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 5.03 per cent in February 2021, due to higher food and fuel prices. (
According to the Index of Industrial Production (IIP) data released by the Ministry of Statistics and Programme Implementation (MoSPI), the indices for the mining, manufacturing, and electricity sectors for the month of January 2021 stand at 119.7, 135.1, and 164.2 respectively.
CPI, IIP data latest I Retail inflation rises to 5 03% in Feb, highest in three months; January IIP contracts 1 6% timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.
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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 Health Index indicates that credit growth has accelerated, as the overall growth index inched up to 114 points, which is a three-point increase from 111 in June. The overall Strength Index also improved to 89 from 83 over the same period, the index prepared by the credit information company and the state-run financier said.
MSME: ECGLS helps push MSME loan growth as of end Sept: Report indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
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.
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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 BITS, Pilani.
But the turning point came when Hotmail, founded by BITS alum Sabeer Bhatia, got sold to Microsoft for $500 million. Ashish thought, “If he can do it, why can’t I?”