-Scroll.in The fading away of the base effect and a contraction in the manufacturing sector led to the falling numbers. India’s gross domestic product grew by 6.3% in the July-September quarter of financial year 2022-’23, the Union Ministry of Statistics and Programme Implementation said on Wednesday. This was a sharp decrease from the 13.5% growth in the previous April-June quarter. In the corresponding July-September quarter of financial year 2021-’22, the growth rate was...
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High food prices push retail inflation to 5-month high of 7.41% in Sept -Asit Ranjan Mishra
-Business Standard IIP shrinks 0.8% in Aug - a first in 17 months In a double whammy for the Indian economy, the retail inflation rate shot up to a five-month high in September, while factory output contracted after a gap of 17 months in August. This could force the Reserve Bank of India (RBI) to hike the repo rate yet again in December. Data released by the National Statistical Office showed that consumer...
More »No Transparency, Accountability or Public Participation when ISA Approves Exploratory Deep-Sea Mining
-Press release by Mineral Inheritors Rights Association (MIRA) dated September 21, 2022 The United Nations Convention on the Law of the Sea (UNCLOS) declares that the area beyond the limits of national jurisdiction (comprising the seabed, ocean floor and subsoil, excluding the water above) (the “Area”) and its resources, are the Common Heritage of Humankind. All rights in the resources of the Area are vested in humankind as a whole. UNCLOS provides...
More »Realistic analysis shows that the Indian economy has simply taken little steps in Q1 instead of a quantum leap
There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...
More »‘Digging your own grave’: Illegal sand Mining devastates Bihar’s rivers -Mohd Imran Khan
-TheThirdPole.net This year, Bihar extended a seasonal ban on Mining sand from its rivers. But illegal sand Mining continues every day across the eastern Indian state Deep inside the riverine belt of Koelwar in Bhojpur district of Bihar, around four to five kilometres from the main road and well out of sight, a dozen labourers are cutting and digging a portion of the Sone River in bright afternoon sunshine. Bare-chested, wielding spades...
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