Economy

Economic revival broadened and strengthened in September with about nine non-financial leading indicators recording growth during the month while five such indicators narrowed their contraction, according to rating agency ICRA. “The recovery in GST e-way bills, electricity, petrol and diesel in September 2020 provides a meaningful signal of a broader economic revival,” said Aditi Nayar,
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New Delhi: At a time when the COVID-19 pandemic has disrupted the job landscape, gig employment is gaining ground and is offering huge potential for both blue-collar as well as white-collar workers, according to experts. Gig workers are independent contractual workers who are into flexible agreements with companies or through platforms for on-demand work completion.
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By Andy Mukherjee India’s Covid-19 economic gloom turned into despair this week, on news that its per capita gross domestic product may be lower for 2020 than in neighboring Bangladesh. “Any emerging economy doing well is good news,” Kaushik Basu, a former World Bank chief economist, tweeted after the International Monetary Fund updated its World
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New Delhi: The government on Friday issued a clarification to its September 2019 policy that allowed up to 26% foreign direct investment (FDI) in the ‘news digital media sector’ through the approval route. It explicitly covers aggregators and could affect entities such as Dailyhunt, Inshorts, experts said. The policy will apply to Indian entities registered
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(This story originally appeared in on Oct 16, 2020) NEW DELHI: The government is launching a campaign, Atal Beemit Vyakti Kalyan Yojana (ABVKY), to ensure that Employees’ State Insurance Corporation-registered workers who had lost their jobs during the lockdown can claim of 50% of their wages for up to three months as unemployment relief even
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New Delhi: Finance Minister Nirmala Sitharaman on Thursday said V-shaped pattern of recovery is being seen in several high-frequency indicators, driven by various measures taken by the government to revive economic growth, hit hard by the outbreak of COVID-19 pandemic. In her address to the plenary meeting of the International Monetary and Financial Committee (IMFC),
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New Delhi: Corteva Agriscience on Tuesday claimed that its farm intervention in five states, like Maharashtra and Karnataka, helped smallholding farmers growing corn reap benefits. Training on new agri-methods and adoption of farm mechanisation among other interventions has led to “much-needed increase in income” of small farmers, it said. “…we have been working to empower
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MUMBAI: India’s September retail spending rose 12% from August with revival strongest in rural areas, according to data collated by CMS Info Systems, which handles cash movement and ATMs across the country. The biggest increase was seen in spending related to ecommerce, fast-moving consumer goods (FMCG), consumer durables, insurance, utility payments, healthcare, logistics and transportation,
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CHENNAI: The Government of Tamil Nadu signed 14 Memorandum of Understanding (MoUs) worth Rs 10,055 crore on Monday, a press statement confirmed. The state leads the country in post-Covid investments in Q1 and Q2 (private investments and manufacturing) with 42 MoUs worth Rs 31,464 crores being signed during the period to create 69,712 jobs. The
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The delayed withdrawal of monsoon is unlikely to hit the ongoing harvest of kharif crops, the head of agricultural meteorology at the weather office has said. “Immediately, there is no concern,” Kripan Ghosh, head of Agrimet Services at the India Meteorological Department, told ET. He said the weather office is prompt in guiding farmers about
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New Delhi: The Delhi government has exempted road tax on its battery-operated vehicles under its new Electric Vehicle Policy, Delhi Transport minister Kailash Gahlot said on Sunday. The Transport department, in it notification issued on Saturday, stated that the Lieutenant Governor of the National Capital Territory of Delhi exempted the tax levied upon all battery
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