Author: InvestPolicy

Smartworks is an enterprise workspace platform with operations in Hyderabad, Bengaluru, Noida, and Pune. The company has a mandate to achieve a revenue target of ₹1,000 crore this year Smartworks is an enterprise workspace platform with operations in Hyderabad, Bengaluru, Noida, and Pune. The company has a mandate to achieve a revenue target of ₹1,000 crore this year Smartworks, an enterprise workspace platform, has taken 7 lakh sq. ft. office space on lease at Vaishnavi Tech Park, a multi-functional IT and business infrastructure located near Outer Ring Road (ORR), in Bengaluru.The over-9,000-seat centre would be operational in the final quarter…

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It will involve the development of a limited-scale CBDC pilot that will operate in a ring-fenced environment It will involve the development of a limited-scale CBDC pilot that will operate in a ring-fenced environment Australia’s central bank on Tuesday said it was launching a one-year research programme into the case for a central bank digital currency (CBDC) in Australia, focusing on what potential economic benefits it might bring.(Sign up to our Technology newsletter, Today’s Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.)The Reserve Bank of Australia (RBA) is partnering with…

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The Cantillon effect refers to the idea that changes in the money supply in an economy causes redistribution of purchasing power among people, disturbs the relative prices of goods and services, and leads to the misallocation of scarce resources. The Cantillon effect is named after the 18th century French economist Richard Cantillon who published his ideas in the 1755 book Essay on the Nature of Trade in General. Uneven distribution It is generally accepted by economists today that an increase in the overall money supply in an economy causes a proportionate rise in the prices of goods and services over…

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LPG price increased only by 41.5% while Saudi Contract Price had increased by 207% from 2020 to 2022: Minister LPG price increased only by 41.5% while Saudi Contract Price had increased by 207% from 2020 to 2022: Minister The profits of oil marketing companies has increased manifold, according an answer tabled in Rajya Sabha by the Petroleum and Natural Gas Ministry on Monday. The Ministry also said the market price of LPG is not as high as the way the Saudi Contract Price (CP) of the cooking gas increased. The answer was provided by Minister Hardeep Singh Puri in response…

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RBI Governor Shaktikanta Das on Friday said banks cannot perennially rely on the central bank’s money to support credit offtake and they needed to mobilise more deposits to aid credit growth.He said banks had already started to pass on the increase in repo rates to their depositors and that the trend was expected to continue.”When there is a credit offtake, banks can sustain and support that credit offtake only if they have higher deposits. They cannot be relying on the central bank money on a perennial basis to support credit offtake … they have to mobilise their own resources and…

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Shaktikanta Das said country’s current account deficit will be manageable and the central bank has the ability to manage the gap Shaktikanta Das said country’s current account deficit will be manageable and the central bank has the ability to manage the gap Reserve Bank of India Governor Shaktikanta Das on August 5, 2022 said the country’s economy is an island of stability despite two Black Swan events and multiple shocks. “In an ocean of high turbulence and uncertainty, Indian economy is an island of macroeconomic and financial stability,” Mr. Das told reporters during the post policy press conference. He said…

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The monetary policy committee (MPC) of the Reserve Bank of India (RBI) has decided unanimously to increase the policy repo rate by 50 basis points to 5.4%, with immediate effect.  Consequently, the standing deposit facility (SDF) rate stands adjusted to 5.15 per cent; and the marginal standing facility (MSF) rate and the Bank Rate to 5.65%.  Highlights of the RBI’s fourth monetary policy review of fiscal year 2022-23 Key short-term lending rate (repo) raised by 50 basis points (bps) to 5.4% In all, 140 bps hike in repo since May 2022 to check inflation GDP growth projection for 2022-23 retained at…

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The former Twitter CEO’s company Block will slash its 2022 investment target by $250 million The former Twitter CEO’s company Block will slash its 2022 investment target by $250 million Jack Dorsey-led Block Inc said it has slowed hiring and will slash its 2022 investment target by $250 million, after a slump in Bitcoin prices dragged the digital payments company to a loss in the second quarter.(Sign up to our Technology newsletter, Today’s Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.)Shares of Block, formerly called Square, fell nearly 6% in…

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There is an expectation of further depreciation, which can lead to further capital outflows There is an expectation of further depreciation, which can lead to further capital outflows The rupee’s steep slide to the 79-to-a-dollar range is bound to impact importers, widen the current account deficit (CAD) and increase the value of India’s external debt burden. But how much of a problem is this going to be for the Indian economy, given that the rest of the world is facing economic challenges as well? Zico Dasgupta and Indranil Pan discuss whether the declining rupee presents a crisis or an opportunity,…

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U.K. economy projected to go into recession from the fourth quarter of 2022, with GDP shrinking in five consecutive quarters: BoE U.K. economy projected to go into recession from the fourth quarter of 2022, with GDP shrinking in five consecutive quarters: BoE In a response to soaring inflation, the Monetary Policy Committee (MPC) of the Bank of England (BoE) on Thursday voted 8-1 to raise the U.K.’s bank rate by half a percentage point to 1.75%, the highest-ever increase since 1995.The U.K. economy is projected to go into recession from the fourth quarter (Q4) of 2022, with GDP shrinking in…

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