Even if no statistical jugglery is afoot, the "noise" in India's GDP numbers should be eliminated in order to hear the underlying music without distortion, writes T N Ninan

Economic growth, GDP

Business Standard

November was a blockbuster month for the Nifty index, which rose 5.5 per cent, the most since July 2022

Sensex, Nifty, stock market, BSE, NSE

The 15 per cent Y-o-Y growth in November came despite weak external conditions

Shares of Dixon Technologies sprinted 9.5 per cent and hit a fresh 52-week high of Rs 6,034.75 apiece on the BSE

Dixon Technologies

These are tactics used by online platforms to manipulate or heavily influence customers to make certain choices

digital business

Spot gold rose 0.2% to $2,044.69 per ounce by 0632 GMT, after hitting its highest since May 5. U.S. gold futures for December delivery rose 0.3% to $2,045.30 per ounce

gold, gold prices

Reuters

India experienced extreme weather events almost every day in the first nine months of this year which led to nearly 3,000 deaths, according to a report released on Wednesday.
Published by the independent think tank Centre for Science and Environment (CSE), the report said the climate-vulnerable country had extreme weather on 86 per cent of days from January to September 2023.
The CSE said 2,923 people died, almost two million hectares of crops were ruined, 80,000 homes were destroyed and more than 92,000 animals were killed. But these numbers might be even higher because not all the data is collected, it said.
"'India 2023: An assessment of extreme weather events' attempts to build an evidence base on the frequency and expanding geography of extreme weather events in the country. As this assessment clearly shows, what the country has witnessed so far in 2023 is the new 'abnormal' in a warming world," said the CSE director general Sunita Narain.
Madhya Pradesh reported the highest .

CDP, which gathered the data on behalf of 515 investors with $106 trillion in assets, said it received responses from 220 small and large Indian companies

Extreme weather condition

Press Trust of India

Amid indications that Rahul Gandhi may contest again from Kerala's Wayanad constituency in the upcoming Lok Sabha polls, the former Congress chief said on Wednesday that the southern state and the hill constituency were like a home to him.
With less than six months remaining before the Lok Sabha elections are scheduled to take place, Gandhi said that coming to Kerala and Wayanad is not work for him.
"I consider it like coming back to my family and meeting my friends. The more I come to Kerala and Wayanad, the more I feel that it is my home," the Congress MP from Wayanad stated.
He made these remarks after releasing a book on the late Muslim League Leader P Seethi Haji here.

Rahul Gandhi

The Supreme Court-appointed Special Investigation Team (SIT) on black money will soon submit its eighth interim report to the apex court, the panel's vice-chairman Justice (Retired) Arijit Pasayat said here.
After coming to power in May 2014, the Narendra Modi government, in its first cabinet meeting, approved the appointment of the SIT as directed by the Supreme Court. In the last nine years, the SIT has submitted seven interim reports to the apex court.
Justice Pasayat held a meeting at his residence here on Tuesday with officers of both central and state governments in connection with the detection and curbing of black money generation in the country.
"A meeting of officers from Income Tax, Enforcement Directorate, Customs and Excise and Central Board of Indirect Tax departments was held for over two hours in which participants discussed the methods to be applied for detection and curbing of generation of black money in India and abroad," Justice Pasayat told reporters.

Supreme Court, Manipur violence

Shares of IREDA, which were listed at 50 rupees, climbed to a high of 57.75 rupees, well above their initial public offer (IPO) price of 32 rupees

IREDA

Adani is now the 19th richest person in the world, with a net worth of $66.7 billion

Gautam Adani, Adani

Axis Mutual Fund on Wednesday launched a manufacturing fund and has set a target of collecting at least Rs 2,500 crore during the offer period.
The Axis Bank subsidiary which competes with 44 other players, is also eyeing around Rs 3 lakh AUM by the end of this fiscal, given the market rally.
The fund house opened the year with an AUM (assets under management) over Rs 2.25 lakh crore.
The open-ended equity scheme represents the manufacturing theme and opens for subscription from December 1 and closes on December 15.
The fund will track Nifty manufacturing index and will be managed by Shreyash Devalkar and Nitin Arora, the company announced here.
If 10 per cent of the investment is redeemed/switched within 12 months from the date of allotment there will be no exit load, while for the remaining investment there will be a 1 per cent charge, B Gop Kumar, managing director & chief executive of the fund house said.
On the overall AUM target for the year, Kumar said the growth has been

mutual funds, MFs

The Central Drugs Standard Control Organisation (CDSCO) and state drug inspectors have been conducting inspections as part of a massive nationwide crackdown on spurious and substandard medicines

pharma, medicine, drugs

Murthy said that over the years, he has transformed from a 'confused leftist' to a 'determined compassionate capitalist'

