Reserve Bank of India can increase interest rates by 0.5 points percentage

Reserve Bank of India can increase the repurchase rate by 0.5 sharp percentage points and increase the cash reserve ratio at the meeting of its monetary policy committee from 6 to June 8, taking the tariff where it lent to commercial banks to 4.9 percent, mostly Economists surveyed by business newspapers said. This will follow the increase in the cycle in the repo level and cash reserve ratio in early May.

Why is it important: consumer price inflation remains above the tolerance limit of the Bank of India Reserve by six percent since January, forcing the central bank to raise the benchmark interest rate to tame excessive price increases that can thwart the Indian economic recovery.

EPFO considers to increase the equity investment limit to 25%

Employee provider fund organizations are considering proposals to increase their investment limits in equity by 25 percent of the additional flow of 15 percent available. The Investment and Financial Audit Committee met almost two weeks ago to discuss this issue. The proposal will be taken at the Supervisory Board meeting in the last week of June. Suggestions will then be sent to the Ministry of Manpower and Finance for approved.

Why this is important: a higher exposure to stocks will help retirement agents bridge shortages in returns because investment in debt securities is struggling to help achieve the target.

Electric vehicles to ride automatic capex around RS 70,000 Crore in five years

Car makers and additional suppliers will spend a combination of 70,630 crores for the next five years to enter the electric vehicle segment or increase their presence in it. Electric push is expected to produce at least 25 electric vehicles, the new and the electricity version of the vehicle that runs on an internal combustion engine.

Why is it important: India, the fifth largest car market in the world, is ready to accept one of the biggest capex boosters that once triggered the transition from an internal combustion engine to an electric motor and battery as part of a green drive.

TVS Motor in Talks to Increase 5,000 Crore Rs to Expand Electricity Mobility Units

TVS Motor is in advanced talks to increase RS 4000-5000 CRORE from a private equity company to fund the expansion plan of the new group of electricity mobility as a two-wheeled customer increasingly switching to an electric scooter.

Why is it important: TVS motorbikes bet on electric vehicles when India sharpens its focus on reducing vehicle pollution in cities and cuts dependence on fossil fuels.

UPI application to get more time to comply with 30% market share

The National Payments Corporation of India, which allows the country’s digital payment and settlement system, can extend the deadline for its mandate which requires payment applications that do not have more than 30 percent of the market share. The current deadline is January 2023.

Why this is important: Corporations have no choice but to expand controversial market disorders with market disorders after acting based on non -compliance. Third party payment providers such as Phonepe and Google Pay still have around 47 and 34 percent of the market share.

Ministerial panels can suggest a trimming list of GST releases

A group of empowered ministers were established to see the rationalization of levels can propose the exemption of pruning based on taxes and services on certain goods and services and correct the structure of the reverse task during the next GST council meeting. Previously scheduled to consider raising the lowest threshold plate below the GST to 7-8 percent of the current 5 percent, besides changing other tax categories.

Why this is important: Regardless of the proposal considered by the panel, the level of the rejig can be postponed until inflationary pressure in the economy makes it easy.

Nifty can reach 17,200 points if it applies above 16,800

50-share nifty can head to 16,800 levels after surpassing the main obstacles 16,400 last week, said technical and derivative analysts. This index rose 1.5 percent last week to end at 16,584.30 points. The Nifty can step as far as 17,000-17,200 points if you survive above 16,800, said analyst. On the bottom side, his support is at 16,300-16,500 points.

Why is it important: many will depend on this week’s monetary policy syance from the Reserve Bank of India and inflation data in the United States.

The founder of the startup and the executive head wiped the Fortune Fortune before the Prime Public Offering

Although some startups have not done it well on the stock list, management leaders have brought home a large package. The peak executive at the One97 Communications, which has PAYTM, is valued by a 50 percent increase in the remuneration in the year of draft document submission. The boss in Zomato is tucked in an increase of 404.2 percent. The leaders at PB Fintech gained 182.9 percent in remuneration in the list of the list.

Why is this important: the main management personnel in Indian startups are very pleasant because of a sharp increase in income. Employees in these organizations are not that lucky, because they get an average of 21.4 percent more in the year of submission of the list document.

The price remains high even though there are government steps to be docile inflation

A number of actions by the government over the past month to cool the price have become a mixed bag so far. While the price of fuel has fallen significantly, the price of food is more stubborn, still floating above where they were a month ago, according to the analysis by Mint.

Why is this important: the impact of government steps will be felt on food prices with lag, experts said. The decline in fuel prices can offer assistance, but oil marketers can immediately climb them as freezing over the past two months have expanded the gap between costs and the selling price.

Aditya Birla Group coats RS 77,000 crore to expand capacity

With Metal Major Hindalco led the package, the Aditya Birla group will invest 77,000 large -crores in creating new capacities and entering new sectors such as paint. This will be the group’s biggest investment since acquiring novelists, the US -based aluminum maker, in 2007.

Why this is important: capital investment by Indian conglomerates shows that they anticipate an increase in demand, presenting strong economic recovery in the medium term.