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Govt should create centralised authority for gig workers, says report

The report consulted with 10 platforms having nearly 4.5 million workers and a total revenue of Rs 56,400 crore along with two workforce providing platforms

New-age, standardised courses in skill ministry's first 100-day plan

The new-age courses being planned may prominently feature in the fields of sunrise sectors, such as green technologies, fitness, wellness, hospitality and healthcare

Over 200K eligible people set to get e-vouchers under Vishwakarma scheme

The data sourced from the Vishwakarma portal shows that nearly 15 million people applied under the scheme

Hire apprentices: Govt sends notices to nearly 180,000 companies

Firms will have to fulfil their obligation under the Apprenticeship Act by recruiting requisite apprentices

Wholesale inflation eases to a four-month low of 0.2% in February

The prices of manufactured products, which have a weighting of 64.2 per cent in the index, remained in deflation (minus 1.27 per cent) for the twelfth consecutive month in February

Fitch Ratings ups GDP growth forecast to 7% for FY25 on demand push

It expects 50 bps rate cut by RBI in the second half of 2024

Costlier food keeps retail inflation elevated in Feb; Jan IIP growth eases

Madan Sabnavis, chief economist, Bank of Baroda, said inflation in February was purely a food-driven phenomenon, which would continue to pressure prices in the coming months

Longer working hours & low earnings: How India's gig workforce fares

The report captures trends of earnings and working conditions among the workers in the app-based gig and platform economy

Economic shocks hit consumption growth in last decade, says Nomura

Demonetisation, GST implementation, Covid caused a slowdown: Nomura

'Household spending may grow 6.7% in 2024 on mild inflation, income surge'

The report also notes that the current situation index (CSI) and future expectations index (FEI) are above their pre-pandemic levels (at 89.4 and 118.0 respectively)

CRISIL raises India's GDP growth forecast to 6.8% from 6.4% for FY25

On the inflation front, Crisil expects softening to continue in the next fiscal on the back of healthier agriculture output that tames food inflation, and benign oil and commodity prices

Slowdown in growth in new orders, output drags services PMI in Feb to 60.6

The survey polled around 400 companies in transport, information, communication, finance, insurance, real estate, non-retail consumer and business services

Moody's sees faster CY24 GDP growth; CMIE predicts low FY25 inflation

For the upcoming financial year, the RBI has projected growth of 7 per cent, while the State Bank of India (SBI) revised upwards its projection to 8 per cent

India's unemployment rate in 2023 dropped to 3.1%, shows NSO data

Since the quarterly samples are drawn independently, estimates of labour force indicators for a calendar year have been obtained by combining the data from the four quarters of the calendar year

National pension system added 21.5% fewer corporate subscribers in 2023

Saw 158,212 new subscribers last year compared to 201,517 during 2022

India's February manufacturing PMI rises to 56.9, highest in 5 months

The latest PMI figure comes a day after the National Statistical Office (NSO) data showed that India's GDP grew by 8.4 per cent in the October-December quarter

Day after Q3 GDP surprise, analysts raise growth forecast for FY25

SBI projected the Indian economy to grow at 8 per cent in FY25

Decoding GDP numbers: Consumption sluggish, govt capex powers investment

According to the latest gross domestic product (GDP) data released by the National Statistical Office on Thursday, private final consumption expenditure (PFCE) grew at 3.5 per cent in the December qtr

Economists divided over poverty decline claims by SBI, Niti Aayog

The SBI report estimated the new poverty line at Rs 1,622 for rural areas and Rs 1,929 for urban areas

Poverty rate in India between 4.5-5% in 2022-23; rural poverty at 7.2%: SBI

Meanwhile, urban poverty declined to 4.6 per cent from 13.7 per cent during the same period