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Business Economy

India joblessness data not factored into World Bank growth estimates, says economist

Posted on Author NewsDesk

The new macroeconomic data released by the government last Friday, which showed joblessness for 2017/18 at 6.1%, a 45-year high was not factored into the World Bank Group’s June 2019 Global Economic Prospects (GEP) report, Ayhan Kose, Director of the Bank’s Global Prospects Group told The Hindu, during a briefing call with reporters. “This data […]
Business Economy

RBI keeps key rates unchanged

Posted on Author NewsDesk

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday kept policy rates unchanged and maintained an accommodative stance to help the economy deal with the adverse impact of the COVID-19 pandemic. The key lending rate of the RBI or the repo rate was left unchanged at 4% while the reverse […]
Business Economy

Up is down, down is up

Posted on Author NewsDesk

Few of us think about interest rates and yields on investment except when we take out a loan or invest our savings. But unbeknownst to us, interest rates are the bricks out of which much of our economic infrastructure and intuitions are built. Perhaps knowing its centrality, and the ease with which it can impoverish […]

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