Unemployment in India: Job creation dips 6.9% in January to 11.23 lakh, shows ESIC payroll data

The ESIC provides health insurance and medical services to its insured persons covering all those establishments which have 20 or more workers and all those employees whose monthly wages are up to Rs 21,000.
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How to create 10 crore jobs in the next five years- an advice to political parties

The report also points out towards a seven-pronged strategy for India to attain a growth rate of 9-10 per cent to become $5 trillion and create 10 crore jobs, by 2023-24.

Economy News

Food inflation likely to go up to 2 per cent in FY20: Report

In the report, foreign brokerage Goldman Sachs attributed the low food prices in the last few months to the prices of cereals and vegetables which have been low for some time.

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Your food is set to get costlier as inflation to see an upward trend in FY20

Going forward, food inflation is unlikely to shoot up sharply unless there is some shock related to weather events.

Economy News

Now, online facility to get export licence for restricted item; will promote ease of doing business

Exporters need to obtain licence from the government for certain restricted category goods such as bio-fuels.

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Liquidity position comfortable, to get further boost of Rs 35,000 cr via rupee-dollar swap, says Subhash Chandra Garg

According to a senior official of the RBI, the liquidity position in the system is comfortable and the central bank is constantly monitoring the situation in the system.

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Weak exports, rural distress, uncertainty over election outcome to drag down IIP: Report

As per the IIP data in January released by the Central Statistics Office (CSO), the growth in industrial production declined to 1.7 per cent as against 7.5 per cent a year ago, owing to subdued perfor

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2019 elections, rural distress to hit India’s industrial production

On the prices front, the report said, reversal in food prices that have remained unusually low are likely to push up inflation.

India's February manufacturing activity hits 14-month high as sales, output, employment accelerate News

RBI to issue regulatory sandbox guidelines for FinTechs in 2 months, says Shaktikanta Das

Observing that FinTech has the potential to reshape the financial services and financial inclusion landscape in India in fundamental ways, he said, it can reduce costs and improve access and quality o

Economy News

India jumps 2 spots on WEF’s global Energy Transition index, beats China

However, India is amongst the countries with high pollution levels and has a relatively high CO2 intensity in its energy system.

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US economists less optimistic, see slower growth, says survey

US economists are less optimistic about the outlook and sharply lowered their growth forecasts for this year, amid slowing global growth and continued trade frictions, according to a survey published

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Unemployment issue: Skills hold the key, not just degrees, says Teamlease Services senior VP

The Government today provides the highest amount of funding for skills development. Matching industry requirement via-à-vis skills requires focusing the skills development programs to yield output, s

Economy News

Housing prices up 7%, sales decline 28% and supply down 64% in last five years: Anarock

On operation performance of the housing segment, Puri said the prices in primary markets have seen more of a "time correction" rather than a price correction, with average prices across top-seven citi

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China to import more from US to balance bilateral trade, says official

Trump held back his threat to impose additional tariffs on the rest of Chinese imports as both sides stepped up talks to finalise the text of the deal.

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Over 1 crore enrolments expected by April-end under government’s pension scheme

The PMSYM scheme provides for a minimum monthly assured pension of Rs 3,000 for unorganised sector workers from the age of 60 years.

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India second most optimistic globally about executive job growth, says survey

57 per cent India's senior executives, in a survey of 1,436 senior-management professionals worldwide, said that they are optimistic about the growth in the number of job roles this year.

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Brexit crisis deepens, thousands gather to demand new referendum

Theresa May hinted on Friday that she might not bring her twice-defeated EU divorce deal back to parliament next week.

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Consumer sentiment remains weak despite India’s stellar growth, shows data

The official estimates have once again put forth India as the fastest growing major economy. However, weak consumer sentiments remain concerns, according to data from various sources.

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Convergence of views between India and US on international issues, economy: Indian envoy

High level engagement like the 2+2 dialogue between the two countries has once again thrown focus on the importance that both sides attach to the relationship.

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Govt crosses budget target for disinvestment, courtesy ETFs

On Friday, it mopped up Rs 10k cr from CPSE ETF and Rs 14.5k cr via PFC-REC deal.

Economy News

India’s forex reserves up by $3.6 billion to $405.6 billion

The increase in foreign reserves could partly be attributed to rising investments by foreign investors in the Indian capital markets.

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Govt exceeds disinvestment target, proceeds touch Rs 85,000 crore in this fiscal

In the current fiscal, the government is eyeing Rs 14,500 crore by way of sell of its 52.63 per cent stake in REC to state-owned Power Finance Corporation (PFC).

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Monetary Policy Committee to meet six times during 2019-20, says RBI

The external members are Indian Statistical Institute professor Chetan Ghate, Delhi School of Economics Director Pami Dua and Indian Institute of Management-Ahmedabad professor Ravindra H Dholakia.

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EPFO data refute jobless growth claims, says 76.48 lakh jobs created since September 2017

Around 76.48 lakh new subscribers were added to social security schemes of the Employees' Provident Fund Organisation (EPFO) from September 2017 to January 2019, the data showed.

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