News on Indian Economy
The first phase of the 2021 Workforce and Increment Trends Survey by Deloitte Touche Tohmatsu India LLP (DTTILLP) also said the average increment this year will be higher than 4.4 per cent seen in 2020 but lower than 8.6 per cent given by companies in 2019.
The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, has approved Production Linked Incentive (PLI) Scheme for Telecom and Networking Products with a budgetary outlay of Rs. 12,195 crore.
The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved signing of the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) between India and Mauritius.
In a boost to India’s renewables sector, it is expected to get investments to the tune of around USD 500 billion, in order to achieve the target of 450 gigawatts (GW) of capacity by 2030, as per a report on MoneyControl.
“The findings from this study are fascinating, particularly that a personal experience with COVID-19 results in higher levels of workplace resilience. The data reinforces the well-known notion that people can often emerge stronger after a setback or crisis.”
On February 15, 2021, the Reserve Bank of India (RBI) announced that it would conduct simultaneous sales and purchases of government bonds under a special open market operation (OMO) on February 25, 2021.
Imports also grew for the second straight month, signifying recovery in domestic demand, but led to widening of trade deficit compared to the year-ago period, according to government data.
Shri Ravi Shankar Prasad, the Union Minister for Electronics & Information Technology, Communications and Law &Justice, today held a virtual meeting with Amit Agarwal, Amazon’s Global Senior Vice President and Country Head for India.
MSDE and the Ministry of Justice, the Ministry of Foreign Affairs, and the Ministry of Health, Labour and Welfare of Japan (Government of Japan) signed an MoC in October 2017, inviting candidates from India to Japan under the Technical Intern Training Program (TITP).
On Friday, finance minister Ms. Nirmala Sitharaman said Prime Minister Mr. Narendra Modi-led NDA government eliminated all ills from the MNREGA rural-employment guarantee scheme and invested the maximum Rs. 90,500 crore (US$ 12.43 billion) ever so far.
