Category: Business

Business

Rupee falls 2 paise to 83.95 against U.S. dollar in early trade

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Rupee falls 2 paise to 83.95 against U.S. dollar in early trade

File image. | Photo Credit: Reuters Rupee depreciated 2 paise to 83.95 against the US dollar in morning trade on Wednesday (August 28, 2024), weighed down by a muted trend in domestic equities. Forex traders said from a macroeconomic standpoint, the rupee’s downside appears well-contained, with the 84-level acting as a crucial support, likely bolstered…

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Business

Markets turn flat amid profit-taking, weak trends in Asian peers

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Markets turn flat amid profit-taking, weak trends in Asian peers

File. | Photo Credit: PTI Stock market benchmark indices turned flat after beginning the trade on a positive note on Wednesday (August 28, 2024) amid profit-taking in line with weak trends in Asian peers. The 30-share BSE Sensex climbed 128.81 points to 81,840.57 in early trade. The NSE Nifty went up by 30.4 points to…

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Business

Scrapping unemployment dole sparks protests, unrest in Rajasthan

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Scrapping unemployment dole sparks protests, unrest in Rajasthan

Jobless crisis: Prolonged protests forced the State to replace two job schemes with a new one — CM’s Fellowship Programme. | Photo Credit: AFP A decision by the Bharatiya Janata Party (BJP) government in Rajasthan, shortly after it came to power in December 2023, to discontinue the previous Congress regime’s Rajiv Gandhi Yuva Mitra Internship…

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Foreign tourist arrivals in India remain below pre-pandemic levels

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Foreign tourist arrivals in India remain below pre-pandemic levels

Foreign tourist arrivals in India have remained well below pre-pandemic levels, despite a recovery in 2023, and industry bodies feel that this is largely because of a lack of aggressive international brand marketing of Indian tourism and absence of tourism offices in key markets. The Federation of Associations in Indian Tourism and Hospitality (FAITH) and…

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Business

Port, dock workers’ unions defer indefinite strike proposed from August 28

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Port, dock workers’ unions defer indefinite strike proposed from August 28

Image used for representation purpose only. | Photo Credit: Prashant Nakwe Port and dock workers’ unions of major ports have deferred their indefinite strike proposed from Wednesday (August 28, 2024), official sources said on Tuesday (August 27, 2024). The decision came after an agreement between representatives of workers’ unions and ports management on workers’ demands…

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Business

Port, dock workers unions defer indefinite strike proposed from August 28

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Port, dock workers unions defer indefinite strike proposed from August 28

Image used for representation purpose only. | Photo Credit: The Hindu Port and dock workers’ unions of major ports have deferred their indefinite strike proposed from Wednesday (August 28, 2024), official sources said on Tuesday (August 27, 2024). The decision came after an agreement between representatives of workers’ unions and ports management on workers’ demands…

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Business

UPS a new scheme, not rollback as claimed by Congress, says Finance Minister

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UPS a new scheme, not rollback as claimed by Congress, says Finance Minister

Finance Minister Nirmala Sitharaman said the new pension scheme is better and will satisfy most government employees. | Photo Credit: ANI Accusing Congress of spreading misinformation, Finance Minister Nirmala Sitharaman on Tuesday (August 27, 2024) said the newly launched UPS is a new pension scheme and not a rollback. “It is not a rollback… it…

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Business

Unified Pension Scheme: How does it differ from the Old and New Pension Scheme?

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Unified Pension Scheme: How does it differ from the Old and New Pension Scheme?

The story so far: Fulfilling a long-standing demand of government unions, the Centre on Saturday (August 24, 2024), unveiled a new ‘Unified Pension Scheme’ (UPS) assuring government employees half their last drawn salary as a lifelong monthly benefit. The UPS, which has been approved by the Union Cabinet, has several other features benefiting pensioners, such…

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Business

Markets settle almost flat in volatile trade; Nifty hits lifetime high

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Markets settle almost flat in volatile trade; Nifty hits lifetime high

File. | Photo Credit: PTI Stock market benchmark indices Sensex and Nifty ended on a flat note after a volatile session on Tuesday (August 27, 2024) due to the emergence of profit-taking amid rising geopolitical tensions in the Middle East and Ukraine. The NSE gauge, however, hit a new lifetime peak of 25,017. After oscillating…

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