-The Hindu Business Line Retailers’ Association of India pointed out that the impact of inflationary challenges on the discretionary segment was visible Retailers posted a 15 per cent growth in sales in November over pre-pandemic levels. According to the latest edition of Retail Business Survey released by the Retailers’ Association of India (RAI), this growth was led by segments such as footwear, sports goods and Jewellery. The industry body, however, pointed out...

-The Telegraph Uncle of young migrant worker flying in with body ‘at own cost’ Calcutta: A 17-year-old migrant worker from East Burdwan’s Purbasthali died in Gujarat’s Morbi bridge collapse that has claimed at least 134 lives since Sunday evening. Habibul Sheikh, 17, a high school dropout, who went to Morbi to work at his uncle’s Jewellery shop 10 months ago, visited the “hanging bridge” in Morbi with four other migrant workers from Bengal...

-Newsclick.in The brake on the release of funds by the Centre, which has found blatant and persistent violation of norms by Nabanna, has queered Mamata Banerjee's pitch. Kolkata: It’s a tough call suddenly for Trinamool Congress chief and West Bengal’s chief minister Mamata Banerjee; TMC’s very comfortable majority in the Assembly notwithstanding. Mamata finds herself in an awkward situation after the arrest of two of her trusted aides – Partha Chatterjee and...

-The Telegraph The finance ministry has warned that the current account deficit will deteriorate in 2022-23 because of costlier imports and tepid exports on the merchandise account The country’s trade deficit touched an all-time high of $26.18 billion as imports expanded 57.88 per cent to $66.31 billion in June because of a doubling of oil imports and a spike in the inflow of coal, gold, electronic goods and chemicals. The finance ministry has...

-NDTV.com The Indian economy faces a potential threat of stagflation from the ongoing Russia-Ukraine war, driven by trade disruptions and rising oil prices. The Indian economy faces a potential threat of stagflation from the ongoing Russia-Ukraine war, driven by trade disruptions and rising oil prices which will push already high inflation further up, which will hurt growth prospects. Gross Domestic Data released on Monday showed the economy slowed in the October-December quarter, even...