India's unemployment rate fell to its lowest point during the coronavirus lockdown. Asian Development Bank has sanctioned a $1.5 billion loan to India to support immediate priorities including disease containment and prevention, along with social protection for the poor and economically vulnerable sections. HSBC has put on hold layoffs under its restructuring programme in view of the coronavirus crisis. Read for more news from the world of business and economy:
The unemployment rate fell to 21.1 per cent in the week ended April 26, lowest during the coronavirus lockdown period, according to the Centre for Monitoring Indian Economy.
In Q4 FY20, Axis Bank reported a net loss of Rs 1,387.78 crore versus net profit of Rs 1,505.06 crore for the corresponding period last year, due to higher provisioning amid coronavirus pandemic.
The $1.5 billion loan has been sanctioned with a view to support immediate priorities including disease containment and prevention, along with social protection for the poor and economically vulnerable sections.
Last week too, HSBC had said that it's moving ahead with the plans outlined in February to shift capital from under-performing businesses, reduce costs and strip out layers of management.
The BSE said the features shall be enabled in the simulation environment and made available to members and vendors to test from May 4, 2020, onwards.