CAGR Insights is a weekly newsletter full of insights from around the world of web.
Chart ki Baat
Source: Speedtest by Ookla
Here’s the list of curated readings for you this week:
Personal Finance
- Centre May Guarantee 50% Of Last Drawn Salary As Pension Under NPS: Report: The Indian government is considering guaranteeing a pension equal to 50% of an employee’s final salary for central government workers enrolled in the National Pension System (NPS). This is meant to address concerns about lower pay-outs under NPS compared to the older pension scheme (OPS). A committee is evaluating the details of this proposal. Read Here
- Dramatic Increase in Fresh Fruit Consumption Among Poorest Rural Households in India: Good news for rural India! More people are eating fresh fruit. The poorest 10% of families in the countryside are now twice as likely to eat fresh fruit compared to a decade ago. Back in 2011, only 3 out of 10 families would have fresh fruit. Now, it’s closer to 7 out of 10! Read here
Investing
- Sebi reduces face value of debt securities to Rs 10,000 to boost retail participation: Market regulator Sebi has drastically cut the face value of debt securities to Rs 10,000 from Rs 1 lakh at present to boost participation of retail investors in the corporate bond market. Market participants are of the view that lower ticket size of debt securities may encourage more non-institutional investors to participate in the corporate bond market which in turn may also enhance liquidity. Read here
- MC Exclusive| F&O crackdown: Only one weekly options contract per exchange, min lot size Rs 20-30 lakh, derivatives panel suggests: SEBI’s working committee proposed raising minimum trade sizes and limiting options to curb speculation in futures & options market. This aims to reduce participation of small traders by making contracts expensive and limiting expiry options. Other suggestions include collecting option premiums upfront and stricter monitoring. Read here
- SEBI proposes introduction of hybrid passive funds, check details here: Securities and Exchange Board of India (SEBI) recently proposed the introduction of hybrid passive funds. These funds will replicate a hybrid index consisting of debt and equity index. SEBI stated that the inclusion of such a fund will allow investors to further diversify and provide greater flexibility. Read Here
- RBI Governor says it’s too early to talk on interest rate cut: The Reserve Bank of India’s (RBI) Governor Shaktikanta Das on July 11 said it is too early to talk on the interest rate cut due to uncertain economic environment and inflation remaining closed to five percent. Read here
Economy
- Renewables: A way to participate in the India growth story: India’s booming economy invests heavily in clean energy. They aim for 50% renewable energy by 2030 and are attracting investors with strong policies. Challenges like infrastructure exist, but India has plans to overcome them. Read Here
- How India Eats: Heat, unseasonal rains, virus infestation push veg thali prices higher in June: Adverse weather conditions like heatwaves and unseasonal rains have caused significant price hikes in vegetables like tomato, onion and potato. This led to a 10% increase in the average cost of a vegetarian thali in June. While non-vegetarian thalis became cheaper YoY due to lower broiler prices, they still rose slightly month-on-month. Read here
- India’s ongoing heatwave: India’s scorching heatwave, the longest ever, is easing in some areas thanks to the monsoon. But the north continues to suffer. This heat is boosting sales of summer essentials like FMCG and durables, with companies expecting double-digit growth. However, prices are creeping up despite production increases. The bigger concern is food inflation. Heat has hurt the production of vegetables like tomatoes, onions, and potatoes, leading to lower supplies and price spikes. This is likely to keep food inflation high soon. Read Here
- 5G Performance- Canada Leads, South Africa and Brazil Show Varied Results: Speedtest by Ookla found that 5G lived up to its promise of lower latency, delivering faster page load speeds than 4G on all services and in all surveyed countries. Canada had the fastest 5G page load speeds for all surveyed services, while South Africa had the slowest for Google and YouTube. In Brazil, 5G significantly outperformed 4G in Q1 2024, with page load speeds 20% faster for Google, 25% faster for YouTube, and 30% faster for Facebook. Read here
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That’s it from our side. Have a great weekend ahead!
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