Industrial production drops by 1.1% in Aug
Industrial output declined by 1.1 per cent in August due to poor performance by manufacturing, power generation and mining sectors, official data released on Friday showed.This was the sharpest decline in industrial output growth since February 2013.The Index of Industrial Production (IIP) had expanded by 4.8 per cent in August 2018.
#industry #industrial #modisarkar #pm-modiji-namo #modi #economy #economyslowdownindia #august #financeminister
Reliance Industries’ Chairman Mukesh Ambani has topped the list of richest Indians for the eighth consecutive year, with a net worth of Rs 3,80,700 crore, according to the latest IIFL Wealth Hurun India Rich List.
London-based SP Hinduja & family, with assets worth Rs 1,86,500 crore, retained the second rank in the list, followed by Wipro founder Azim Premji at the third place with a wealth of Rs 1,17,100 crore.
According to the latest IIFL Wealth Hurun India Rich List, the number of Indians having a net worth of more than Rs 1,000 crore has grown to 953 this year from 831 in 2018; while, the number of billionaires in terms of US dollar has reduced to 138 from 141.
“The combined wealth of top 25 in the list equates to 10 per cent of India’s GDP and that of 953 accounts for 27 per cent,” it said.
#ambani #ambanifamily #wealth #rich #india #money-money-money #money-money-money #moneyplant
union Home Minister Amit Shah on Monday proposed the idea of a multipurpose identity card for citizens with all utilities like passport, Aadhaar, driving licence and bank accounts. Which card can serve the purpose? Voter cards have a 99.36 per cent penetration in India but only 897 million citizens were eligible to vote in General Election 2019. Indians have 574 million bank accounts, but it could include multiple accounts held by individuals. Aadhaar could be a natural choice for its reach and dynamism: 91 per cent of Indians (12.44 billion), out of total population of 13.69 billion (on Sep 23, 2019) now have an Aadhaar card. It has already been used to authenticate almost 34 billion transactions.
#amitshah #onedirection #aadharcard #citizen #passport #pan #pm-modiji-namo #pm-modiji #modi-india ...See more