CNBC-TV18 The Supreme Court rejected the Centre's curative plea for enhanced compensation for the victims of the 1984 Bhopal Gas tragedy from US-based firm Union Carbide Corporation (UCC). The court rather asked the government to utilise a sum of Rs 50 crore lying with the Reserve Bank of India (RBI) to satisfy pending claims of victims. The government had sought an additional Rs 7,844 crore from the UCC successor firms to extend...
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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...
More »9 of World's 10 most air-polluted cities in South Asia, deadly air causes 2 million premature deaths - World Bank
Urgent action needed to curb deadly air pollution in South Asia A new report by the World Bank states that Nine out of the world’s 10 cities with the worst air pollution are in South Asia. Ambient air pollution is a public health crisis for South Asia, not only imposing high economic costs but also causing an estimated 2 million premature deaths each year. The health impacts of air pollution range...
More »Limited Room for Public Spending - Santosh Mehrotra
- Financial Express The Union Government will present its ninth and last full budget before national elections in early 2024. But none of the growth engines inspire optimism, Santosh Mehrotra writes in Financial Express. Nearly 60 percent of India's GDP is accounted for by private onsumption expenditure. However, since demonetisation consumer expenditure has been tepid as job growth fell sharply. Per capita consumption in 2022-23 is just above the level of 2019-20. Private...
More »The rise of rural manufacturing -M Suresh Babu
-The Hindu A steady stream of investments in rural locations over the last two decades has ensured that 42% of factories and 62% of fixed capital is in the rural side There is growing evidence to suggest that the most conspicuous trend in the manufacturing sector in India has been a shift of manufacturing activity and employment from bigger cities to smaller towns and rural areas. This ‘urban-rural manufacturing shift’ has often...
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