Consumer confidence has dipped to a new low as the second wave of Covid-19 pandemic continues to take a toll on lives and businesses across the country, a new survey by the Reserve Bank of India (RBI) shows. The current perception compared with one-year ago fell to a record 48.5 in May from 53.1 in March, shows the survey where 100 is the level that divides pessimism from optimism.
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'Indian consumer confidence hits record low in May 2021 amid COVID second wave': RBI survey.
Consumer confidence has dipped to a new low as the second wave of Covid-19 pandemic continues to take a toll on lives and businesses across the country, a new survey by the Reserve Bank of India (RBI) shows. The current perception compared with one-year ago fell to a record 48.5 in May from 53.1 in March, shows the survey where 100 is the level that divides pessimism from optimism.
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'Indian consumer confidence hits record low in May 2021 amid COVID second wave': RBI survey
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Members of Employees’ Provident Funds Scheme can now avail one more non-refundable advance from their EPF deposits. In order to support its subscribers during the second wave of COVID-19 pandemic, the retirement fund body on Monday (May 31, 2021) allowed its members to avail second non-refundable COVID-19 advance, the government said in a notification.
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EPFO allows members to avail second Covid-19 advance amid second wave
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ET's Vinay Pandey and Saubhik Chakrabarti analyse India's macro-economic prudence vis-à-vis consumer confidence, ahead of the Union Budget 2020, which comes at the backdrop of a slowing economy. Watch now.
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