NEW DELHI: India needs to overcome bottlenecks to increase both quality and quantity of workforce participation and labour productivity, an NCAER report released on Thursday said. The report underlines the role of skilling and small enterprises as key drivers of job creation in the country, an NCAER statement on the study said. The study titled…
The US trade deficit has unexpectedly narrowed to its smallest level since 2020 as President Donald Trump’s sweeping tariff hikes altered import behaviour, according to delayed Commerce Department data released on Thursday.The deficit fell 10.9% to $52.8 billion in September, even as exports rose 3% to $289.3 billion and imports edged up 0.6% to $342.1…
Myanmar and neighbouring regions are emerging as major hubs for “digital arrest” cyber-fraud networks that coerce trafficked Indians into running call-centre style operations, the CBI has said in a chargesheet filed against 13 accused, PTI reported.The agency’s findings stem from a suo motu case investigating 10 major incidents of digital-arrest scams. Technical analysis of nearly…
A deal is only done when both sides stand to benefit, said Piyush Goyal. (AI image) India-US trade deal: Commerce and Industry Minister Piyush Goyal has reacted to a Donald Trump administration official’s statement that India has made the ‘best ever’ offers with regards to the trade deal talks. While not providing any timeline to…
The rupee closed at a new all-time low of 90.32 against the US dollar on Thursday, sinking 38 paise, as uncertainty around the India-US trade deal and continued foreign fund outflows pressured the currency, PTI reported.The local unit opened at 89.95, weakened further through the session and hit a record intra-day low of 90.48, before…
Most US stocks edged higher on Thursday, but a sharp fall in Oracle kept major indices in check even as bond yields softened, AP reported.The S&P 500 slipped 0.4 per cent in early trade, moving further away from its October record high. The Dow Jones Industrial Average rose 233 points, or 0.5 per cent, while…
Some of the key provisions of the new labour codes include minimum wages, gratuity payout for fixed term employees after a year of service. (AI image) New labour codes decoded: The government has introduced new labour codes that have wide-ranging implications for your salary structure, provident fund contributions, bonus payout, ESI benefits, gratuity payout and…
ITR refunds: Delays in receiving income tax refunds this year are largely tied to filing errors, system checks for high-value claims and incomplete verification by taxpayers, according to an ET report. While small refunds have been processed for most filers, many taxpayers are still waiting because their returns have been flagged for additional review, or…
Indian corporates with inadequate foreign-exchange hedging could face rating pressure if the rupee weakens sharply, global credit rating agency Fitch Ratings cautioned in a new commentary released on Thursday. The agency said that companies in sectors with limited natural hedges remain the most vulnerable to currency swings, ANI reported.Fitch noted that “in sectors with significant…
Gold prices surged to fresh highs on Thursday, after the US Federal Reserve delivered its third consecutive interest rate cut, lifting global precious metal markets even as uncertainty lingered over the pace of easing next year. With domestic prices touching new records, Indian buyers are increasingly shifting toward cheaper jewellery options.Gold has jumped sharply from…
