Banking updates

Monday, February 21, 2022

Talent shortage a challenge for MNC tech centres: EY

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India’s giving inflation room to grow, but that may bite

India’s wholesale price index, which tracks goods at factory gates, rose almost 13% from a year earlier in January. The gauge has recorded double-digit increases for 10 straight months, even as the benchmark consumer price index, which also includes services, has only recently breached the top of the central bank’s tolerance range of 2% to 6% annual gains.

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Govt examining if Sebi took adequate action in NSE matter: Nirmala Sitharaman

FM said the government was analysing if there had been "enough application of mind in dealing with this" on the part of the market regulator, and if after applying its mind, Sebi took adequate corrective steps. This is the first public statement from the government on the issue.

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LIC to list in March, eye on geopolitical impact on markets

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Covid: Regular international flights likely to resume in a month

Regular international flights which were suspended in March 2020 are likely to resume in a month. It is learnt that the aviation ministry has taken this up with health ministry and is tentatively looking at March 15 or next month-end when the summer schedule kicks in. This will be a big relief for travellers as relaxed quarantine and testing norms globally post easing of Omicron has pushed the demand for travel. However, due to limited air bubble flights, fares have skyrocketed for this summer.

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In matters of economy, there’s no place for politics: Nirmala Sitharaman

"Inflation is not much beyond the band that we should be considering. Yes, it keeps going up and down but it's coming down when we're taking measures and we have to rein it in there when it comes down. So, the picture there and the picture here have different colours and hues," the finance minister said.

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