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Pace Of Road Construction In India Could Go Up 25% By Next Year
Pace of road construction is expected to go up to 32 to 34 km a day by the end of this year and 34 to 36 km a day in 2024-25, at which point, some 12,500-13,000 km of roads will be added annually.
India's First Semiconductor Chip Company Starts Production
Delhi-based Sahasra Electronics is set to commercially launch the first Made in India memory chips next month. The present semiconductor project got going on January 21 and test runs have been taking place since March.
US Banking Industry Braces For Downgrades As Indian Banking Industry Gets Upgrades
A Fitch Ratings analyst has warned that the U.S. banking industry is facing the risk of sweeping rating downgrades on dozens of banks that could even include the likes of JPMorgan Chase
India Joins The Global Manufacturing Subsidy Race
The Indian Government is rolling out subsidies for semiconductor and mobiles phone manufacturing and light engineering goods, through Productivity Linked Incentives or PLI schemes
Private Banks And Their Customers Grapple With Massive Attrition
India's private banks are witnessing a spike in attrition rates, especially among younger, frontline staff. According to reports, lenders are seeing one in three entry level staff quitting in a year.
The RBI Does A Sleight Of Hand
The RBI has asked all scheduled banks to maintain an Incremental Cash Reserve Ratio of 10% with effect August 12 which is meant to absorb surplus liquidity in the system
The Reserve Bank Must Address Food Inflation
The RBI had said that "The recent spike in tomato prices on account of crop damage due to inclement weather and pest attacks in the major production belts has received widespread attention as it has taken a toll on households' budgets."
Wheat Prices Swing Up To A Six Month High
Wheat's price rising to a six month High is due to robust demand ahead of the festival season, News agency Reuters has reported quoting dealers
