DATE : 7/4/24

NEWSPAPER CREDITS- THE INDIAN EXPRESS

HOW AGENTS DUPED INDIAN JOB SEEKERS

1. Dinabandhu Sahu migrated to Cambodia, lost

everything -wife’s jewellery, now works at fuel
station.

2. Among 5000 trapped in Cambodia, forced into

cyber crime, returned after case taken by Union
Education Minister.

3. 250 rescued , Lack of opportunities led agents to

exploit the desperation.

4. Crimes in which they were lured (attracted) into

included creating fake social media profiles to attract
rich investors.
VI GETS BOARD APPROVAL FOR RAISING 2075 CR FROM
ADITYA BIRLA GROUP

1. Debt Ridden Vodafone Idea said its board has approved

raising of Rs 2075 cr from Aditya Birla Group, increasing
authorised share capital to Rs 1 trillion.

2. Approvals , a part of company to raise Rs 20000 crore of

capital to fund its operations and lower debt burden.

3. Raising 20000 cr through equity and 25000 cr through

lenders.

4. Funds to repay vendors, strengthen its 4G network and

fund the launch of 5G services.

5. Based on the cash-flow position, weakening of market

share and absence of fund raise , Vodafone is expected to
have a gap of Rs 30000 crore FY27 onwards.
GLOBAL AVERAGE DEBT PROJECTED TO REMAIN ABOVE
PANDEMIC LEVELS FOR ABOUT HALF OF THE WORLD : NK
SINGH

- Former Finance Commission Chairman NK Singh emphasized

the need for exploring new principles and debt numbers to
incentivize growth.

- Prime Minister Narendra Modi urged the RBI to conduct a

study on rising debt levels, especially due to excessive economic
expansion globally in recent years.

- Long-term growth is highlighted to stem from investments in

asset creation infrastructure. NK Singh questioned whether such
investments should be treated differently in determining fiscal
deficit(a shortcoming in the income of the government as
compared to spendings) levels and stressed the importance of
designing fiscal rules for global compliance.

- Fiscal profligacy( using of too much of something) historically

led to seeking accommodation from multilateral and bilateral
entities, with modest growth contributing to fiscal pressures.

- Former President Ram Nath Kovind emphasized sound fiscal

management as crucial for economic prosperity. Predictability
and certainty in tax architecture and economic policies are
essential for attracting both public and private capital and
improving the quality of public expenditure.
Consumers optimistic about economic situation income,
employment for next one year : RBI survey.

1. Indian consumers optimistic about economic situation,

income, and employment prospects, per Reserve Bank of
India survey.

2. Current Situation Index (CSI) reaches 98.5, highest

since mid-2019, indicating sustained consumer confidence
recovery.

3. Future Expectations Index (FEI) at 125.2, highest since

mid-2019, reflects increased optimism across surveyed
parameters.

4. Anticipated inflation moderation in coming year, as per

RBI's Household Inflation Expectations survey, with
decreased expectations for short-term and long-term
inflation.

5. RBI Governor Shaktikanta Das emphasizes need for

actively disinflationary(a situation where inflation
increases at a slower rate) monetary policy amidst (in the
middle of)food price uncertainties. Monetary Policy
Committee (MPC) maintains unchanged policy rate at
6.5% to anchor inflation expectations.