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  • US weekly jobless claims fall; still at very high levels Dec 03, 2020 07:38 PM IST

    US weekly jobless claims fall; still at very high levels

    Initial claims for state unemployment benefits totalled a seasonally adjusted 712,000 for the week ended November 28, compared with 787,000 in the prior week, the Labor Department said on Thursday.

  • GST compensation | Chhattisgarh opts for special window, Jharkhand only state left Dec 03, 2020 06:59 PM IST

    GST compensation | Chhattisgarh opts for special window, Jharkhand only state left

    Chhattisgarh will now get Rs 3,109 crore through the special borrowing window put in place by the Centre to meet the GST implementation shortfall

  • MPC guidance: Why Jayant Varma's dissent is important Dec 03, 2020 06:40 PM IST

    MPC guidance: Why Jayant Varma's dissent is important

    For the first time, one MPC member during the October review questioned the choice of words MPC uses for its forward guidance. This revived an old debate

  • Technical education in mother tongue: Where are the teachers? Dec 03, 2020 04:56 PM IST

    Technical education in mother tongue: Where are the teachers?

    The education ministry is setting up a task force for preparing a roadmap for imparting technical education in mother tongue. But some students have a doubt: “Won’t it hamper our chances of securing international jobs?”

  • Finance Ministry remains optimistic about economic revival in third quarter Dec 03, 2020 02:27 PM IST

    Finance Ministry remains optimistic about economic revival in third quarter

    An overall increase in rabi coverage with adequately filled irrigation reservoirs bodes well for growth of agricultural output in 2020-21. The sustained demand for labour arising from increase in rabi sowing has also contributed to growth in rural wages additionally propped up by increase in wages and employment generation under MGNREGS.

  • Indian economy witnessing V-shaped recovery: Finance Ministry report Dec 03, 2020 02:23 PM IST

    Indian economy witnessing V-shaped recovery: Finance Ministry report

    The decline in the GDP narrowed to 7.5 percent in the second quarter of this financial year, over 23.9 percent in April-June quarter.

  • ILO report says women, lowest-paid workers' wages most affected due to COVID-19 pandemic Dec 03, 2020 01:40 PM IST

    ILO report says women, lowest-paid workers' wages most affected due to COVID-19 pandemic

    Though one-third of the countries reported an average increase in wages, this was because a substantial numbers of lower-paid workers lost their jobs, which influenced the data.

  • Covid-19 impact: How work bubbles are bringing corporate teams together in private stays Dec 03, 2020 01:28 PM IST

    Covid-19 impact: How work bubbles are bringing corporate teams together in private stays

    Rather than work from home, where coordination sometimes becomes difficult, critical teams move into a small hotel, villa or homestay and are cloistered there, sometimes for up to a month, to complete their tasks. This approach helps companies finish projects quickly by enabling team members to connect in person in a safe environment

  • India lost 118 billion work hours in 2019 due to extreme heat: Study Dec 03, 2020 11:58 AM IST

    India lost 118 billion work hours in 2019 due to extreme heat: Study

    A potential 302 billion work hours were lost in 2019 across the world due to extreme heat. That’s about 52.7 work hours per person globally.

  • Banks seek extension of loan recast window till March 31: Report Dec 03, 2020 11:14 AM IST

    Banks seek extension of loan recast window till March 31: Report

    The Kamath panel had in September submitted a report laying out guidelines for one-time debt restructuring in 26 stressed sectors.

  • Indian services industry lost some steam in November; PMI at 53.7 versus 54.1 in October Dec 03, 2020 10:47 AM IST

    Indian services industry lost some steam in November; PMI at 53.7 versus 54.1 in October

    Asia's third-largest economy, which fell into recession last quarter for the first time since at least 2012, is expected to recover only modestly early next year and won't reach pre-COVID-19 levels any time soon.

  • SC Hearing on Loan Moratorium Highlights: Hearing of petitions seeking interest waiver to resume on Dec 8 Dec 03, 2020 08:44 AM IST

    SC Hearing on Loan Moratorium Highlights: Hearing of petitions seeking interest waiver to resume on Dec 8

    SC on Loan Moratorium Highlights: The bench comprising of Justices Ashok Bhushan, R Subhash Reddy and MR Shah will today resume hearing the case.

  • RBI's MPC may maintain status quo due to high inflation, but revise economic growth forecast upwards Dec 03, 2020 08:17 AM IST

    RBI's MPC may maintain status quo due to high inflation, but revise economic growth forecast upwards

    Also, the status quo expected for December policy may continue for the next meeting and there could be a further update on inflation trajectory for coming quarters, experts feel.

