Companies Indian Subcontinent Industries Jobs Market

Drop of direct tax by 31% and indirect tax by 11 % alarms worst fiscal deficit in cards

According to data provided by Minister of State for Finance Anurag Thakur in Lok Sabha :   The net direct tax collection in April-August period of the current fiscal was 31.1 per cent lower on year-on-year (YoY) basis at over Rs 1.92 lakh crore During the same period of the last financial year, 2018-19, the Read More…

Industries Jobs Market

Q1 2020 : Exports fall drastically by 25.42% says Union Minister Piyush

India’s overall export (merchandise plus services) has declined by 25.42% during the period April-June, 2020 as compared to the corresponding period of the previous year, the ministry of commerce and industry said in a statement on Wednesday.   “The quick estimate of the Index of Industrial Production (IIP), released by the Ministry of Statistics and Read More…

Jobs Market Parliament

Opposition slammed BJP government over rise in unemployment and deaths of migrants

The Congress last week took up the Asian Development Bank (ADB) and International Labour Organisation (ILO) report, which has estimated that the unemployment rate in the country is likely to be at 32.5 per cent in case the spread of coronavirus is contained within six months of the start of rigorous containment measures. Further, the Read More…

Corona Virus Europe France Jobs Life Style

COVID-19 unemployment : France extends furlough scheme until next summer

The French government will continue paying up to 84% of salaries for furloughed workers “until next summer” due to prolonged economic fallout from the coronavirus pandemic, labor minister Elisabeth Borne announced Thursday on France’s BFM television.   France has already spent tens of billions of euros on the temporary unemployment scheme since the start of Read More…

Banks Companies Indian Subcontinent Industries Jobs Market Opinion

Former RBI Governor Raghuram Rajan warns India’s drastic GDP fall

A week after India reported a significant contraction in its GDP during the April-June quarter of 2020-21 fiscal, former Reserve Bank Governor and noted economist Raghuram Rajan has said that the negative GDP growth numbers should alarm everyone.   Emphasising on the importance of government relief or support in the given scenario, he pointed out Read More…

Corona Virus Jobs Market National Opinion

22 State Respondents voted Indian economy fall is more dangerous than COVID-19

A survey conducted by the Centre for Public Policy Research states Nine out of ten respondents said COVID-19’s threat to the economy was highly severe.   This survey, which was conducted before India’s quarterly GDP was released, found that eight out ten respondents believed that the economy would remain affected for more than nine months, Read More…

America Banks Business China Companies Europe Indian Subcontinent Industries Jobs Market Opinion

FY 21 Quarter one : India’s worst economic contraction in 40 years GDP shrinks by 23.9%

India’s gross domestic product (GDP) contracted 23.9 per cent in the April-June quarter of 2020-21 from that in the same quarter last financial year, showed official data released by the National Statistics Office (NSO) on Monday. This is the first instance of an economic contraction for the country in at least four decades, and also Read More…

Companies Indian Subcontinent Industries Jobs Market

Rahul Gandhi lists three factors Modi did that spoiled Indian economy

Gandhi released the promo of his upcoming video series ‘Arthvyavastha Ki Baat, Rahul Gandhi ke saath’   This means Talk About The Economy with Rahul Gandhi. He said the video series will be available on Monday at 10am.   Congress leader Rahul Gandhi on Sunday announced a new series of videos to talk about the Read More…

Companies Industries Jobs South India

Don’t sell profit making HAL shares its employees pleads to PM Modi

Two days after Modi government announced the selling of 15 percent of its stake in state owned aerospace and defence company Hindustan Aeronautics Limited (HAL), employees of the company, wrote to PM Narendra Modi urging him not to sell the government’s stake and weaken the 80-year-old PSU.   Arguing that HAL is a Navratna defence Read More…