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Heatwaves in India could soon break human survivability limit, says World Bank analysis -Nandita Banerji

-Down to Earth Poor, marginalised to be worst hit; Economic productivity to be jeopardised too A new report by the World Bank suggests India could soon become one of the first places in the world to experience heatwaves that break the human survivability limit. Climate Investment Opportunities in India’s Cooling Sector said the country is experiencing higher temperatures that arrive earlier and stay far longer. India has witnessed a concurrent increase in meteorological...

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‘Paltry’ insurance payouts irks rain-affected farmers, Centre denies claims -Zia Haq

-Hindustan Times Farm-insurance claims have risen due to extensive crop damage caused by extreme weather conditions this year, but some farmers are angry at being given a pittance as compensation under the Pradhan Mantri Fasal Bima Yojana. Krushna Raut, a farmer in Maharashtra’s Parbhani district, stared in disbelief at a message on his mobile phone, which showed ₹1.76 had been transferred to his bank account towards his crop-insurance claim. He first thought...

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World Bank ups growth for this fiscal to 6.9 per cent

-The Telegraph This is the first upgrade of India’s growth forecast by any international agency amid global turmoil India’s economy is expected to grow 6.9 per cent in the current fiscal year, the World Bank said in a report on Tuesday, citing tightening monetary policy and high commodity prices as factors impacting the country’s growth. The Bank had trimmed its growth forecast for India to 6.5 per cent in early October from a...

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Fertiliser subsidy bill in FY'23 seen at Rs 2.3-2.5 lakh cr; may fall 25pc in FY'24: FAI

-Moneycontrol.com The fertiliser subsidy stood at Rs 1.62 lakh crore in the previous financial year. The government's fertiliser subsidy will rise to Rs 2.3-2.5 lakh crore in this fiscal but the bill may fall by 25 per cent in the 2023-24 financial year with moderation in global prices, according to industry body FAI. Fertilisers Association of India (FAI) expressed concern that the fixed cost of urea has not been increased affecting the viability...

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Supreme Court asks Centre what steps it has taken to ensure every migrant labourer gets food -Kanu Sarda

-India Today  ‘It is the duty of the Central government to ensure food grains under the NFSA reach the last man. We are not saying that the Centre is not doing anything,’ the bench said. The Supreme Court on Tuesday asked the Centre to clarify what steps it had taken so far to ensure that every migrant labourer in this country gets food. A bench led by Justice MR Shah told Additional Solicitor...

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