Connecticut to consider 3% rate cut for voluntary market

– Advertisement – The National Council on Compensation Insurance has recommended a 3% average reduction in workers compensation premium rates for the Connecticut voluntary market. Proposed changes to voluntary loss cost level will vary by industry group, with NCCI proposing an average decrease of 0.7% for the miscellaneous sector and a 5.3% reduction for the office and … Read more

Market Closes Positively, Sensex Gains 1000 Points Post RBI Interest Rate Hike

– Advertisement – Stocks oi-Jalaj Jain | Published: Friday, September 30, 2022, 15:35 [IST] The markets have closed positively, and the benchmark indices of the Indian market have surged rapidly in today’s trading session. Bank, Finance, Energy, and Realty sector have dragged the markets to a positive move; however, FMCG and IT sector underperformed during … Read more

Front-loaded rate hikes reduce need for action later, says RBI deputy governor Patra

– Advertisement – MUMBAI: Reserve Bank of India deputy governor Michael Patra said that the front-loading of interest rate hikes to tame inflation will reduce the need for subsequent increases. In the near term, however, he said the inflation trajectory depends on geopolitical developments, global commodity prices, and global financial market developments. “Our role has … Read more

8.4% comp rate decrease proposed for Florida businesses

– Advertisement – The National Council on Compensation Insurance on Wednesday filed its recommendation for an 8.4% rate level decrease for workers compensation, effective Jan. 1, 2023. NCCI said it is filing that experience data for policy years 2019 to 2021 show “(f)avorable experience” with Florida’s frequency of lost-time claims having “generally declined when viewed … Read more

Global shares slide, dollar dominates as interest rate hike fears mount

– Advertisement – By Wayne Cole and Lawrence White SYDNEY/LONDON (Reuters) – Shares slipped on Monday and the dollar extended its climb amid angst over global growth as most central banks keep raising rates, while a modest easing by China served only to highlight troubles in its property market. U.S. … Read more

MPC minutes suggest further repo rate hikes to tackle rising inflation

– Advertisement – The minutes of the monetary policy committee (MPC) deliberation for the August monetary policy review indicated more interest rate hikes in the coming months as the retail inflation remained elevated, even as panel members noted that it may have peaked. The six-member monetary policy committee of the Reserve Bank … Read more

2022 Housing sales to breach pre-Covid levels despite rate hikes: Industry

– Advertisement – India’s residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic level of 2.62 lakh units, industry players said. After braving four back-to-back disruptions in form of demonetisation, RERA, … Read more

Indian Silver Rate Revives Sharply By Rs. 800, At Highest Level In August Today

– Advertisement – News oi-Kuntala Sarkar | Published: Saturday, August 13, 2022, 14:31 [IST] Indian silver rates are significantly up today, following the international price trend. Silver prices, on August 13, in India, are quoted at Rs. 5930/100 grams, gaining sharply by Rs. 80/100 grams. So, the silver rate surged by Rs. 800 per 1 … Read more

MCLR more effective in policy transmission than base rate regime: RBI paper

– Advertisement – The newer marginal cost of funding based lending rate (MCLR) system is more effective than the erstwhile base rate method, a paper by the Reserve Bank of India said on Friday. The paper said that for every 1 percentage point increase by the RBI in its repo rate, the … Read more

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