It was reported earlier that about 2 lakh jobs have been lost in automobile industry including the house of Tatas. But the latest information is more serious. The job loss is more than three lakhs, it is stated. It is also stated that the demand is lowest in the last ten years.
Banks are planning to reduce the interest for the SB Accounts. This will hit the ordinary people who put their savings in the banks.
Is it going to an economic crisis?