The Employees" Provident Fund Organisation (EPFO) reported a 9.33% increase in net member additions, totaling 18.81 lakh in September 2024, compared to the same month last year. New enrollments reached approximately 9.47 lakh, marking a 6.22% rise from September 2023. This growth is attributed to enhanced employment opportunities and increased awareness of employee benefits.
The government is considering lifting the suspension on futures trading for oil, oilseeds, and pulses, following pressure from the National Commodity & Derivatives Exchange (NCDEX). While discussions are ongoing, the ban on paddy and wheat futures is expected to remain. The NCDEX is advocating for the resumption of trading, citing the need for market maturity and reduced reliance on international price signals, as India imports a significant portion of its edible oil.
The Indian government is considering lifting the suspension on futures trading for oil, oilseeds, and pulses, following pressure from the National Commodity & Derivatives Exchange (NCDEX). While discussions are ongoing, the ban on paddy and wheat futures is expected to remain. The NCDEX is advocating for the resumption of trading, citing the need for market maturity and reduced reliance on international price signals, as India imports a significant portion of its edible oil.
Global markets are shifting as CLSA adopts an overweight stance on Indian equities, with Moody's projecting India's growth at 7.2% for 2024 amidst global economic challenges. While India's strong domestic demand contrasts with China's economic struggles, recent declines in the Sensex and Nifty raise concerns over consumption and foreign outflows.
The Swiss Federal Council has opted for a VAT increase to finance the 13th AHV pension, rejecting a mixed funding proposal that included higher employee contributions. This decision, influenced by a right-wing majority, faces challenges in Parliament and may lead to further discussions on pension reforms by 2026. A center-left alliance is pushing for a re-evaluation of the mixed financing solution, which could impact future pension funding strategies.
Blackstone is negotiating to acquire a 20% stake in Haldiram's, valuing the snacks business at $8 billion, despite Haldiram's seeking a $12 billion valuation. The firm previously aimed for a majority stake but shifted focus as Haldiram's is now reluctant to sell a larger share.
The global air fryer market, valued at $1 billion in 2023, is projected to grow at a CAGR of 7.4% through 2032, driven by rising consumer demand for healthier cooking options and technological advancements. North America is expected to lead the market, with the digital segment gaining significant traction due to its convenience and multifunctionality. Key players are focusing on innovation and partnerships to enhance their market presence.
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