WASHINGTON: Payrolls and manufacturing probably expanded in November as the US recovery showed signs of a pickup heading into 2011, economists said before reports this week. Employment increased by 145,000 workers this month after a 151,000 gain in October that marked the biggest advance since May, according to the median forecast of 67 economists surveyed ahead of Labor Department data on December 3. A report from factory purchasing managers may show assembly lines kept churning as exports and business spending climbed. More jobs and bigger paychecks are giving consumers the confidence and means to spend, brightening the outlook for retailers like Lord & Taylor and Macy’s during the holiday season. At the same time, payrolls aren’t growing fast enough to lower the jobless rate, one reason why Federal Reserve policy makers have said they will keep priming the monetary pump. “We’re still in the early stages of the labour-market … [Read more...] about ‘US payrolls, output to show a pickup’
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NEW DELHI: Maruti Suzuki India (MSI) on Friday said it is recalling 63,493 units of petrol smart hybrid (SHVS) variants of Ciaz, Ertiga and XL6 models to rectify faulty motor generator unit (MGU). "The company will inspect 63,493 vehicles of petrol SHVS of Ciaz, Ertiga and XL6 for a possible issue with the Motor Generator Unit (MGU)," MSI said in a statement. A possible defect may have occurred in the MGU during manufacturing by an overseas global part supplier, it added. The vehicles were manufactured between January 1, 2019 to November 21, 2019. "In the interest of its customers, the company has decided to proactively recall the vehicles for inspection and those found ok will be released immediately," MSI said. Vehicles requiring replacement of faulty part will be retained for part replacement free of cost, it added. Starting December 6, 2019 owners of the suspected vehicles under this recall campaign will be contacted by Maruti Suzuki dealers for inspection and replacement of … [Read more...] about Maruti Suzuki recalls 63,493 units of Ciaz, Ertiga, XL6 to fix faulty part
NEW DELHI: Maruti Suzuki India (MSI) on Friday said it is recalling 63,493 units of petrol smart hybrid (SHVS) variants of Ciaz, Ertiga and XL6 models to rectify faulty motor generator unit (MGU). "The company will inspect 63,493 vehicles of petrol SHVS of Ciaz, Ertiga and XL6 for a possible issue with the Motor Generator Unit (MGU)," MSI said in a statement. Maruti Suzuki to increase prices from January to offset rising input costsMaruti Suzuki India said it will increase prices of its vehicles from January to offset rising input costs. Over the past year, the cost of company's vehicles has been impacted adversely due to increase in various input costs. This price increase shall vary for different models, the company said. A possible defect may have occurred in the MGU during manufacturing by an overseas global part supplier, it added. The vehicles were manufactured between January 1, 2019 to November 21, 2019. "In the interest of its customers, the company has decided to … [Read more...] about Maruti recalls 63,493 units of Ciaz, Ertiga, XL6 to fix faulty part
Some mutual fund investors love to recycle their investments in Equity Linked Saving Scheme or ELSS to claim tax benefit under Section 80C of the Income Tax Act. The strategy is very simple: you recycle your old investment and claim tax deduction on it again after three years. However, the re-introduction of Long Term Capital Gains (LTCG) tax may queer the pitch for these investors, say some mutual fund advisors. “Fundamentally, this process is unhealthy for your investments but now after the introduction of LTCG, you will be at loss since you will pay tax on the redemption,” says Vishal Dhawan, Founder, Plan Ahead Wealth Advisors. The finance minister has proposed to tax long term capital gains above Rs 1 lakh on equity mutual funds at a flat 10 per cent without the indexation benefit. For late comers, investments in ELSS qualify for tax deductions of up to Rs 1.5 lakh under Section 80C. However, instead of making fresh investments, some investors pull out their old … [Read more...] about Does it make sense to recycle your ELSS investments after return of LTCG tax?
The sharp deterioration in economic activity in Q1FY20 and continued slowdown through August suggests the Indian economy faces structural challenges in certain sectors and cyclical slowdown in others linked to a drag by some sectors with structural issues. Structural reforms will be crucial to bring about a change in real GDP growth rates. India’s agriculture model is quite challenged with raising demand-supply imbalances, leading to stagnant farm prices and incomes, which have necessitated farm income schemes from the government. High consolidated fiscal deficit and strained balance sheets of infrastructure companies have constrained investment rates. Low growth in household income may be the primary reason for the current slowdown in consumption, which in turn reflects structural problems in the economy linked to limited number of secure jobs being created in the formal sectors and meaningful disruption in parts of the informal economy due to demonetisation, GST implantation … [Read more...] about Fiscal, monetary options largely exhausted, structural reforms critical to push GDP growth