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Compensation gap between private & public sector widens in FY23

Total compensation of employees working with private corporations increased to 13.5% of the GDP in FY23 from 12.8% in the previous year while households, which largely represent the informal sector, saw their wages rise to the highest level in nine years to 8.5% of the GDP in FY23 from 8.4% in FY22.

Heat waves, monsoon will offer RBI some food for thought

RBI has kept its benchmark interest rate unchanged at 6.5% for more than a year, sticking to a relatively hawkish stance as inflation remains above its 4% target. With uncertainty over prices of vegetables and pulses, the RBI is unlikely to shift its stance anytime soon while expectations of a rate cut have been delayed to the end of the year.

Due to demand-supply mismatches, pulses inflation to stay high till October: Experts

Experts caution on prolonged high pulse prices until new crop in October, impacting food inflation. In April, pulse inflation was 16.8%, with tur at 31.4%, gram at 14.6%, and urad at 14.3%. Government eases import restrictions, including duty-free lentils imports, to address production challenges.

India April Wholesale Price Index Rises at Fastest Pace in a Year

India April Wholesale Price Index Rises at Fastest Pace in a Year
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

India April wholesale price index rises at fastest pace in a year

India April wholesale price index rises at fastest pace in a year
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

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