Daily News Analysis

Purchasing Manager’s Index

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Purchasing Manager’s Index

 

  1. It is an index that reflects the prevailing direction of economic trends in the manufacturing and service sectors.
  2. It has a diffusion index that summarizes whether market conditions are expanding, staying the same, or contracting as viewed by purchasing managers.
  3. It is a monthly survey released by the Institute for Supply Management (ISM), of supply chain managers across 19 industries, covering both upstream and downstream activity.
  4. The PMI is based on five major survey areas, all are weighed equally:
    1. New orders
    2. Inventory levels
    3. Production
    4. Supplier deliveries
    5. Employment
  5. A PMI above 50 represents an expansion and under 50 represents a contraction when compared with the previous month. 

Corporate Average Fuel Efficiency

The study by Nomura researchers calls for reform of India’s Corporate Average Fuel Efficiency (CAFE) norms, particularly to better protect small cars. Key Highlights of the Study: 1.
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Delhi’s Fuel Ban for Old Vehicles

The Delhi Government has faced considerable backlash following its fuel ban for old vehicles under a directive from the Commission for Air Quality Management (CAQM). The ban was implemented to cur
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India State of Forest Report (ISFR) 2023

The India State of Forest Report (ISFR) 2023 has sparked controversy by attributing part of the negative change in forest cover to the Forest Rights Act (FRA), 2006. The claim has been contested b
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International Treaty on Plant Genetic Resources for Food and Agriculture

The International Treaty on Plant Genetic Resources for Food and Agriculture (ITPGRFA) is a crucial international agreement that plays a key role in the conservation and sustainable use of plant g
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Green Climate Fund (GCF)

The Green Climate Fund (GCF) has recently approved over USD 120 million to support climate resilience projects in Ghana, the Maldives, and Mauritania. This funding aims to assist these countries i
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Quad Critical Minerals Initiative

The Quad Critical Minerals Initiative launched by the United States, India, Australia, and Japan marks a significant shift in global geopolitics and economic strategy, especially with regard to cr
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NITI Aayog's Proposal

NITI Aayog's proposed roadmap to boost India's chemical exports is a significant step toward enhancing the country's position in global chemical supply chains and addressing existing i
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One Big Beautiful Bill Act

The newly introduced 1% tax on outbound remittances under the One Big Beautiful Bill Act (OBBBA) by the United States has raised concerns about its potential impact on global remittance flows, particu
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pulse cultivation

The Department of Consumer Affairs, under the Ministry of Consumer Affairs, Food and Public Distribution, has launched an important initiative to promote pulse cultivation in India, especially to
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Gini Coefficient

The Gini coefficient is a key measure used in economics to quantify income inequality within a country or region. Developed by the Italian statistician Corrado Gini, it serves as an essential tool
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