Govt. Awareness Campaign on Direct Selling Malpractice

Study Notes

The Indian government is set to launch an awareness campaign to educate citizens about direct selling malpractices, aiming to empower them to make informed choices and mitigate risks associated with fraudulent schemes.
The campaign targets deceptive tactics often employed in direct selling, seeking to ensure fair marketplace practices and protect consumers.

Household consumption expenditure growth is showing signs of moderation and needs fresh growth drivers.
Demand for goods and services has grown in various sectors, including education, transportation, dining out, recreation, automobiles, and household appliances and semi-durable goods, with each sector reporting more than 10% expansion in FY23.

Housing sales in India have reached a record high of 173,241 units, representing an 11% increase compared to the same period in the previous year.
Office space leasing has also surged by 33%, reaching a total of 34.7 million square feet across eight major cities.
Premium housing sales accounted for a substantial share (34%) of all sales during this period.

Axis Bank is set to integrate Citibank's retail business by mid-July, with Citibank's customers switching to Axis Bank.
About 3,200 Citibank employees will join Axis Bank as part of the transition agreement in place since March 2022.
HDFC Bank's shares have been falling due to a foreign ownership cap of 55%, but investors are advised to look beyond this cap as the bank's fundamentals remain strong.

India's leading telecom companies, including Reliance Jio, Bharti Airtel, and Vodafone Idea, have raised tariffs across voice and data by 10-15%.

Generative AI faces challenges in replicating human creativity and originality, with AI often producing outputs that lack nuanced and innovative touches.
AI brain fog highlights the limitations of AI in generating truly novel and imaginative content without human intervention.
Large GenAI deals can foster job creation across different sectors of the IT industry, including software development, cybersecurity, and cloud computing.

Wipro Consumer Care Ventures and 9Unicorns have jointly backed the startup Let's Try, which focuses on offering unique and healthier food products.
Fabrito, a B2B fabric marketplace, has raised an undisclosed amount in pre-seed funding to enhance its capabilities and expand its market reach.

China has reopened to foreign students, but Americans are staying away.
China aspires to become a responsible great power, engaging in multilateral diplomacy, upholding international norms, and promoting regional and global stability.
Siemens CEO emphasizes the importance of India as a growing market for the company, with a large and growing middle class, increasing demand for infrastructure development, and a strategic location for exports to other Asian markets.