-The Hindu Affidavit says that legislators are not bound by specific service conditions like that of government employees. The Central government has told the Supreme Court that it rejected the idea of barring convicted legislators for life from contesting elections, forming or becoming an office-bearer of a political party. The Union Ministry of Law and Justice said an elected representative of the people cannot be equated with public servants who are Banned for...

-Livemint.com/ PTI * 'Despite being the worst affected sector in Q1(due to lockdown), it is quite puzzling how manufacturing turned itself around in Q2,' says Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI * There is evidence of inventory buildup that could act as a drag on future manufacturing growth, says Ghosh New Delhi: The surprise resilience shown by the manufacturing sector that restricted GDP contraction to only 7.5 per cent in September...

-The Hindu Country enters technical recession. India’s Gross Domestic Product (GDP) contracted 7.5% in the second quarter of 2020-21, following the record 23.9% decline recorded in the first quarter, as per estimates released by the National Statistical Office on Friday. The country has now entered a technical recession with two successive quarters of negative growth. However, the economy’s performance between July and September when lockdown restrictions were eased is better than most rating...

-The Hindu Snag comes amid rising levels of hunger and poverty. Some States have developed their own software modules A massive nutrition portal developed by the Bill and Melinda Gates Foundation (BMGF), which is used by the Centre as well as most States, and touted as the world’s biggest nutrition system, to record and monitor delivery of services to children and mothers across nearly seven lakh anganwadis has been down for nearly...

-PTI/ The Hindu The report is based on a survey of 120 payments executives at Banks globally regarding the transformation of their payments business About 66.6 billion transactions worth USD 270.7 billion are expected to shift from cash to cards and digital payments by 2023 in India, and further increase to USD 856.6 billion by 2030, a report by Accenture said on Tuesday. This rapid shift to digital payments due to the COVID-19...