Fast-moving consumer goods (FMCG) sales continued to be lower in June compared to May with urban sales witnessing a steeper decline than rural. Sales of goods from shampoos to biscuits stayed lower due to inflationary pressures on commodities. This pushed consumer companies to continue taking price hikes, thus impacting … Read more
Cooperation Minister Amit Shah on Thursday said urban cooperative banks need to focus on symmetric development and adopt modern banking methods to stay in competition. He emphasised on the reforms in urban cooperative banks and asked them to make structural changes, computerise accounting processes and infuse young talent in … Read more
The coronavirus pandemic may have forced 51.6 per cent of men in urban India to migrate to their rural homes in what could be the country’s worst reverse migration, according to a report released by the National Statistical Office. The Periodic Labour Force Survey (PLFS) conducted during July 2020-June … Read more
The opening of the world’s first metro system in London in 1863 was a chaotic event: steam in the tunnels obscured signals and choked drivers, the gas lighting frightened travellers — and “there were so many anxious passengers trying to get on board, that there were fights for seats”, according to the Penny Gazette. Nearly … Read more
The Economic Advisory Council to the Prime Minister (EAC-PM) recommended on Wednesday that the government introduce a demand-based guaranteed employment scheme for the urban unemployed on the lines of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). It also suggested a universal basic income (UBI) and the allocation of higher funds … Read more
The Economic Advisory Council to the Prime Minister (EAC-PM) on Wednesday suggested that the government should come out with a guaranteed employment scheme for the urban unemployed as well as introduce a universal basic income and allocate higher funds towards the social sector to reduce inequality in India. The report … Read more
Gustavo Petro once lived a clandestine life as an urban guerrilla and was imprisoned and tortured. Now the former revolutionary is the favourite to win Colombia’s presidential election and lead the most leftwing government in the traditionally conservative South American nation’s history. His programme, which includes ending new oil exploration and open pit mining, banning … Read more
2/2 © Reuters. FILE PHOTO: Singer Mickey Gilley arrives at the 50th Annual Academy of Country Music Awards in Arlington, Texas April 19, 2015. REUTERS/Mike Stone 2/2 By Bill Trott (Reuters) – Country singer Mickey Gilley, whose namesake Texas-sized honky-tonk bar was the birthplace of the “Urban Cowboy” music and fashion fads of the 1980s, … Read more
As has been well documented, buy-to-let (BTL) activity was up strongly last year, but a particular quirk of 2021 was the rise in purchase activity in urban centres. Many predicted that a consequence of the pandemic would be a surge in demand for homes in suburban or rural areas. Although that was also the case, … Read more
Observing that mushrooming of illegal colonies across the country is a menace to urban development, the Supreme Court Monday said there is a need for a comprehensive action plan by state governments to prevent these illegal colonies from coming up. A bench of Justices L Nageswara Rao and B R … Read more