Budget 2018-19

  Repo rate and the reverse repo rate remain unchanged at 4% and 3.35% The Reserve Bank of India’s monetary policy committee kept key interest rates unchanged, while retaining an accommodative stance to help revive the economy, which is facing a slowdown due to the coronavirus pandemic. Repo rate and the reverse repo rate remain unchanged at 4 per cent and 3.35 per cent, respectively, said RBI Governor Shaktikanta Das in a statement on Friday after a three-day meeting of the committee in Mumbai. The RBI lowered its full year 2021/22 retail inflation projection to 5.3 per cent from 5.7 per cent, saying the inflation trajectory has turned out to be more favourable than expected. It maintained its full-year economic growth forecast at 9.5%. “We derive comfort from the fact that the inflation trajectory is turning out to be more favourable than anticipated,” Das said. “In spite of global headwinds, we hope to emerge from the storm and sail towards normal times steered by the underlying...

  A third of India's technology services labor force comprises women, already a better gender ratio than most other industries in the country   The coronavirus pandemic has hit women worldwide with job losses and closures of childcare centers. Yet a surprising bright spot is emerging: India’s $200 billion technology services industry, where new rules are expected to provide female workers with a broad swath of flexible work arrangements and fresh employment opportunities. On the outskirts of New Delhi, Teena Likhari, 45, quit her job running operations for the Indian back office of a Silicon Valley company in 2018 because of a family medical emergency. Looking to rejoin this year, she expected a market stunted by lockdowns. Instead, the pandemic had made  work-from-home  mainstream in her industry, which had long shunned the practice. Not only did the operations manager quickly land a job with Indian outsourcer WNS Global Services, but working from her home in the ci...