The S&P Services PMI Index for April also pointed out that the level of job creation had remained static despite the growth in business activity, and that input price pressures remain.
Several ASHA workers said authorities who earlier assured them better wages, PPE and safe working conditions haven’t kept those promises despite a two-day stoppage last year.
Mahindra, which bought a 70% stake in Ssangyong Motors Co for $368 million in 2010, will hold 30% or less if the deal goes through. It will also do a 25% capital reduction.
The pace of activity was enough for the RBI to revise its forecast for the economy, which it now expects to exit a recession in the current quarter to December.
Finance Minister Nirmala Sitharaman has announced collateral-free loans, credit guarantees, capital infusion and various other liquidity-boosting measures for MSMEs, NBFCs & DISCOMs.
Government is banking on NSSF, market and investors. But if any of these don’t play as per the script, then financing of fiscal deficit will become challenging.
Govt needs to facilitate wage-intensive manufacturing by ensuring labour law reform, a competitive rupee, efficient infrastructure and supply-chain development.
Capacity utilisation rate, consumer confidence, and outlook for demand in manufacturing sector in third quarter were less optimistic, RBI surveys show.
Is the world drifting toward another world war? China’s rise, hyper-nationalism, and border conflicts highlight similarities with the conditions that led to the previous world wars.
Bibek Debroy, chairman of Prime Minister’s Economic Advisory Council, also suggested that analysing inequality at the state level might provide a clearer picture of inequality, as a national estimate could be misleading.
Pictures had emerged of Chinese soldiers carrying rifles and iron rods with machete-like heads in the vicinity of India’s forward locations on the southern bank of Pangong Tso in 2020.
Occasional lovers’ tiffs have marked history of RSS-BJP relations. To think that Nagpur will bring about any change in leadership is a misreading of both its intent and its power.
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