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Four key climate change indicators break records in 2021: WMO

-Press release by World Meteorological Organization (WMO) dated 18 May 2022 Geneva, 18 May 2022 (WMO): Four key climate change indicators – greenhouse gas concentrations, sea level rise, ocean heat and ocean acidification – set new records in 2021. This is yet another clear sign that human activities are causing planetary scale changes on land, in the ocean, and in the atmosphere, with harmful and long-lasting ramifications for sustainable development and...

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Vegetable prices shoot up in Delhi-NCR; lemon rates past Rs 300/kg

-BusinessToday.in Vegetable vendors say their sales have dwindled and profits have shrunk because of the increased transportation cost and the subsequent hike in the buying price. Vegetable prices have skyrocketed in Delhi and adjoining areas owing to an increase in the transportation costs due to the hike in fuel prices.  Vegetable vendors say their sales have dwindled and profits have shrunk because of the increased transportation cost and the subsequent hike in the...

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Real wage rates of the rural workers hardly increased during the last 6 years

In the absence of income or expenditure-based headcount ratio, the growth in the real wages (i.e., nominal wages adjusted against retail inflation) of the manual workers is considered to be a good proxy to assess the trends in poverty. This is because the manual, unskilled/ semi-skilled labourers exist at the bottom of the pyramid or economic hierarchy, and most of them belong to the social categories Scheduled Castes (SCs) and...

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Unravelling the Capex Push -CP Chandrasekhar and Jayati Ghosh

-Macroscan.org/ The Hindu Business Line The centre-pieces of the 2021-22 budget and the projected budget for 2022-23 fiscal years is the claim by the Finance Minister to have increased capital expenditure sharply in order to strengthen infrastructure in seven areas (Roads, Railways, Airports, Ports, Mass Transport, Waterways, and Logistics Infrastructure). Please click here to access.  * This article was originally published in the Business Line on February 7, 2022. ...

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The recent QES estimates are unreliable -R Nagaraj and Radhicka Kapoor

-The Hindu The analysis is fraught with caveats and the interpretation of the survey results calls for caution Last week, the Ministry of Labour and Employment released the results of a new Quarterly Employment Survey (QES) for April-June 2021 for the organised (formal) sector. It represents establishments (or units) employing ten or more workers. The surveyed sectors were manufacturing, construction, trade, transport, education, health, accommodation and restaurant, Information Technology/Business Process Outsourcing (IT/BPO),...

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