June 23

Unemployment rate returns to pre-lockdown levels: Report
The unemployment rate fell to its pre-lockdown level of 8.5 per cent in the week ended June 21 as per the Centre for Monitoring Indian Economy (CMIE) report.
* The rate had spiked from 8.75 per cent in March to 23.5 per cent in April and May. It had peaked at 27.1 per cent in the week ended May 3.
* In the first three weeks of June the unemployment rate dropped dramatically to first, 17.5 then 11.6 per cent and now 8.5 per cent.

Union Minister Dr Vardhan released the annual TB Report 2020
Union Minister for Health and Family Welfare Dr Harsh Vardhan released the annual TB Report 2020. He highlighted his government’s target of achieving the Sustainable Development Goal (SDGs) of eliminating TB in the country by 2025, five years ahead of the Global Target.
* The TB Report 2020 has highlighted that around 24.04 Lakh TB patients have been notified in 2019. This amounts to a 14 per cent increase in TB notification as compared to the year 2018.

Inequality gap in India to narrow down post COVID-19: SBI report
Post COVID-19 pandemic, the inequality gap in the country will narrow down, as income of rich states is likely to decline more than the poor states, according to an SBI research report- Ecowrap.
* At all India level, per capita income (PCI), which is a measure of the earnings per person in a nation or geographic region, will decline by 5.4 per cent in FY21 to Rs 1.43 lakh.
* The report said this decline in PCI is higher than the nominal GDP decline of 3.8 per cent. Globally also, the fall in per capita GDP of 6.2 per cent in 2020 is significantly greater than the 5.2 per cent decline in the world GDP.


June 22

India's economic recovery more likely to be 'U' or 'W' shaped and not 'V': Analysts
India's economic recovery is more likely to be a 'U' or 'W' shaped rather than 'V' as the impact of COVID-19 will be profound on a nation that was already struggling for growth prior to the pandemic, entrum Institutional Research said in a report.
* Before the onset of COVID, Indian economy had slowed down to 4.5 per cent GDP growth, not participating in the global resurgence of 2018 and 2019.
* Economic recession and recovery are often charted in the most common shapes such as U, V and W.


June 20

Rapid fall in unemployment rate, expect recovery in June: Report
As per the Centre for Monitoring Indian Economy (CMIE) report after clocking 23.5 per cent in April and May, the unemployment rate first dropped to 17.5 per cent in the first week of June and then it took a steeper fall to 11.6 per cent in the second week.
* The month of June 2020 is witnessing a very rapid fall in the unemployment rate. The labour participation rate was 40.4 per cent in the week ended June 14.
* The rate had fallen from 42.6 per cent in the week ended March 22, which was just before the lockdown to 39.2 per cent in the first week of the lockdown and the further to 36.1 per cent in the first week of April. It continued falling till the week of April 26 when it reached its lowest level of 35.4 per cent.


June 15

Mobile payments in India jumped 163% in 2019: Report
According to the S&P Global Market Intelligence's 2020 India Mobile Payments Market Report, Mobile payments in India initiated by payment apps comprising account-to-account transfers and payments made from stored-value accounts rose 163 percent to $287 billion in 2019.
* By comparison, point-of-sale transactions completed using debit and credit cards, including online and in apps, rose 24 per cent to $204 billion.
* Card and mobile payments as a percentage of India's GDP rose to 20 percent in the quarter ended December 31, 2019.


June 14

Covid-19 may push millions of children into child labour: UN report
According to the report by International Labour Organisation (ILO) and UNICEF, Millions of more children risk being pushed into child labour as a result of the COVID-19 crisis which could lead to the first rise in child labour after 20 years of progress.
* The report titled 'COVID-19 and Child labour: A Time of Crisis, A Time to Act' says child labour decreased by 94 million since 2000, but that gain is now at risk.
* Children already in child labour may be working longer hours or under worsening conditions, the report says. More of them may be forced into the worst forms of labour which cause significant harm to their health and safety.


June 10

Mumbai most expensive Indian city for expats: Survey
According to Mercer's '2020 Cost of Living Survey', Mumbai has emerged as the most expensive city in the country for expatriates in terms of cost of living.
* Mumbai is the 60th most expensive city for expatriates globally, while it ranks 19th in Asia. Among Indian cities surveyed Mumbai is followed by New Delhi (101st globally) and Chennai (143rd globally). Bengaluru (171) and Kolkata (185) are the least expensive Indian cities in the rankings.
* The global list was topped by Hong Kong, followed by Ashgabat (Turkmenistan) in second position. Japan's Tokyo and Switzerland's Zurich remain in the third and fourth positions, respectively, whereas Singapore is in fifth position.
* On the other hand, Tunis in Tunisia, Windhoek (Namibia), Tashkent (Uzbekistan), Bishkek (Kyrgyzstan) and Karachi (Pakistan) were ranked at the bottom as the least expensive cities in the world.


June 08

8 Indian institutes among top 100 in Asian University Rankings
The Asia University Rankings 2020 which was conducted by British ranking agency “Times Higher Education” (THE) has given eight positions to Indian universities among the top 100 universities in Asia.
* In India the list of eight universities in Asia University Rankings are the six Indian Institutes of Technology (IITs) which includes - Delhi (67th rank), Kharagpur (59), Ropar (47), Indore (55), Bombay (69), and Roorkee (83). Apart from the IITs other institutes include - Bengaluru's Indian Institute of Science (IISc) was at 36th position and Institute of Chemical Technology at 92 position.
Top five Asian universities..
* The top five Asian universities are - Tsinghua University and Peking University (both in China), National University of Singapore, University Hong Kong, and The Hong Kong University of Science and Technology.


June 07

ASEAN to become world's next economic powerhouse post COVID-19: Report
As per a World Economic Forum (WEF) report in post-COVID era over the next decade, accelerated shifts in global forces, more than 1 billion first-time consumers and the Fourth Industrial Revolution will continue to change the landscape of consumption in the fast-growth consumer markets of China, India and the ASEAN region.
* The report "Future of Consumption in Fast-Growth Consumer Markets: ASEAN" also said that both business and political leaders will be required to adapt their strategies to the changing needs and demands of connected and empowered consumers.


June 04

COVID-19 has put 265 million people at risk of starvation: Study
The COVID-19 pandemic has put 265 million people globally at risk of starvation and India is expected to add 12 million more poor to its population, a new annual study has claimed.
* The report, titled 'State of India's Environment in Figures 2020', published by the Centre for Science and Environment (CSE) talks about the massive scale of the economic impact of the pandemic.
* According to the report, the global poverty level will rise for the first time in 22 years.


June 03

Naveen Patnaik appears on top of the most popular CM of India chart
Odisha Chief Minister Naveen Patnaik is the most popular CM in the country, according to a survey conducted by IANS-C voter. He enjoys a net approval rating of 82.96, followed by Chhattisgarh Chief Minister Bhupesh Baghel (81.06) and Kerala CM Pinarayi Vijayan (80.28).
* Andhra Pradesh Chief Minister Jagan Mohan Reddy got the fourth rank with 78.52 score.