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Business Economy

GDP shrank 8.6% in Q2 pushing economy into recession: RBI

Posted on Author NewsDesk

Oct. data brightens outlook, formidable risks ahead, RBI says in monthly bulletin India’s economy rebounded sharply in the wake of the reopening from lockdowns, slowing the pace of its contraction to 8.6% in the second quarter, a ‘nowcast’ in the RBI’s monthly bulletin showed on Wednesday. Still, the estimate implies that India is likely to […]
Business Economy

ESIC data shows a drop in job creation

Posted on Author NewsDesk

Job creation dropped by 1.73% from 15.30 lakh in February last year to 15.03 lakh this year, according to the latest payroll data of the Employees State Insurance Corporation (ESIC). The ESIC has released payroll data for April 2018, covering the period from September 2017. The data also showed that from September 2017 to February […]
Business Economy

RBI proposes new prepaid card for transactions up to ₹10,000

Posted on Author NewsDesk

The Reserve Bank on December 5 proposed the introduction of a prepaid payment instrument (PPI) for transactions up to ₹10,000 on goods and services. PPIs have been playing an important role in promoting digital payments and bringing in the new PPI will further facilitate its usage, as per an RBI statement issued post announcement of […]

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