In a significant boost to India's port development programme, as many as nine ports of India made it to the Global Top 100 in the latest edition of the Container Port Performance Index (CPPI), 2023 - a report prepared by the World Bank and S&P Global Marketing Intelligence.
According to the Meterological Department, the heat index, or the "feels-like" temperature in Delhi surged to 50 degrees Celsius on Wednesday. The city had recorded a minimum temperature of 33.8 degree Celsius on Tuesday night.
The spinner was a part of the team's opening T20 World Cup game against Uganda, but has not played since then due to a sprain on the index finger of his bowling hand.
Karnataka Chief Minister Siddaramaiah suggested on Wednesday that priority should be given to the implementation of complementary projects to improve the Human Development Index (HDI) in the review meeting of Kalyana Karnataka Regional Development Board (KKRDB).
While retaining its position as the fastest-growing large economy, India's real gross domestic product (GDP) growth will moderate to 6.8 per cent in fiscal 2025 from 8.2 per cent in fiscal 2024, CRISIL observed in its recent report, citing high interest rates and lower fiscal impulse.
Wholesale food prices have skyrocketed month-on-month in May, with official data showing that the Whole Price Index for food rising from 5.52 per cent in April to 7.40 per cent in May.
Wholesale inflation in India, based on the Wholesale Price Index, came in at 2.61 per cent in May versus 1.26 reported in April, official data from the commerce ministry showed on Friday.
Annual retail inflation in May was at a 12-month low of 4.75 per cent, marginally down from 4.83 per cent in April. The retail inflation or Consumer Price Index, in December last year was 5.7 per cent, and since has been moderating.
The CPI for May showed an annualized increase of 3.3 per cent, a modest deceleration from April's 3.4 per cent, falling short of economists' expectations that it would remain steady.
India's Index of Industrial Production (IIP) for month of April stood at 5.0 per cent, up from 4.6 per cent a year ago in 2023, as per the data released by the Ministry of Statistics and Programme Implementation.
The data indicates differentiated inflation rates for rural and urban areas, with rural inflation at 5.28 per cent and urban inflation at 4.15 per cent.