Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/1-1-million-job-losses-in-april-due-to-lockdowns-unemployment-rate-jumps-to-8-cmie/articleshow/82600685.cmsSynopsis Joblosses have pushed up India’s unemployment rate to 8% in April compared to 6.5% in March while the employment rate fell to 36.8%
Month: May 2021
Mobility curbs: More than 2.5 million trucks go off the road – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/mobility-curbs-more-than-2-5-million-trucks-go-off-the-road/articleshow/82623326.cms SynopsisAccording to Indian Foundation of Transport Research and Training or IFTRT, about 450,000 drivers who take up the difficult task of transporting necessities
‘PLI scheme can bring 8-12 GW more solar manufacturing capacity’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/pli-scheme-can-bring-8-12-gw-more-solar-manufacturing-capacity/article34543051.ece The ₹4,500-crore allocation towards solar modules may attract investments, says report The production-linked incentive (PLI) scheme for the renewable sector could facilitate the
PC shipments register 73 per cent growth in Q1 2021: IDC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/pc-shipments-register-73-per-cent-growth-in-q1-2021-idc/article34548562.ece A total of 3.1 million PCs were shipped during the quarter The Indian traditional PC market inclusive of desktops, notebooks, and workstations continued
Officers’ unions appeal to CVC to put annual transfers in PSBs on hold due to the pandemic – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/officers-unions-appeal-to-cvc-to-put-annual-transfers-in-psbs-on-hold-due-to-the-pandemic/article34549501.ece It will be very difficult for officers to shift to new locations amidst the Covid situation, say Unions Mumbai, May 13 The Unions,
The financial condition of PMC Bank continues to be precarious: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/the-financial-condition-of-pmc-bank-continues-to-be-precarious-rbi/article34550106.ece Liquidity position not improving enough to allow enhancement of withdrawal limit The Reserve Bank of India said any generalisation for release of funds
GDR scam: SEBI lets Aptech off the hook – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/gdr-scam-sebi-lets-aptech-off-the-hook/article34552194.ece Spares the company monetary penalty; says law cannot be applied retrospectively Market regulator SEBI had found Aptech Ltd guilty of fraud in the
For a robust data protection regime – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/for-a-robust-data-protection-regime/article34551998.ece While the law seeks to strike a balance between privacy and public good, it vests too much power in the govt The Personal
EVs need regulatory charge – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/evs-need-regulatory-charge/article34552060.ece India must put its electric vehicle transition plans in high gear Soon after US President Joe Biden took office, he passed an order
Retail loans constitute large share of loan recast by private banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/retail-loans-constitute-large-share-of-loan-recast-by-private-banks/article34549157.ece?homepage=true Overall restructuring of loans was low for most private sector banks; these banks have made sufficient provisions Even as Resolution 2.0 announced by
Cryptocurrency investors stuck as banks block transactions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/cryptocurrency-investors-stuck-as-banks-block-transactions/article34552410.ece?homepage=true Banks have directed payment gateways not to process cryptocurrency-related transactions: Sources Cryptocurrency exchanges and investors are facing a new challenge with most banks
Low-cost charge-points plan seen as big plug for EV adoption – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/low-cost-charge-points-plan-seen-as-big-plug-for-ev-adoption/article34552441.ece?homepage=true The Indian Standards for LAC for EVs will be released in the next two months The government’s initiative on low-cost AC charging infrastructure
Risky rush – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sebi-needs-to-do-all-it-can-to-steer-retail-investors-away-from-trading-in-risky-instruments/article34551816.ece SEBI needs to do all it can to steer retail investors away from trading in risky instruments Much has been written about the
IT hardware PLI not attractive enough – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/it-hardware-pli-not-attractive-enough/2251667/ Govt must put in place chunkier incentives, of closer to 3-4% and not the measly 2.2% that it is offering now Going ahead
Independent Directors: Indian companies slow in changing board composition, notes IiAS – The Financial Express
Clipped from: https://www.financialexpress.com/industry/independent-directors-indian-companies-slow-in-changing-board-composition-notes-iias/2251635/ The report has said that 14% (70 companies) were non-compliant with board composition norms. Out of these 70 companies, 55 companies were PSUs.
The rise of cash a transient symptom – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/the-rise-of-cash-a-transient-symptom/articleshow/82612200.cmsSynopsis The huge increase in India’s cash in circulation during the pandemic is no cause for alarm. Central bank data shows that currency in
Bankruptcy: NCLT delays compounded by lack of new appointments – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bankruptcy-indias-struggling-lenders-need-to-brace-for-more-pain-ahead/articleshow/82605785.cms Synopsis–The government’s prepackaged resolutions for MSMEs is also likely to put further strain on the system. Bankers, lawyers, Insolvency and Bankruptcy Board of
Auto retailers’ lobby writes to FM, RBI governor to request loan moratorium – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/auto-retailers-lobby-writes-to-fm-rbi-governor-to-request-loan-moratorium/articleshow/82604831.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Retailers, or dealers, make an upfront payment to automakers while purchasing vehicles and this is usually funded through loans with a payment cycle
Hiring for Debt Recovery Tribunals put on fast track – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/hiring-for-drts-put-on-fast-track/articleshow/82612485.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A government official confirmed this and said it was looking to appoint around 27 administrators, both as registrars and deputy registrars, in Delhi,
zomato IPO: As countdown begins for Zomato IPO, a Rs 14,000 crore question looms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/ipos/fpos/as-countdown-begins-for-zomato-ipo-a-rs-14000-crore-question-looms/articleshow/82605292.cmsSynopsis In its draft red herring prospectus, Zomato proposes to utilise 75 per cent of the Rs 7,500 crore IPO proceeds for tapping organic
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