Economy News

Power demand jumps 6 percent, first time after lockdown phase

Power demand jumps 6 percent, first time after lockdown phase

New Delhi: Easing of lockdown curbs lifted India's energy demand in September after a decline of six months, said India Ratings and Research (Ind-Ra) on Thursday.In a report on India's power sector, the ratings agency said that in September 2020, the all-India energy demand increased 4 per cent YoY ...

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Report: Festive season can economy, but only temporarily

Report: Festive season can economy, but only temporarily

New Delhi: Festival season is expected to give a temporary boost to India's economic prospect, brokerage major Motilal Oswal Financial Services said.Accordingly, the brokerage firm's EcoScope report said favourable base effect, pent-up demand and strong inventory re-building in the hope of a grand f...

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For 11.58 Railways' staff, here is the Bonus

For 11.58 Railways' staff, here is the Bonus

New Delhi: The good news for Indian Railways employees is approval from a Union Cabinet for bonus equivalent to 78 days wages for financial year 2019-20.In a statement, the Railway ministry said, "About 11.58 lakh non-gazetted railway employees have been granted bonus equivalent to 78 days wages for...

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A Gold rally is unlikely until 2021

A Gold rally is unlikely until 2021

Mumbai: It is unlikely that Gold could repeat the awe-inspiring rally that it achieved in the month of August.Gold rallied over $2,000 levels ($2,072.50). In India's domestic markets, the price shot off beyond Rs 55,500. That, the rally of over 15 percent was observed in a few trading sessions, prom...

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Agri-ministry intervention on pesticide import policy could save Rs 3,000 cr

Agri-ministry intervention on pesticide import policy could save Rs 3,000 cr

New Delhi: Highlighting that the policy to allow the import of readymade formulations without registering the technical grade pesticides will rob Indian farmers' of income and scuttle the dreams of 'Atmanirbhar Bharat', the Pesticides Manufacturers & Formulators Association of India (PMFAI) has ...

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India's FDI inflows increased after lockdown and April policy tweak

India's FDI inflows increased after lockdown and April policy tweak

New Delhi: The pandemic of Coronavirus and a nationwide lockdown that began in March did not dampen India's FDI inflows.In fact, a crucial policy tweak in April, also may not have affected FDI inflows.Latest data from India's Commerce Ministry reveals inflows into India in the form of Foreign Direct...

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How China's skilled labour force helped in boosting its economy

How China's skilled labour force helped in boosting its economy

New Delhi: When India and China were locked in the 1962 war, both economies were on the same plank. It was in the 1950s that both countries started rebuilding their economies-India under its first prime minister Jawaharlal Nehru and China under Mao Zedong.According to the World Bank, India's GDP gro...

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Jobs of Tomorrow: Expect Double Disruption and machines snatching your jobs

Jobs of Tomorrow: Expect Double Disruption and machines snatching your jobs

Its 2020 and machines & algos may have already destroyed several jobs and businesses. Five years later, expect the divide to get spicier given what World Economic Forum calls a Double Disruption.According to a WEF report, the workforce division is expected to get as disruptive as one would have ...

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ICRA finds India's economy recovered in Sept

ICRA finds India's economy recovered in Sept

New Delhi: India's economic recovery has "broadened and strengthened" in September from the pandemic-induced lows seen in April 2020, ratings agency ICRA said on Tuesday.ICRA said that as many as nine of the tracked 15 non-financial high frequency indicators recorded growth in September 2020, while ...

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PSUs may have to pay more dividends this year

PSUs may have to pay more dividends this year

New Delhi: As the revenues earned by the Central government have dried up, it wants cash-rich public sector undertakings (PSUs) to declare higher dividends this year to reward its shareholders during the ongoing Covid-19 pandemic.Official sources said PSUs with stock prices higher than the book valu...

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