-Scroll.in Some of these workers had found temporary jobs with political parties for the upcoming Haryana Assembly elections. Rahul Kumar Sharma, 22, worked in the welding department of an auto-component company in Manesar, Haryana, fixing nuts and bolts that would be later assembled to form a car door. He had joined the company in June 2017. The work hours were gruelling. For a nine-hour shift, he earned a monthly salary of Rs 9,765...
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'Don't give sops, it's public money': SC raps Delhi govt on free rides for women in Metro
-The Indian Express The apex court said that the Delhi government is bound to ensure that the financial health of Delhi Metro Rail Corporation is maintained properly and no steps are taken that might result in losses. The Supreme Court Friday came down heavily on the Delhi government for its ambitious proposal to make metro travel free for women, saying it might lead the Delhi Metro Rail Corporation (DMRC) to losses. The...
More »Adopt a green growth strategy to boost the sluggish automobile sector
Among the measures announced by the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 23rd August, 2019 to arrest economic downturn, the following are noteworthy: * Allow Bharat Stage IV (BS-IV) vehicles (which are purchased till 31st March, 2020) to remain operational for the entire period of registration; * Government shall lift the ban on purchase of new vehicles for replacing all old vehicles by its various departments; *...
More »Truck sales crash 60%; Ashok Leyland sees decline of 70% in August -Shally Seth Mohile
-Business Standard Volumes during August were dragged down by the top two manufacturers, which together sell more than seven in every 10 trucks Mumbai: Sales of medium- and heavy-duty commercial vehicles (M&HCVs), excluding buses, considered a barometer of economic activity, more than halved in August, as transporters — struggling with excess capacity owing to a slowing economy and consumption slowdown — deferred purchases, the monthly sales data released by truck makers shows. India’s...
More »Cyclical or Structural -- What is the nature of India's economic slowdown? -Nikita Vashisht
-TheWire.in Some analysts believe that a slowdown in the GDP growth for the fourth consecutive year, from 8.2% in FY17 to around 6.5% in FY20 (E), makes it a case of structural slowdown. India’s real or inflation-adjusted gross domestic product (GDP) grew at 5% in the June 2019 quarter of financial year 2019-20 (Q1FY20), the slowest growth in six years (25 quarters). In nominal terms, the growth stood at 7.99%, the lowest...
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