About one-third of the production has been stopped and the mills which are running are also facing huge losses. If this crisis is not overcome, then thousands of people can lose their jobs.
Budget 2020 Expectations from Common Man, Investors, Tax Payers, Startups, SME’s, MSME Sector and Corporates; Will FM Stand Tall on India’s Dream to turn into Reality?
Union Budget 2020: Wolf of Dalal Street Manifesto for Modinomics 2.0; Will Finance Minister Nirmala Sitharaman be able to walk the Budget tightrope?
Will the Union Budget 2020 by Finance Minister Nirmala Sitharaman Disappoint the Dalal Street?
RBI Reveals Top List of 30 Major Wilful Defaulters; which owes to banks over ₹50,000 Crore
The RBI has revealed a list of 30 major willful defaulters that together owe banks over ₹50,000 crore. Fugitive diamantaire Mehul Choksi’s three firms, including Gitanjali Gems (₹5,000 crore), figure in the list, besides Vijay Mallya’s Kingfisher Airlines (₹2,500 crore).…
India’s Urban Transport Projects to get Big Cheque worth $2.5 billion from the Asian Infrastructure Investment Bank
India’s urban transport projects may soon get $2.5 billion from the Asian Infrastructure Investment Bank. A company executive told Economic Times that AIIB was in talks to pump $400 million each into the Chennai and Mumbai Metro rail networks. Other…
MODI JUMLA: Pradhan Mantri Mudra Loans Scheme raises Red Flags for Next Banking Crisis in India; After Rising NPAs, Failure To Generate Jobs and Employment
The Pradhan Mantri Mudra Yojana – the government’s flagship lending scheme – has failed to give a big fillip to self-employment, an official survey accessed by Business Standard shows. Between April 2015 and 2018, the scheme enabled creation of 11.2…
People in rural India are holding back on items such as clothes, hair oil and biscuits, Business Insider reports, citing multiple research reports. That’s largely because rural wage growth reduced from 14.6% in 2013-14 to just 1.1% in 2018-19, an SBI Ecowrap study shows. Biscuits as a category, for instance, is growing at just 1%, […]