Economy
Even as economic recovery continues, India lost 5.5 lakh jobs in October
October is the first month since the recovery began in May that has recorded a fall in employment
Manufacturing PMI expands to 13-year high in October, signals economic recovery
The survey, however, showed that the Asia’s third-largest economy was signalling a fast recovery
GST collections cross Rs 1L crore for the first time after COVID-19 hit India
The revenues collected for the month are 10 per cent higher than the GST revenues in the same month last year
India's economy worst-hit among emerging markets
At 4.9 per cent retail inflation in 2020 will be the highest in India.
Gold demand in India plunges to 25-year low
India’s gold demand in 2020 might be the lowest in 25 years as the pandemic has already dragged down consumption in the first three quarters
Hospitality industry sees signs of revival in September
Revenue per available rooms grew 12 to 14 per cent month-on-month to Rs 815 – Rs 935, as per the data from HVS and Anarock.
RBI asks lenders for ex-gratia payment of interest on interest scheme
Government set November 5 as the deadline for banks to implement the waiver of 'interest on interest' scheme for six months
India receives $35 billion FDI in first five months of the fiscal
FDI is largely made by multinational companies, large institutions and private equity and venture capital firms
Centre to borrow Rs 1.1 lakh cr GST compensation for states
The amount so borrowed will be passed on to the states as a back-to-back loan in lieu of GST Compensation Cess releases
RBI gives relief to big ticket loans of above Rs 75 lakh
The latest announcement regarding home loan risk has done away with the requirement of factoring in loan amount while setting risk weights