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  • Irked over non-adherence to its directives, the Centre has asked all ministries to timely review the working of the employees so that the non-performers are prematurely retired from service. In an order, the Department of Personnel and Training (DoPT) asked ministries concerned to direct the public sector undertakings (PSUs), banks, autonomous institutions and statutory bodies under their administrative control to undertake the exercise of periodic review of employees.
  • The Securities and Exchange Board of India (SEBI) has approved significant changes aimed at boosting investments in India by Foreign Portfolio Investors (FPIs) based in International Financial Services Centres (IFSCs). According to the new rules issued by SEBI, FPIs operating from IFSCs can now aggregate up to 100 per cent of their corpus from contributions by non-resident Indians (NRIs), Overseas Citizens of India (OCIs), and Resident Indians (RIs)
  • Core sector growth slowed down to 6.3% in May from 6.7% in April.
  • Indian banks loans rose 19.2% in the two weeks to June 14 from a year earlier period while deposits rose by about 12.6%
  • India reported a current account surplus in the fourth quarter of the fiscal 23-24. The current account surplus for the quarter was 0.6% of the GDP.
  • Centre imposes stock holding limit on wheat, says no shortage anywhere.
  • Ambuja Cement bags 24 limestone mines in FY24 with 587 MT estimated output.
  • Amara Raja signs licensing agreement with GIB EnergyX for Li-ion cells technology.
  • India’s external debt rose to $663.8 billion but debt to GDP ratio has fallen.
  • Infosys is working on over 225 GenAI programs for its clients.
  • SBI raises Rs 10000 crores via 15 year infrastructure bonds at 7.36% coupon.
  • L&T group is facing shortages of over 45000 labourers and engineers.
  • India needs Crude Oil, Gas, Coal etc and Russia is more than willing now to give it to India in view of Western Sanctions. Russia has sent two trains laden with coal to India via the INSTC which connects Russia to India via Iran. INSTC spans railway, roadway, seaports covering over 7200 km.
  • India is set to officially join the J.P. Morgan GBI-EM Global Series of indices on Friday, June 28, a move that could potentially lead to $25-30 billion inflows into the country. It will happen in phases over a 10-month period as the domestic bonds will hold 10% weightage and add 1% every month starting this month.

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