Read daily news briefs on economic issues collected from different sources.
The Supreme Court of India, in a majority decision of 3-2, upheld the 10% quota for the poor. According to the constitutional bench, this does not violate the equality code of the constitution. [BL]
The demand for MGNREGA jobs fell in the first half of the financial year 2023. In the financial year 2021-22, the total job created from March to September was 210.02 crore person days which decreased by 17.9% in the same period of the financial year 2023. [BL]
The public sector banks registered a net profit of Rs.40,991 crore in the second half of the current fiscal year. This is a 31.6% increase in the net profit year-on-year basis. [BL]