Ease of Doing Business ranking: India needs to exhibit more regulatory, governance and financial reforms to investors

Ease of Doing Business ranking: India needs to exhibit more regulatory, governance and financial reforms to investors

In a major boost to the government, India jumped 23 spots in the new World Bank’s Ease of Doing Business 2019 (EODB) rankings to take up the 77th spot, with a score of 67.23. But despite the progress, there are...
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Pound dives after Brexit resignations

Pound dives after Brexit resignations

The pound has fallen sharply after Cabinet ministers Dominic Raab and Esther McVey quit over Prime Minister Theresa May’s draft Brexit deal. Sterling fell more than 1% against the dollar to $1.2778 and also sank more than 1% against the...
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UK retail sales hit by mild autumn

UK retail sales hit by mild autumn

Image copyright Getty Images Retail sales fell by a worse-than-expected 0.5% in October, after a mild autumn hit sales of winter clothes. Sales at household goods stores also fell 3% following a particularly strong August and September, the Office for...
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DATA STORY: Lack of awareness among 70% youth key obstacle to PM Modi#39;s Skill India initiative

DATA STORY: Lack of awareness among 70% youth key obstacle to PM Modi#39;s Skill India initiative

A major obstacle to the success of Prime Minister Narendra Modi’s flagship Skill India programme is a lack of awareness about the government-run skill development program among youths. Over 70 percent of the youths in the age group of 15 and 30 are u...
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IDBI Bank loss widens to Rs 3,602 cr in Q2; gross non-performing assets hit 31.78%

IDBI Bank loss widens to Rs 3,602 cr in Q2; gross non-performing assets hit 31.78%

New Delhi: State-owned IDBI Bank on Wednesday reported widening of net loss to Rs 3,602.49 crore during the September quarter of 2018-19, as bad loans jumped substantially. It had posted a net loss of Rs 197.84 crore in the corresponding...
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Addison Lee loses appeal on worker rights

Addison Lee loses appeal on worker rights

Image copyright Addison Lee/ Twitter A claim that Addison Lee’s drivers are employees, not self-employed contractors, has been upheld in a major blow to the taxi company. The Employment Appeal Tribunal ruling confirms that drivers should be paid the mini...
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UK inflation holds steady at 2.4% in October

UK inflation holds steady at 2.4% in October

Image copyright Getty ImagesImage caption The price of milk has fallen, as has that of other dairy items The UK inflation rate remained steady at 2.4% in October, confounding analyst expectations of a rise to 2.5%. The Consumer Prices Index...
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Govt vs RBI: Dy Guv Acharya could be in hot water if issue escalates at next RBI board meet

Govt vs RBI: Dy Guv Acharya could be in hot water if issue escalates at next RBI board meet

Reserve Bank of India (RBI) Deputy Governor Viral Acharya could be in trouble if the ongoing conflict with the government escalates during the central bank’s next board meeting on November 19, Mint reported. There is worry the government could invoke S...
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Don’t judge demonetisation to soon: From grocery to high-value purchases, note ban has given a leg-up to digital money

Don’t judge demonetisation to soon: From grocery to high-value purchases, note ban has given a leg-up to digital money

On 8 November 2016, the world’s two largest democracies sat on the edge. At one end of the globe, 58th quadrennial American presidential elections were gaining momentum. On the other end, Indian economy received an unprecedented exogenous shock, when Prime.....
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Wages show fastest rise in almost a decade

Wages show fastest rise in almost a decade

Image copyright Getty Images Wages rose at the fastest pace in nearly a decade in the three months to September, Office for National Statistics (ONS) figures show. Compared with a year earlier, wages excluding bonuses, rose by 3.2% – the...
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