Install our app for a richer news experience
ED scores over citizen's fundamental rights in Supreme Court ruling on Money Laundering Act
The Supreme Court verdict on the Prevention of Money Laundering Act (PMLA) lends more power to the ED and infringes on an individual’s fundamental rights
Retail inflation prints at 6.71% in July, declining for the third straight month
The drop in inflation in July is primarily attributed to easing global commodity prices given the looming recession fears. The international crude oil prices are down about 9% this month and below 100 dollars a barrel, hitting pre-Ukraine crisis lows. The fuel tax cut announced by the government has contributed to lower fuel price-based inflation. Restrictions on wheat exports and lower import duties have contributed to easing the pressure on food items.
Index Of Infrastructure Output
A combined index that measures the production performance of Eight Core Industries: refinery, electricity, steel, coal, crude oil, natural gas, cement and fertilizers.
Index of Industrial Production (IIP)
The all India IIP is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base period.
Intellectual Property Rights (IPR)
Contains the summary of patents, designs, trademarks and copyrights applied for and registered in India.
Current Account
A nation's current account records its transactions with the rest of the world - specifically its net trade in goods and services, net earnings on cross-border investments, and its net transfer payments over a defined period.
Final Consumption Expenditure
It is the expenditure on goods and services that are used for the direct satisfaction of individual needs (individual consumption) or collective needs of members of the community (collective consumption).
Gross Fixed Capital Formation (GFCF)
Also regarded as 'net investment', it measures the value of net fixed asset acquisitions by the governments, businesses and pure households.
Support Independent Journalism
Subscribe to keep news free
More than ever before, our country needs journalism that is independent, fair and non-pliant to the bureaucracy. We need the support of like-minded readers like you to help us survive editorially and financially.
Subscribe
Tweet of the day
The BJP government admitted in Parliament today that since 2014, while 22 crore youth applied for jobs, the Central govt. was able to provide only 7.22 lakh jobs. #unemployment #TalkingPoint pic.twitter.com/QCudxeuQyr
— The Mirrority (@TheMirrority) July 28, 2022
Stat of the Day
