Top headlines: FDI equity inflow contracts, no increment for Flipkart execs

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No increments for Flipkart's 4,500 senior personnel this cycle

Flipkart will not be handing out increments to its senior leadership in the Grade 10 and above category — that includes roles as diverse as managers to vice-presidents — in a ‘difficult decision’ that is likely to impact 4,500 personnel. Read more

RBI MPC minutes show deepening concerns over inflation pressures

The minutes of the Monetary Policy Committee (MPC)’s Feb 6-8 meeting showed an increasing degree of concern among most members over persistent inflationary pressures, with the rate-setting panel largely flagging stubbornly high core inflation. At the conclusion of the meeting on February 8, the six-member MPC announced a 25-basis-point hike in the repo rate to 6.50 per cent, taking the total quantum of tightening since May 2022 to 250 basis points. Read more

Govt mulling fresh bid for one vacant slot in advanced cell PLI

The government is considering the option of inviting fresh applications to bid for the fourth slot which fell vacant after one of the initial candidates who qualified, Hyundai Global Motors, exited from the production linked incentive (PLI) scheme for advanced chemistry cell battery storage with a capacity of 20 GWH. Read more

FDI equity inflow contracts 15% to $36.7 billion in Apr-Dec: Govt data

Foreign direct investment (FDI) in equity during the first three quarters of this fiscal year declined 15 per cent year-on-year to $36.75 billion, according to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday. Read more

MeitY invites proposals to estimate the size of India's digital economy

The Ministry of Electronics and Information Technology (MeitY) on Wednesday invited proposals to take up the task of estimating the size of India’s digital economy as well as the rankings and measurement of the share of the states in this area.

Interested parties may work on creating a digital economy measurement framework. They may also need to come up with measurements and projections of the size of the digital economy for states along with rankings of states based on the size of their digital economies. Read more