Economy
LIC chief calls for joint efforts to address protection gaps
For an emerging economy, protection gaps may pose multiple problems, according to LIC
RBI hints at moves to ease capital controls
RBI's Sankar said from a macroprudential perspective, it needs to be considered whether FAR should be linked to index inclusion
After Air India, govt to disinvest BPCL, float LIC IPO by last quarter of FY22
Bharat Petroleum Corporation Ltd (BPCL) is another company that is on the divestment list of the government
Edible oil duties slashed to curb prices
The government has reduced the basic customs duty and agricultural cess on certain edible oils till March 31, 2022 to soften prices
India looks at close to double digit growth this year: Sitharaman
'As regards the growth of India, we are looking at near close to double-digit growth this year and this would be the highest in the world'
Inflation at 5-month low
Meanwhile, the IIP for the month of August went up to 11.9 per cent
Nifty Retreats after hitting 18K
The index finally closed at 17,945.95 up 50.75 points or 0.28 per cent
Re, bonds come under pressure
The rupee finally settled at 75.36 a dollar, a level not seen since July 14, 2020
Diesel crosses Rs 100/litre mark in Mumbai, petrol touches Rs 110
Petrol price was hiked by 30 paise per litre and diesel by 35 paise a litre
Insurers pruning branch networks
The government's focus has now shifted more towards consolidation and profitability than expansion, and hence, the restructuring exercise