The dismal urban jobs scenario remained unabated even in November with employment in cities and towns falling by 0.9 million even as it increased in rural areas by 2.3 million over October level.
The country’s overall unemployment rate declined to 7% in November from 7.8% in October and the employment rate rose from 37.28% to 37.34%. India had a total of 400.8 million employment in October which rose to 402.1 million in November.
According to the Centre for Monitoring Indian Economy (CMIE)
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-
Urban employment slips by 0.9 million in November
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Urban employment slips by 0.9 million in November
The country’s overall unemployment rate declined to 7% in November from 7.8% in October and the employment rate rose from 37.28% to 37.34%. India had a total of 400.8 million employment in October which rose to 402.1 million in November. -
Trai to telcos: Allow port out SMS facility irrespective of tariff offer
Sector regulator Trai on Tuesday directed telecom operators to "immediately" enable port out SMS facility for all mobile users requiring it, irrespective of value of their tariff offer, vouchers, or plans they have opted for. -
Getting loans from fintech apps? Here's how to protect yourself from frauds
Scamming lenders usually put borrowers under pressure to apply for a loan by giving them deadlines. -
'Top 1% hold 22% of income: India among most unequal nations'
Income inequality in India has been a major concern since long. In 2021 as well, the top 1 per cent of the population earned 22 per cent of the country's total national income, while the bottom 50 per cent earned just 13 per cent, the World Inequality Report 2022 showed on Tuesday. -
US trade deficit narrows in October as exports rebound
The U.S. trade deficit narrowed to USD67.1 billion in October, the lowest in six months, after hitting a record high in September. A big rebound in exports helped to offset a much smaller rise in imports.
The October deficit was 17.6per cent below the all-time peak in September of USD81.4 billion, the Commerce Department reported Tuesday. It was the smallest monthly deficit since a USD66.2 billion imbalance in April.
The strong rebound in exports is seen by economists as evidence of global suppl -
Bank Holidays in December: Banks to remain closed for 12 days; check full list here
The list of holidays provided by the RBI is divided into three groups. State-level celebrations, religious holidays, and festival celebrations are all included. -
Abu Dhabi chemical company, Reliance form $2 billion production JV
Abu Dhabi state-owned Chemicals Derivatives Company and Reliance Industries have agreed to start a more than $2 billion chemical production partnership in Ruwais, Abu Dhabi, TA'ZIZ said in a statement on Tuesday. -
Allow port out SMS facility irrespective of tariff offer, voucher value, TRAI tells telcos
TRAI said in the recent past it has received complaints from subscribers over their inability to send SMS on short code 1900 specified for UPC (Unique Porting Code) generation. -
Stepping up ethanol production may help reduce crude oil import, says PM Modi
Prime Minister Narendra Modi on Tuesday said stepping up ethanol production can help reduce the import of crude oil and prove to be an extra means of earning for sugarcane farmers.
He claimed that before the BJP came to power, only 20 crore litres of ethanol was being sent to oil companies from Uttar Pradesh, which now increased to around 100 crore litres.
Addressing a public meeting here after dedicating to the nation three mega projects, Modi said, “Every year, India spends around Rs 5-7 -
States borrowing cost again on a song, hits one-month high at 6.80%
After falling marginally for two weeks, the cost of debt-funds for the states jumped again as the weighted average cost of borrowings rose by 37 bps to a one-month high of 6.80 per cent in the auction on Tuesday compared to the last week.
At the weekly auction of state development loans, six states raised just Rs 8,000 crore, which is 41 per cent lower than the indicated Rs 13,600 crore, according to an analysis by Icra Ratings, which said this is the sixth consecutive week of lower-than-indicat -
Govt inks two loan pacts worth Rs 2,074 crore with ADB
The government has inked two loan agreements of Rs 2,074 crore with Asian Development Bank (ADB) for an affordable housing project in Tamil Nadu and a water sanitation programme in Uttarakhand, a release said on Tuesday.
