Name: #BREAKINGNEWS: Report on employment not finalised yet, says NITI Aayog
Uploaded: 2019-01-31T06:13:08.fff+05:30
Duration: T00M15S
Channel: editorji
Description: NITI Aayog: Report on employment not finalised yet NITI Aayog: Job survey data not yet approved by govt NITI Aayog: Plenty of evidence to show jobs being created

NITI Aayog: Report on employment not finalised yet
NITI Aayog: Job survey data not yet approved by govt
NITI Aayog: Plenty of evidence to show jobs being created

NITI Aayog: Report on employment not finalised yet NITI Aayog: Job survey data not yet approved by govt NITI Aayog: Plenty of evidence to show jobs being created

The Union Cabinet has approved multiple schemes to help MSMEs&nbsp;which include&nbsp;₹20,000 crore subordinate debt,&nbsp;₹50,000 crore equity infusion and change of&nbsp;definition once again.&nbsp;

The Union Cabinet on Monday approved an increase in minimum support prices&nbsp;of 14 kharif crops. The increased MSP will ensure a price which will be 50% to 83% more than the cost of production, I&amp;B Minister Prakash Javadekar said.

Moody's Investors Service on Monday downgraded India's sovereign rating to 'Baa3' from 'Baa2', saying there will be challenges in implementation of policies to mitigate risks of a sustained period of low growth and deteriorating fiscal position.&nbsp;Moody's has also downgraded India's short-term local-currency rating to P-3 from P-2. The agency said in a statement that the outlook&nbsp;remains negative.&nbsp;'Baa3' is the lowest investment grade - just a notch above junk status.&nbsp;Moody's had in November 2017, after a gap of 13 years, upgraded India's sovereign credit rating by a notch to Baa2 from Baa3.&nbsp;&nbsp;

Electronics and Information Technology and Communications Minister Ravi Shankar Prasad announced that India has now become the second largest manufacturing hub in the world. According to a graph shared by the minister, the number of mobile handsets manufactured in India grew over 200 per cent in the last five years to 330 million units in 2019. The value of mobile handsets were also up 10 times to $30 million during the same period.

The Centre on Monday withdrew&nbsp;an order banning the sale of over 1,000 products manufactured by firms like Dabur, VIP industries, Eureka Forbes, Jaguar, in paramilitary canteens said a report by Hindustan Times. A new list of will be compiled by the Home Ministry, the report said. The Ministry of Home Affairs had earlier on May 13 declared that this nationwide network of over 1,700 Central Police Canteens or Central Armed Police Forces canteens will only sell indigenous products from June 1 in a bid to encourage domestic industries.&nbsp;The CAPF canteens do an estimated business worth ₹2,800 crore annually.&nbsp;

BJP MP&nbsp;Nishikant&nbsp;Dubey has urged Prime Minister Narendra Modi to take immediate action against global rating agencies Moody's, Fitch and S&amp;P, alleging that they are "trying to&nbsp;destabilise" India's economy as part of a &lsquo;Chinese conspiracy&rsquo;.&nbsp;Though these rating agencies are based in the US, "China has invested in these firms for its strategic interest", he said in a letter to the prime minister on May 31. The MP said&nbsp;these rating agencies act and behave like God and treat our country as a third-grade country.&nbsp;Incidentally, Moody's on Monday downgraded India's sovereign rating to 'Baa3' from 'Baa2'.&nbsp;

Equity markets rallied on Monday lead be strong gains in PSU&nbsp;banks as a major part of the Indian economy has resumed&nbsp;operations.
The Sensex&nbsp;jumped 879 points, while the Nifty surged 2.57% to end above 9,800.
Bajaj&nbsp;Finance, Bajaj&nbsp;Finserv, Titan, Tata&nbsp;Steel and M&amp;M were the top five gainers in the Nifty 50 index.
The rupee appreciated 8 paise to close at 75.54 against the US dollar.

Chinese government officials have told major state-run agricultural companies to pause purchases of some American farm goods including soybeans as Beijing evaluates the ongoing escalation of tensions with the US over Hong Kong, Bloomberg&nbsp;reported on Monday. The halt is the latest sign that the hard-won trade deal between the world&rsquo;s two biggest economies is in jeopardy. The measures to halt imports came after US President Donald Trump on Friday criticised Beijing after it moved to impose the controversial national security legislation on Hong Kong.

The&nbsp;IHS Markit India Manufacturing PMI&nbsp;stood at 30.8 in May, pointing to another substantial decline in the health of the country's manufacturing sector. In April, the index had slipped into contraction mode, after remaining in the growth territory for 32 consecutive months. Consequently, firms cut staff numbers at the quickest pace since data collection began over 15 years ago.

