India continues to maintain its streak of world-beating economic Growth after GDP for the March quarter beat all expectations with a 6.1 per cent expansion that helped push the annual Growth rate to 7.2 per cent. After this, the Indian economy is now USD 3.3 trillion in size. Asia’s third-largest economy beat all estimates to grow at 6.1 per cent in January-March, the last quarter of the 2022-23 fiscal, up from...
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US FDA Flags Lapses by Indian Firm's Eye Drops Linked to Vision Loss and Deaths - Tabassum Barnagarwala
Scroll.in The US Food and Drug Administration has found a series of violations in the manufacturing process and sterilisation methods adopted by Global Pharma, the Indian manufacturer of an eye drop that has been linked to 68 cases of eye infection in America, including eight cases of vision loss and three deaths. The company recalled its product, EzriCare Artificial Tears Eye Drop, early in February. The over-the-counter product has been linked to...
More »Government hikes wages under MGNREGA, check state wise rates here - Nishtha Pandey
CNBC-TV18 The notification was issued under Section 6 (1) of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Starting April 1, wage hikes ranging from Rs 7 to Rs 26 will be implemented. The central government has notified a hike in wage rates under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) for FY 2022-2024. After the hike Haryana has the highest daily wage at Rs 357 per day. While...
More »Women’s Work and Wages Continue at Abysmal Levels - Subodh Varma
Newsclick.in The share of women who are earning through work continues to remain shockingly low in India according to the latest data from the annual Periodic Labour Force Survey (PLFS) 2021-22 released last month. The report, compiled by the National Sample Survey Office (NSSO) under the ministry of statistics, also provides a glimpse of the unconscionable gap between the earnings of men and women. In rural areas, about 57% of men are...
More »Rural Consumption Stays Sluggish; Weather poses risk to recovery - Gireesh Chandra Prasad
Livemint While India staged a double-digit rebound in household consumption in FY22 which is set to expand at over 7% this fiscal, experts point out that India’s consumption story has a weakness — rural folk tightening their belt in the face of inflation. The silver lining is that the worst may be over, unless El Nino conditions disrupt the arrival of the rains and dampen a consumption revival, experts said. Gross domestic product...
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