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Step up reform efforts to increase quality jobs and incomes, OECD to India
The latest OECD Economic Survey of India notes that while India has greatly expanded its participation in global trade in recent years, private investment remains relatively weak, the employment rate has declined amid a shortage of quality jobs, rural incomes are stagnating, and per-capita income varies considerably across states.
RBI keeps rates on hold despite economy fears
The six-member monetary policy committee (MPC) unanimously voted to hold the key repo rate at 5.15% while the reverse repo rate was also held at 4.90%.The RBI reiterated that it would maintain an accommodative stance as long as it is necessary to revive economic growth which slowed to 4.5% in the September quarter from 7% a year ago, to stand at its lowest in more than six years.
Sons-in-law, daughters-in-law too could be arraigned if they neglect senior citizens: Draft Bill
The Maintenance and Welfare of Parents and Senior Citizens (Amendment) Bill, 2019, which has been cleared by the Union Cabinet and is likely to be introduced in Parliament soon, also removes the cap of Rs 10,000 as maximum maintenance.Now those who earn more should pay more to their parents as maintenance.
Kashmir economy suffers losses of Rs 15,000 cr since August: Trade body
Hussain claimed that the hotel and restaurant industry has seen more than 30,000 people losing their jobs. The e-commerce sector, which includes courier services for purchases made online, has seen 10,000 people losing their jobs, said Kashmir Chamber of Commerce and Industry (KCCI) president Sheikh Ashiq Hussain
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