Petrol and diesel cheaper by Rs 2 throughout the nation: Wholesale inflation charge lowered to 0.20%, UPI providers of Paytm app will proceed

Yesterday’s huge information was associated to petrol and diesel. Earlier than the Lok Sabha elections, petroleum corporations gave reduction to the individuals and lowered the costs of petrol and diesel by Rs 2 per liter. The brand new costs will likely be relevant from 6 am on Friday. Whereas India’s wholesale inflation has come right down to 0.20% in February, it was 0.27% in January. That is additionally the bottom stage of inflation in 4 months.

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1. Petrol and diesel cheaper by Rs 2 throughout the nation: New costs relevant from 6 am; Costs have been lowered after 22 months

Earlier than the Lok Sabha elections, petroleum corporations gave reduction to the individuals and lowered the costs of petrol and diesel by Rs 2 per liter. The brand new costs will likely be relevant from 6 am on Friday. Earlier the costs have been lowered on Could 21, 2022 (22 months).

Union Minister of Petroleum and Pure Gasoline, Hardeep Puri gave this data on social media platform X. He wrote that by lowering the costs of petrol and diesel by Rs 2, Prime Minister Narendra Modi has as soon as once more proved that the welfare and comfort of the households of crores of Indians is his objective. Earlier, Rajasthan authorities had lowered VAT on diesel-petrol by 2 % in its state.

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2. Wholesale inflation charge decreased to 0.20%: That is the bottom within the final 4 months, however the costs of meals objects elevated.

India’s wholesale inflation has come right down to 0.20% in February. It was 0.27% in January. That is additionally the bottom stage of inflation in 4 months. Inflation in November was 0.26%. Inflation has declined, however costs of meals objects have elevated.

Whereas if we discuss one 12 months in the past i.e. February 2023, then wholesale inflation was 3.85%. Whereas from April 2023 to October 2023, inflation was within the adverse zone. Inflation was -0.92% in April and -0.52% in October.

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3. UPI providers of Paytm app to proceed: NPCI approval to turn into third-party UPI app; Partnership with SBI, Axis, HDFC and Sure Financial institution

Nationwide Funds Company of India (NPCI) has permitted Paytm’s guardian firm One-97 Communications Restricted (OCL) to supply UPI providers as a Third-Occasion Software Supplier (TPAP) underneath the multi-bank mannequin. 4 banks – Axis Financial institution, HDFC Financial institution, State Financial institution of India and Sure Financial institution will work as Paytm’s companion banks i.e. Fee System Suppliers (PSP) to empower the fee service.

NPCI mentioned within the assertion, ‘Sure Financial institution may also act because the service provider buying financial institution for current and new UPI retailers for OCL. The ‘@Paytm’ deal with will likely be redirected to Sure Financial institution. This can allow current customers and retailers to proceed UPI transactions and autopay mandates with none disruption. Moreover, NPCI has additionally suggested Paytm emigrate all current handles and mandates to the brand new PSP banks as quickly as doable.

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4. Fitch raises GDP development forecast to 7% in FY25: Earlier estimate was 6.5%; Retail inflation anticipated to achieve 4% by the top of the 12 months

World score company Fitch has elevated India’s financial development estimate for fiscal 12 months 2025 from 6.5% to 7%. Fitch mentioned India’s financial development will likely be supported by sturdy home demand and elevated funding. The score company has additionally predicted retail inflation to fall to 4% by the top of 2024. Fitch expects the Reserve Financial institution of India (RBI) to chop the repo charge by 0.5% between July and December.

This alteration in Fitch’s forecast comes virtually two weeks after official knowledge from the Nationwide Statistical Workplace (NSO) confirmed that the nation’s GDP grew by 8.4% within the October-December interval. Which has elevated as a result of higher efficiency of producing and mining sectors.

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5. Paytm will lay off 20% of its workers: There will likely be layoffs in numerous departments underneath the Annual Efficiency Assessment, AI can be accountable

Paytm’s guardian firm ‘One 97 Communications Restricted’ is getting ready to fireside about 20% of its workers. Not too long ago the corporate had fired 1000 workers for price chopping. Moneycontrol has given this data quoting sources.

In keeping with the report, the corporate goes to do that layoff in numerous departments underneath the annual efficiency overview. Other than this, Paytm can be doing AI-powered automation workout routines. On account of this additionally jobs could also be lower.

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6. Reliance will purchase 13.01% stake in Viacom18 from Paramount: Deal signed for Rs 4,286 crore, RIL’s stake within the firm will improve to 70.49%.

Reliance Industries goes to purchase 13.01% stake in native leisure community Viacom 18 Media from Paramount World. This deal between the 2 corporations has been achieved for 517 million {dollars} (about Rs 4,286 crore). After completion of this deal, Reliance’s stake in Viacom 18 will improve from 57.48% to 70.49%. The 13.01% stake that Paramount World is promoting in Viacom is owned by its two subsidiaries.

Viacon 18 is an organization owned by Reliance. It has a community of 38 TV channels like Comedy Central, Nickelodeon and MTV. Paramount World is an American media and leisure firm. It was fashioned in 2019 by the merger of Viacom and CBS. It’s owned by Nationwide Amusements, Inc. Is a subsidiary firm of. The corporate, initially often known as ViacomCBS, was renamed Paramount World in 2022.

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Deadline for updating Aadhar without spending a dime prolonged once more: Now charges is not going to must be paid until June 14, know the whole strategy of updating.

Distinctive Identification Authority of India (UIDAI) has once more prolonged the deadline without spending a dime Aadhaar updating by 3 months. Now it is possible for you to to replace your Aadhaar without spending a dime until June 14 and you’ll not must pay any cost for it. After this, fees must be paid for updating Aadhaar.

Earlier this deadline was until 14th December, however it was prolonged by 3 months to 14th March. In keeping with the round issued by UIDAI on September 6, 2023, this initiative has been began particularly for these individuals who acquired Aadhaar card 10 years in the past and haven’t up to date it even as soon as.

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