-IndiaSpend.com New Delhi: In mid-October, machinist Bipin Ramesh Sahu, 38, was flown back to Surat from his southern Odisha village by his former employer, a textile mill owner. Sahu, among the 6.7 million migrant workers to lose their jobs and return home during the lockdown in India, assumed that his employer’s eagerness to re-employ him meant better living and working conditions in Surat--more humane shifts, safety gear, wage cheques instead of...
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Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »A day after RCEP, Jaishankar slams trade pacts, globalisation -Suhasini Haidar
-The Hindu ‘The effect of past trade agreements has been to deindustrialise some sectors’ India has allowed other countries “unfair” trade and manufacturing advantages “in the name of openness”, asserted External Affairs Minister S. Jaishankar, in a speech criticising the effects of globalisation on Monday. Speaking just a day after the 15-nation Regional Comprehensive Economic Partnership (RCEP) was signed, Mr. Jaishankar was particularly scathing of trade agreements, which he said had forced...
More »Is India heading towards Reliance's monopoly in retail space? Find out CCI Chairman's views -Dipak Mondal
-BusinessToday.in While fate of RIL's Future Retail acquisition remains uncertain after Amazon got an interim arbitration order against that transaction, consolidation in retail space has raised murmurs of growing monopoly of the company in retail and some other sectors Urban Ladder is the latest company in the retail space to be acquired by Reliance Retail. This comes close on the heels of its big ticket acquisition of Future Retail. While the fate...
More »The Hindu Explains: What is technical recession, and what does it mean for the Indian economy? -Suresh Seshadri
-The Hindu * What has the RBI cautioned about GDP decline amid the pandemic, and what lies ahead? The story so far: The Reserve Bank of India’s (RBI) latest monthly bulletin features an article by an official at its Monetary Policy Department titled ‘An Economic Activity Index for India’, where the author has, in a ‘nowcast’ (a forecast that estimates the outcome of a near-term event), projected that India’s GDP (Gross Domestic...
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