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Core sector growth hits 14-month low of 3.8% in Dec due to high base
Only fertilisers and cement sectors see acceleration in output
Retail inflation for industrial workers eases marginally to 4.91% in Dec
Retail inflation for industrial workers eased marginally to 4.91 per cent in December from 4.98 per cent in November 2023, mainly due to lower prices of certain food items.
"Food inflation stood at 8.18 per cent (in December 2023) against 7.95 per cent of the previous month (November 2023) and 4.10 per cent during the corresponding month (of December 2022) a year ago," a labour ministry statement said.
According to the statement, the year-on-year inflation for the month (December 2023) stood at 4.91 per cent compared to 4.98 per cent in the previous month (November 2023) and 5.50 per cent (December 2022) in the year-ago period.
The All-India Consumer Price Index for Industrial Workers (CPI-IW) for December 2023 decreased by 0.3 points and stood at 138.8 points. It was 139.1 in November last year.
On one-month percentage change, it decreased by 0.22 per cent with respect to the previous month compared to a contraction of 0.15 per cent a year ago.
The maximum downward pressure in th
Regular wage employment for general category people worst in 5 years: PLFS
Decline in regular wage employment in general category led to an increase in self-employment and casual work
At Rs 9.82 trillion, April-Dec fiscal deficit 55% of govt's annual target
The fiscal deficit was marginally lower at Rs 9.9 trillion, recorded during the corresponding period last year. It was 59.8 per cent of the full-year target
April-Dec fiscal deficit at Rs 9.82 trn, 55% of annual target: Govt
Total expenditure during the period was 30.54 trillion rupees, or about 68% of the annual goal, compared with 28.18 trillion rupees in the same period last year
India, Iran discuss development of cooperation between two countries
Both South Asia and the Persian Gulf have strong commercial, energy, cultural and people-to-people links, the MEA said
Govt appoints 3 full-time, 1 part-time member of 16th Finance Commission
The Finance Commission is a constitutionally mandated body established once every 5 yrs to devise a formula for distributing net tax proceeds between the Centre and the states
Centre releases advisories, surveys to boost female workforce participation
Key recommendations from the central government's advisories include promoting women in leadership and management roles, crafting gender-neutral job advertisements, among others
Odisha govt's anti-tribal schemes only to woo adivasis ahead of polls: BJP
Terming the ruling BJD in Odisha as anti-tribal, opposition BJP alleged that the state government rolled out special packages for tribals only to woo them ahead of the Lok Sabha polls and the assembly elections.
The BJD's programmes for adivasis are a poll gimmick to mislead the one-crore tribal population in the state, Opposition chief whip Mohan Charan Majhi told reporters here on Tuesday.
They were actually planning to grab tribal land for corporate houses by amending the Odisha Scheduled Areas Transfer of Immovable Property (by Scheduled Tribes) Regulation. However, the government failed in its bid in the wake of strong protests from different quarters, Majhi claimed.
The Odisha Cabinet on Monday withdrew its earlier decision on tribal land transfer to non-tribals.
The BJP leader also mocked the cabinet's approval of a new scheme Laghu Bana Jatiya Drabya Kraya (LABHA) to assure minimum support prices for minor forest produces.
With the elections approaching, the state govern
China's factory activity shrinks again in January, demand still weak
The composite PMI, which includes manufacturing and services, was at a four-month high of 50.9 in January compared with 50.3 the previous month
IMF sees heightening prospects for soft landing in Asian economies
With inflationary pressures "receding rapidly," prospects for a soft landing were improving in Asia, he said
World on cusp of last big refining boom as India starts capacity expansion
Expansions in the West are non-existent," said Giovanni Serio, Vitol Group's head of research
Govt appoints members for new finance panel to recommend on federal taxes
The panel will submit its report by Oct. 31, 2025 covering a period of five years commencing on April 1, 2026
Conflict in West Asia remains growing risk for energy markets: J P Morgan
Recent attacks on vessels in the Red Sea by Iranian-backed Houthi militants in Yemen have disrupted international commerce on the shortest shipping route between Europe and Asia
Six Indian markets offer counterfeit products, shows US report
For instance, Heera Panna market reportedly offers counterfeit watches, footwear, accessories, and cosmetics that may have health and safety risks
IMF raises India's GDP growth projection for FY25 by 20 bps to 6.5%
Reserve Bank of India Governor Shaktikanta Das in a speech delivered at Davos in the World Economic Forum earlier this month said he expects the GDP growth in India to touch 7 per cent in FY25
Priority sector credit target to be Rs 3.97 trn for K'taka in FY25: Nabard
NABARD has estimated a credit potential of Rs 3.97 lakh crore for priority sector lending in Karnataka during 2024-25, its Chief General Manager (CGM) T Ramesh said here on Tuesday.
Speaking during the State Credit Seminar for Karnataka at their Regional Office, the NABARD CGM said the estimated credit potential is 10.67 per cent higher than the previous years' credit projection.
Of the total, the share of agriculture sector including agri-infrastructure and ancillary activities is Rs.1.85 lakh crore (46 per cent), MSME sector is Rs.1.58 lakh crore (40 per cent) and other priority sector activities is Rs.0.54 lakh crore (14 per cent), a statement issued by NABARD quoted him as saying.
In the wake of severe drought situation, NABARD has been complementing the efforts of State government by extending financial support to the tune of Rs 990 crore for 119 irrigation projects and Rs 611 crore for drinking water projects under Rural Infrastructure Development Fund and has sanctioned Rs 29
New NPS partial withdrawal: Everything you need to know about pension rule
The Pension Fund Regulatory and Development Authority permits subscribers to make partial withdrawals from their saved pension money in the National Pension System for specific purposes
China threat an opportunity for India-US ties, strong FTA: Congressman Issa
The "threat" posed by China offers an opportunity for the US and India to make strong agreements, including a genuine Free Trade Agreement (FTA) to ensure that the two countries will look at each other as first partners, according to Darrell Issa, an influential American lawmaker.
Issa, a Republican Congressman from California, said this during a conversation with Aparna Pande, Research Fellow, India, and South Asia with the think tank Hudson Institute here on Monday.
Agreeing that the India-US relationship today does seem to be based in no small part on the China threat, he said, Having said that, I view this China threat as an opportunity to do with that we did not do.
The items produced in China could be produced in India, at substantially similar costs (and) would more than allow for India to substantially replace its dirty fuel with clean fuel, Issa said.
But that requires that the two countries really make strong agreements, including a genuine Free Trade Agreement (FTA), one
Customs to ease export norms for certain dual-use goods, says DGFT
The government is working to liberalise export norms for certain products which have dual-use like chemicals for companies that have proven track record, a senior official said on Tuesday.
Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that dual-use goods and technologies are sensitive and if it goes in the wrong hands of non-state actors, it can cause serious disruptions globally.
A small group of rebels in Yemen have disrupted the global trade as they are attacking foreign commercial ships with drones and missiles.
"We are working with the industry, with the ministry of external affairs, and with the customs to ensure that a whole lot of sectors are liberalised for those companies which have proven track record of responsible use and responsible exports," Sranagi said here at the 'National Conference on Strategic Trade Controls'.
It was organised by the DGFT and the external affairs ministry here.
Dual use implies the usage of these goods and technologies in