Tag: Indices

ECONOMY

Indices UNCTAD's World Investment Report 2023: India and ASEAN top recipients of FDI. According to the United Nations Conference on Trade and Development (UNCTAD)'s "World Investment Report 2023(WIR 2023): Investing in Sustainable Energy for All". Foreign Direct Investment (FDI) in Asia's developing countries remained unchanged at USD 662 billion.  India and Association of Southeast Asian Nations (ASEAN) were the top recipients, with an increase of 10% and 5% respectively.  Asia accounted for more than 50% of the global FDI. The FDI increase in developing countries was unevenly shared and much of the growth was concentrated in a few large emerging economies. About UNCTAD UNCTAD is an intergovernmental organization which promotes the interests of developing countries in world trade. Secretary-General - Rebeca Grynspan Headquarters - Geneva, Switzerland

Indices

Indices Social Progress Index (SPI) for States and Districts Social Progress Index (SPI) for States and Districts is prepared by the Institute for Competitiveness and Social Progress Imperative. SPI measures a country's social progress at the national and sub-national levels (district and local level) The index assesses states and districts based on 12 components across three critical dimensions of social progress - Basic Human Needs, Foundations of Wellbeing, and Opportunity. The index uses 89 indicators at the state level and 49 at the district level. Based on the SPI scores, states and districts have been ranked under six tiers of social progress The tiers are Tier 1: Very High Social Progress Tier 2: High Social Progress Tier 3: Upper Middle Social Progress Tier 4: Lower Middle Social Progress Tier 5: Low Social Progress Tier 6: Very Low Social Progress. Tamil Nadu ranked highest in Opportunity dimension with the score of 72.00  Two Components, Personal Freedom and Choice and Access to Advanced Education  Overall SPI score State SPI Rank Puducherry 65.99 1 Lakshadweep 65.89 2 Goa 65.53 3 Sikkim 65.10 4 Mizoram 64.19 5 Tamil Nadu 63.33 6

Indices

Indices Coal 2022: Analysis and forecast to 2025 It is an annual report of International Energy Agency (IEA) which offers a thorough analysis of recent trends in coal demand, supply, trade, costs and prices. Key highlights Global coal use is set to rise by 1.2% in 2022, surpassing 8 billion tonnes in a single year for the first time. India, along with China, is world’s largest coal producer, consumer and importer. India’s coal production will surpass a billion tonnes by 2025 and will surpass China. Its coal consumption has doubled since 2007 at an annual growth rate of 6%. About IEA Formation – 1974 Members - 31 (India not a member) Headquarters - Paris, France Recent Economic Trends India's direct tax collection grows 26% to ₹13.63 lakh cr for FY23 According to the Income Tax Department of India, India's gross direct tax collections for the financial year 2022-23 have registered a growth of 25.90%. The gross collection stands at ₹13,63,649 crore as of 17 December 2022. Last year, in the corresponding period it was at ₹10,83,150 crore. The Budget had estimated a direct tax collection of ₹14.20 lakh crore this financial year, higher than the ₹14.10 lakh crore collected last fiscal (2021-22). The largest share in Net Direct Tax collection is of Corporation Tax then Personal Income Tax (PIT) including Security Transaction Tax (STT) constitutes the rest. Note A direct tax is a tax that a person or organization pays directly to the entity that imposed it. Example: income tax, real property tax, personal property tax, or taxes on assets.

Indices

Indices India Skills Report 2023 It was released by Wheebox in partnership with All India Council for Technical Education (AICTE), Confederation of Indian Industry (CII) and others. It examines the strategic overview of India's Skills and Talent Economy by 2030. Key Highlights of the report India’s employable workforce has increased from 46.2 % to 50.3 %. 52.8 % of the women workforce are employable, higher than the 47.2 % of employable men. Although, little over 33% of women were working, the ratio of men to women indicates that more men are employed than women. Significant skills gap exist in the fields of data science, cloud computing, healthcare, and finance. Soft- skills such as adaptability and flexibility, problem-solving, stress management, etc. will become non-negotiable for every job position. The report has recommended to instill the required vocational and skill development programs in our secondary, high secondary, and undergraduate education. Government Initiatives for Skill Development National Policy on Skill Development and Entrepreneurship, 2015. Skill India Mission 2015. PM Kaushal Vikas Yojana (2015) for recognition and standardisation of Skills. Initiatives to boost Skill India Mission. Skill Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP - January 19, 2018) Skills Strengthening for Industrial Value Enhancement (STRIVE)