French Economy

Posted Posted in economic news today

economic news today

Moody’s Projects Indian Economy To Contract 11.5% This Fiscal

Equally ominous had been the phrases of Maharashtra Chief Minister Uddhav Thackeray, who, while talking to the Chief Ministers of different non-BJP dominated states, suggested reverting to the pre-GST regime. Thackeray was responding to a GST Council assembly where the Union authorities expressed its incapability to pay the compensation quantity — roughly Rs 2.35 lakh crore — that was because of the states under the GST regime. The previous week provided several key developments that present the context to the GDP numbers. By persevering with to use the positioning, you accept our Privacy Policy and Cookie Policy.

Employers will proceed to pay the wages of employees for the hours they work – however for the hours not labored, the government and the employer will every pay one third of their equivalent salary. Under the scheme, which can run for six months and assist maintain staff hooked up to the workforce, the government will contribute in direction of the wages of workers who’re working fewer than regular hours as a result of decreased demand.

Thousands extra Aussies are expected to lose their jobs by the end of the yr because the country …