Ahead of the Union Budget for 2023-24, Budget makers have welcomed the global consensus view that India will remain one of the bright spots in calendar year 2023. But there is some alarm over the grim global situation and how that might impact the Centre's projections and assessments for next financial year. The big global headwinds include a deep and sustained recession in the West, including India's biggest trading partners in North America and Europe, continuing volatility in commodity markets, and renewed Covid-19 fears, as lifting of strict curbs by China could potentially lead to a massive spread again.
India's manufacturing sector activity was largely flat in April, as rates of growth for new orders and output eased to eight-month lows amid the intensification of the COVID-19 crisis, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) was at 55.5 in April, little changed from March's reading of 55.4. In PMI parlance, a print above 50 means expansion while a score below 50 denotes contraction.
Over 21 per cent of the population, aged 10 years and above, showed evidence of past exposure to COVID-19 in the Indian Council of Medical Research's latest national serosurvey, the government said on Thursday, noting that a large proportion of people are still vulnerable to the infection.
11 states were assessed for access to clean water, energy and sanitation and use of iodised salt.
The Tamil Nadu government on Sunday said it was mandatory for people coming from Kerala, to the state to carry a negative RT-PCR test report or vaccination certificate of two COVID doses from August 5, in the wake of a spike in infections in the neighbouring state.
Kids mostly have mild illnesses and recover with just symptomatic treatment.
One in 15 individuals aged 10 years and above were estimated to be exposed to SARS- CoV2 by August 2020, ICMR's 2nd sero-survey said.
The country's manufacturing sector activity recorded another sharp deterioration in business conditions during May as new orders placed with producers continued to fall after April's record contraction, leading firms to cut jobs at the quickest pace on record, a monthly survey said on Monday.
Taking away free healthcare facilities, as recommended by the Aayog, would place a huge burden on the people, especially in rural areas, says Devanik Saha.
Bhagwat also expressed concern over Bitcoin and OTT platforms and asked the government to take efforts to regulate these things.
"The issue is not whether India is first or third or fourth, the issue is that this perception should be taken seriously to set our house in order".
Over 51% per cent of users feel they will probably continue virtual dating even after they will be able to meet up safely.
Vardhan said the ICMR is actively researching on reports of COVID-19 reinfection and although the number of such cases is negligible at this moment, the government is fully seized of the importance of the matter, the health ministry said in a statement.
The most common symptoms were fatigue, post-exertional malaise -- worsening of symptoms after physical or mental exertion -- and cognitive dysfunction, often called brain fog.
A circular-cum-advisory issued by the state Directorate of Health Services last week said the second wave of the pandemic is likely in January-February, and asked officials concerned to ramp up COVID-19 testing in the state.
78 per cent moms who participated in the survey were worried about their kids getting sick amid the lockdown
Injury due to self-cleaning of ears with Q-tips or sharp objects like pencils, pins, forceps also contribute to hearing loss, warns Dr Aditi Sinha.
Apart from 87 per cent people in urban areas of India, most people in Australia (84 per cent), Canada (81 per cent), Germany (75 per cent) and Italy (61 per cent) were of the view that their government handled COVID-19 crisis well, according to the survey.
"Excess deaths" captures not only confirmed deaths, but also COVID-19 deaths that were not correctly diagnosed and reported as well as deaths attributable to the overall crisis conditions.
Government think tank Niti Aayog has suggested 100 per cent income tax exemption for donations and provision of working capital loans with lower interest rates for not-for-profit hospitals to strengthen healthcare services in India. In a report titled 'Not-for-Profit Hospital Model in India', the Aayog also pitched for involving high performing hospitals in public private partnership (PPP) models for managing primary health care (PHCs), operations of government facilities and PSU hospitals. "Income-tax exemption could be increased from the current 50 per cent exemption to 100 per cent exemption for philanthropy toward the identified not-for-profit hospitals.
The much-awaited festive season is unlikely to bring any cheers to the travel industry, including the airline sector, as less than 20 per cent of people polled plan to travel during October-November amid the pandemic, a survey said.
