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Key takeaways from the economic survey include:- The outlook for India’s financial sector looks bright.- Domestic growth factors supported economic growth in FY24 despite uncertainties in the global economy.- Economic growth in FY2025 is expected to be between 6.5% and 7%.- Escalation of geopolitical conflict and its impact may impact RBI’s monetary policy stance.- India’s real GDP grew 8.2% in FY24 and exceeded 8% in three out of four quarters in FY24.- CAD will be 0.7% of GDP in FY2024, improving from a deficit of 2.0% of GDP in FY2023.- Retail inflation averaged 6.7% in FY23, declining to 5.4% in…
LA CORUNA, SPAIN – JULY 16: Spain’s Aitana Bommati celebrates after scoring the team’s first goal. [+] She scores a goal during a UEFA Women’s Europa League Qualifier match at Riazor Stadium in La Coruna, Spain on July 16, 2024. (Photo by Manuel Queimaderos/Quality Sports Images/Getty Images)Getty Images Spain will be competing in Olympic soccer for the first time this week, aiming to win their first gold medal in Women’s World Cup history. Four of the last seven women’s Olympic soccer tournaments, first held in Atlanta in 1996, have been won by four-time World Cup champions the United States. Surprisingly,…
Downward angle icon Downward angle icon. Getty Images, Jenny Chang Rodriguez/BI OpenAI CEO Sam Altman’s study on basic guaranteed income was published. Though overall expenses increased, most of the extra money went to food and rent. Recipients felt less financial stress, but this faded over time, the study found. The long-awaited results of Sam Altman’s basic income study, the largest of its kind, are in. The experiment gave low-income participants $1,000 a month for three years, no strings attached.The study found that recipients spent most of their extra money on basic needs like rent, transportation and food, and that while…
Many tech entrepreneurs have long suggested that a guaranteed income could mitigate job losses caused by artificial intelligence and automation. The latest and greatest research on the idea was spearheaded by ChatGPT founder Sam Altman. Michael Dwyer/AP Hide caption Toggle caption Michael Dwyer/AP The rise of artificial intelligence has raised fears that these technological advances could result in the loss of millions of jobs. Silicon Valley entrepreneurs are thinking about that too, and have long promoted the idea of unconditional cash assistance from the government to soften the blow. Now, the first results of the latest and largest study into…
MANILA, Philippines – For the past decade, guests attending the Philippines’ annual State of the Nation Address have resembled a Hollywood premiere. Lawmakers and government officials showed off their flashy outfits and praised the designers as they made their way into the halls of Congress to hear the president’s report. Opposition politicians and public figures often use the opportunity to flaunt opposing slogans and images emblazoned on their clothing. But ahead of President Ferdinand Marcos Jr.’s third speech on Monday, the House of Representatives banned such attire. “Today is not a day for protests,” House Secretary General Reginald Velasco, whose…
Economic Survey 2024 Live: Finance Minister Nirmala Sitharaman is scheduled to table the pre-budget paper in Parliament today, a day before the budget presentation on July 23. The Economic Survey 2023-24 will be presented in the Lok Sabha at 1 pm and in the Senate at 2 pm. Economic Survey 2024 Live: Union Finance Minister Nirmala Sitharaman makes an appearance. Who produces the Economic Survey? The Economic Survey is prepared by the Economics Division, Department of Economic Affairs, Ministry of Finance and is formulated under the supervision of the Principal Economic Adviser. Read more: Confused about where to invest? Stock…
Equity Market Strategy for Budget 2024: Despite the recent sell-off in the Indian equity market following weak signals in global markets due to rising US-China trade war tensions, potential for growth still remains. The Nifty 50 index has fallen by over 125 points, the BSE Sensex has plummeted by around 400 points and the Nifty Bank index has fallen by over 300 points in early morning trade. However, this is not a cause for alarm but rather a strategic investment opportunity.According to experts, the Indian stock market has witnessed a trend reversal after a sharp sell-off on Friday. Experts said…
Immediate’s consent management platform is more than just a way to check boxes under data law — it’s a compass that guides strategic partnerships and helps determine who stays and who doesn’t among the ad tech partners that drop cookies on your site.And a significant number of companies did just that, says Mario Lamar, director of revenue operations at Immediate. Armed with this insight, he and his team began questioning these partners about their data practices. Those that couldn’t justify their actions were swiftly fired, Lamar added. This began in 2023. “Earlier this year [2023] “We started off with nearly…
Downward angle icon Downward angle icon. President Joe Biden’s withdrawal from the 2024 race has sparked a surge in donations, surpassing the $52.8 million the Trump campaign raised in a single day after the former president was convicted in May. Kevin Dietsch and Justin Sullivan/Getty Images Following Donald Trump’s conviction, the former president’s campaign announced it raised $52.8 million in 24 hours. The Democrats eclipsed that figure about half a day after Joe Biden withdrew from the race. Democratic fundraising platform ActBlue has raised well over $53 million since the announcement. Following President Joe Biden’s surprise withdrawal from the 2024…
Against the backdrop of volatile global markets, with the ASX200 set to fall following recent weakness in US trading, investors are closely monitoring movements across various sectors and indexes. Such market conditions highlight the importance of focusing on companies with high insider ownership, like Flight Centre Travel Group, especially those with strong growth potential and characteristics that often lead to alignment of interests between shareholders and management.Top 10 growing companies with high insider ownership in AustralianameInsider OwnershipRevenue GrowthCetile (ASX:CTT)28.7%26.7%Acrux (ASX:ACR)14.6%115.3%Clinuvell Pharmaceuticals (ASX:CUV)13.6%26.8%Catalyst Metals (ASX:CYL)17.1%77.1%Hillgrove Resources (ASX:HGO)10.4%109.4%Biome Australia Ltd (ASX:BIO)34.5%114.4%Ola Banda Mining (ASX:OBM)10.2%96.2%Liontown Resources (ASX:LTR)16.4%49.5%Plenty Group (ASX:PLT)12.8%106.4%Change Financial (ASX:CCA)26.6%76.4%To see the…