Automobile major Maruti Suzuki on Monday posted total sales of 18,539 units in May 2020. The company resumed its manufacturing operations post from May 12 at its Manesar facility and from May 18 at its Gurugram facility. However, it is 86% less than 1.35 lakh units sold in May last year.

The price of non-subsidised LPG&nbsp;cylinder in Delhi has been increased by ₹11.50 for an Indane gas cylinder from June 1. The LPG price in May was reduced from ₹744 to ₹581.50 per cylinder for all consumers in line with a drop in international prices.&nbsp;
&nbsp;

Commerce Minister Piyush Goyal on Sunday said that the Union government has decided to disinvest in certain pharmaceutical public sector units. According to an official statement, Goyal also said that India should become a self-reliant country in the supply of active pharmaceutical ingredients (APIs) as early as possible. He assured the industry of full government support in its expansion, diversification and strengthening.
&nbsp;

Indian equity markets rallied in the opening trade on Monday following positive global cues.
At 9:30 am, the Sensex&nbsp;was 739 points up at 33,163 and the Nifty jumped 2.25% to trade around 9,800.
JSW Steel, Tata&nbsp;Steel, Axis Bank, Bajaj&nbsp;Finserv and Bajaj&nbsp;Finance were&nbsp;the top five Nifty gainers. 47 of 50 stocks in the Nifty pack were&nbsp;in the green.

German airline, Lufthansa, on Saturday said it had accepted a rescue plan offered by the country's government under which it will get&nbsp;$9.8 billion. The carrier&nbsp;has suffered economically due to restrictions imposed to contain the Covid-19 pandemic. As per the deal, the government will take a 20% stake in Lufthansa to become the leading stakeholder.

UK Chancellor Rishi Sunak has set out the UK government's plans to taper off the Coronavirus Job Retention Scheme from August as the economy gradually opens up from the pandemic lockdown. The scheme, under which the UK taxpayer covered 80% of the wages of nearly a million jobs with no employer contribution, will end in October. Gradually, taxpayer contribution will fall to 60% and employers will pay 20% before the scheme closes at the end of the month.
&nbsp;

After the steepest downturn on record in April, crude oil registered its best month ever in May.&nbsp;West Texas Intermediate gained almost 90% in May owing to an uptick in demand as well as record supply cuts.&nbsp;WTI&rsquo;s second-best month on record was September 1990, when it gained 44.6%.&nbsp;The US oil benchmark&nbsp;dropped below zero for the first time on record in April.
&nbsp;
&nbsp;

Forbes has said&nbsp;that Kylie Jenner will no more remain the youngest billionaire in its new report, after accusing the reality TV star of inflating the size and success of her business.&nbsp;The magazine had in March 2019 reported that Jenner was the&nbsp;youngest self-made billionaire&nbsp;at the age of 21.&nbsp;It now estimates her net worth at just under $900 million. This also raises questions about the magazine&rsquo;s ability to accurately assess the finances of celebrities.

The government may unveil another stimulus package to boost demand after the nationwide lockdown is completely lifted, the Hindustan Times reported citing&nbsp;three officials. Some critics have said the&nbsp;₹20&nbsp;lakh crore Aatmanirbhar Bharat package didn&rsquo;t go far enough to address the economic fallout of Covid-19.&nbsp;The package, which is expected at least after a month, will fill the gaps&nbsp;that could have been left, the report mentioned.

With the fourth phase of the lockdown set to end on May 31, Delhi gyms, fitness centres and salon owners&rsquo; associations have written to chief minister Arvind Kejriwal urging him to allow the reopening of these ventures from June 1. The associations have shared a long list of measures that they are ready to take in line with social distancing norms once they are allowed to open shop. This includes downloading of the Aarogya Setu app by both clients and staff, PPE kits for all staff members, turning away walk-in customers, using disposable and sterilised equipment, and sanitisation of the gym exercising area every 45 minutes, among others.

Microsoft is laying off at least 50 news production workers and replacing them with AI-based algorithms to perform their editorial duties, the Seattle Times reported. These news production contractors work with Microsoft News, the company&rsquo;s news content arm that operates MSN.com and other properties. The work includes identifying trending news stories, rewrite headlines or adding better photographs or slide shows. Besides the production work, the contract employees also planned content, maintained the editorial calendars of partner news websites and assigned content to them.

#BREAKINGNEWS: Report on employment not finalised yet, says NITI Aayog

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#BREAKINGNEWS: Report on employment not finalised yet, says NITI Aayog

Jan 31, 2019 18:13 IST

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