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Impavid Bulletin

economy

"Year-on-year inflation for the month (July 2022) stood at 5.78 per cent compared to 6.16 per cent for the previous month (June 2022) and 5.26 per cent during the corresponding month (July 2021) a year before," a labour ministry statement said. Among others, 11 centres between 0.1 and 0.9 points, 3 centres between 1 and 1.9 points, and 2 centres each experienced a reduction between 2 and 2.9 points.

​​​Narendra Singh Tomar, in a virtual meeting with state agriculture ministers, asked states to complete the work of data verification and update at the earliest so that no eligible farmer is deprived of the benefits of the schemes. Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, a financial benefit of Rs 6,000 per year is provided to eligible farmer families, payable in three equal instalments of Rs 2,000.

The Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) was launched in March 2020 to ease the hardships faced by poor people in the face of the pandemic The scheme is slated to end on September 30.

As per the latest PLFS, urban unemployment in the age group 15-29 years was %. The fieldwork of PLFS was suspended from March 18, 2020 due to Covid-19 pandemic.

"We are on course to achieve our fiscal deficit target and it is not because of a slowdown in capital expenditure," said Somanathan, who is also the expenditure secretary.

New Delhi, Aug 31 (PTI) Indian economy is on course for a 7-plus per cent growth rate in the current fiscal year, finance secretary T V Somanathan said on Wednesday. Commenting on the first quarter GDP growth rate of 13.5 per cent, he said the economy is 4 per cent above pre-Covid levels.

This grant is based on the recommendations of the 15th Finance Commission and are released to the states as per the advice of the Department of Drinking Water & Sanitation for making improvements in two services -- sanitation and maintenance of Open-Defecation Free (ODF) status and supply of drinking water, rain water harvesting and water recycling.

Economic Affairs Secretary Ajay Seth said on Wednesday. The final numbers for GST mop-up will be out tomorrow. On the govt expenditure in Q1, the DEA secretary said that Rs 1.7 lakh crore was spend in the quarter ending June. Seth also said that the Gross fixed capital formation grew 34.7 per cent in April-June, which was highest in 10 years.

The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs, according to the sources.