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Price rise: CMIE’s inflation projections lower than RBI’s

March 4, 2024 virendra pandit

Virendra Pandit New Delhi: Contrary to the Reserve Bank of India (RBI)’s projections, the leading economic think tank, the Centre for Monitoring Indian Economy (CMIE), said on Monday the country’s inflation may decline for two years in a row. It is likely to fall to 4.3 percent in 2024-25 from 5.4 percent in 2023-24, which […]

Business

Roving Periscope: “National extinction” fears worry China, Japan, South Korea, and more…

February 29, 2024 virendra pandit

Virendra Pandit New Delhi: Imagine China, the world’s most populous country until November 2023, reporting no new birth at all in two months of 2024… a South Korean businessman offering USD 75,000 as a bonus to each of his workers for producing a kid…and Japan is worried about its increasingly emptying roads… For, population, statisticians […]

Business

Cough syrup: Uzbekistan sentences Indian to 20 years in prison for 68 deaths

February 27, 2024 revoi editor

Virendra Pandit New Delhi: Amid controversies surrounding Indian medicines exported to other countries, Uzbekistan on Monday sentenced an Indian national to a 20-year jail term for his alleged role in the death of 68 children after they consumed ‘contaminated’ cough syrups. Raghvendra Pratap Singh and 20 other people linked to the case were handed […]

Business

Agriculture: After sugarcane price hike, PM Modi says committed to farmers’ welfare

February 22, 2024 revoi editor

Virendra Pandit New Delhi/Ahmedabad: Amid the Punjab farmers’ ongoing agitation on Haryana borders, Prime Minister Narendra Modi said on Thursday his government, which has just increased the minimum price that sugar mills have to pay to sugarcane growers, is committed to the welfare of all farmers in the country. After a Cabinet meeting, chaired […]

Business

Agriculture: India’s wheat production in 2024 to be “good,” says Munda

January 19, 2024 Vinayak Barot

Virendra Pandit New Delhi: With the completion of sowing of wheat, the main rabi (winter) crop, its production this year is expected to be “good,” Union Agriculture Minister Arjun Munda said on Friday. The sowing, which began in October 2023, was completed in various states, including the three top producers—Uttar Pradesh, Madhya Pradesh, and […]

Business

Poverty: ‘5 billion people are now poorer; the wealth of the 5 richest has doubled since 2020’

January 15, 2024 Vinayak Barot

Virendra Pandit New Delhi: The COVID-19 pandemic may have been a blessing in disguise for some and an existential crisis for many. For, the fortunes of the world’s five richest men have more than doubled since 2020, and nearly five billion people have already turned poorer in this “decade of division,” according to the […]

Business

2024: India to remain the world’s fastest-growing economy, says Assocham

December 28, 2023 Vinayak Barot

Virendra Pandit New Delhi: Amid a gloomy 2024 creeping into many recessionary economies worldwide three days from now, India’s leading business and industry body has predicted that the South Asian nation, currently the fifth-largest economy in the world, is likely to remain the fastest-growing as well in the new year beginning on Monday next. […]

Business

Hydroponics: Scientists develop “electronic soil” to enhance barley crop growth by 50%

December 26, 2023 Vinayak Barot

Virendra Pandit New Delhi: Can hydroponics, the soil-less cultivation method, solve the planet’s increasing need for farm products? For, Swedish scientists have developed what they call “electronic soil” (eSoil) that enhances crop growth by 50 percent in about two weeks, the media reported on Tuesday. Hydroponics uses a root system that is stimulated electrically […]

Business

Agriculture: Despite restrictions, exports may reach $53 billion in FY24

December 21, 2023 Vinayak Barot

Virendra Pandit New Delhi: India’s exports from the agricultural sector are likely to reach USD 53 billion in FY24, the same as in the previous fiscal, 2022-23, despite restrictions imposed on shipments of certain key commodities like rice, wheat, sugar, and onions, among others. “We expect that we would reach that level despite a […]

Business

Additional spends: Parliament okays Rs. 58k crores, mainly for rural and farm sectors

December 19, 2023 Vinayak Barot

Virendra Pandit New Delhi: During the ongoing Winter Session, Parliament on Tuesday approved a net additional spending of Rs 58,378 crore in the current fiscal ending March 2024, with a large chunk allocated to MGNREGA and fertilizer subsidies. The gross additional spending would now be more than Rs 1.29 lakh crore, out of which […]