Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

Boost in domestic <keyword id="19914449" type="General" weightage="20" keywordseo="manufacturing" source="keywords">manufacturing</keyword> due to PLI (production linked incentive) schemes and increase in <keyword id="19916774" type="General" weightage="20" keywordseo="exports" source="keywords">exports</keyword> on account of free trade agreements are expected to bridge the country's <keyword id="20201391" type="General" weightage="20" keywordseo="trade-deficit" source="keywords">trade deficit</keyword> further, <keyword id="20613906" type="General" weightage="100" keywordseo="Economic-Survey" source="keywords">Economic Survey</keyword> said on Monday. However, it said that fluctuations in <keyword id="19936629" type="General" weightage="20" keywordseo="commodity-prices" source="keywords">commodity prices</keyword>, especially for critical imports like oil, metals, and agricultural products, can impact India's trade balance and inflation levels. The Survey said that though ongoing geopolitical headwinds impacted India's merchandise exports, lowering international commodity prices ensured a lower trade deficit in FY24 than in FY23. The country's merchandise trade deficit narrowed to USD 240 billion in 2023-24 from USD 265 billion in 2022-23. It added that changes in trade policies by major trading partners or geopolitical developments can affect India's export opportunities and market access. "In the coming years, India's trade deficit is expected to decline further as the <keyword id="19981334" type="General" weightage="20" keywordseo="PLI-scheme" source="keywords">PLI scheme</keyword> is expanded and India creates a globally competitive manufacturing base in several product categories," the Survey said. It added that the recently signed FTAs (free trade agreements) are expected to increase the <keyword id="22374533" type="General" weightage="20" keywordseo="global-market-share" source="keywords">global market share</keyword> of the country's exports. The PLI scheme for sectors like mobile manufacturing, information technology (IT) hardware, pharmaceutical, telecommunications, and food product are helping to increase manufacturing and cut imports. India has implemented <keyword id="20000557" type="General" weightage="20" keywordseo="FTA" source="keywords">FTA</keyword> with Mauritius, Australia and the UAE. It added that a narrowing merchandise trade deficit and rising service exports have improved the CAD (<keyword id="20054874" type="General" weightage="20" keywordseo="current-account-deficit" source="keywords">current account deficit</keyword>), ending with a surplus of 0.6 per cent of GDP in Q4 of FY24. However, the risks to the performance of India's external sector are on the downside due to the persistence of current <keyword id="19955176" type="General" weightage="20" keywordseo="geopolitical-tensions" source="keywords">geopolitical tensions</keyword> and policy uncertainty, it said. Some of the challenges listed by the survey includes fall in demand from major trading partners like the US, rise in trade cost, and volatility in commodity prices. Attacks on shipping in the Red Sea and drought in the Panama Canal have resulted in trade flows being re-routed, increasing journey time and costs. India's merchandise trade relies heavily on maritime trade, so disturbances in major shipping routes can impact its economy. "It is critical to explore what these changing paradigms mean for India. Policies need to be a mix that straddles security concerns with economic considerations," the survey said, adding India's push towards manufacturing in complex and niche sectors through schemes such as PLI and Make in India aims to balance these goals. Further, the survey emphasised on the need to focus on improving India's competitiveness in many product areas. For example, it said, India has tremendous potential in becoming a large global exporter in agricultural commodities. Fostering stronger regional trade ties and adding more markets for Indian goods will help mitigate global demand fluctuations. "In an era when global economic growth is likely to be buffeted by geopolitical tensions and protectionism, growing India's exports of goods and services will be a stiffer challenge than before," it cautioned. Commenting on this, Rumki Majumdar, Economist, Deloitte India, said that despite global uncertainties, India's exports are recording positive growth rates. "That shows the resilience of our exports amidst global uncertainties," she said, adding, "by transforming our export basket and focusing on higher margins and value addition across various sectors, India will easily achieve its ambition of USD 2 trillion in exports by 2030-31."

