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FMCG growth slows in Oct-Dec Quarter - Sharleen D'Souza

- Business Standard India’s fast-moving consumer goods (FMCG) sector grew at a slower pace of 7.6 per cent, in the October-December 2022 quarter, compared to the previous quarter as well as October-December 2021, Business Standard reported, citing data from market research firm NielsenIQ. Price growth has tapered and volumed remain weak. Price growth during the quarter was 7.9 per cent, lower than 9.9 per cent in the previous quarter. FMCG firms were...

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PM Awas Yojana in Uttar Pradesh likely to reach saturation point by 2024 - Vatsala Gaur

Economic Times The significant increase in budgetary outlay for the PM Awas Yojana is expected to enable Uttar Pradesh to provide houses to all remaining rural beneficiaries of the scheme in the upcoming financial year leading to the PMAY(Rural) quota in the state being filled completely ("saturated") by 2024, when the general elections will be held. Allocation for PMAY saw a 66% increase to Rs. 79,000 crore in the Union budget tabled...

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India's wheat output may set new record of over 112 lakh tonnes in 2022-23 - PTI/Economic Times

The country's wheat production is likely to set a new record of more than 112 million tonnes in the 2022-23 crop year (July-June), government officials told Press Trust of India. Wheat production had declined to 106.84 million tonnes due to heat wave in key growing states in the 2021-22 crop year, as per agriculture ministry data. In 2020-21, the country had achieved a record wheat output of 109.59 million tonnes....

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The Centre has not paid MGNREGA wages in Bengal for a year - Nachiket Deuskar

- Scroll.in The right to work has been suspended in the state as a result of a political battle over upcoming elections. People working under the Mahatma Gandhi National Rural Employment Guarantee Act in West Bengal have not been paid their wages for more than a year now with the Union government stopping the payment of funds. Bengal is the only state impacted by this stoppage, Scroll.in reports. MGNREGA is a national...

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Fall in India nominal GDP growth in FY24 to challenge fiscal math - Ira Dugal

Reuters India's nominal GDP growth is likely to fall in FY 2023-24, hurting tax collections and putting pressure on the federal government to reduce the budget gap by cutting expenses ahead of national elections in 2024. Nominal GDP growth, which includes inflation, is the benchmark used to estimate tax collections in the upcoming budget to be presented on Feb. 1. It is estimated to be around 15.4% for the current financial year....

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