Central Electricity Authority Data: India’s Electricity Demand fell to a 12-year low

According to the data released by the Central electricity Authority (CEA), the electricity demand of the country fell by 13% in October 2019 as compared to October 2018. This is the lowest in 12 years. Highlights Sharp reduction in the ..

Month: Current Affairs - November, 2019

NCAER Survey: Business Confidence fell by 15%

According to National Council of Applied Economic Research, the Business Confidence of India dipped to lowest in six years. It fell by 15% between the period July and October 2019 Highlights The Business Confidence Index dipped to 103.1 from 100.4 ..

Month: Current Affairs - November, 2019

Why the Economic Slowdown is taking place?

The release of the first-quarter data for the financial year 2020 came as a rude surprise to economists and policy planners in the country. Due to a fall in private consumption growth and investment rate, GDP growth has fallen to ..

Debate over India’s GDP Numbers

The Central Statistics Office (CSO) introduced a new series of National Account Statistics in 2015. The important changes made in the new series included the change in base year from 2004-05 to 2011-12, employed a new methodology to estimate India’s ..

Ex-CEA’s claim on GDP refuted by the PM s Economic Advisory Council

The Prime Minister s Economic Advisory Council (EAC) has refuted the assertion by the former chief economic advisor (CEA) Arvind Subramanian that India s GDP was overestimated between FY12 and FY17. Arvind Subramanian s Assertion His assertion was that India ..

United Nations releases World Economic Situation and Prospects (WESP) 2019 Mid-year Update

The United Nations (UN) has recently released the World Economic Situation and Prospects (WESP) 2019 Mid-year Update. In it, the UN has lowered its forecast for India’s GDP growth in 2019-20 to 7.1% from its estimate in January of 7.5%, ..

World Bank releases its latest report on “South Asia Economic Focus, Exports Wanted”

As per latest report on “South Asia Economic Focus, Exports Wanted” by World Bank (WB), India’s GDP growth is expected to accelerate moderately to 7.5% in FY 20 (2019-20) and will be driven by continued investment strengthening, particularly private-improved export ..

ADB lowers India’s growth by 40 basis points to 7.2% in fiscal year 2019-20

Asian Development Bank (ADB) has recently released its flagship publication Asian Development Outlook 2019. In its report, ADB has lowered India’s growth by 40 basis points to 7.2% in fiscal year 2019-20. Still, it will be fastest growing economy in ..

ACTU report: Low wages bad impact on Australians

The Australian Council of Trade Union says that low wages has led to many Australians taking multiple jobs. The secondary jobs are acquired in healthcare, education and social assistance. The reason behind the situation is low wages in their primary ..

2019 National Productivity Week (NPW)

The National Productivity Council (NPC) has started the celebration of its 61st Foundation Day on 12th February with the theme “Circular Economy for Productivity & Sustainability”. NPC observed foundation day as National Productivity Day (NPD) and the National Productivity Week ..