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Express News Service CHENNAI: A report from the chairman of the Prime Minister Economic Advisory Committee has shown that Tamil Nadu, a State with high incidence of youth unemployment, saw urban unemployment double from 2020 to 2021. According to the report, titled ‘Post Covid Employment Scenario in India’, by Bibek Debroy, the urban unemployment rate in TN, though similar to the national average of 7.27 per cent in February 2021, is more than double that of the previous year. The rate at the level of ‘graduate and above’ was at 16.78 per cent in February 2021, and it continues to rem...

Respected Nirmala ji,  It is now over a year that Hon’ble  Prime Minister announced the Aatmanirbhar relief package of Rs.20 lakh crore for all the sectors adversely impacted by Covid. As the Minister for Industries in Telangana, I have focused hard on ensuring that the MSMEs of our state who constitute the backbone of our manufacturing sector benefit from the package.

Global real estate investment company Kennedy Wilson (NYSE: KW) announces that its debt investment platform has crossed $1 billion in loans secured by high-quality real estate across the Western United States. The new milestone comes on the heels of the company launching a new $2 billion debt platform in mid-2020.

The manufacturing sector and micro, small and medium enterprises (MSME) are spearheading economic growth in the country after the outbreak of Covid-19 while many contact-intensive services sub-sectors remain severely affected by the crisis.

In the wake of the pandemic, the RBI undertook several conventional and unconventional measures. "Unlike many central banks, the RBI's asset purchases did not dilute its balance sheet and hence, did not compromise on core principles of central banking," Das said while addressing an event organised by the Bombay Chamber of Commerce. These purchases were confined to risk-free sovereign (government) bonds including state government securities only, he said. Other than conventional measures, RBI introduced long term repo operations (LTROs) and targeted long term repo operations (TLTROs) to au...