-TelanganaToday.in Pvt consumption and investment (90% of GDP) have shrunk 35% and revised numbers could present a scarier picture On 31st August, the National Statistical Office (NSO) came out with the provisional estimate of the GDP. According to this, the GDP shrunk by 23.9% during April, May and June as compared with the first quarter of the last financial year (2019-20). Aggregate private final consumption expenditure contracted 26.7% and investment (including gross...
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Big rural credit push from RBI, start-ups put in priority sector -George Mathew
-The Indian Express Loan limits for renewable energy, health infrastructure doubled The Reserve Bank of India (RBI) on Friday brought financing of start-ups under the priority sector lending (PSL) category of the banking sector, proposed more credit flow to districts with lower PSL, and doubled loan limits for renewable energy and health infrastructure “to align it with emerging national priorities and bring sharper focus on inclusive development.” In a bid to address regional...
More »Rehabilitation of Gulf returnees: Telangana to start training, provide jobs in construction sector -Rahul V Pisharody
-The Indian Express Over 19,000 Gulf returnees register with government for training at the National Academy of Construction. As the latest unlock guidelines come into effect, Telangana has decided to go ahead with the rehabilitation of the Gulf migrants who have recently returned to the state owing to Covid-19 pandemic and other reasons. While the pandemic has expedited the process of their return, it was in October last year that Telangana Chief Minister...
More »Indian economy is heading for a K-shaped recovery and it won’t be a pretty sight -TN Ninan
-ThePrint.in K-shaped recovery means the growing gap between ‘winners and losers’. An example in India is the stock market being healthy while millions have lost their jobs. Amidst the flood of commentary that followed the finding that the world’s fastest-growing large economy had become its fastest-shrinking one, an observation that stood out was that India’s growth potential had dropped from 6 per cent to 5 per cent. Now, it has been obvious...
More »Cong glare on crores in job test fee - Sanjay K Jha
-The Telegraph The party accused the govt of either not conducting any tests or not handing out appointment letters in years The Congress has accused the government of collecting hundreds of crores as employment examination fees although it has either not conducted any tests or not handed out appointment letters in years. The Congress on Friday reminded the government that millions of families have been subjected to extreme miseries because of the massive...
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