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Unemployment rate shoots up to 8% in April; 7.35 million lose jobs: CMIE

Unemployment rate shoots up to 8% in April; 7.35 million lose jobs: CMIE
While fall in labour force participation could be attributed to partial lockdowns, fall in employment cannot be attributed to lockdowns. Most job losses are from agricultural sector, which is not impacted by lockdowns. April is a lean month for employment in farms
BusinessToday.In | May 12, 2021 | Updated 14:22 IST
Salaried employees saw a loss of 3.4 million jobs in April
April turned out to be worse than expected when it came to jobs as states resorted to strict lockdowns. The unemployment rate shot up from 6.5 per cent in March to 8 per cent in April, while the employment rate fell from 37.6 per cent in March to 36.8 per cent in April, data by private think tank CMIE said. ....

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PVs sales down 10.07%; 33.52% dip in 2-wheeler units as lockdowns hit auto industry: SIAM

PVs sales down 10.07%; 33.52% dip in 2-wheeler units as lockdowns hit auto industry: SIAM
Supply chain related production challenges continue with the lockdown restrictions in many parts of the country. In the three-wheeler category, 13,728 units were sold in April 2021 compared to 31,930 units sold in March, thereby showing a 57.01 per cent decline
BusinessToday.In | May 12, 2021 | Updated 12:31 IST
The auto industry has been majorly impacted due to the second wave of Covid-19
Passenger vehicle wholesale stood at 261,633 units in April 2021 compared to 2,90,939 sales recorded in March, a 10.07 per cent decline in auto sales, the SIAM (Society of Indian Automobile Manufacturers) data shows. The auto industry has been majorly impacted due to the second wave of Covid-19, which has forced auto companies to shut plants across India. A spate of lockdowns in various states across the country have impaired dealers from conducting business. ....

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New inflation trouble for RBI! Currency depreciation against US dollar big worry

The second Covid wave is also expected to upset the RBI s inflation calculation as local lockdowns impact supply chain and logistics ....

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