-The Hindu Business Line Trade deficit, primary income outweighed services surplus: ICRA India’s current account deficit (CAD) doubled sequentially to an all-time high of $36.4 billion in Q2 FY23 from $18.2 billion in the previous quarter, and was nearly four times higher than the $9.7 billion posted a year ago. CAD for FY22 was at $38.77 billion. The Q2 CAD was equivalent to 4.4 per cent of the country’s GDP as against 2.2...
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Jharkhand eyes rural empowerment -Animesh Bisoee
-The Telegraph In the last three years since the UPA alliance led by Hemant Soren came to power in December 2019, there has been a sixfold increase in the number of women self-help groups receiving community Investment funds Jamshedpur: Sustained drive by the Jharkhand State Livelihood Promotion Society (JSLPS) has led to the fruition of empowerment of the rural economy, a dream of Jharkhand chief minister Hemant Soren. In the last three years...
More »India’s transition to electric mobility will be faster, say experts -Aroosa Ahmed
-The Hindu Business Line The Govt has a target of 30% EV penetration in private cars, 70% for commercial vehicles, and 80% for two and three-wheelers by 2030 for the automobile industry India’s transition to electric mobility will be faster as automobile companies are making big-ticket Investments in the development of infrastructure to facilitate electric vehicle penetration in the country, according to industry experts. The Union Government has a target of 30 per...
More »Global target for pesticide reduction unnecessary: India’s environment minister
-PTI/Siasat.com Currently, more than 40 per cent of India's total workforce is employed in agriculture, according to the World Bank data released till 2019. Montreal: A numerical global target for pesticide reduction in the agriculture sector is unnecessary and must be left for countries to decide, India has said at the UN biodiversity conference here in Canada. Speaking during a high-level segment of the 15th Conference of Parties (COP15) to the Convention on...
More »India’s coal production to surpass a billion tonnes by 2025: IEA annual report
-Down to Earth Russian invasion of Ukraine sharply altered the dynamics of coal trade, prices, supply and demand patterns India, along with China, is the world’s largest coal producer, consumer and importer. Its own coal production will surpass a billion tonnes by 2025, the annual report of the International Energy Agency (IEA), predicted December 16, 2022. Also, India’s coal consumption has doubled since 2007 at an annual growth rate of 6 per cent....
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