In both lahsun and pyaaz, a real respite to consumers can come only after March, when their rabi crops are harvested. But there are worries even on that front, due to depleting groundwater tables, particularly in Maharashtra and Karnataka.
According to Reserve Bank of India (RBI) data, fund outflow under the RBI’s Liberalised Remittances Scheme (LRS) shot up to $3.89 billion (Rs 32,000 crore) in June as against $ 2.88 billion (Rs 23,900 crore) in May this year. LRS outflows in June 2022 were just $ 1.98 billion (Rs 16,430 crore).
The rupee oscillated between an intra-day low of 83.24 and a high of 83.12 against the greenback and finally settled at 83.16, higher by 8 paise from its previous close of 83.24.
Meesho’s first profit comes at a time when Indian startups have been struggling to raise funds due to a funding squeeze worsened by higher interest rates and a global tech market rout.
The increase in Europe’s largest economy comes a day before the release of inflation figures for the entire 20-country area that uses the euro currency.
MoS IT Rajeev Chandrasekhar said the Data Protection Board and guidelines for the eight rules, including consent management, will be put in place within a month.
The review comes at a time when the department is aiming to make the scheme more efficient, and is learnt to be considering course correction for sectors where the scheme has not produced expected results.
The RBI, however, said Rs 2000 banknotes will continue to be legal tender.
Disney may sell a controlling stake in the Disney Star business, which it values at around $10 billion, rather than piecemeal transactions, Bloomberg reported, citing sources familiar with the matter.
BSE benchmark Sensex jumped 364.06 points, or 0.55 per cent to 65,995.63, while broader NSE Nifty50 gained 107.75 points, or 0.55 per cent to close the week at 19,653.50.