There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...

-Hindustan Times The Centre and the TOP court have exchanged several sharp comments on the collegium system. The Supreme Court on Thursday yet again pulled up the Centre over delays in judges' appointments as it stressed that the government must follow the collegium system, which is the law of the land. The court asked Attorney General R Venkataramani to advise Union Ministers to exercise control over their public criticism of the collegium...

-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...

-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....

-IndiaToday.in A report by the World Bank has stated that heat waves in India could break the human survivability limit in the coming years. India could experience intense heat waves that could break the human survivability limit, according to a World Bank report. The country has recorded several deaths due to intense heat waves over the last couple of decades. The World Bank report titled "Climate Investment Opportunities in India's Cooling Sector" said...