Sunday, October 18
India’s central bank will meet lenders next week to discuss potential changes to the way it manages funds in the financial system, people familiar with the matter said, as it seeks to ensure its rate decisions are effectively passed through to the broader economy. Senior Reserve Bank of India officials, including recently-appointed Deputy Governor Poonam Gupta, will meet bank executives on May 21, the people said, asking not to be identified as the discussions are private.The meeting comes ahead of the central bank’s policy statement on June 6 and follows the authority’s aggressive measures to swing a record cash deficit to a surplus. The review highlights the RBI’s efforts to sharpen the tools in its policy kit at a time when it is lowering borrowing costs to spur growth. 12120793
New Delhi: Despite global uncertainty and a cautious job market, demand for consultants and project-based talent rose 38% in FY25, outpacing an average growth of 17% in the two years prior, shows data from white-collar gig platform Flexing It.Traditionally services-led, the freelance economy is now seeing industrial and manufacturing emerge among the top-three hiring sectors. Sectors like FMCG, consulting, BFSI (banking, financial services and insurance), and healthcare continue to experience strong demand, while the rise of core industries signals a broad-based appetite for flexible talent, according to Flexing It's annual trends report for FY25, shared exclusively with ET.The shift towards project-based talent underscores a broader transformation in workforce dynamics. As businesses grap
Preliminary sales figures from state-owned fuel retailers, made available on May 16, showed that petrol usage surged by approximately 10 per cent in the first half of May as travel during the summer season caused a spike in demand. Between May 1 and May 15, petrol consumption escalated to 1.5 million tonnes, up from 1.37 million tonnes during the same timeframe last year, news agency PTI reported.This marks a 10.5 per cent increase over the 1.36 million tonnes consumed during the first half of May 2023 and is nearly 46 per cent higher than the consumption levels observed in the affected first two weeks of May 2021.Meanwhile, diesel sales experienced a modest growth of 2 per cent, reaching 3.36 million tonnes, as reported by the three major state-owned fuel retailers that control around 90
