Jobless rate: 11 states hit double digits in January-March
Urban joblessness rates in all age groups in at least 11 states remained in double digits, while it was stubbornly high among 15 to 29 year olds across all states, with this segment’s overall unemployment rate hitting 22.9% in the January-March quarter of 2020-21, latest data showed. In the October-December quarter, 12 states had reported double-digit urban joblessness rates.
India working to create bubbles with 10 more countries: Scindia
With Omicron deferring resumption of regular international flights, India is currently working on creating air bubbles with 10 more countries including Saudi Arabia and Switzerland. Since last summer, India has so far created bubbles with 31 countries.
RBI initiates insolvency proceedings against Reliance Capital at NCLT
The Reserve Bank of India (RBI) on Thursday filed an application for initiation of Corporate Insolvency Resolution Process (CIRP) against debt-ridden Reliance Capital at the Mumbai bench of the National Company Law Tribunal (NCLT).
Jet Airways in talks with Boeing, Airbus for $12 billion order
The new owners of once-bankrupt Jet Airways India are in talks with Boeing Co and Airbus SE to purchase at least 100 narrow body jets for the carrier’s fleet in a bid to revive what used to be the biggest private airline in the South Asian nation before it collapsed under a pile of debt.