Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, declined by 11 per cent in 2022 to 3.42 billion Swiss francs (nearly Rs 30,000 crore), annual data from Switzerland's central bank showed on Thursday.
India's industrial production slipped to an 18-month low, contracting by 0.8 per cent in August, mainly due to a decline in output of the manufacturing and mining sectors, according to official data released on Wednesday. The data showed that the previous low in industrial output growth was a contraction of 3.2 per cent in February 2021. Factory output, measured in terms of the Index of Industrial Production (IIP), had expanded by 13 per cent in August 2021. The IIP grew by 2.2 per cent in July this year.
If Saudi Arabia, with just two Muslim holy sites of Mecca and Medina, can create a huge tourism-based ecosystem beyond oil, Ayodhya is sure to become the world's hottest religious tourism site in less than a decade, predicts R Jagannathan.
India's industrial production growth decelerated to a four-month low of 2.4 per cent in July, mainly due to poor showing by manufacturing, power and mining sectors, according to official data released on Monday. The data showed that the previous low in industrial output growth was recorded at 2.2 per cent in March this year. IIP grew 6.7 per cent in April, 19.6 per cent in May and 12.7 per cent in June.
Economies of Punjab, Andhra Pradesh, Madhya Pradesh, Uttarakhand and Haryana may have grown at a slower pace than the national economy during 2022-2023.
With a 50 per cent increase in the last four years, Madhya Pradesh has the maximum number (785) of tigers in the country, followed by Karnataka (563), Uttarakhand (560), and Maharashtra (444), according to the data.
As India's diplomatic tensions with the Land of the Maple Leaf escalate, so do the anxieties of countless Punjabis.
India's industrial production grew in double digit for the second month in a row at 12.3 per cent in June mainly due to strong performance by manufacturing, power and mining sectors, according to official data released on Friday. However, the data showed that the industrial output growth is lower than 19.6 per cent recorded in May this year. It was 6.7 per cent in April.
A prominent Hindu temple in Canada's Ontario province has been vandalised by unknown people with "anti-Hindu and anti-India graffiti", in what is described by the police as a "hate-motivated incident."
From the Sensex pack, Reliance Industries fell the most by 2 per cent. Tata Steel, Bajaj Finserv, ITC, NTPC, Bharti Airtel, Tech Mahindra, Titan, Axis Bank and Bajaj Finance were among the other major laggards.
As many as 386 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.7 lakh crore, as per a report. According to the ministry of statistics and programme implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,505 projects, 386 reported cost overruns and as many as 661 projects were delayed. "Total original cost of implementation of the 1505 projects was Rs 21,21,793.23 crore and their anticipated completion cost is likely to be Rs 25,92,537.79 crore, which reflects overall cost overruns of Rs 4,70,744.56 crore (22.19% of original cost)," the ministry's latest report for July 2022 said.
During the visit, the Prime Ministers will attend a community event in Sydney to celebrate Australia's dynamic and diverse Indian diaspora, "a core part of our multicultural community", the Australian government said in a statement.
If 4,000 workers could work round the clock for the construction of the new Parliament building, then there is no reason why all infrastructure projects too cannot follow that model, asserts Dr Sudhir Bisht.
Rising skills gap, falling exports, low productivity, rising debt and low foreign investment is jeopardising the target set for the textile and apparels sector
'I'm very much against petrol and diesel....'' 'I travel in an electric car.' 'I have had a really good experience with it.'
But the ISI chief did not retire giving the impression that he has won General Asim Munir's trust, notes Rana Banerji who headed the Pakistan desk at RA&W.
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According to the latest data, until May, 48.3 per cent of the total 207 projects worth Rs 1,000 crore (Rs 10 billion) or above, also termed as mega projects, faced delays and witnessed a cost overrun of 19.2 per cent from the originally-sanctioned Rs 656,000 to Rs 781,000.
China's population in 2022 -- 1.4118 billion -- fell by 850,000 from 2021, the National Bureau of Statistics (NBS) said.
The government on Tuesday termed as "misplaced" superstar Aamir Khan's comments on growing intolerance, saying such statements only bring disrepute to the country as well as Prime Minister Narendra Modi.
Factory production expanded by 1.3 per cent on an annual basis in January on account of better performance by mining and manufacturing sectors, though capital goods segment remained in contraction mode, as per government data released on Friday. The Index of Industrial Production (IIP) had contracted by 0.6 per cent in January 2021. The growth was 0.7 per cent in December 2021. As per the data released by the Ministry of Statistics and Programme Implementation, the growth in the mining sector was 2.8 per cent against a contraction of 2.4 per cent in January 2021.
