- A rare and historic idol of Lord Raghunath, among other items, was stolen from the Ram Temple in Kullu town in Himachal Pradesh.
- The Saudi Arabia government has approved an agreement for recruitment of Indian domestic workers including maids, media reported.
- State Bank of India launched a tool to track manufacturing activity & offer a forward-looking economic trend. The SBI Composite Index rivals the existing data point from British lender HSBC. The SBI index has been developed on the basis of the bank’s internal loan portfolio, which mirrors the credit demand in the country, and other data sets available in public domain. The bank has created two indices — the SBI Monthly Composite Index and the SBI Yearly Composite Index. Both fulfil complementary purposes such as month-on-month sentiment movement and year-on-year growth forecast, respectively. The index would also take into account other indicators of economic activities such as consumer spending, mining, interest rates, inflation and exchange rates on a monthly basis. The indices would be released every month post-RBI’s credit growth number.
Credits: The Hindu, Google.
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