Human senses: The next battle for online retailers


Human

t’s hard to find things that won’t sell online," Amazon’s founder Jeff Bezos once said. As the internet shrinks the world, it has expanded the size of markets. Covid has catapulted its growth. An eMarketer study says that despite a challenging year for retail in 2020, worldwide...

Government hopeful to hold monsoon session on schedule in July


Government

Parliamentary Affairs Minister Pralhad Joshi said that the government is hopeful that the Monsoon Session of Parliament will begin on its normal schedule in July. Since the pandemic began, three sessions of Parliament were curtailed and the winter session last year had to be canceled....

No plan to print more currency notes, says RBI Governor


No

Reserve Bank of India (RBI) Governor Shaktikanta Das said there was no plan to print more currency notes. The Governor’s statement comes amid suggestions from certain quarters that the RBI print more currency notes to support the economy ravaged by the spread of COVID-19, and protect...

Rupee settles 8 paise lower at 72.99 against US dollar


Rupee

The rupee fell 8 paise to close at 72.99 against the US dollar on Friday, with forex market participants weighing RBI policy measures aimed at mitigating the COVID-19 impact on the economy. Reserve Bank of India (RBI) on Friday decided to leave the benchmark interest rate unchanged at...

GST collections in May drop to the lowest level since September 2020


GST

India’s Gross GST revenue fell to ₹1.02 lakh crore in May, from a record ₹1.41 lakh crore in April, but the number was likely to be revised upwards. The May collections, broadly pertaining to transactions in April, are the lowest since September 2020, which recorded a revenue of...

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