The unemployment rate in the country has increased once again. It stood at 7.45 percent in February, which was 7.14 percent in January. The Center for Monitoring in Indian Economy (CMIE) said that there has been more unemployment in cities than in villages. Unemployment has been 7.23 percent in villages and 7.93 percent in cities. According to the data, however, the unemployment rate in cities declined to 7.93 percent from 8.55 percent in January. In villages, it has increased from 6.48 percent to 7.23 percent. The highest unemployment rate in February was on February 18, which was 7.84 percent. 29.4% unemployment rate in Haryana and 4% in UP According to the data, the unemployment rate in Haryana is 29.4%, while it is 17.1% in Jammu & Kashmir, 28.3% in Rajasthan, 13.9% in Himachal and 12.3% in Bihar. Uttarakhand has a 2.3% unemployment rate, UP has four, MP has two and Chhattisgarh has the lowest unemployment rate of 0.8%.
Revision of figures led to a decline in manufacturing and consumption
India's Chief Economic Advisor (CEA) V Ananth Nageswaran on Wednesday said that the performance of the manufacturing sector and private consumption expenditure in the December quarter of 2022-23 looks subdued due to the high base effect. He said the base of GDP growth had been increased by the revision of the figures of the last three financial years. The National Statistical Office on Tuesday revised the GDP growth rate data for the last three financial years 2019-20, 2020-21, and 2021-22. Also released the second advance estimate of GDP for 2022-23. He said that if the base effect had not increased, manufacturing would have grown by 3.8 percent and private consumption expenditure by 6 percent in the December quarter.
The growth rate will be 5.5% in 2023-24
Moody's on Wednesday raised the country's economic growth forecast. It said the GDP growth rate in 2023-24 could be 5.5 percent. Earlier 4.8 percent was estimated.
Axis buys Citibank's retail business
Citibank's retail business in India has now been merged with Axis Bank. The deal has been done for 11,603 crores. Citibank's retail business includes credit cards, personal and home loans, retail banking, insurance services, and others. From now on all the services related to retail business including all branches, and ATMs will be provided through Axis Bank. All customers and employees associated with this business will also become part of Axis. Citibank India's 30 lakh customers and 3,200 employees will also become Axis.
Petrol-diesel: up to 13 percent increase in demand
After a decline in winter, there was a sharp increase in the demand for petrol-diesel (fuel) in February 2023. Petrol sales rose 12 percent year-on-year to 2.57 million tonnes in February. Sales are 1.57% higher as compared to the same month of Covid affected 2021. Diesel sales rose 13% to 6.52 million tonnes in February. Aviation fuel (ATF) demand increased by 41.3 percent year-on-year to reach 5,74,200 tonnes. Cooking gas (LPG) sales increased by 2.43 percent to reach 2.53 million tonnes.
Electricity consumption: increased by more than 9% to 117.84 billion units
Electricity consumption in the country increased by more than 9 percent year-on-year to reach 117.84 billion units in February 2023. This increase indicates a faster pick-up in economic activity in February. Electricity consumption in February 2022 was 108.03 billion units. In February 2023, the maximum demand increased to 209.66 GW in a single day.
Tripti Dimri's old video went viral on social media, and after seeing her acting said - it would eat away the rest of the actress's career.
Tripti Dimri, who made people crazy with the movie 'Animal', is touching new heights. People can't stop talking about him. There has been a tremendous increase in his fan following on social media.
Indian Navy: When the ship was saved from pirates, the world recognized the strength of the Navy, know what the experts said
A ship was recently rescued from pirates in the Arabian Sea by the Indian Navy. The efficiency and military capability with which the Navy carried out this operation is being praised all over the
Gonda Train Accident: Horrifying scene seen after the accident, people shudder remembering the screams of the injured.
Time 2 pm. Everywhere in Pikaura village of Mankapur, there was a discussion about the train accident that happened on Thursday. Villagers shudder remembering the horrific scene, scattered bodies, and
Kunal Kamra Row: 'Unfortunate... the law must take action', CM Yogi Adityanath said on Kunal Kamra controversy
Uttar Pradesh Chief Minister Yogi Adityanath has strongly criticized the objectionable statement of stand-up comedian Kunal Kamra. CM Yogi said that freedom of expression does not mean that a person
IND vs AUS: India will try to continue their winning streak against Australia, Virat-Zampa will compete, knowing the playing 11
An exciting Super-8 match will be played between India and Australia on Monday. A tough competition will be seen between the two teams at the Darren Sammy National Cricket Stadium in Gros Islet. The
Delhi Air Pollution: Delhi's climate worsens before Diwali, AQI reaches poor category; There is little chance of relief now
The cold winds coming from the hilly areas have spoiled the climate of the capital Delhi. According to Safar India, the overall air quality in Delhi remains in the 'poor' category, with the air
'If we make laws, it will create social instability in the country,' Owaisi warns the government on the Waqf Amendment Bill.
All India Majlis-e-Ittehadul Muslimeen (AIMIM) chief Asaduddin Owaisi has warned the government on the Waqf Amendment Bill-2024. He said that this will create social instability in the country. He
World's Most Happiest Country: India ranked 126th in the Global Happiness Index of 143 countries, and Finland remained on top for the seventh consecutive time.
India ranks 126th among 143 countries in the Global Happiness Index. In this index released on Wednesday, Finland has topped for the seventh consecutive time and Israel is in fifth place despite the
The panel of PM, Leader of Opposition, CJI will choose Election Commissioner: Supreme Court said – these appointments should be like CBI director; Earlier the government used to decide
The Supreme Court on Thursday gave a historic verdict on the appointment of the Chief Election Commissioner and Election Commissioners. The court ordered that a panel of the PM, the Leader of the
Ram Mandir: 'The dream of crores of Hindus has come true', BRS leader's poem praised the Ram temple being built in Ayodhya; shared video
Ram Mandir The grand Ram temple being built in Ayodhya, Uttar Pradesh is going to be inaugurated on 22 January 2024. This day is going to be very memorable for Ram devotees living all over the world.
