-The Hindu The RBI has estimated a 7.1% inflation rate for the July to September quarter India’s retail inflation touched 7% in August, up from 6.71% in July, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial production growth in July had dropped to the lowest level since April at just 2.4%, with output levels dropping 2.75% month-on-month. This is the eighth successive month that retail inflation...
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50 million people worldwide in modern slavery
-Press release by International Labour Organisation dated 12 September, 2022 Latest estimates show that forced labour and forced marriage have increased significantly in the last five years, according to the International Labour Organization, Walk Free and the International Organization for Migration. GENEVA (ILO News): Fifty million people were living in modern slavery in 2021, according to the latest Global Estimates of Modern Slavery. Of these people, 28 million were in forced labour...
More »Jobs revival
-The Hindu Business Line The latest PLFS report shows that urban India has recouped jobs lost during Covid, but there are some structural shifts As Covid wanes, India’s high-frequency indicators suggest that economic activity is normalising quickly, with high-contact services such as trade, hospitality and travel being the latest to revive. NSO’s latest Periodic Labour Force Survey (PLFS) for the April-June quarter of 2022 shows that the growth revival is reflecting in...
More »Was ethanol the reason for the ban on broken rice exports -Raju Sajwan and Shagun
-Down to Earth A look at official data shows that the allocation of Food Corporation of India rice for ethanol was drastically increased in 2021-22, as compared to 2020-21. But the government has now put restrictions due to low production The Narendra Modi government imposed restrictions on the export of broken rice September 8, 2022. A number of theories are doing the rounds as to why the government did this, including a...
More »Inflation in basic commodities higher in rural areas than urban: Consumer Price Index -Himanshu Nitnaware
-Down to Earth Among states, West Bengal had the highest inflation at 10.29% The All India Consumer Price Index (CPI) for the month of August 2022, released by the National Statistical Office September 12, was found to be higher for rural areas than urban ones. The CPI in rural areas — 7.15 per cent — was higher compared to 6.72 per cent in urban markets. The Consumer Food Price Index (CFPI) for rural...
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