'If because of El Nino, the monsoon is affected adversely in the current year, naturally it will affect income projections and consequently Budget numbers.'
Extreme weather events and disasters have been on the rise in the region.
The state's revenue receipts might not afford various freebies announced by the parties, unless revenue deficit and hence fiscal deficit is widened.
The IMD defines a normal monsoon as one which delivers between 96 and 104 per cent of the 50-year average rainfall for the season.
India stands to lose more working hours to extreme heat than the rest of the world, in addition to the humanitarian cost of extreme heat events.
According to Rajeev Jayadevan, co-chairman, national Indian Medical Association Covid Task Force, the current scenario qualifies as a wave.
'We should look at is full year's growth rather than quarter numbers.'
It would be a difficult task for the Indian economy to reach the $5-trillion mark a year before the International Monetary Fund (IMF) projection of 2026-27. Pankaj Chaudhary, minister of state for finance, said in the Rajya Sabha on Tuesday that the government is taking steps to make the country a $5-trillion economy at a date earlier than the IMF's projection. In that context, it would not be difficult to meet the projection in the third quarter of FY27.
The unemployment rate is higher among urban women as was the case before the pandemic.
26 tigers have already died this year.
According to the latest Budget papers, the staff strength of central ministries and departments is estimated to rise by 276,796 to 3.44 million at the end of FY23, it would be up by 109,266 to 3.55 million in March 2024.
Though it still has only a single-digit share in total electricity production, India has been looking to tap nuclear power faster.
'Government's focus should be on the expenditure side in this Budget, not so much on the taxation side.'
Of $90 billion remittances that India is expected to receive in 2022, only $27.4 billion has come in the first half of the year.
Although India's share in the world toy trade has marginally improved, it still lags behind China's. Toys are not China's main item of export, but about two-thirds of the toys sold globally are from China. The world exported toys worth $73.2 billion in 2021: China accounted for 66.2 per cent, or $48.5 billion of that, out of which mainland China made up $46.1 billion and Hong Kong $2.4 billion.
Some of India's largest companies have seen a slowdown in the growth of temporary, contract and casual jobs, as compared to the increase in their total workforce. The absolute number of such jobs is up 30 per cent between financial year 2017-18 and 2021-22 (FY18-22), shows an analysis of data collated from the annual reports of S&P BSE 100 companies. Forty-eight firms were considered for the final analysis based on the availability of uniform data across the last five years. In comparison, the total workforce numbers are up 36 per cent in the same period.
Between 1990 and 2019, Alzheimer's-related deaths increased almost five times, data available on the Global Burden of Disease has found.
If that happens, India's economic size will be just shy of $20 trillion and its annual per capita income will be about $10,000, when the country celebrates its centenary of independence.
After a dip in 2020, the number of economic offences rose 19.4 per cent to 174,013 cases in 2021, according to the Crime in India report by the National Crime Records Bureau. The data shows that there was a marginal dip in the pendency of cases in 2021 at 96.6 per cent compared with 96.8 per cent in 2020, but this was still three percentage points higher than 93.6 per cent recorded in 2019. Economic offences include all offences of criminal breach of trust, counterfeiting, forgery, cheating, and fraud.
Various indicators make it amply clear that there are grave challenges facing the new government of Chief Minister Nitish Kumar, reports Indivjal Dhasmana.
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