Read more about Survey shows 59% firms in India intend to give salary increments in 2021 on Business Standard. A study has shown that 59 per cent of companies in India are intending to give salary increments to their employees in 2021
Further surge in global commodity prices will have serious implications for India s economy which is still struggling to come out of the Covid-19 impact, ratings agency Ind-Ra said. As per Ind-Ra, a higher retail inflation not accompanied by a commensurate increase in wage growth will adversely impact the consumption demand and in turn investment revival in the economy. Though a spike in global agricultural commodity prices could benefit India, it may not move the needle favourably because India, despite the world s biggest exporter of Basmati rice, exported just $6.59 billion worth of cereals and imported vegetable oil and pulses worth $9.66 billion and $1.44 billion, respectively, in FY20.
Around 78.27 lakh (7.8 million) domestic passengers travelled by air in February 2021 which is 36.71 per cent lower than the corresponding period last year, Indian aviation regulator DGCA said on Wednesday. As per the Directorate General of Civil Aviation (DGCA), 77.34 lakh people travelled by air within the country in January. While IndiGo carried 42.38 lakh passengers in February, a 54.2 per cent share of the total domestic market, SpiceJet flew 9.62 lakh passengers which is 12.3 per cent share of the market, according to data shared by the DGCA. Air India, GoAir, Vistara and AirAsia India carried 9.16 lakh, 5.81 lakh, 5.4 lakh and5.21 lakh passengers respectively in February, it showed.
Chief Economic Advisor Krishnamurthy Subramanian on Saturday has said that the country requires growth at this juncture, even with economic tradeoffs, as it aspires to increase its dominance and self- reliance in the global economy. Subramanian s comment comes ahead of the revision of policy framework and inflation targets by the Monetary Policy Committee headed by the RBI governor by March 31. It will be the first review for RBI since it was tasked with a mandated inflation target of 4 per cent with a 2 per cent deviation either way in June 2016, when it adopted a flexible inflation targeting model. At this juncture we must focus on growth and when it comes to pressures for trade-offs, we must be leaning on growth, Subramanian said at a virtual annual regional meeting of the CII, Eastern Region.