The main services index rose to 12.6 in May after April's 5.4, data published by IHS Markit showed. The services sector accounts for more than half of India’s economy.
A survey done by Care Ratings Ltd. showed that banks, insurers, auto makers and logistics and infrastructure companies are among those hiring at a slower pace.
This would make the rupee stronger, further putting the manufacturing sector at a disadvantage. And that would mean lack of domestic jobs for millions of youth.
Our brand of socialism did not result in transfer of wealth from the rich to the poor but only from the honest rich to the dishonest rich, lawyer-jurist Nani A Palkhivala said in 1991.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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