ASSEMBLY-ELECTIONS
Assembly triumphs no guarantee for Lok Sabha victory, data reveals, but can impact national politics
Although Congress had won 54 percentage of the Assembly seats cumulatively in Chhattisgarh, Madhya Pradesh, and Rajasthan in 2018, it failed to use the momentum during the 2019 Lok Sabha elections, only winning 4.62 percentage of the seats available.
BUSINESS
India unlikely to meet FY24 seafood export target of $9.25 billion
Tepid buying from the US, China, Japan and Europe is one of the factors. The US is getting a lot of shrimps from Ecuador cheaply as transportation costs and the time needed for delivery are less. The US is the leading buyer of Indian seafood.
BUSINESS
Sweet crisis: Indian chocolate industry reels under 45-year high cocoa prices, but keeps it delicious for consumers for now
Domestic chocolate makers may not hike prices before the next year, given the busy sales season during Christmas and New Year.
BUSINESS
Weekly Numerics | Corporate profits surge, yet wages stagnate; snacking woes, and content takedown requests surge
Although corporate profits reached record highs, wage growth has stagnated. Meanwhile, 76 percent of the revenue of India’s top packaged food companies came from selling unhealthy products
ASSEMBLY-ELECTIONS
Rajasthan Elections 2023: Why SC/ST reserved seats can be the key to winning power in the state
In the six elections that Rajasthan has seen since the 2008 delimitation exercise, the winning party has always been the one that has secured the most number of reserved seats.
BUSINESS
India’s tea output, exports likely to be lower this year
Despite the decline in production, however, prices continue to remain weak.
BUSINESS
Weekly Numerics | Record rise in Indian students in the US, dip in wheat acreage, and cargo growth in ports
Indian students now contribute an estimated $7.14 billion to the US economy. Meanwhile, the total wheat production in India is expected to see a decline this fiscal year
BUSINESS
Cumin prices set to rise as export demand picks up
Export demand had slackened in the last few months as prices had shot up by 100-200% to Rs 500-700 per kg in June- October 2023, from a year ago.
BUSINESS
Weekly Numerics | The hottest 12 months on record, deepening wealth gap, and the rise of OTT
With an average warming of more than 1.3°C, the past 12 months were the hottest on record. Meanwhile, income and wealth inequality is deepening in India. And data shows a significant drop in the number of employed persons in October.
INDIA
Delhi pollution: Stubble burning has declined in Punjab but is still a menace
Although not much in the spotlight, Rajasthan, Uttar Pradesh, and Madhya Pradesh have seen a spike in stubble burning. And according to experts, stubble burning isn’t the only reason for the rapid deterioration of air quality in Delhi over the last week
BUSINESS
Dhanteras 2023: High gold prices take sheen off prospective sales in traditional high season
The industry does not foresee customers flocking to jewellers this year during the normally busy and auspicious time of Dhanteras and Diwali, but the high price could mean that revenue figures are not badly affected.
BUSINESS
SFO Technologies preparing for an IPO in 2 yrs to fund expansion plans
SFO Technologies has targeted a growth of 12 percent year-on-year (YoY), and hopes to clock a turnover of Rs 3,000 crore in the current year. The company has earmarked an investment of around Rs 800 crore over the next three years.
ASSEMBLY-ELECTIONS
Majority of sitting MLAs in 5 poll-bound states are crorepatis, many face criminal cases, shows data
Telangana MLAs are the richest of the five, and the state also has the maximum share of MLAs with criminal cases registered against them. No state has done too well when it comes to female representation.
BUSINESS
Weekly Numerics | Increasing child fatalities in Gaza, the link between diabetes and air pollution, and the rise of women-led startups
As Indian cities grapple with air pollution, a new study shines light on its link with diabetes. Meanwhile, startups are leading the way in reducing the gender gap with data showing that they have a significantly higher share of women in the workforce and leadership positions, compared to traditional Indian companies.
INDIA
Despite feeling the heat, Indians optimistic about avoiding climate disaster
Nearly 60 percent of Indians believe that climate change is the biggest threat facing the globe today. However, only over 10 percent of them think that a climate disaster could happen during their lifetime, shows data from Epson Climate Reality Barometer 2023.
INDIA
No clear view yet on roadmap, benefits of proposed National Turmeric Board
While some industry insiders say the board could deliver on its aims to promote new product developments and value additions and create awareness of the benefits of turmeric in global markets, others are sceptical, calling it a political gimmick.
BUSINESS
Weekly Numerics | Russia’s rising share in India’s oil basket, fall in net FDI, and more
The share of Russia in India’s oil imports has gone up 204 percent on an annual basis in the first five months of this fiscal, while imports from OPEC countries have declined. Also, during this period, net FDI saw a sharp fall amid the high interest rates in advanced economies.
ASSEMBLY-ELECTIONS
In Charts | KCR battled high inflation, unemployment in Telangana, but scored in FDI and fiscal discipline
A graphical snapshot of the economy of Telangana as it gears up for its third assembly election shows the ruling BRS battling anti-incumbency amid high inflation and unemployment. However, the state has done well comparatively when it comes to reining in its fiscal deficit, attracting foreign investments and improving its digital penetration
ASSEMBLY-ELECTIONS
Unemployment, poverty, low income per capita - Gehlot had more than just factionalism to tackle
A graphical snapshot of the economy of Rajasthan, India’s largest state, India, as it gears up for elections next month. Notably, Both the ruling Congress and the opposition BJP are dealing with factionalism within their parties as the state grapples with unemployment, poverty and the digital divide.
BUSINESS
In Charts | How Shivraj Singh Chouhan was marred by inflation, slowed growth, but scored in employment
A graphical snapshot of Madhya Pradesh, which has more than 20 percent of the population living under multidimensional poverty
BUSINESS
Weekly Numerics | Rising toll in Israel-Hamas war, limited impact of Canada row on student loans, and lack of quality service jobs
The number of those killed or wounded is rapidly rising as the conflict between Israel and Hamas intensifies. Meanwhile, the ongoing diplomatic row between Canada and India is unlikely to affect overseas student loans given out by NBFCs
ASSEMBLY-ELECTIONS
In Charts: Chhattisgarh's low fiscal deficit, falling poverty marred by digital divide, entrepreneurship woes
A graphical snapshot of the state’s economy, which has had a balanced performance in recent years, lifting an estimated 4 million out of poverty in five years. However, the state government has also had to face accusations of impropriety in implementing central government schemes.
BUSINESS
Cashew nut prices not going up despite higher Diwali demand
Surplus availability of the nut is the prime reason. Increased production of cashews and almonds in the world, removal of additional tariffs on walnuts and almonds imported from the US and processors shifting from exports to domestic sales are the reasons.
ASSEMBLY-ELECTIONS
High debt, lower per capita income, inflation— Mizoram has more than a poll battle at hand
A graphical snapshot of the service sector-led economy of the election-bound state, which has struggled to meet its fiscal deficit targets.
