Wholesale price-based inflation rate declined by (-) 3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation rate has been in the negative territory for the second straight month. In April it was (-) 0.92 per cent. In May, 2022 WPI inflation was at 16.63 per cent. The May, 2023 data print of (-) 3.48 per cent...
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Why an El Nino in 2023 is Bad News for India - Deekshita Baruah
Carbon Copy The India Meteorological Department (IMD) this week delivered its first long-range forecast for this year’s monsoon. In terms of total rainfall observed over the season, the IMD expects this year’s monsoon to bring 96% of the Long Period Average (with a modelling error of +/-5%). The forecast, if it materialises, places monsoon performance within the “normal” range, albeit narrowly.&NBSp; Despite the normal forecast, mid-way into summer 2023, India is jittery....
More »Unemployment Rate Declines to 6.8% in Jan-Mar Quarter According to PLFS
The Periodic Labour Force Survey for the January-March quarter of 2023 has revealed that the all India unempolyment rate has declined to 6.8 percent from 8.2 percent in the same quarter a year ago. The unemployment rate for males stood at 6 percent in Jan-Mar 23 (from 7.7 percent a year ago) and for females the rate was 9.2 percent (from 10.1 percent). The report was released yesterday by the...
More »Significant growth in MGNREGS employment in April 2023 - Natasha Somayya K
Centre for Monitoring Indian Economy Employment generation under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) increased by a handsome 28.8 per cent to 277.5 million person days in April 2023. This growth was higher than the 5.6 per cent increase recorded in the previous month. Employment generated under MGNREGS increased substantially by close to 62.1 million person days in April, compared to 11.4 million person days that were generated...
More »Where are India’s schooling systems lagging behind? - Sanjay Kaul
Scroll.in Though the Right of Children to Free and Compulsory Education Act, 2009 (RTE Act) has refocussed attention on school education in recent years, some fundamental problems continue to plague the system. Despite the constitutional and legal obligations of governments, education budgets have remained modest and woefully inadequate to requirements. While there has been a reasonable expansion of coverage and enrolment in schools, the fundamental issue of poor learning outcomes, especially...
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