Daily Archives: January 21, 2023

ALL-INDIA CONSUMER PRICE INDEX

The All-India Consumer Price Index Number for Agricultural Labourers (Base: 1986-87=100) for the month of December, 2022 remained stationary at 1167 (One thousand one hundred and sixty seven) points and for Rural Labourers increased by 1 point to stand at 1179 (One thousand one hundred and seventy nine) points. The …

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INDO-EGYPT JOINT TRAINING EXERCISE CYCLONE – I

The first ever joint exercise between the special forces of the Indian Army and the Egyptian Army named “Exercise Cyclone-I” is in progress at Jaisalmer in Rajasthan since 14 January 2023. The exercise aims to bolster defence co-operation between the two nations and focus on sharing professional skills and interoperability …

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URBAN UNEMPLOYMENT

Ravi Verma, hired by an electrical parts manufacturing firm early last year as India’s economy surged, was fired in November when the company lost several export orders. He has since remained unemployed, unable to pay back a ₹1 lakh loan he took to buy a two-wheeler. Verma is among thousands …

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GOOGLE AXES 12,000 JOBS OR 6% OF ITS WORKFORCE

Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. Sundar Pichai, the CEO of Google’s parent Alphabet, informed staff Friday at the Silicon Valley giant about …

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XI JINPING SPEAKS TO TROOPS ALONG INDIA-CHINA BORDER

Chinese President Xi Jinping on the evening of January 18 held a rare conversation with People’s Liberation Army (PLA) soldiers stationed along the India-China border through video link, State media in Beijing reported on January 19. Xi, speaking from the PLA headquarters in the capital, addressed troops at a border …

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AUTONOMY OF PANCHAYAT LEVEL IN INDIA

A few weeks ago, Balineni Tirupati, an up-sarpanch in Telangana’s Jayashankar Bhupalpally district, committed suicide due to indebtedness. He had taken out a loan to undertake development works in the village and was unable to bear the burden after the State government’s inordinate delay in releasing bill payments. A few …

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DECLINE IN CHINA’S POPULATION

The last time China’s population saw a decline was in 1961, in the midst of a devastating four-year famine following Mao’s failed “Great Leap Forward” campaign. The latest decline in population, however, is no blip. The shrinking of the world’s most populous country by as much as 8,50,000 in 2022 …

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DROP IN INDIAN EXPORTS

December 2022 marked the steepest fall in two years for India’s goods exports, with products worth $34.5 billion shipped out — 12.2% lower than a year ago. This was the second time in three months that shipments dropped year-on-year and top Commerce Ministry officials sought to calm nerves by citing …

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