Real estate sector to be focused
The Union Finance Minister said that the real estate sector requires a lot more attention and its prevailing sluggishness needs to be addressed.
Import of onions
The Central government has decided to import “substantial” quantity of onion from Dubai and other countries to augment the domestic availability.
Moody’s Outlook for India
Moody’s Investors Service has downgraded its outlook on India to ‘negative’ from ‘stable’.
RBI ups limit on borrowings from MFIs
Reserve Bank of India has decided to raise the household income limit of borrowers to ₹2 lakh for urban and semi urban areas from Rs. 1.6 lakh.
Fund to help housing sector
Government has approved the creation of Alternative Investment Fund (AIF) worth Rs 25,000 crore.
India not to join RCEP
India has decided to not join the Regional Comprehensive Economic Partnership (RCEP) agreement over India’s concerns not being addressed in the deal.
NavIC set to be commercialised by Antrix
The Indian Space Research Organisation (ISRO) and its older commercial arm Antrix Corporation Ltd. are poised to commercialise India’s regional navigation satellite system, NavIC.
Joblessness rises to 3-year high
According to data released by the Centre for Monitoring Indian Economy (CMIE), India’s unemployment rate in October rose to 8.5%.
Core sector output falls
Growth in the eight core sectors of India’s economy declined by 5.2 per cent in September 2019.
Decline in pepper prices
Farmers of Kerala and Karnataka are hit by sharp decline in pepper prices.