Economy News ( English version)

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  • Compensation gap between private & public sector widens in FY23 May 22, 2024
    Total compensation of employees working with private corporations increased to 13.5% of the GDP in FY23 from 12.8% in the previous year while households, which largely represent the informal sector, saw their wages rise to the highest level in nine years to 8.5% of the GDP in FY23 from 8.4% in FY22.
  • RBI's Rs 2.1 lakh crore payout: When it all adds up to deliver a windfall to govt May 22, 2024
    At a time when some of the central banks in the advanced world have reported losses and negative equity, RBI will hand over a dividend cheque of more than ₹2.1 lakh crore to its sole owner, the government.
  • Rs 2.1 lakh crore: RBI’s record dividend swells govt coffers May 22, 2024
    The benchmark bond yield retreated below 7% on expectations that New Delhi would now need to borrow less this fiscal year. “The higher dividend is welcome, of course,” finance secretary TV Somanathan told ET. “It exceeds our estimate by 0.2-0.3% of GDP.” In the interim budget, North Block had factored in receipts of Rs 1.05 lakh crore under dividends and pro […]
  • RBI buys 1.5 times more gold in January-April than whole of 2023 May 22, 2024
    The Reserve Bank held 827. 69 tonnes worth of gold as a part of its foreign exchange reserves as of April 26,2024, up from 805 tonnes as of end December according to the latest Reserve bank of India data.
  • Net financial savings rose to 6% in FY24: Goldman Sachs May 22, 2024
    The global investment bank’s research unit noted that gross financial savings are expected to outpace the increase in household financial liabilities in FY24.

 

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