Business
Reforms to expand French growth 0.3 percent in five years
Paris: A proposed law on growth and activity would help the French economy grow 0.3 percent over five years, the Organisation for Economic Cooperation and Development (OECD) has said.
The economic reform, proposed by Economy Minister Emmanuel Macron, suggests more flexibility on shops’ opening hours in tourist zones and greater competition in closed professions, a news agency reported.
The reform would increase the GDP of the euro zone’s second largest economy by 0.4 percent over a decade, Macron said.
“In the context of a fragile global economy, the Law for Growth, Activity and Equality of Opportunities shows that each economic sector can and must help enhance the dynamism of the French economy,” Angel Gurria, OECD’s general secretary said on Friday.
“There can be no exceptions and the reforms need to be reinforced,” he said.
With the economic reforms, the government wants to let shops open up to 12 Sundays a year from five currently, with more flexibility on opening hours in tourist zones.
It also eyes opening long-distance bus routes and closed professions such as notaries to greater competition, a proposal that triggered demonstrations.
“The synergies between the effects of the reforms and a resulting increase in confidence will be just as important as the continuation of the reforms in the future,” the OECD wrote in a note to Macron.
“In order to improve productivity and ameliorate competitiveness, France should adopt new forms of entrepreneurship and new technologies,” OECD added, saying it was important to reinforce people’s skills and protect the most vulnerable.
The OECD hailed government’s moves to inject dynamism in the domestic job market mainly by reforming social dialogue rules and simplifying the labour code.
However, it called for more action to support job seekers and to implement ambitious reforms in education and training.
In its latest economic outlook, the OECD expected the French economy to grow one percent, in line with the government’s estimate.
Business
Apple is giving a huge discount on its gadgets: Details inside
If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.
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Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.
Amazon Summer Sale May 2022: Discount offer on iPhone 13
Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.
If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.
Buy at Rs. 64,900 (MRP – Rs. 79,900)
Features of Apple iPhone 13
The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.
The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.