India GDP: After nearly 24% contraction in Q1, all eyes on Q2 data due on November 27

India GDP: After nearly 24% contraction in Q1, all eyes on Q2 data due on November 27

By Administrator_India Capital Sands After the steepest fall in its independent history during the lockdown months, India’s economy is recovering. Just how strong the beginning of that recovery has been will be clear when the National Statistics Office releases the July-September quarter gross domestic product data on November 27. India’s GDP contracted by a whopping […]

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Payroll data: EPFO records 10.05 lakh new enrolments in August amid coronavirus pandemicq

Payroll data: EPFO records 10.05 lakh new enrolments in August amid coronavirus pandemic

By Administrator_India Capital Sands New Delhi: Net new enrolments with retirement fund body EPFO rose to 10.05 lakh in August from 7.48 lakh in July 2020, according to its latest payroll data, providing a perspective on employment in the formal sector amid the coronavirus pandemic. Provisional payroll data released by the EPFO last month had shown […]

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Banks may restructure Rs 8.4 tn loans as economy sputters : India Ratings

By Administrator_India Capital Sands Indian banks may restructure loans worth Rs 8.4 trillion–about 7.7 per cent of total credit in March 2020–to manage financial stress caused by the corona-virus pandemic. The loans cover corporate and non-corporate accounts that banks may recast under the Reserve Bank of India’s recent norms, according to India Ratings. Almost 60 per cent of Rs […]

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