-The Hindu Business Line The expanded ambit now allows a larger pool of enterprises to get the benefits of the MSME Act and pandemic-induced reforms Micro, small and medium enterprises (MSMEs) are amongst the strongest drivers of the economy with a vast network of about six crore enterprises, contributing about 45 per cent to manufacturing output, 50 per cent to exports, around 30 per cent to GDP, and creating employment for about...
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Nitrous oxide human emissions increased 30% in 36 yrs: Report - Akshit Sangomla
-Down to Earth 43% of total emissions of nitrous oxide, a greenhouse gas 300 times more potent than carbon dioxide, came from human sources, the report said Human emissions of nitrous oxide (N2O) — a greenhouse gas 300 times more potent than carbon dioxide (CO2) — increased by 30 per cent between 1980 and 2016, according to a research paper published in Nature October 7, 2020. Nitrous oxide is a dangerous gas for...
More »India’s GDP expected to contract by 9.6 per cent this fiscal: World Bank
-PTI/ The Indian Express "India's GDP is expected to contract by 9.6 per cent in the fiscal year that started in March," the World Bank said in the report released here. Washington: The World Bank on Thursday said that India’s GDP is expected to contract by 9.6 per cent this fiscal which is reflective of the national lockdown and the income shock experienced by households and firms due to the COVID-19 pandemic,...
More »Passenger vehicle retail sales grow for the first time since March -Yuthika Bhargava
-The Hindu Total vehicle retail sales continue to be on the decline. Total vehicle retail sales in the country continued to decline year-on-year in September 2020, even as passenger vehicle registrations turned positive for the first time since March growing at 9.81% during the month, as per data from the Federation of Automobile Dealers Associations. Total vehicle registrations fell to 13.44 lakh units in September 2020, down 10.24% from about 14.98 lakh units...
More »Maharashtra: Economy heads for a double-digit fall as business, consumption slow down -Sandeep A Ashar
-The Indian Express "In terms of Gross State Value Added or GSVA, the economy will likely see 7.4 per cent plunge in the October-December quarter from a year ago. To make matters worse, the number will only worsen further with demand remaining subdued,” a senior government source said. Mumbai: With business activity and consumption set back by Covid-19 cases, the state government’s latest economic forecast has projected 16.4 per cent contraction in...
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