Livemint.com The automobile industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January. However, declining income of rural households continued to impact sentiments of two-wheeler buyers, resulting in 13% lower sales during January from a year ago, vehicle registration data compiled by Federation of Automobile Dealers’ Association (Fada) showed. Vehicle registration was up 14% in the...

-Scroll.in Increasing unemployment is a major cause for concern. Politicians constantly talk about India being a young country, since two-thirds of the population is under 35 years of age and half of it below 26. Some economists consider this an automatic boon for the economy, since there is a limitless number of workers who could contribute to India’s productive capacity. Finance and investment giant Morgan Stanley, in a report released in November, identified...

-PTI/ The Hindu Justice Nagarathna dissents from majority judgment, says DeMo of high-value Currency notes was ‘vitiated and unlawful’ New Delhi: The Supreme Court on Monday upheld the legality of the Centre’s 2016 decision to ban Rs 1,000 and Rs 500 Currency notes, saying the decision-making process was neither flawed nor hasty and that it was “not relevant” whether the stated objectives were achieved or not. In a big win for the Narendra...

-Moneycontrol.com Globally, central banks have been increasing interest rates to fight inflation. The global economy will bear the brunt of past monetary policy actions in 2023, the Reserve Bank of India (RBI) monthly bulletin said on December 20. "Emerging market economies (EMEs) appear even more vulnerable, having battled Currency depreciations and capital outflows in addition to slowing growth and high inflation," Bulletin said. Globally, central banks have been increasing interest rates to fight inflation. RBI...

-The Telegraph Many experts, including former RBI governor D Subbarao, have flagged concerns over the privacy aspect of CBDC Mumbai: The RBI on Wednesday said the central bank digital Currency (CBDC) will remain anonymous and regulations that are applicable to paper Currency will prevail on the e-rupee. Earlier this month, the RBI had begun a pilot for the retail digital rupee after it launched another project for wholesale digital rupee among financial institutions. Many...