Top headlines: Unemployment rate dips to 4.1%, FDI inflows take a hit

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Sebi likely to scrap small town-linked incentive for mutual funds

The Securities and Exchange Board of India (Sebi) is likely to scrap an incentive it allows fund houses for mobilising assets from smaller centres — called Beyond 30 (B30) in industry parlance. At present, mutual funds can charge up to 30 basis points over and above the total expense ratio (TER) on assets garnered from such places. Read more

Unemployment rate at 5-year low of 4.1% in 2021-22, shows PLFS data

India’s unemployment rate dropped to a five-year low in July-June 2021-22 to 4.1 per cent, according to the latest