India’s industrial output shrank while inflation swelled, official data released on Thursday showed, highlighting challenges for policymakers battling an economic slowdown amid surging food prices.Factory output contracted 3.8% in October after shrinking 4.3% in September, in sharp contrast with an 8.4% expansion in October last year. Retail inflation continued to surge in November, fuelled by soaring food prices, as prolonged rains dampened vegetable supplies.Experts said if economic growth does not show signs of an uptick in the December quarter, the Reserve Bank of India (RBI) may come under pressure to give further monetary stimulus to support the economy, given the fact that retail inflation is driven by food prices and is not across the board. Vegetable prices surged 36% in November from a year ago, data released by the National Statistics Office showed. Retail inflation surged 5.54% in November as food price inflation measured by the … [Read more...] about Factory output shrinks, rising inflation at 5.5 per cent begins to hurt
Klci index live
The packed house at the Wankhede on Wednesday must have wondered why K.L. Rahul is in and out of Team India. Someone who cut his teeth in international cricket five years ago with a 110 against Australia in his second Test in Sydney, ought to have established permanency in the national team.Terrific outingRahul plays a brand of cricket that’s highly entertaining and excites everyone — in the stands as well as living rooms. On Wednesday, he was terrific, thundering his way to a 56-ball 91 with nine 4s and four 6s.He has not played enough matches to be anywhere near the boundary aggregate of Rohit Sharma and Virat Kohli, but is only second behind Kohli in the entertainment quotient index.The Karnataka right-hander, who has the knack of scoring off any ball, seems to have a special liking for the Wankhede surface; last April he made an unbeaten 100 for Kings XI Punjab in the IPL.When asked whether the Wankhede wicket was better than Hyderabad and Thiruvananthapuram, he said: … [Read more...] about K.L. Rahul high on entertainment quotient
Bharat Bond ETF, India’s first bond exchange-traded fund, opened for investment on Thursday. The ETF will invest in a portfolio of AAA-rated bonds of public sector entities in two investment options for fixed maturity periods of three years and 10 years (2023 series and 2030 series). It is a target-maturity bond ETF, which will invest in underlying of similar maturities and track the newly-introduced Nifty Bharat Bond index. Here are key things you must know before you decide to invest in this ETF: What will be tax implications?The bond ETF will be taxed as the same rate like debt mutual funds (20 per cent with indexation benefits, if held for more than three years), leading to an after-tax yield of around 6.3 per cent and 7 per cent for three years and 10 years, respectively. “Bharat Bond ETF would be a tax-efficient long-term investment option for conservative debt fund investors,” ICICIdirect.com said in a report. What’s in it for retail investors?The … [Read more...] about Bharat Bond ETF: Why to invest and who should invest?
Diabetes is a chronic lifestyle disorder. The probability of developing it not only depends on genetic factors but is also influenced by environmental components.Eating right and maintaining a healthy body weight is the most important step towards controlling diabetes. Losing 5-10% of total body weight can be instrumental in reducing blood pressure, blood sugar and cholesterol levels. read moreWorld Diabetes Day: Undiagnosed diabetes remains a major threatWant to keep diabetes at bay? Eat food cooked at home, say scientistsA diabetic should have a diet that is low in carbohydrates and calories, moderate in healthy fats and naturally rich in nutrients with key food elements being whole grains, vegetables and foods with low GI. Include high fiber content and slow calorie-burning carbohydrates in your diet. Besides micro and macro nutrient content, glycemic index of food is also important when choosing a diet friendly for diabetes patients. Glycemic index … [Read more...] about 10 superfoods you can include in your daily diet to cut diabetes risk
New Delhi: Index of Industrial Production (IIP) or factory output for the month of October has contracted by 3.4 percent as compared to a growth of 8.4 percent in the same month last year, according to the Index of Industrial Production (IIP) data released by the Central Statistics Office. The quick estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of October 2019 stand at 3.8 percent lower as compared to the level in the month of October 2018. The cumulative growth for the period April-October 2019 over the corresponding period of the previous year stands at 0.5 percent, said the statement. Live TV According to the official statement, other key observations are: The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2019 stand at 99.5, 131.1 and 145.8 respectively, with the corresponding growth rates of (-) 8.0 percent, (-) 2.1 percent and (-) 12.2 percent as compared to October 2018. … [Read more...] about October industrial output contracts 3.8%