all these promises were false and he has failed in fulfilling all the promises made and the people of the country were misled," he said.The rally was attended among others by top Congress leaders Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi, besides Congress chief ministers Kamal Nath, Ashok Gehlot, Bhupesh Baghel. However, Punjab Chief Minister Amarinder Singh was conspicuous by his absence.Close In his brief address, Manmohan Singh urged the people to strengthen the Congress … [Read more...] about Modi made false promises to people to mislead them six years ago: Manmohan Singh
The Indian benchmark indices are trading on a negative note with Nifty down 34 points at 11,807 while the Sensex shed 115 points and is trading at 39,471 level.Nifty Metal is down over a percent dragged by Jindal Steel & Power, JSW Steel, Tata Steel, Vedanta and NALCO.However, the PSU Bank index is outperforming all other indices, which jumped close to 2 percent led by Central Bank of India and Union Bank of India which jumped over 6 percent each followed by Bank of India, Canara Bank, IDBI Bank, Punjab National Bank and Syndicate Bank.Close "There are talks of privatization in the financial sector, and there could be some announcements regarding the same in the upcoming budget and/or also outside the Budget, over the course of the year. The government has already provided recapitalization to some of the PSU banks, and gradually seems to be going in for consolidation within the sector," said Sampath Reddy, CIO at … [Read more...] about D-Street Buzz: PSU banks rally led by Union Bank; SBI hits record high, Bharti Infratel slips 2%
RIP Cubicle: Inside The Innovative New Office Designs That Will Change The Way We Work For decades, the image of the American office was a grim one. Endless rows of cubicles; harsh, humming, fluorescent lighting; stiff task chairs that make your back ache just looking at them. Recently, though, there’s been a shift, with employers injecting best practices from the wellness industry into the workplace and seeing productivity skyrocket. advertisement advertisement Rachel Gutter, president of the International WELL Building Institute, has made it her mission to make wellness a central component of any office. Think of IWBI as a LEED rating for wellness, with buildings and offices awarded designations based on how they integrate employee wellness into the workplace. On this episode of Productivity Confidential, we sat down with Gutter to talk about why focusing on wellness can be the key to unlocking a company’s potential. HIGHLIGHTS FROM THE PODCAST: … [Read more...] about Productivity Confidential: Beyond The Cubicle – Design Thinking For The Office (podcast)
US President Donald Trump's limited trade deal with China removes a major hurdle for Apple and other technology stocks that have already surged this year to record highs.The so-called Phase One deal announced, but still not signed, on Friday suspends the planned imposition of new 15 percent tariffs on Sunday that would have hit USD 160 billion in Chinese consumer goods just weeks before Christmas, including USD 115 billion worth of iPhones, laptops and other electronics.The deal would also see the United States reduce existing tariffs on other goods. China has agreed to boost imports of US energy, pharmaceutical and agricultural products, although Chinese officials offered no details on the amount of US goods Beijing had agreed to buy.Close If it is signed, Trump's long-awaited deal will be a relief to Apple, among the US companies with the most to lose in the trade war between the world's two largest economies, along with chipmakers who make the components in its devices, which are … [Read more...] about Wall Street Weekahead: Trade deal removes major hurdle for rally in Apple and tech