Interest rate hikes, income limits, and a crypto reporting suite

Stable inflation indicates high rate growth. Federal Reserve’s Open Market Committee 75 basis points hike in short-term interest rates, This is the Fed’s biggest rate hike since 1994. Sen. Romney amended his proposed Family Protection Act. Their plan will provide a monthly cash benefit of up to $350 for each young child and $250 for each school-aged child. However, full benefits will only be available to households with an income of at least $10,000. Romney, who has two GOP co-sponsors on his new plan, will fund his proposal by eliminating…

Alfa Laval hikes delisting price to Rs 2,850 per share

Mumbai: A subsidiary of Alfa Laval (India), Sweden-based Alfa Laval Corporate ABLtd. today said its parent company has increased the delisting offer price to Rs 2,850 per share. In a filing with BSE, Alpha Laval India said that its parent company has increased the delisting offer price “keeping in view the prevailing market conditions and with a view to reward the shareholders”. However, the company further said, “The offer price should in no way be treated as ceiling or ceiling price for the purpose of reverse book-building process and the…

MSP: MSP hikes marginally amid inflation concerns

The government on Wednesday announced a 5-9% increase in the minimum support price (MSP) for summer sown crops in the 2022-23 season. These rates, the highest since 2018-19, were still lower than expected, due to a large increase in the prices of various agricultural inputs – from seeds and fertilizers to electricity and transport. The Cabinet Committee on Economic Affairs (CCEA), which approved the recommendations of the Committee on Agricultural Costs and Prices, struck a balance between the twin objectives of providing income support to farmers and curbing runaway food…