Daily News Podcast: India's growth remains quite robust into future, says IMF : Bulletin: Business Today
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Daily News Podcast: 'India's growth remains quite robust into future'

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July 18, 2018

Top IITs, IIMs students bag up to 137% higher salary packages than other institutions this year: Report

Top IITs and IIMs bagged 137% and 121% higher salary packages, respectively, compared to other institutions, says the Campus Hiring Report 2018 released by assessment and skill-measurement company Mettl. The survey was conducted across 114 engineering and 80 management institutes during the recently concluded campus placement season across different regions. In a region-wise analysis, west India held a leading position with 17% higher compensations than the average salary recorded. In addition, graduates from the technology domain received the highest average salary package of Rs 14.8 lakh per annum.
 
India's growth remains quite robust into future: IMF  

India's growth remains "quite robust" into the future, the IMF has said despite slightly downgrading the country's growth projection for 2018-19 due to high oil prices and a tight monetary policy regime. The IMF yesterday forecast a growth rate of 7.3 per cent in 2018 and 7.5 per cent in 2019 for India, which was down by 0.1 per cent and 0.3 per cent respectively than its April projections. "For India, the main factor is the rise in oil prices, and India is an oil importer. But also, the general tightening in global financial conditions is playing a role in affecting India's growth. Those are the main factors behind the downgrade," said Maurice Obstfeld, Economic Counsellor and Director of the Research Department, IMF.
 
Sugar stockpile to double on record output as India struggles to export surplus

Sugar stocks in India are likely to more than double by the end of the current marketing year as the world's biggest producer of the sweetener struggles to export a surplus, a leading trade body said on Tuesday. The rise will weigh on local prices, potentially pushing the country to try to ship more sugar overseas, which could drag on global prices that have already fallen 16 per cent this year.
The country is likely to end the marketing season on September 30 with inventory of 10 million tonnes, compared with 3.87 million tonnes a year ago

Civilian drones likely to take to skies from October  

Drones for civilian purposes are likely to start flying in India from October onwards, a senior official said, as the Civil Aviation Ministry expects to soon put in place the regulatory framework for unmanned aerial vehicles. The use of drones by civilians is currently restricted by aviation regulator DGCA.
Civil Aviation Secretary R N Choubey said the ministry is working on putting in place a system wherein registration and flying permission for civilian drones are done online. In November 2017, the ministry came out with draft norms for draft norms for operating drones for civilian purposes.
According to the draft regulations, drones would require unique identification numbers while nano drones -- those weighing below 250 grams -- would be exempt from seeking one time approval.
 
 
Akshay Kumar, Salman Khan among Forbes' 100 highest-paid celebs in world

Bollywood superstars Akshay Kumar and Salman Khan feature in the Forbes' list of the world's 100 highest-paid entertainers for 2018. While Akshay is 76th on the list, Salman finished at number 82. American boxer Floyd Mayweather tops the prestigious rich list of entertainers this year with earnings of $285 million (Rs 1,948 crore), while Hollywood star George Clooney holds the second spot with a $239 million (Rs 1,634 crore) income.
Reality television personality Kylie Jenner is at number three with $166.5 million (Rs 1,138 crore).
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