The latest updates on CPI and WPI-based inflation data, the allocation of states towards education, and other significant events have been making headlines in India on February 15, 2023.
CPI and WPI-based Inflation Data Updates
The latest data released by the government shows that the inflation rate in India has increased to 6.16% in January 2023, compared to 5.60% in December 2022. This data is based on the Consumer Price Index (CPI) and the Wholesale Price Index (WPI), which are the two main measures of inflation in India.
The increase in inflation can be attributed to rising food and fuel prices. The government has been taking various measures to control inflation, such as reducing import duties on certain products and providing subsidies to the agriculture sector.
States Allocation Towards Education Data
The government’s focus on improving the quality of education in India has prompted several states to increase their budget allocation towards education. According to reports, Tamil Nadu, Karnataka, and Maharashtra have increased their spending on education.
However, some states like Bihar and Uttar Pradesh are lagging behind in terms of education spending. The government should focus on improving education spending in these states to ensure that every child in the country has access to quality education.
Myanmar Protests
The ongoing protests in Myanmar against the military coup that took place in 2021 continue to make headlines. The military has been cracking down on protests, and the international community has been responding to the situation.
The United Nations and several countries, including the United States, have condemned the military’s actions and called for a return to democracy in Myanmar. The situation remains tense, and it is essential to continue monitoring the situation to ensure that human rights are protected.
India-Pakistan Tensions Over Kashmir
India and Pakistan’s long-standing dispute over the Kashmir region continues to escalate, with both sides accusing each other of violating the ceasefire.
The tension has been increasing since the revocation of Article 370, which granted special status to Jammu and Kashmir, in August 2019. The international community has called on both countries to engage in dialogue to resolve the issue peacefully.
National Logistics Policy
The Union Cabinet has approved the National Logistics Policy to streamline logistics and improve the ease of doing business in the country.
The policy aims to reduce logistics costs and increase efficiency by integrating various modes of transportation and improving infrastructure. The policy will benefit various sectors of the economy, including agriculture, manufacturing, and e-commerce.
SBI’s Digital Payment Platform
The State Bank of India (SBI) has launched its digital payment platform, YONO Super. The platform aims to provide a seamless digital payment experience to customers and improve financial inclusion.
The platform offers various features, including digital payments, investments, and loans, all in one place. The platform will benefit millions of customers and small businesses in India.
India and Japan’s Defence Cooperation
India and Japan have agreed to expand their defence cooperation to counter security challenges in the Indo-Pacific region. The two countries have been strengthening their ties in various areas, including defence, trade, and technology.
The move comes as China’s influence in the region is growing, and both countries are looking to counter it. The cooperation between India and Japan