by pallanus | May 27, 2020 | Business News
As on May 25, India’s average unemployment stood at 24.5 per cent, where urban unemployment was at 26.3 per cent and rural at 23.7 per cent. Last week also saw a decrease in labour participation rate, the rate on the fourth week was 38.7 per cent lower than the 38.8...
by pallanus | May 22, 2020 | Business News
Reserve Bank of India (RBI) on Friday announced a fresh set of measures in the wake of the coronavirus crisis in the country and shared details about the country’s growth outlook. In a press conference held this morning, RBI Governor Shaktikanta Das said the country’s...
by pallanus | May 22, 2020 | Business News
Reserve Bank of India (RBI) Governor Shaktikanta Das today announced that the central bank has decided to reduce the repo rate by 40 basis points from 4.4 per cent to 4 per cent. Shaktikanta Das said, the RBI has also decided to reduce the reverse repo rate to 3.35...
by pallanus | May 15, 2020 | Business News
Pakistan’s fiscal deficit will be significantly worse than projected this fiscal year, with the fallout from the novel coronavirus pandemic pushing millions into unemployment and poverty, according to government estimates reviewed by Reuters. Pakistan began a...
by pallanus | May 13, 2020 | Business News
The UN slashed India’s projected growth rate to 1.2 per cent in 2020 and forecast that the global economy will contract sharply by 3.2 per cent as the Covid-19 pandemic paralyses the world, sharply restricting economic activities, increasing uncertainties and...
