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Delhi, Punjab, UP among states hit by coal shortage, power outages likely -- Top points

-Hindustan Times In view of the shortage of coal, a dominant fuel used to generate electricity in the country, the government halted hundreds of passenger trains. Meanwhile, state-run Coal India ramped up coal production by 27.2% in April. Several states across the country reeled under long power cuts, as hotter-than-normal temperatures pushed the electricity demand, triggering a major power crisis. According to a report by Reuters, electricity supply fell short of demand...

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India's military spending 3rd highest in world after US, China: Reports

-ANI/ DeccanChronicle.com According to the Stockholm based institute, India's military spending was up by 0.9 per cent from 2020 and by 33 per cent from 2012 Stockholm (Sweden): World military expenditure reached an all-time high of USD 2.1 trillion in 2021, the Stockholm International Peace Research Institute (SIPRI) said on Monday, adding that the top three largest spenders were the United States, China and India. "Total global military expenditure increased by 0.7 per...

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Sri Lanka says it will default on its entire $51-billion external debt

-Scroll.in It has come to a point that making debt payments is impossible, the country’s central bank governor said. Crisis-hit Sri Lanka on Tuesday said it would default on its entire external debt worth $51 billion (over Rs 3.88 lakh crore) till it receives a bailout from the International Monetary Fund, AFP reported. A country’s external debt pertains to the money borrowed by it from foreign lenders through commercial banks, governments, or international...

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Jaime Saavedra, World Bank’s Global Director for Education, interviewed by Jagriti Chandra (The Hindu)

-The Hindu Post-COVID learning for children should be accelerated, says World Bank’s Global Director for Education Jaime Saavedra. World Bank’s Global Director for Education Jaime Saavedra was in India last week to meet Union Education Minister Dharmendra Pradhan and governments of Gujarat and Uttar Pradesh to discuss concerns over learning losses for children due to the COVID-19 pandemic and the need for concerted efforts to bridge these gaps. In a sit-down interview...

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Needed: Quality jobs for all -Amir Ullah Khan

-Deccan Herald Improving Workforce Participation Unemployment at 7.9%! Many may wonder why so much is made of a ratio that has been hovering between 6% and 8% since 2017. In India, when 7% lose their jobs, it means more than 40 million are without work. In December 2021, the CMIE informed us that 53 million Indians were unemployed. Assuming that each individual supports at least four other dependents in the household, it...

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