This will facilitate availability of at least 2,400 more beds for patients in the city, the BMC said.
"Coming festivals (Chhat, Puja, Dussehra, Deepavali, Id, Xmas, New year) pose a huge challenge in the pandemic control. It has been seen that Onam in Kerala and Ganesh Chaturthi in Maharashtra escalated the pandemic seriously. This must not be allowed to happen in Delhi," the report stated.
The Survey noted that while women account for almost half of India's population, their participation in labour market is almost one-third and has been declining.
For the first time in seven years, respondents expressing dissatisfaction with the Modi government's performance outnumbered those satisfied with it.
Seropositivity was the highest in the age group of 18-45 years (43.3 per cent), followed by those between 46-60 years (39.5 per cent) and it was the lowest among those aged above 60 (17.2 per cent).
IndusInd Bank was the top gainer in the Sensex pack, rising nearly 6 per cent, followed by Axis Bank, SBI, Maruti, Tech Mahindra and Reliance Industries. NSE Nifty surged 183.70 points to close at 17,166.90.
Global forecasting firm Oxford Economics on Monday revised downwards its India GDP growth forecast for 2021 to 10.2 per cent from 11.8 per cent previously, citing the country's escalating health burden, faltering vaccination rate and lack of a convincing government strategy to contain the pandemic. Oxford Economics also said that notwithstanding the likelihood of further mobility restrictions, it expects India's targeted lockdown approach, less stringent restrictions, and resilient consumer and business behaviour to mitigate the economic impact of the second wave.
A private member resolution seeking that the government implement the recommendations of the Sachar Committee report and other reports that have discussed the educational and social backwardness of Muslims and enact a legislation for the prevention of atrocities against minorities was moved in the Rajya Sabha on Friday.
ICMR's serological survey, whose findings will be made public next week, suggests that the rate of contagion may be a lot higher in most-affected cities such as Delhi, Mumbai, and Pune.
India's services sector activities contracted further in June as the intensification of the COVID-19 crisis and reintroduction of containment measures restricted demand, a monthly survey said on Monday. The seasonally adjusted India Services Business Activity Index fell from 46.4 in May to 41.2 in June, as new work intakes and output contracted at the fastest rates since July 2020, which prompted companies to reduce employment again. Subdued demand conditions resulted in a second successive monthly drop in new business received by services firms.
Notwithstanding the COVID-19 second wave hitting the nation hard, Indian organisations have displayed resilience, and the salary increment is being projected to grow from an average of 8.8 per cent this year to an estimated average of 9.4 per cent in 2022, according to a survey. According to the Aon's 26th Annual Salary Increase Survey released on Tuesday, most businesses have an optimistic view going into 2022, with 98.9 per cent of companies intend to give salary increases in 2022, as compared to 97.5 per cent companies in 2021. There is positive sentiment across most sectors, and India Inc is firmly on the path to recovery, with most firms projecting salary hikes back to FY 2019 levels by FY 2022.
The couple have requested a special wedding gift from their guests.
The 42-year-old British Indian politician acknowledges "playing catch-up" to Liz Truss in the race as he continues his campaign tour of the UK to win over Conservative Party members' votes.
'When people feel they are trusted, they invariably do their best, both as individuals and as a collective team.'
In recent years, the twin demands of both religion and defence have been added to the development argument to sweep aside environmental and terrain considerations while undertaking infrastructure development in the Himalayan zone, points out former foreign secretary Shyam Saran.
It's mostly because we want to avoid being judged.
"Any lingering concern that India's manufacturing recovery was tailing off should be put off. A second consecutive rise in PMI has taken the series to a new cycle high consistent on double digit rise in industrial production," said Robert Prior Wandesforde, senior asian economist, HSBC.
Prime Minister Narendra Modi on Wednesday asked states to make full use of the expanded COVID-19 testing capacity and saving lives a top priority as India recorded the highest ever spike of 2,003 coronavirus deaths after Maharashtra and Delhi added earlier fatalities not attributed to the disease.
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