Tag: #EconomicCrisis

Rupee Hits All-Time Low of 87.94 Against US Dollar: Experts Warn of Further Decline

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Rupee Hits All-Time Low of 87.94 Against US Dollar: Experts Warn of Further Decline

The rupee’s fall comes at a time when it has already become Asia’s worst-performing currency of the year and as the RBI tries to build up its forex reserves. The rupee plunged 44 paise to hit an all-time low of 87.94 against the US dollar in early trade on Monday. This comes at a time when the rupee has already become Asia’s worst-performing currency of the year after experiencing a series of record lows, according to a Bloomberg report which cited brokerage firm Nomura. Why did the rupee fall? The rupee’s…

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MSME Crisis: J&K Suffers 700 Closures in Four Years, Part of National Struggle

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MSME Crisis: J&K Suffers 700 Closures in Four Years, Part of National Struggle

700 MSMEs shut shop in J&K in 4 years; The closures in J&K are part of a larger nationwide trend, with 61,469 industrial units, including 60,909 micro, 507 small, and 53 medium-scale enterprises, closing during the same period Srinagar, Dec 5: In a significant blow to Jammu and Kashmir’s industrial landscape, over 700 Micro, Small, and Medium Enterprises (MSMEs) have shut down operations in the past four years. According to a written reply by Union Minister of Commerce and Industry Piyush Goyal in the Lok Sabha, 701 industrial units, including…

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