Monthly Archives: December 2019

At $6.3 billion, current account deficit dips to 0.9% of GDP

The country’s current account deficit (CAD) narrowed to 0.9% of the gross domestic product (GDP) at $6.3 billion in the quarter ended September 2019 as imports slowed down due to lower demand. In the previous fiscal FY19, the CAD was 2.9% of GDP, or $19 billion, in the comparable quarter.

Bank credit to industry slips 3.9% in 8 months

Bank credit to industry shrunk by 3.9%, or Rs 1.13 lakh crore, during the first eight months of the current financial year, according to data released by the Reserve Bank of India (RBI). Despite this, overall bank credit continues to be up 1% largely due to home loans and other personal loans.

Do you know this fact about Indian startups

Only 14% of startups in India hire 10 employees or more in the first six months of their operations. Even after the business matured, as many as 60% still hired 10 employees or less. One of the key findings was that 75% of startups were concentrated in five states — Karnataka, Maharashtra, Telangana, Delhi and Tamil Nadu, as per the survey.

Rs 102L cr investment plan for mega infra push

Finance minister Nirmala Sitharaman on Tuesday unveiled a Rs 102 lakh crore infrastructure investment plan for the next five years, with less than a fifth consisting of new projects to begin with.

Big sports events today

Here are the big sports events lined up for Wednesday (January 1) that comprise the action from English Premier League match between Manchester City and Everton.

Happy New Year 2020: Sports fraternity sends warm wishes

Indian sportspersons on Tuesday extended warm wishes to their fans on social media as they get wrapped in New Year spirit.

US to send Marines to embassy in Iraq as Trump blames Iran for attack

SA vs ENG: Spin comes into play for England for second Test

England are thinking of bringing a specialist spinner back into the line-up after going with an all-pace attack in their last two outings, coach Chris Silverwood said as they arrived in Cape Town for their second Test against South Africa starting on Friday.

Donald Trump says US-China trade deal will be signed on Jan 15

US President Donald Trump said on Tuesday that Phase 1 of trade deal with China would be signed on Jan. 15 at the White House, though considerable confusion remains about the details of the agreement.

Mayank Agarwal set to be rested for Ranji game ahead of NZ A Tour

India’s Test opener Mayank Agarwal will be rested for Karnataka’s high-profile away Ranji Trophy game against Mumbai, starting January 3 as a part of workload management programme by the BCCI ahead of A team’s tour of New Zealand.