The severe impact can be seen in the number of individuals filing for unemployment insurance for the first time—one of the most timely economic indicators. Until this year, the highest this figure had ever reached in a single week was just under 700,000–a level previously associated with only the depths of a recession. The U.S. has broken that record every single week since March 21, with a peak of over six million in late March and early April. In the week of November 14, another one million people filed for unemployment benefits, including those who received special pandemic-related aid intended to help people ineligible for the regular program. … [Read more...] about What can Biden do to quickly stimulate the sputtering U.S. economy?
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This form of agri credit is deemed as an institutional source of agri finance that consists of banks, cooperatives and the like, with a mere 10 percent share in 1951, which now reads 72 percent. The other source is non-institutional involving relatives, moneylenders and landlords, which for long has been a bane for Indian agriculture due to higher interest rates, but still remains high at around 28 percent, as against 90 percent earlier. … [Read more...] about Agri finance: Another year, another panel. Will things change?
Political parties have a history of using modern-day gadgets to woo young voters in Uttar Pradesh. In 2012 assembly polls, Samajwadi Party (SP) defeated Bahujan Samaj Party (BSP) riding on a pre-poll promise of distributing free laptops to students who had passed class 12th. Towards the end of its term in 2017, the SP government led by Akhilesh Yadav has distributed nearly 18 Lakh “Samajwadi laptops” to students. In the runup to 2017 Assembly polls, BJP also promised laptops and 1 GB free Internet data to college students. … [Read more...] about UP Congress to hold online test to woo young voters
Disclaimer: The views and investment tips expressed by experts on moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Mindtree share price gains on agreement with Nordex Group