The CSO releases the quarterly GDP estimates with a two-month lag every year. It also releases annual advance estimates in first week of January and later in the last week of February. National accounts estimates go through multiple revisions through three years based on updated data across sectors.The first provisional annual estimates are released on the last working day of May. So, for 2018-19, the provisional GDP estimates will be released on May 31, 2019. … [Read more...] about Fresh Row: What is India’s GDP and how is it calculated?
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The salary in each state where you make more on unemployment While many have speculated on the number of minimum wage workers who would be better off financially working for minimum wage, the number of skilled workers has been underestimated. For example, Massachusetts’ generous unemployment policies combined with the stimulus means all workers making under $73,996 would receive more a week unemployed than they do from working. … [Read more...] about This unemployment benefits calculator will help you determine what you’ll get during COVID-19
No. The moratorium (assuming you availed of one in March) allows you to pause EMI payments for three months. But it does not mean that your loan tenure will get extended by an equal number of months. This is because the RBI has stated that interest will continue to accrue during the period. It is not a waiver, so those who are not facing financial upheaval due to the COVID-19 pandemic and the lockdown across the country are better off not opting for it. … [Read more...] about Moratorium: Skipping three EMIs? Be ready to pay 16 more instalments
Try and supplement your income, by taking up assignments over the weekends. Of course, these shouldn’t conflict with your main job; moonlighting is always frowned upon in professional circles and is rightly deemed unprofessional. Instead, tap into your hobbies or some talent that can earn you an extra buck. Use your weekends to harness a different side of yourself than your week-long work-office personality. This supplementary income may be minimal, but if you’re good at what you do and are creative, who knows, your hobby might even become your profession in the future. That’s one way to invest in yourself in these times. … [Read more...] about Graduating amidst the COVID-19 pandemic? Money tips to wade through a tough job market
To sum up, the three-EMI moratorium will definitely give the consumers a breather in managing their cash flows and is a “Positive Move,” creating financial convenience. So, should you have a cash flow crunch and have difficulty in managing the EMI, do write to your banker/lending institution and seek the moratorium. It will cost you extra interest, but that can be set off in the long run. If you have a surplus or enough cashflows, it is advisable not to avail the moratorium. It will not only give you substantial financial benefits, but will also help banks and financial institutions in assisting the really needy during this crisis. … [Read more...] about Facing a cash crunch? Take the moratorium, but increase EMIs later