Last week, after a court ruling on the AB 5 legislation in California, Uber and other ridesharing companies may be forced to classify their independent contractor drivers to regular employees. Share of non-regular employees in India is at 77%. That's a worrying trajectory. Read on for a deep dive.
Among the slew of activities that were disrupted and brought to a halt since the nation-wide lockdown, there were a handful that continued to run interrupted. One among them was the Indian Railways ferrying goods. The Railways ferries a wide basket of goods - what does the freight tonnage tell us about the extent of the recovery?
The RBI releases data on total credit disbursed throughout the country to various sectors every month. Credit to industry has been tapering for quite some time; a phenomenon highlighted by the Economic Survey of 2019-20 as well. However, there are two sectors that stand out: Personal loans and Services. Read on for a deeper dive how they've managed post-lockdown.
Delhi and Mumbai jointly account for more than 35% of credit. But beyond these, which districts are the future engines of growth? How does Chennai's growth differ from Bangalore?
The RBI, in a quarterly statement gives out the credit disbursed and deposits made across all districts of India by these scheduled commercial banks. This is a good indicator of economic activity in a district. How does the landscape of credit distribution across India's districts look?
With a recession breathing down on our necks, the automobile industry was already in a lurch before the Coronavirus pandemic. But the pandemic and the nation-wide lockdown brought the industry to a screeching halt. Will auto-sales recover?
The incorporation of new companies is one measure of how an economy is faring. It's a forward-looking statement from entrepreneurs and the level of risk they are prepared to take. In April 2020, the first full-lockdown month, number of new companies plummeted to 3,783 - a drop of 72%. Put another way, for every four companies formed in April 2019, only one was formed in April 2020.
The coronavirus pandemic has kicked up debates on a whole range of subjects. Some of the most contentious debates have been around how various governments responded to the pandemic. This week, we take up two of them: lockdowns and testing.
As the economy reopens, as the lines of business start moving again, the extent and shape of recovery in foreign trade will be one to track. Because in this case, it’s not just a matter of getting a consignment to a port inside your own country, there’s also the additional dynamic of sending it to another country. Into all this comes China, a country that didn’t get much love from the rest of the world. Even less so as the country where the virus has changed life as we know it originated.
The last of the marathon of press conferences that FM Sitharaman held to announce the plan of the gigantic Rs. 20 lakh crore concluded today. In case you missed it, it had everything from increased lending and changing the definition of MSMEs, power sector reforms and even a couple of space reforms. Everything - except what people were hoping for and what most other countries have done - direct cash transfers.