India’s retail inflation spikes to 6.30% in May: Govt data

India CPI Inflation Rate May 2021: India’s retail inflation surged to 6.30 per cent in the month of May, over and above the Reserve Bank of India’s (RBI) threshold of 6 per cent, data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed Monday. The retail inflation,…

Covid-19: India may see 10% unemployment rate in May as local lockdowns hit jobs

The unemployment rate in India is likely to cross 10 per cent in May due to stricter restrictions across states amid the ongoing second Covid-19 wave. Employment in urban areas has taken a harder knock this month. With the second wave of the Covid-19 pandemic far from over in India, states are likely to go slow on the…