Reuters India is set to produce lesser sugar than previously estimated by industry bodies and government agencies, with the cane crop maturing early and losing weight due to weather conditions in key growing regions, farmers and traders told Reuters. Lower sugar output could prevent the world's second-biggest exporter from allowing additional exports, potentially supporting global prices and helping rivals Brazil and Thailand to increase their shipments. India was estimated to produce 34 to...
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Air Travel sets a new record in February - Anu Sharma
Livemint Air travel in India has surged to a new post-covid record in February, with an unexpectedly robust showing in what is typically one of the slowest periods for airlines, driven by a rebound in corporate travel and demand from events such as the recent G20 meetings and Aero India. India’s average daily domestic air passenger numbers in February increased to around 420,000 from 410,000 in December. The average daily passengers in...
More »NREGA sangharsh morcha asks for withdrawal of NMMS app for marking compulsory worker attendance
In the recent week, the Ministry of Rural Development (MoRD) has dealt three major, concerted blows to the National Rural Employment Guarantee Act (NREGA): (1) The Budget allocation for NREGA was reduced to just Rs 60,000 crore in 2023-24 (less than Rs 50,000 crore if we deduct wage arrears from 2022-23). This makes this year’s allocation the lowest as a proportion of GDP (0.2%) in the history of the programme. (2) The...
More »Government sells Rs. 900 crore of wheat to counter food price spike - Ravi Dutta Mishra
Food inflation rose sharply to 6.19% in January from 4.58% in December, led by rising prices of most segments Livemint.com The union government on Wednesday sold 385,000 tonnes of wheat worth ₹901 crore in the open market, in the second round of a planned auction of three million tonnes it plans to offload from the central pool to counter rising prices of the key foodgrain. The move assumes significance as India’s retail inflation...
More »How will Indian Cities Fare if a Turkey-like Earthquake Strikes the Subcontinent?
On 6 February, 2023 Southern Turkey and the adjoining areas in Syria were hit by a 7.8 magnitude earthquake followed by several aftershocks. The tremors have flattened buildings and destroyed roads and other infrastructure. At least 35,000 casualties (UPDATE) have occurred across Turkey and Syria, with the vast majority being in the former nation. A news report cited the Turkish environment minister saying that 24,921 buildings across the region had collapsed. What...
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