The government and the ADB signed a USD 150 million (around Rs 1,132 crore) loan agreement to provide access to inclusive, resilient, and sustainable housing for the urban poor in the state of Tamil Nadu. Separately, a USD 125 million (around Rs 942 crore) loan was inked to impr -
‘Despite challenges, we have exported seafood products worth $700 mln till October to China’: KS Srinivas | MPEDA Interview
India is the biggest producer of farmed shrimps and accounts for nearly 6% of the global fish production. -
Sensex jumps 887 points as Omicron fears ease
Equity indices surged on Tuesday with the benchmark BSE sensex rising over 850 points led by gains across sectors as fears over the Omicron variant of coronavirus eased globally. The 30-share BSE sensex jumped 887 points or 1.56 per cent to close at 57,634; while the broader NSE Nifty settled 264 points or 1.56 per cent higher at 17,177. -
Investors gain over Rs 3.45L cr as markets recover from heavy selloff
Investors' wealth on Tuesday jumped by Rs 3,45,719.55 crore as markets returned to winning ways after a heavy selloff in the previous two sessions. The BSE sensex rallied 886.51 points or 1.56 per cent to settle at 57,633.65 on Tuesday. -
Entrepreneurial leadership can be challenging, says Rohit Kumar
Organizations have had to integrate new technologies in record time to keep operating due to the health emergency, and new work modes have emerged, as well as a higher requirement to gain digital skills. -
Till September, 421 cases resolved under insolvency law; 1,149 cases went for liquidation: Govt
As many as 421 cases involving a realisable value of Rs 2.55 lakh crore were resolved and 1,149 cases having a liquidation value of Rs 52,036 crore went for liquidation under the insolvency law till this September, the government said on Tuesday.
Corporate Insolvency Resolution Process (CIRP) is conducted as per the provisions of the Insolvency and Bankruptcy Code (IBC). As of September 30, a total of 4,708 CIRPs were initiated under the IBC.
“The realisable value of 421 cases which were r -
Pradhan Mantri Suraksha Bima Yojana: Invest as little as Re 1 to get Rs 2 lakh, here’s how
PMSBY has a low annual premium of Rs 12 which is paid at the end of May.
-
THIS Re 1 note can fetch Rs 7 lakh, here’s how
If you have this rare one rupee note, you may easily sell it for Rs 7 lakh. -
'Proposed bill banning crypto could mean jail for violations'
Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also seeks to make those who infringe the law subject to arrest without a warrant and being held without bail, according to a source and a summary of the bill seen by Reuters. -
Madras HC orders winding up of SpiceJet over dues
The Madras high court has ordered the winding up of private carrier SpiceJet Limited and directed the official liquidator attached to the high court to take over its assets, in a plea filed by a Swiss company over unpaid dues. -
Int'l arrivals: Govt updates rules, 'at risk' list
India has removed Bangladesh from its list of Omicron at risk countries and Ghana and Tanzania have been added to the same for the purpose of mandating additional measures for arrivals from there. The government has also mandated contactless self-declaration on Air Suvidha Portal. -
India exports 9.39 lakh tonnes of sugar so far this marketing year: AISTA
Sugar mills have exported 9.39 lakh tonnes of the sweetener till the first week of December during the ongoing 2021-22 marketing year that started from October 1, and are not in hurry to sell further stock in view of sluggish global price trend, trade body AISTA said on Tuesday.
About 4.68 lakh tonnes of sugar is in transit, the All India Sugar Trade Association (AISTA) said in a statement.
Mills have contracted to export 33 lakh tonnes of sugar without the government subsidy so far in the 2021- -
FindYourFit secures an undisclosed amount from Aditya Sanghi, plan to invest in hiring and expansion
The proceeds will be used to improve the product, expand marketing, and hire good talent from the market.
