-TheWire.in According to a research note by SBI, for every one dollar of increase in the pooled gas rate, India’s fertiliser subsidy bill shoots up by Rs 4,000-5,000 crore. There is no such thing as a localised conflict in a globalised world. Sooner rather than later, fallouts from the Russia-Ukraine war will overwhelm the operations of developed and developing economies alike, leading up to the largest, and possibly, the worst food crisis...
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How Putin’s war on Ukraine is affecting Karnataka farmers -Yamini CS
-Hindustan Times Russia's invasion of Ukraine raises cattle feed prices, making it impossible for Karnataka farmers to buy. Farmers in North Karnataka say they cannot afford cattle feed prescribed by the Karnataka Co-operative Milk Federation (KMF), with war uncertainty hiking prices further in the last 15 days. Farmers incur losses because their cows produce significantly less milk compared to the landlords who use the feed, thereby not being able to sell as much...
More »Russia’s war in Ukraine is crushing Sri Lanka’s $81 billion economy -Anusha Ondaatjie
-ThePrint.in Hit by soaring oil import costs and a dip in tourism revenue, Sri Lanka is racing to avert a default amid dwindling forex holdings. Colombo: Russia’s war in Ukraine, which has caused a humanitarian crisis and convulsed global financial markets, is now threatening to crush an $81 billion economy more than 4,000 miles away in the Indian Ocean. Hit by soaring oil import costs and a dip in tourism revenue, Sri Lanka...
More »COVID-19 resurgence: Cases rise in China, Europe and New Zealand -Taran Deol
-Down to Earth Hong Kong and New Zealand facing huge waves; situation in Hong Kong similar to India delta wave The COVID-19 pandemic is again rearing its head on the opposite sides of Eurasia after a lull, with both, China and Europe reporting a rise in cases, according to media reports. New Zealand too is facing a resurgence in cases. China recorded 5,280 new cases March 16, 2022, which is a more than...
More »Real wage rates of the rural workers hardly increased during the last 6 years
In the absence of income or expenditure-based headcount ratio, the growth in the real wages (i.e., nominal wages adjusted against retail inflation) of the manual workers is considered to be a good proxy to assess the trends in poverty. This is because the manual, unskilled/ semi-skilled labourers exist at the bottom of the pyramid or economic hierarchy, and most of them belong to the social categories Scheduled Castes (SCs) and...
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