Various studies have found that the wheel of the economy, which has come to a standstill in the lockdown, will start turning very fast. This time its direct result was seen in Diwali. Evidence of an overall increase in sales in the country despite the ban on the sale of bets has been found in the Mill survey. According to the Confederation of All Traders, Diwali has seen a turnover of Rs 72,000 crore this year. Which is a strong indication of turning around.
This report has been prepared by collecting data from 20 major cities of the country. According to the report, the ban on the sale of bets across the country has damaged businesses worth at least Tk 100 crore. But without selling bets, the total sales in Diwali have increased by more than 10 percent. Businesses like electronics, home decor, gifts, sweets, clothes, shoes have turned up.
According to a recent report by Oxford Economics, India's economy is turning faster than expected. According to the survey, inflation could be above 6 per cent in the last quarter of the year. On the other hand, the Reserve Bank may announce a new repo rate in December.
Incidentally, Nirmala Sitharaman had made the same demand at the press conference a few days ago with the announcement of the third phase of the package. Let me tell you, the most significant part of the third part of the self-reliance package is the self-reliance earning plan. This facility will be available if any organization under epfo employs employees below Rs 15,000. However, the condition in this case is that the lost worker must be employed between 1 March and 30 September. The facility will be available from the first day of October to July 30.