The fourth wave of the Covid-19 pandemic in India may start around June 22 and peak from mid to late August, a modelling study by researchers at the Indian Institute of Technology-Kanpur suggests.
Trinamool Congress on Monday carried out a major organisational reshuffle in the party and inducted several new faces, including some ministers with thrust on toning up the party ahead of next year's crucial panchayat polls.
The home ministry has directed the Border Security Force to intensify vigil along the International Border in the wake of repeated attempts by terrorists to infiltrate into Jammu and Kashmir.
'India is respected by both Israel and Palestine.' 'India can push the international community for the peace process.'
In twin blows to Indian economic revival, higher food prices drove retail inflation to a five-month high of 7.4 per cent while factory output fell for the first time in 18 months. The second consecutive month of rise in consumer price index (CPI)-based inflation will add to the pressure on the Reserve Bank of India (RBI) to again raise interest rates to tame high prices. Inflation has been above the targeted zone for the ninth month in a row and as per statute, the RBI will now have to explain to the government in writing why it failed to keep prices below 6 per cent.
Factory production expanded by 1.7 per cent on an annual basis in February on account of improved performance by the mining and power generation sectors, as per government data released on Tuesday. The Index of Industrial Production (IIP) had contracted by 3.2 per cent in February 2021. The growth was 1.5 per cent in January 2022. As per the data released by the Ministry of Statistics and Programme Implementation, the growth in the mining sector was 4.5 per cent against a contraction of 4.4 per cent in February 2021.
The statistics ministry has proposed the new base year for GDP and IIP as 2017-18 while for CPI it will be 2018.
Despite the hope that lessons will be learnt, the next accident invariably shows that nothing has been learnt -- or if learnt, they have been ignored, observes Prosenjit Datta.
Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday said describing India's recovery as 'K-shaped' was wrong as both rural and urban economies were recovering, albeit at different paces. Speaking to reporters at the Finance Ministry, Nageswaran said the gross domestic product (GDP) growth print for the recent October-December quarter (Q3FY23) will likely be revised upwards. "The notion of using the letter 'K' to denote urban and rural is somewhat wrong because it is almost as if one is growing and one is contracting. "I would say one segment's slope is more positive, and the other one slope is less positive but it is positive," Nageswaran said.
Gujarat has done a little worse than the national average when it comes to achieving decline in the Total Fertility Rate and Maternal Mortality Rate, according to the Union health ministry.
'There are many people languishing in jail under these draconian laws, where it takes them 10 years, 15 years, to finally be acquitted.' 'And, who is going to account for those years?' 'The home ministry's statistics says that between 2016 and 2019, the conviction rate (under UAPA) is only 2 per cent and the use of UAPA has increased by more than 70 per cent.' 'There are many people languishing in jail under these draconian laws, where it takes them 10 years, 15 years, to finally be acquitted.'
'Who is going to account for those years?'
'The home ministry's statistics says that between 2016 and 2019, the conviction rate (under UAPA) is only 2 per cent and the use of UAPA has increased by more than 70 per cent.' 'The government statistics itself is so revealing what the purpose of this law (UAPA) is.'
All expats in Kuwait must respect Kuwait laws and not take part in any type of demonstrations, said the instructions.
'Now they're talking about changing the Constitution; they feel they have no reason now to hide their intentions.'
The statement comes in the wake of two independent members of the NSC, P C Mohanan and J V Meenakshi, quitting the Commission over disagreements with the government on the back-series GDP data and delay in release of labour force survey. Mohanan was also the acting chairperson of the Commission.
The population is important and so is the talent, he said about China, the world's second-largest economy after the United States.
The technical report of the NSSO has generated controversy following its observation that as much as 36 per cent units forming part of MCA-21 database, used in computing GDP, could not be either identifiable or traceable in the field.
Releasing the survey report after taking into account the expert committee recommendations, Statistics Secretary Pravin Srivastava told reporter, "It is a new design and a new matrix. It would be unfair to compare it with the past. This 45- year high is your interpretation. I don't want to claim that it is 45-year low or high."
Hit by Covid waves and slowdown, the Indian Railways has still not been able to return to its pre-pandemic passenger traffic, data by ministry of Railways has revealed. In February, the national transporter received 413 million ticket bookings - 43 per cent higher than the previous year, but only 61 per cent of the 675 million in February 2020. According to the statistics, that was the last time the Railways saw more than 500 million bookings in a single month.
The findings of the report showed consumer spending falling for the first time in over four decades in 2017-18.
According to the NCRB's annual 'Prison Statistics India 2020', the number of Indian prison inmates in the country stood at 4.83 lakh by the end of 2020.
