There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...

-The Hindu/ PTI It is the steepest contraction in the last six months The output of eight core sectors declined by 4.6% in February, the steepest contraction in the last six months, which, experts said, could drag the overall industrial production in the month into the negative territory. All the key segments, including coal, crude oil, natural gas, and refinery products, witnessed a decline in production, according to the official data released on...

-The Indian Express Thermal plants shut down, leading to power cuts, raw material supply cut off to industry, movement of food grains hit Chandigarh: SUSPENSION OF railway traffic to Punjab since September 24 amid the farmers’ agitation against the Centre’s farm laws has left the state gasping for power, fertilisers and raw material for industry and gunny bags for paddy procurement, besides bringing to a halt the movement of food grains and...

Nearly 24 fatal accidents and 47 serious accidents have happened in various coal mines of the country during this year till 31st August. Likewise, 18 fatal accidents and 13 serious accidents have taken place in non-coal mines during the same time period. The accident figures are low this year in comparison to the previous ones thanks to a lower demand for output from these mines against the backdrop of COVID-19...

-The Hindu As output and demand slow, India must retain twin focus on the pandemic and economy Output in the eight core industries suffered an overall contraction for a third straight month in May, shrinking 23.4%, as the pandemic-induced lockdown kept large parts of the economy shuttered, the Commerce Ministry’s provisional figures show. Of the eight, all but one posted declines in production compared with a year earlier, with six sectors witnessing...