February core sector growth at 11-month high
Buoyed by a rise in the output of coal, cement and electricity, India's eight infrastructure industries grew at an 11-month high in February, although the recovery is unlikely to be sustained because of the disruption caused by Covid-19.
Core sector grows by 2.2% in Jan as power generation picks up
The production of coal, refinery products and electricity grew by 8 per cent, 1...
Core sector output shows growth after contracting for four months
The rebound signals that the economy may have bottomed out in the second qu...
COVID-19 impact: Services PMI falls to 5-month low
The Impact Covid-19 dented demand, especially in overseas markets, as discretionary spending was knocked by health measures
'India's tourism sector may lose Rs 5 lakh cr, 4-5 cr jobs could be cut due to COVID-19'
Of the total losses, the organised sector in the industry -- branded hotels, tour operators, travel agencies which are the mainstay of the sector - may be hit the hardest with an estimated loss of around Rs 1.58 lakh crore, according to Confederation of Indian Industry estimates.
UNCTAD estimates economic impact of Covid-19 at $1 trillion
Even as we await FM Sitharaman to unveil GoI’s Covid-19 mitigation economic package, the stimulus could be oriented towards the poor, unemployed and vulnerable sections such as contractual daily wage labourers as well as MSMEs. An income support of about Rs 7,500/month could be credited to the accounts of low-income and informal workers for 3 months.
Core sector contraction slows in November, eight infra industries’ growth 0% in Apr-Nov
However, for the first eight months of the year, the core sector growth was zero compared with 5.1% in the April-November period of 2018, data released by the commerce and industry ministry showed on Tuesday.
Core sector output for October contracts further to 5.8 per cent
The index was dragged down by electricity which reported a de-growth of 12.4% vs -3.7% in Sept.
Industrial production grows 2 per cent in January
According to data from the National Statistical Office (NSO), the manufacturing sector output grew by 1.5 per cent as compared with a rise of 1.3 per cent in the corresponding month a year ago.
January retail inflation at 7.59% hits a six-year high
Retail inflation in January rose to 7.59 per cent, a near six-year peak. Today's figures are slightly above December's 7.35 percent and the ...
RBI should target core inflation at 3 per cent: Pronab Sen
Referring to a report by the Comptroller and Auditor General (CAG), which pegged India’s fiscal deficit for 2017-18 at 5.85% against the government’s reported figure of 3.46%, Pronab Sen said, “3.4-3.5% fiscal deficit figure is fiction. Till the time we have the real deficit number, we can’t talk of the slippage. I think it is 4.2-4.4%.”
India services growth at over 7-year high on strong export demand
Growth in India's dominant service sector accelerated at a pace not seen in over seven years last month, boosted by a recovery in foreign demand and solid business confidence, a private survey showed on Wednesday.
Core sector output down by 5.2 % in the month of September
The core sector for the month of September contracted massively by 5.2 per cent from the 0.5 per cent contraction seen in August. The index ...
Core sector output contracts sharply by 5.2 % in September
The index was dragged down by coal mining which came in at -20.5 per cent.
National database of workers in informal sector in the works
The Bill seeks to empower the central government to formulate and notify, from time to time, suitable welfare schemes for unorganised workers on matters related to life and disability cover; health and maternity benefits; old-age protection; education; housing or any other benefit.
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