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New IIP series shows severe impact of demonetisation on manufacturing sector -Manas Chakravarty

-Livemint.com In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years. This is very likely a result of the...

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Women labour in drought-hit Karnataka on a mission to revive water bodies -Vikram Gopal

-Hindustan Times These women have come together to force the administration to give them designated work under the Mahatma Gandhi National Rural Employment Guarantee Act. The scorching heat and glaring sun don’t seem to deter the spirit of villagers clearing weed and silt from a dry lake in Bevanahalli, Mandya district. Sowbhagya, one of the labourers, from the 75-member group is worried about completing the task assigned on time. “The authorities gave us...

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How Tiruppur is now weaving a green cover for the district -Pankaja Srinivasan

-The Hindu How Tiruppur, India’s knitwear hub, is now weaving a green cover for the entire district We moved this tree 15 km on a truck along the stretch between Avinashi and Avinashipalayam.” V. Mahendran points to a hulking tree trunk. “The operation took us nine hours. Even with its branches and most of its canopy chopped off, it weighed more than 40 tonnes.” We are at the Tiruppur Collectorate, and Mahendran,...

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New WPI series suggests higher core inflation rate in past 6 months: CRISIL

-Business Standard WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a...

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TN against move to price groundwater for agriculture -T Ramakrishnan

-The Hindu State government preparing its response to the model groundwater bill circulated by Central government The State government does not favour the idea of pricing groundwater for agriculture. The government, which is fine-tuning its response to the model groundwater bill circulated by the Central government, feels that the text of the model bill provides scope for the idea, which, if translated into action, will only attract controversies, says a senior official. Though...

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