-
Attention UK travellers: Check updated airport entry norms before boarding the flight
British citizens returning from Angola, Botswana, Eswatini, Lesotho, Malawi, Mozambique, Namibia, Nigeria, South Africa, Zambia, Zimbabwe are required to hotel quarantine in a government-approved facility. -
Sensex jumps 887 points as Omicron fears ease; Nifty settles above 17,150
Equity indices surged on Tuesday with the benchmark BSE sensex rising over 850 points led by gains across sectors as fears over the Omicron variant of coronavirus eased globally. The 30-share BSE sensex jumped 887 points or 1.56 per cent to close at 57,634; while the broader NSE Nifty settled 264 points or 1.56 per cent higher at 17,177. -
Sensex soars 887 points on global market rebound; Nifty tops 17,150
The 30-share BSE Sensex ended 886.51 points or 1.56 per cent higher at 57,633.65. Similarly, the broader NSE Nifty rallied 264.45 points or 1.56 per cent to 17,176.70. -
ITR filing FY 2020-21: ITR-1 Sahaj for salaried individuals comes with a minor change this time, all you must know
This year's income tax return will be filed for the Assessment Year 2021-22 or FY 2020-21. The ITR this year is applicable for income earned between April 1, 2020 and March 31, 2021. -
RBI Monetary Policy Dec 2021: MPC may not raise repo rate yet as Omicron threatens economic recovery
The Reserve Bank of India's Monetary Policy Committee (MPC) will present its fourth bi-monthly monetary policy on December 8. -
Centre disburses Rs 2,071cr loan for 4,000-odd projects so far under Agri Infra fund
The government has so far disbursed Rs 2,071 crore for 4,003 projects under the Agriculture Infrastructure Fund, Agriculture Minister Narendra Singh Tomar said on Tuesday.
Tomar, in a written reply to the Lok Sabha, said a total of 8,488 projects have been sanctioned under the scheme so far with a loan amount of Rs 6,098 crore.
“Out of which, Rs 2,071 crores have been disbursed for 4,003 projects,” he said.
Out of 8,488 projects sanctioned so far, a maximum of 1,954 projects were fro -
Bank Holidays in December: Banks to remain closed for 12 days; check full list hereBank Holidays in December: Banks to remain closed for 12 days; check full list here
The list of holidays provided by the RBI is divided into three groups. State-level celebrations, religious holidays, and festival celebrations are all included. -
Government may consider Sebi for cryptocurrency
The government is considering appointing Securities and Exchange Board of India (Sebi) to oversee cryptocurrencies, according to people with knowledge of the matter, as authorities look to classify them as financial assets. -
Centre disburses Rs 2,071 crore loan for 4,000 odd projects so far under Agriculture Infrastructure fund
Narendra Singh Tomar, in a written reply to the Lok Sabha, said a total of 8,488 projects have been sanctioned under the scheme so far with a loan amount of Rs 6,098 crore. -
India exports 9.39 lakh tonnes of sugar so far this marketing year: AISTA
About 4.68 lakh tonnes of sugar is in transit, the All India Sugar Trade Association (AISTA) said in a statement. -
Used-car platform Spinny valued at $1.8bn in new funding round
Used-car platform Spinny said on Tuesday it had raised $283 million in a funding round led by Abu Dhabi-based ADQ and Tiger Global, giving the used-car retailing platform a valuation of about $1.8 billion. -
THESE penny stocks rose upto 800% in 2021, invested in any?
