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Contraction in Q2FY21 GDP recedes, but India officially enters recession

New Delhi (1 Min Read): Even though India’s economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, the country for the very first time since Independence entered into a technical recession. The National Statistical Office (NSO) data on Friday showed that the Q2FY21 GDP on a year-on-year basis contracted by (-) 7.5 per […]

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Delhi HC seeks Centre’s response on plea challenging E-Commerce Rules

New Delhi: The Delhi High Court on Monday issued notice over a petition challenging the certain sections of the E-Commerce Rules which mandates e-commerce entities to incorporate as a company. A division bench of the High Court presided by Justices D.N. Patel and Prateek Jalan sought response from the Central government and others over a plea […]

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FM announces new employment scheme with EPFO support for 2 years

New Delhi: Union Finance Minister Nirmala Sitharaman on Thursday announced ‘Atmanirbhar Bharat Rozgar Yojana’ to incentivise creation of new employment opportunities during the Covid-recovery phase. The employment scheme effective from October 1 will be applicable to eligible new employees joining the EPFO-registered establishments and for those who exited these concerns during the COVID pandemic (March 1-September […]

Azim Premji (File Photo/IANS)

Azim Premji tops EdelGive Hurun India Philantrophy List 2020

Mumbai: Wipro’s Founder Chairman Azim Premji and his family have topped the EdelGive Hurun India Philanthropy List 2020 with contribution of Rs 7,904 crore. The Founder Chairman of HCL Technologies, Shiv Nadar, and his family ranked second, followed by richest Indian Mukesh Ambani, the Chairman of Reliance Industries (RIL), in the third spot. Nadar and his […]