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Russia’s war in Ukraine is crushing Sri Lanka’s $81 billion economy -Anusha Ondaatjie

-ThePrint.in Hit by soaring oil import costs and a dip in tourism revenue, Sri Lanka is racing to avert a default amid dwindling forex holdings. Colombo: Russia’s war in Ukraine, which has caused a humanitarian crisis and convulsed global financial markets, is now threatening to crush an $81 billion economy more than 4,000 miles away in the Indian Ocean. Hit by soaring oil import costs and a dip in tourism revenue, Sri Lanka...

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Retail inflation rises to eight-month high at 6.07 per cent

-The Telegraph Analysts said inflationary management had become challenging now amid rising risks to Growth Retail inflation rose to an eight-month high of 6.07 per cent in February and remained above the RBI’s comfort level for the second month in a row. Wholesale price inflation  — the data was also released on Monday — remained in double digits at 13.11 per cent (February) for the 11th consecutive month. Analysts said inflationary management had become...

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Five State polls, their messages and implications -Seema Chishti

-The Hindu Countering the idea of Hindu nationalism will require much more than smart electioneering or tactical plays  State elections should never be confused with sporting nomenclature of ‘semi-final’, but in all significant State elections, it is imperative that we draw clear lessons. What must leave the Bharatiya Janata Party (BJP) chuffed is that the elections from disparate States around India have resulted in its bettering its performance — and by a...

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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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India used more coal power in 2021 than 2020, which could delay its climate goals: IEA -Rohini Krishnamurthy

-Down to Earth China and India might be some of the countries where the green transition may also be slowed down because Russia would shift their energy exports to them, experts say India used 13 per cent more coal to generate electricity in 2021 than the previous year, given the COVID-19 pandemic, according to a recent analysis from the International Energy Agency (IEA). This figure is going to increase in the future,...

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