Narayan Murthy

At a cabinet briefing, Anurag Thakur said that the extension will cost the exchequer Rs 11.8 trillion

Anurag Thakur

Amid several exit polls suggesting that the Congress will have an advantage over the ruling BRS in Telangana, counting of votes polled in the November 30 Assembly elections will be taken up at 8 AM on Sunday.
It will be clear whether the voters preferred the Chief Minister K Chandrasekhar Rao-led regime for a third term or the "six guarantees" by the Congress worked made any miracles or the BJP's BC chief minister 'mantra' wooed the electors or if there will be a fractured verdict, by tomorrow evening.
As many as 2,290 contestants are in the fray in the elections, including BRS supremo Chandrasekhar Rao, his minister-son KT Rama Rao, TPCC president A Revanth Reddy and BJP Lok Sabha members Bandi Sanjay Kumar, D Arvind and Soyam Bapu Rao.
The BRS fielded candidates in all 119 seats. The BJP and Janasena contested in 111 and 8 seats respectively in a pre-poll pact while the Congress gave one seat to its ally CPI. The Asaduddin Owaisi-led AIMIM has put up candidates in nine segments in

Voting, Election, polls, Voting day

West Bengal Governor CV Ananda Bose has welcomed the Supreme Court's verdict on the role of the governor, who is the ex-officio chancellor of state-run universities, in the appointment of vice-chancellors, asserting the apex court has clarified the legal position of the chancellor in the matter.
The Supreme Court, while hearing a case pertaining to the reappointment of Kerala's Kannur University vice chancellor, said the governor is not a mere titular head and in the selection of VCs, he is the sole judge and his opinion is final in all respects. By virtue of his office as the ex-officio chancellor, he is not bound to act under the advice of the council of ministers.
"The Supreme Court has clarified the legal position of the chancellor in the appointment of VCs... the Chancellor is the authority to appoint VCs. The court made it very clear that the state government of any state should keep off university administration, particularly in the appointment of VCs," Bose told reporters her

Supreme Court (Photo: Wikipedia)

Tremors were felt in various parts of West Bengal as an earthquake of 5.6 magnitude hit neighbouring Bangladesh on Saturday morning.
According to the National Center for Seismology, the earthquake took place in southeastern Bangladesh at a depth of 55 km at 9.05 am.
"Earthquake of Magnitude: 5.6, Occurred on 02-12-2023, 09:05:31 IST, Lat: 23.15 & Long: 90.89, Depth: 55 Km, Location: Bangladesh, India," the NCS said on X.
West Bengal Disaster Management Department said that as of now, no damage has been reported from anywhere in the state.
"We are yet to get the final report. As of now, there is no report of any damage due to the quake," an official told PTI.
Officials of the Kolkata Police and the Kolkata Municipal Corporation also said no damage to life or property was reported from the eastern metropolis.

Earthquake, quake

He also thanked the people of Rajasthan for extending their support to the BJP

The Indian Navy celebrates Navy Day on December 4 to commemorate "Operation Trident," the Navy's audacious attack on Karachi harbour during the 1971 War

Displaying categorized search results for news

Latest News

In this section

All

Fate of BRS, Cong in T'gana to be unsealed as vote count to begin tomorrow

Bengal guv welcomes SC verdict on chancellor's role in appointment of VCs

Tremors felt in Bengal as 5.6 magnitude earthquake hits Bangladesh

People will be freed from Rajasthan's Congress govt and its loot: Thakur

Navy Day 2023: Defence Chiefs lay wreaths at War Memorial at ceremony

Most Popular

Read

Shared

Commented

Handle with care: India's latest GDP numbers flatter but don't deceive

Sensex soars nearly 1,400 points this week; Here's what led to the rally

GST mop-up rises 15% to Rs 1.68 trn; two-wheeler sales enter fast lane

Stock of this EMS player hit 52-week high today; stock up 41% in 6 months

Dark patterns: Govt sets guidelines of the game for digital business

Displaying categorized search results for news Advance Search