Mint Morning Digest: Atal Pension Yojana update, Salman Rushdie health and more

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The Atal Pension Yojana account of taxpayers who join after October will be closed

The eligibility rules for opening an Atal Pension Yojana (APY) account will change from October 1, 2022. From October 1, 2022, a taxpayer will no longer be able to subscribe to the Atal Pension scheme. The central government has clarified that if a taxpayer opens an APY account under the APY scheme, their account will be subject to closure. Therefore, the APY account of taxpayers who join the APY scheme in October 2022 and after will be closed. Learn more here.

The price of gold climbs as the dollar index slips to its lowest level in 4 weeks. Good opportunity to buy?

Gold prices remained firm and finished with the fourth consecutive week of gains while hovering near the psychological mark of $1800 an ounce. The gold futures contract for October on the Multi Commodity Exchange (MCX) closed at 52,579 levels, around 1.37% higher than its close last Friday. 51,864 levels of 10g. Learn more here.

Factory activity moderates following the disappearance of a favorable base effect

India’s industrial activity moderated slightly in June after hitting a yearly high the previous month as the favorable base effect faded, but remained in double digits for the second month in a row, the data showed. official. Learn more here.

Dabur’s Amit Burman resigns as president

Fast-moving consumer goods company Dabur India Ltd announced on Friday that Amit Burman had stepped down as chairman of the company. effective after the close of business hours on August 10, 2022. However, Burman will continue as a non-executive director. Learn more here.

Call for CEO change hits Paytm

Shares of One97 Communications, the parent company of Paytm, fell nearly 5% on Friday, following a report by a consultancy opposing the reappointment of its chief Vijay Shekhar Sharma as director general and raising doubts on the company’s path to profitability. Learn more here.

LIC invests 34,000 cr of equity in the first quarter

Life Insurance Corp. of India (LIC) made net purchases of shares worth more than 34,000 crore from the equity market in the first fiscal quarter, the country’s largest insurer said on Friday, as it reported significantly higher net profit of 602.78 crores for the June quarter. Learn more here

Torrent and Sembcorp scramble to buy Vector Green Energy

Torrent Power Ltd and Singapore’s Sembcorp Industries Ltd are in the running to buy Indian clean energy platform Vector Green Energy from US private equity firm Global Infrastructure Partners (GIP), two people with knowledge of the development said. in what is set to become one of the largest clean energy contracts in India. Learn more here.

Retail price inflation eases to 6.71% in July, but still far from RBI target; GDP increases by 12.3% in June

Retail inflation in India eased in July to 6.71% due to moderating food inflation, but remained well above the Reserve Bank’s 4-6% tolerance limit of India for the seventh consecutive month, data from the National Statistics Office revealed on Friday. Learn more here.

EU shouldn’t be a ‘supermarket’ for wealthy Russians, says Ukrainian Zelenskiy

On August 12, Ukrainian President Volodymyr Zelenskiy issued a new appeal to European Union countries asking for visa bans for Russian nationals to prevent the bloc from becoming a “supermarket” open to anyone with the means. to enter. Learn more here.

Salman Rushdie latest: ‘Satanic Verses’ writer may lose an eye

Author Salman Rushdie, who was stabbed on Friday, is believed to have lost an eye, damaged liver and severed nerves in one arm – according to his rep. Learn more here.

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