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India's retail inflation rises to 5.03% in Feb; January IIP contracts 1.6% - Vimarsana News

India's retail inflation rises to 5.03% in Feb; January IIP contracts 1.6%

India's retail inflation rose to 5.03 per cent in February, mainly on account of higher food prices, according to the government data released on Friday. The consumer price index (CPI)-based inflation was 4.06 per cent in January 2021 and was 6.58 per cent in February 2020. Food inflation rose steeply to 3.87 per cent in February, compared to 1.89 per cent in the previous month. The core inflation, which measures growth in the consumer price index after removing the food and fuel components stood at 5.8 per cent as against 5.7 per cent in the previous month. Meanwhile, the Index of Indust...

Industrial Production (IIP) Data News: Government Releases Factory Output Data For January 2021 - Vimarsana News

Industrial Production (IIP) Data News: Government Releases Factory Output Data For January 2021

IIP Data: Industrial production fell 1.6 per cent in January 2021 The industrial production was down 1.6 per cent in January from a year earlier, government data showed on Friday. According to a recent poll of analysts conducted by news agency Reuters, the industrial production was expected to rise 0.9 per cent year-on-year in January. The industrial production, or the factory output, gauged by the Index of Industrial Production (IIP), declined 1.6 per cent in January, after registering a one per cent growth in December 2020. Separate government data showed that retail inflation rose 5...

Source: ndtv.com
ECGLS helps push MSME loan growth as of end Sept: Report - Vimarsana News

ECGLS helps push MSME loan growth as of end Sept: Report

Updated: Share Article AAA The emergency credit line guarantee scheme (ECGLS) has helped in the credit growth for small businesses, aiding an index of growth in loans for the crucial sector ending a notch higher at the end of the September quarter. However, because of the special asset quality recognition dispensations like the moratoriums, recast and then the Supreme Court decided standstill, the 'strength index' for the MSMEs (micro, small and medium enterprises) will get clearer in the next few months, Transunion CIBIL and Sidbi, who prepare the index, said. The latest MSME Credit Healt...

From Dehradun to San Jose - Vimarsana News

From Dehradun to San Jose

From Dehradun to San Jose In 2013, Ashish Garg co-founded Eltropy, a global software-as-a-service (SaaS) startup that enables businesses to connect with their customers on SMS (short messaging service) and text messaging apps. 0 claps Good morning! Growing up, not many of us knew what we wanted to do in life. But Ashish Garg, who grew up in a middle-class household in Dehradun, always wanted to become an engineer and start his own company.  Learning the spirit of entrepreneurship and perseverance from his father, he graduated with a degree in Electronics and Instrumentation Engineering from ...

India exits recession as Q3 GDP grows 0.4 pc - Vimarsana News

India exits recession as Q3 GDP grows 0.4 pc

Although this growth marks an exit from a period of recession, the GDP for the entire financial year 2020-21 (FY21) is seen contracting by 8 percent.