  • Coronavirus News LIVE Updates | Recovery rate in national capital rises to 93.37% Dec 03, 2020 07:24 AM IST

    Coronavirus News LIVE Updates | Recovery rate in national capital rises to 93.37%

    Coronavirus News LIVE Updates: Total COVID-19 cases in India have risen to 94.99 lakh. There are 4,28,644 active cases in the country.

  • Day 2 of IIT Placements: Rs 50 lakh-plus-CTC trend continues at engineering campuses Dec 02, 2020 10:12 PM IST

    Day 2 of IIT Placements: Rs 50 lakh-plus-CTC trend continues at engineering campuses

    At IIT Bombay, Sony Japan offered a package of JPY 1.63 Crore per annum (Rs 1.15 crore approximately) during the placement process on day one.

  • Solvency ratios of life insurers under pressure, says Milliman Dec 02, 2020 06:51 PM IST

    Solvency ratios of life insurers under pressure, says Milliman

    To deal with this situation, Milliman research said several insurers are aiming to raise additional capital. Solvency is the minimum capital requirement for insurers, and it is set at 150 percent

  • As economy picks up pace, GST collection, FDI trends show signs of revival Dec 02, 2020 05:53 PM IST

    As economy picks up pace, GST collection, FDI trends show signs of revival

    Total FDI inflows into India in second quarter of financial year 2020-21 have been $ 28,102 million. Of this, FDI equity inflows were $23,441 million

  • RBI'S MPC starts deliberation on policy rate Dec 02, 2020 02:45 PM IST

    RBI'S MPC starts deliberation on policy rate

    After its last MPC meeting in October, RBI kept policy rates unchanged to help tame inflation that in the recent times has surged past 6 per cent mark. RBI projected the country's GDP to contract 9.5 per cent in the current financial year due to the pandemic. It has cut policy rates by 115 basis points since February.

  • Exxon Mobil in talks to buy stake in Indian oil, gas fields: Dharmendra Pradhan Dec 02, 2020 01:53 PM IST

    Exxon Mobil in talks to buy stake in Indian oil, gas fields: Dharmendra Pradhan

    Exxon Mobil had in October last year signed a memorandum of understanding (MoU) with state-owned Oil and Natural Gas Corporation (ONGC) to offer its expertise and technology for developing resources in offshore blocks.

  • China buys Indian rice for first time in decades as supplies tighten: India trade officials Dec 02, 2020 01:22 PM IST

    China buys Indian rice for first time in decades as supplies tighten: India trade officials

    India is the world's biggest exporter of rice and China is the biggest importer. Beijing imports around 4 million tonnes of rice annually but has avoided purchases from India, citing quality issues.

  • Covid-19 vaccine: Your existing health policy is unlikely to cover costs, adverse reactions Dec 02, 2020 01:13 PM IST

    Covid-19 vaccine: Your existing health policy is unlikely to cover costs, adverse reactions

    Currently, all Covid-related hospitalisation is covered by traditional health insurance policies. Additionally, there are special health insurance covers only for Covid. But contrary to popular perception, existing health insurance policies are unlikely to cover the cost of vaccination and adverse reactions, if any. Only policies designed purely for the Covid-19 vaccination process — there is none at the moment — will cover the costs

  • India looks to resume Iran, Venezuela oil imports under Joe Biden Dec 02, 2020 12:40 PM IST

    India looks to resume Iran, Venezuela oil imports under Joe Biden

    "As a buyer I would like to have more buying places. I should have more destinations to go for purchasing (oil)," Pradhan said in response to a question about his expectations for the resumption of oil imports from Iran and Venezuela under a Biden presidency.

  • SC on Loan Moratorium Highlights: Hearing of petitions seeking interest waiver to resume on Dec 3 Dec 02, 2020 11:32 AM IST

    SC on Loan Moratorium Highlights: Hearing of petitions seeking interest waiver to resume on Dec 3

    SC on Loan Moratorium Highlights: The bench comprising of Justices Ashok Bhushan, R Subhash Reddy and MR Shah heard petitions seeking interest waiver.

  • Coronavirus News Highlights: West Bengal minister becomes first volunteer to take 'Covaxin' in phase III trial in Kolkata Dec 02, 2020 07:22 AM IST

    Coronavirus News Highlights: West Bengal minister becomes first volunteer to take 'Covaxin' in phase III trial in Kolkata

    Coronavirus News Highlights: Total COVID-19 cases in India have risen to 94.62 lakh. There are 4,35,603 active cases in the country.

  • Day 1 of IIT placements: Record figures as recruiters come back virtually to engineering campuses Dec 01, 2020 08:17 PM IST

    Day 1 of IIT placements: Record figures as recruiters come back virtually to engineering campuses

    There was close to 20 percent increase in the number of job offers and average compensation in the first day of placements at IITs. The highest domestic compensation (CTC) stood at Rs 80 lakh

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