India's trade deficit expected to decline further: Economic Survey

<ul class="summary-list"><li>The California Fast Food Workers Union is calling for the state's minimum wage to rise to $20.70.</li><li>The union says the increase will help workers "keep up with inflation."</li></ul>Fresh off the heels of a major wage hike in April, California fast food workers are calling for a new one "to keep up with <a target="_blank" class="" href="https://www.businessinsider.com/cost-of-living-in-california-cities-prices-housing-medical-energy-2023-8">the rising cost of living</a>."The California Fast Food Workers Union presented its demand for a new wage of $20.70 (up from $20) at the first-ever meeting of the newly formed Fast Food Council, <a target="_blank" href="https://ktla.com/news/california/california-fast-food-workers-want-another-minimum-wage-increase/">KTLA News</a> reported. Annual cost-of-living adjustments are a common feature of labor contracts, and the new wage would take effect on January 1, 2025."It's always been about more than $20/hr, and we're just getting started," a CAFFWU memo shared with Business Insider said.But the impact of the last (and more significant) raise — from $16 to $20 on April 1 — is still rippling through California's foodservice industry, with business leaders and labor organizers offering divergent narratives.McDonald's CEO Chris Kempczinski told CNBC on Thursday <a target="_blank" href="https://www.businessinsider.com/mcdonalds-fast-food-sales-suffer-most-in-california-wage-hike-2024-7">sales have fallen off more in California</a> than elsewhere in the US after the chain raised prices to pay for the wage increase. McDonald's previously lobbied against the law.At Chipotle, CEO Brian Niccol said the law drove <a target="_blank" href="https://www.businessinsider.com/chipotle-california-minimum-wage-pushed-menu-prices-2024-4">a 20% increase in earnings</a> for its restaurant staff and that it raised menu prices by 6% to 7% in the state to offset that.McDonald's and Chipotle didn't immediately respond to requests for comment from Business Insider.Other <a target="_blank" href="https://www.businessinsider.com/california-fast-food-restaurants-lay-off-workers-minimum-wage-hike-2024-3">fast-food chains have laid off workers</a>, in some cases by closing restaurants altogether, citing the new rules.Data from the US Bureau of Labor Statistics is not likely to satisfy either side: Before adjusting for seasonality, the state added more than 5,000 new fast food jobs between April and June, but the seasonally adjusted figure is a 3,000-job decline. The numbers are effectively flat over the past year.Still, some fast food workers have praised the wage increase: "It's been really good because I can now put more food on the table and in my fridge and pay my rent on time, which was always a challenge," Wendy's employee Romualda Alcazar Cruz told <a target="_blank" href="https://ktla.com/news/california/california-fast-food-workers-want-another-minimum-wage-increase/">KXTL</a> in Spanish.The union also said in the memo that it is seeking more stable scheduling as well as investigations into "abuses" including unsafe working conditions, harassment, discrimination, and wage theft.The Fast Food Council next meets in September.If you are a fast food worker in California who wants to share your perspective, please <a target="_blank" href="mailto:dreuter@businessinsider.com">contact Dominick via email</a> or text/call/Signal at 646.768.4750. Responses will be kept confidential, and Business Insider strongly recommends using a personal email and a non-work device when reaching out.

Fast food giants like McDonald's and Chipotle may be forced to hike prices in California again.

Mumbai: The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday, as persistent <keyword id="20520117" type="General" weightage="20" keywordseo="foreign-fund-outflows" source="keywords">foreign fund outflows</keyword> and a muted trend in domestic equities weighed on the local unit. Forex traders said the USDINR pair has shown significant volatility in recent sessions, with the rupee inching closer to its all-time low of 84.40. This downward pressure is largely driven by global factors, particularly the Dollar Index's strengthening. At the interbank foreign exchange, the rupee opened at 84.40 against the greenback, registering a fall of 1 paisa over its previous close. On Tuesday, the rupee fell 1 paisa to a new lifetime low of 84.39 against the US dollar. "It appears that the rupee has established support around the current levels, with depreciation limited near 84.50," CR Forex Advisors MD Amit Pabari said. Pabari further added that the RBI stands tall as the depreciation in the rupee seems to be limited as the <keyword id="19899810" type="General" weightage="100" keywordseo="Reserve-Bank-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Reserve Bank of India" meta.hostid="261" meta.entityid="Reserve Bank of India">Reserve Bank of India</keyword> (RBI) continues to sell the dollars to protect the sharp depreciation. "For the 5th consecutive week, India's forex reserves declined, possibly due to RBI selling the dollars. Currently, the forex reserves of India stand at USD 682 billion down from the recent all-time high of USD 704 billion," he said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.04 per cent at 105.98. Brent crude, the global oil benchmark, rose 0.25 per cent to USD 72.07 per barrel in futures trade. On the domestic equity market front, Sensex was trading 210.66 points, or 0.27 per cent lower, to 78,464.52 points. The Nifty fell 100.45 points, or 0.42 per cent, to 23,783.00 points. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 3,024.31 crore, according to exchange data. On the macroeconomic front, retail inflation breached the Reserve Bank's upper tolerance level, soaring to a 14-month high of 6.21 per cent in October mainly on account of rising food prices. Inflation based on the consumer price index (CPI) was 5.49 per cent in September and 4.87 per cent in the year-ago month. India's industrial production expanded by 3.1 per cent in September after recording a contraction in the preceding month, as all three major segments -- mining, manufacturing, and power generation -- showed improvement. However, the growth in the Index of Industrial Production (IIP) during the month was lower than 6.4 per cent registered in September 2023.

You Searched For "Bikaji Foods share price" and got 4 results

India's trade deficit expected to decline further: Economic Survey

PTI

Fast food giants like McDonald's and Chipotle may be forced to hike prices in California again.

Dominick Reuter

Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade

PTI

The unsung warriors of 'The Price Is Right'

David Kushner

Popular Keywords

Buying Guides