Page 175 - Finance News
Indian rupee likely to miss Fed pivot-fueled emerging market rally
The move was in line with the rupee's recent underperformance as the currency has failed to gain from the dollar's broad slump
 "Indian rupee likely to miss Fed pivot-fueled emerging market rally")
What is the new Unified Pension scheme and how is it different from NPS?
The Unified Pension Scheme aims to balance fiscal policy with employee benefits and combines a defined benefit pension similar to the Old Pension Scheme with the contributory nature of the NPS
 "What is the new Unified Pension scheme and how is it different from NPS?")
Rupee appreciates 10 paise to 83.80 against US dollar in early trade
On Friday, the rupee traded in a narrow range and settled higher by 3 paise at 83.90 against the American currency
Indian bonds, rupee to gain after Powell greenlights interest rate cuts
Most Asian currencies also gained, aided by broad-based weakness in the greenback, as market participants positioned for the start of interest rate cuts in the United States
 "Indian bonds, rupee to gain after Powell greenlights interest rate cuts")
Cabinet nod to assured 50% of salary as pension for central govt employees
Existing as well as future employees will also have an option of joining the New Pension Scheme (NPS) or UPS
 "Cabinet nod to assured 50% of salary as pension for central govt employees")
US Federal Reserve preferred price gauge is set to reinforce rate cuts
Economists see the personal consumption expenditures price index excluding food and energy - the Fed's preferred measure of underlying inflation - rising 0.2% in July for a second month
 "US Federal Reserve preferred price gauge is set to reinforce rate cuts")
Shaping a better tomorrow: Loan distribution set for major overhaul
The Financial Stability Report of June 2024 has it that delinquency levels among borrowers with personal loans below Rs 50,000 remain high
 "Shaping a better tomorrow: Loan distribution set for major overhaul")
Unified Pension Scheme: U in UPS stands for Modi govt's U-turns, says Cong
Congress's swipe came a day after the Union Cabinet approved an assured pension of 50 per cent of salary for those who joined the service after January 1, 2004
 "Unified Pension Scheme: U in UPS stands for Modi govt's U-turns, says Cong")
FM tells officers to effectively implement GST, keep positive attitude
Sitharaman said, "GST offices are being made convenient since 2019... This will help taxpayers to easily get their problems resolved."
 "FM tells officers to effectively implement GST, keep positive attitude")
Ibbi guidelines for CoC need monitoring mechanism, say IBC experts
Earlier this month, the insolvency regulator introduced guidelines for CoC that steer the insolvency resolution process to stem the value erosion that occurs due to delays and bring more transparency
 "Ibbi guidelines for CoC need monitoring mechanism, say IBC experts")
'Domestic family offices not stopped from setting up funds in GIFT City'
The clarification comes in the wake of a recent debate on social media claiming that Indian regulators have stopped allowing local family offices to set up investment funds in its new finance hub
 "'Domestic family offices not stopped from setting up funds in GIFT City'")
India's forex reserves jump by $4.54 bn to $674.66 bn as of August 16
In the previous week, the forex kitty had dropped by USD 4.8 billion to USD 670.119 billion. On August 2, the overall reserves hit an all-time high of USD 674.919 billion
 "India's forex reserves jump by $4.54 bn to $674.66 bn as of August 16")
Rupee rises 5 paise to 83.88 against US dollar in early trade on Friday
At the interbank foreign exchange market, the local unit opened at 83.93 and then gained ground and touched 83.88, registering a rise of 5 paise from its previous close
Govt to appoint new external members to MPC ahead of crucial rate meeting
The selection panel, comprising the governor of the Reserve Bank of India and government officials, will recommend probable candidates in the next two weeks
 "Govt to appoint new external members to MPC ahead of crucial rate meeting")
Rupee to inch up, traders await cues from Powell on interest rate cuts
The rupee has been a laggard in Asia, not benefitting from the increased confidence of the Fed cutting rates at each of the remaining three meetings this year
 "Rupee to inch up, traders await cues from Powell on interest rate cuts")
What US Fed does today, world central banks need not do tomorrow
The trend of central banks following their American counterpart's lead is not always certain
 "What US Fed does today, world central banks need not do tomorrow")
Fema tweaks on the cards to allow FPIs to seamlessly access FDI route
This move comes in response to several requests from foreign investors seeking to simplify the reporting requirements they currently face when exceeding the 10 per cent threshold
 "Fema tweaks on the cards to allow FPIs to seamlessly access FDI route")
GST rate panel for keeping current 4-slab tax structure 'for now'
Asks fitment panel to submit findings on potential impact of rate changes to Council at Sep 9 meet
 "GST rate panel for keeping current 4-slab tax structure 'for now'")
Despite operational risks, data shows digital payments cruising ahead
In this context, Business Standard takes a look at how digital payments in India have evolved over the years.
 "Despite operational risks, data shows digital payments cruising ahead")
PSUs set to issue long term bonds worth Rs 5,000 cr to meet investor demand
None of the companies replied to Reuters emails seeking comments. The merchant bankers did not want to be named because they are not authorized to talk to media
 "PSUs set to issue long term bonds worth Rs 5,000 cr to meet investor demand")