Crisil Research expects retail inflation to rise 60 basis points to 4 per cent this fiscal from 3.4 per cent in 2018-19.
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Between FY05 and FY12, rural poverty declined at 2.3 per cent per annum and urban at 1.69 per cent.
The labour ministry on Monday rebutted a recent report by Citigroup which forecast that India will struggle to create sufficient employment opportunities even with a 7 per cent growth rate. The ministry in a statement said the report "fails to account for the comprehensive and positive employment data available from official sources such as Periodic Labour Force Survey (PLFS) and the Reserve Bank of India's KLEMS data."
Terming the rise in October retail inflation despite a bumper crop as "disturbing", India Inc said the government must immediately address supply side bottlenecks to bring down the consumer price inflation.
Unless we bring about substantive changes, we cannot expect to alter the current situation where low-productivity and low-wage jobs dominate the landscape, the government think-tank observes.
For the country's maiden offshore mineral mining auction, the Centre is planning to relax the rules on the number of chances for bidding. Under the newly announced draft Offshore Areas Mineral (Auction) Rules and Offshore Areas (Existence of Mineral Resources) Rules, the ministry of mines is planning to offer three chances to potential bidders in its forthcoming inaugural offshore mining auction. If a single bid is not received during the second attempt, the plan is to initiate a new round of bidding for the third time.
The Congress president tagged a Business Standard story which cited a report which said the unemployment rate is highest in 45 years.
India must do away with policy paralysis to ensure growth in agriculture.
According to NSSO, more than half of India's working-age population is out of labour force. In 2017-18, the youth unemployment rate was in the range 13.6-27.2 per cent.
The change in the baseline for IIP and WPI, currently at 2004-05, is expected to bring in more accuracy in mapping the level of economic activity and calculating other numbers like national accounts.
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.
'A delay of two years has happened, but stretching it to 2024 is a bit too far.' 'And we do not know about 2024 also.'
As of now, 12 million Indians join the workforce every year.
The third player in the Delhi election battle, Aam Aadmi Party on Friday said that as per its latest survey the party was expected to win more seats than the two national parties in the fray.
In India, 60 per cent said they think they have the skills needed for their careers
Is India witnessing jobless growth or is there actually no issue with employment? The real story is between the first two suggesting that though there is sufficient employment, the challenge is to create well-paying quality jobs, says Amitabh Kant.
Facing opposition fire for exit polls allegedly being used for stock market manipulation, Axis My India's chief Pradeep Gupta has said he is open to facing all kinds of investigations and it would help do business in a much better way if the government frames specific regulations for pollsters.
In keeping with the Trusts' objectives, the initiative was underpinned by an attempt to determine how over-nutrition was impacting citizens at a mass scale.
'Our competitiveness with China is very important.' 'If the exchange rate depreciates, it is good for us because it helps in our competitiveness.'
An NSSO survey has revealed that some are using the new toilets as store rooms.
Food Safety and Standards Authority of India (FSSAI) has mandated to reduce the limit of industrially produced trans-fats, to not more than 2 per cent to make the country free from the industrially-produced trans-fats by 2022, a year-ahead of the WHO guidelines, the regulator said in a statement.
A new paper by blames 'jobs deficit' for the decline in female labour force.
Claims of a spike in poverty and inequality in India during the Covid-19 pandemic are patently false as such claims are based on uncomparable different surveys, according to a paper co-authored by eminent economist Arvind Panagariya. The paper also noted that inequality fell in the country during Covid years, both in rural and urban areas as well as nationally. Panagariya, Columbia University Professor and former vice chairman of NITI Aayog and Vishal More of Intelink Advisors, New Delhi have co-authored a detailed paper 'Poverty and Inequality in India: Before and After Covid-19'.
The new numbers clearly had very different implications.
China's population in 2022 -- 1.4118 billion -- fell by 850,000 from 2021, the National Bureau of Statistics (NBS) said.
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
A day after an advertisement with photos of Maharashtra Chief Minister Eknath Shinde and Prime Minister Narendra Modi became the talking point in the state, an ad on the state's ruling alliance appeared in Marathi dailies on Wednesday featuring leaders like Shiv Sena founder Bal Thackeray and Deputy CM Devendra Fadnavis.
"India cannot be the refugee capital of the world," the Solicitor General said, adding there was a need to re-look the draft NRC list through sample verification.
More than 157 million Indians watched at least one film in the theatre in 2023.
In Madhya Pradesh, the C-Voter poll projections gave the BJP 107 seats with a vote share of 41.5 per cent, against Congress' vote share of 42.3 per cent and a simple majority of 116 seats.
The plan includes step-wise expansion of a crucial credit guarantee net, establishment of an unprecedented number of functional clusters and increased government procurement from MSMEs.
'This isn't political. This fight is for justice. This is the fight to give justice to the party workers'
If the BJP wants to win 60 out of UP's 80 seats, it will need a jump of 30 percent in its vote share -- which is a mammoth task.
Given the rapid changes in the Indian labour market, there is an urgent need to have current, accurate and publicly available data through regular, dynamic and comprehensive surveys. Indeed, this was the intention behind constituting the NITI Aayog Task Force on Improving Employment Data. The attempts by the government to "improve" labour data has actually made it worse, say Rosa Abraham, Janaki Shibu & Rajendran Narayanan.
China's Xiaomi to unveil its first India-made phone on Monday
'...because of its permanent nature.' 'If you work for the private sector or for yourself, you are not regarded as being employed,' points out T C A Srinivasa Raghavan.
The number of poor in the country declined to 27 crore (270 million) in 2011-12, from 40.74 crore in 2004-05, Minister of State for Planning and Parliamentary Affairs Rajeev Shukla said on Wednesday.
The Planning Commission's latest poverty estimates, based on the 2011-12 consumption expenditure survey, shows that across India, the number of people living below the poverty line declined by more than 15 percentage points -- from 2004-05 to 2011-12 and from 37 per cent to 21.9 per cent.
Prices of luxury properties appreciated by 8-12 per cent during the last year across major cities and has breached the 2015 peak level, according to India Sotheby's International Realty. In its annual 'Luxury Outlook Survey 2023', India Sotheby's International Realty (ISIR) revealed that 61 per cent of High-Net-worth Individuals (HNIs) and Ultra High-Net-worth Individuals (UHNIs) are looking to buy luxury real estate during 2023-24. The sample size of the survey is more than 500 HNIs and UHNIs.
About 13 million first time car/two-wheeler buyers are entering the market every year. If employment creation is such a big issue, where are these people coming from, asks Mahesh Nandurkar.
