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...
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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...
More »Fact check: Union minister’s claim of 15-16 lakh jobs being created every month is inaccurate -Divyani Dubey & Nidhi Jacob
-Scroll.in Ashwini Vaishnaw based his remarks on EPFO data, which experts say does not present a true picture since a bulk of the employment in the country is informal. Union Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw on November 24 used the Employees’ Provident Fund Organisation, or EPFO, payroll statistics to claim that an Average of about 15-16 lakh jobs are being generated by the Union government every month....
More »IMD forecasts warm winter, crop yields likely to feel the heat this year -Sanjeeb Mukherjee
-Business Standard Both the minimum and maximum will remain below normal in Southern Peninsular and Central India in these winter months. Brace for some warmth this winter as the India Meteorological Department (IMD) in its December-February forecast on Thursday said that the minimum and maximum temperatures could remain ‘normal’ to ‘above normal’ over most parts of Northwest and Northeast India. Both the minimum and maximum will remain below normal in Southern Peninsular and...
More »Data shows maternal mortality rate in West Bengal rise above national Average -Subhajoy Roy
-The Telegraph CM Mamata Banerjee had lambasted health officials for the increasing trend of referring patients, even pregnant women, to hospitals in Kolkata West Bengal’s maternal mortality ratio is above 100 per 100,000 live births, compared with the national Average of 97, according to the latest figures (2018-20) published by the Registrar General of India on Tuesday. The state’s maternal mortality ratio had dropped to 94 and 98 in the 2015-17 and 2016-18...
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