Penny stocks are those whose share price is very low -- typically in single digit numbers -- and have high volatility associated with them. -
RBI Monetary Policy Dec 2021: MPC may not raise repo rate yet as Omicron threatens economic recovery
By Harshita Tyagi
The Reserve Bank of India’s Monetary Policy Committee (MPC) will present its fourth bi-monthly monetary policy on December 8. The central bank is expected to keep repo and reverse report rate unchanged keeping implications of the Omicron variant in view. Last year, two rate cuts of 75 bps in March and 40 bps in May reduced repo rates to a record low of 4 per cent and since then, rates have been kept unchanged. This policy comes in the backdrop of the perceived strengtheni -
RBI Monetary Policy Dec 2021: MPC may not raise repo rate yet as Omicron threatens economic recover
The Reserve Bank of India's Monetary Policy Committee (MPC) will present its fourth bi-monthly monetary policy on December 8. -
Used-car platform Spinny valued at $1.8 billion in new funding round
Used-car platform Spinny said on Tuesday it had raised $283 million in a funding round led by Abu Dhabi-based ADQ and Tiger Global, giving the used-car retailing platform a valuation of about $1.8 billion. -
Kia Carens sketches reveal the exterior and interior design of the upcoming MPV: In Pics
The upcoming Kia Carens will be the fourth product of the South Korean carmaker in India and is due for its world premiere on 16 December, 2021. -
Shocking! Danish Golfer groped flight attendant and urinated on plane seat, court hears
Olesen, a five times European Tour winner, said he had no recollection of his behaviour on the flight he boarded after competing in the World Golf Championships-FedEx St Jude invitational in Memphis. -
India-US Trade Policy Forum has key role in deepening understanding of each other’s positions: former Obama admin official
The India-US Trade Policy Forum has a key role to play in deepening the understanding of each other’s positions in a non-negotiating, non-transaction-oriented setting, according to a former top commerce official in the Obama administration, who welcomed the revival of the key platform to further enhance bilateral trade ties.
During her maiden visit to India last month, United States Trade Representative (USTR) Katherine Tai had her first Trade Policy Forum (TPF) meeting with Commerce Minis -
UPI emerges king of digital payments
Within UPI, the two biggest players are PhonePe and Google Pay with a market share of 46.3% and 36.4%, respectively. -
China November export growth slows but imports accelerate
China’s exports growth lost steam in November, pressured by a strong yuan, weakening demand and higher costs, but imports accelerated and came in well above expectations as the country scrambled to restock key commodities like coal. Exports rose 22% on-the-year and imports jumped 31.7% in November, customs data showed on Tuesday. Analysts in a Reuters poll had forecast November exports would increase 19.0% after jumping 27.1% the previous month.Imports were forecast to have risen 19.8%, ac -
Introduce token system: Aviation Minister instructs Delhi Airport after crowd photos go viral
Images of overcrowded lanes leading to the testing counters have been widely circulated on social media showing violation of social distancing norms at the Delhi Airport. -
Sensex jumps over 400 points in early trade; Nifty tests 17,000
The 30-share index was trading 444.17 points or 0.78 per cent higher at 57,191.31 in initial deals. Similarly, the Nifty rose 131.60 points or 0.78 per cent to 17,043.85. -
PM-KISAN 10th instalment next week: Rectify THESE mistakes or else Rs 2,000 won't be transferred into your a/c; here's how to do it
The instalments under PM Kisan Samman Nidhi Scheme gets delivered in the bank account of farmers which is linked with their Aadhaar card. -
Elon Musk's double standard on EVs: Asks for subsidy in India, says no to subsidy in the US
Nitin Gadkari, Union Minister for Road Transport and Highways, has said that in order for any foreign player to qualify for EV subsidy, they must assemble their electric vehicles in India under the Make-in-India campaign. -
Elon Musk's double standard on electric vehicles: Asks for subsidy in India, says no to subsidy in the US
Nitin Gadkari, Union Minister for Road Transport and Highways, has said that in order for any foreign player to qualify for EV subsidy, they must assemble their electric vehicles in India under the Make-in-India campaign. -
IMF sees China's growth 'slowing notably'
In October, the IMF lowered its forecasts for China's growth due to an accelerating pullback in public spending, predicting an eight percent expansion this year and 5.6 percent growth in 2022. While the 2021 figure is Beijing's strongest rate of growth since 2011, analysts warn China is facing a painful fallout from real estate weakness and shocks from surging coal prices and shortages.
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