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Govt will work to further bring down inflation: Nirmala Sitharaman in Lok Sabha

-PTI/ The Telegraph Experts say a high base of last year and some easing in food prices also worked in favour of the November 2022 wholesale price index The wholesale price-based inflation fell to a 21-month low of 5.85 per cent in November as prices of food, fuel and manufactured items softened. The WPI (wholesale price index) based inflation has been on a declining trend since May and came down to single digit...

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India’s Manufacturing Growth Slowdown a Decadal Problem -Deepanshu Mohan

-TheWire.in In India’s growth trajectory, for over a decade, domestic private investment levels have remained consistently low and so has (domestic) manufacturing growth.  As per recent quarterly estimates, India’s growth rate slowed to 6.3% in the September quarter of 2022-23. There is evidence of a notable contraction in output of manufacturing that’s pulling down growth. This author has previously argued that quarterly growth estimates may not reveal the real state of an economy....

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Big industries don’t observe uniform labour standards in India: Bharatiya Mazdoor Sangh at ILO meet -AM Jigeesh

-The Hindu BMS chief Hiranmay Pandya said workers face low wages, lack of job security and social security benefits, and had to suffer poor working conditions this year On the second day of the Asia Pacific Regional Meeting of the International Labour Organisation (APRM of ILO), representatives of workers and employers from India on Wednesday highlighted the employment situation in the country. While employers hailed the Union government’s steps to “help” workers...

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India's fabric -Sumit Roy and Murli Dhar

-The Telegraph Demand for sustainable or organic cotton on the rise, providing an opportunity for the country to excel A few years ago, images of the drying up of the eastern bed of the Aral Sea had shocked millions. It was linked to the widespread growing of unsustainable cotton, backed by the Uzbekistan government, to pocket greater forex earnings and satiate the demands of the global fashion industry. The demand for sustainable...

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Work Demand under MGNREGS at 4-month high, FY23 funds almost exhausted -Raghav Aggarwal

-Business Standard The budgetary allocation for MGNREGS has already been exhausted, if pending liabilities for the financial year are included Demand for work under India’s biggest anti-poverty scheme increased to a four-month high in November, government data showed as budgetary support for it is almost exhausted this financial year. More than 22.5 million people applied for work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in November, the highest since August....

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