The Press Information Bureau (PIB) is a government agency that releases news and information about the activities of the Indian government. On July 13 and 14, 2023, the PIB released a number of important news items, including the . This news analysis will provide a brief overview of each of these news items and discuss their implications. The analysis will also highlight some of the other important news items that were released by the PIB on July 12, 2023. Additionally, it will highlight other important announcements made by the PIB on the same day.
Top Press Information Bureau (PIB) News of the day:
India’s overall exports (Merchandise and Services combined) in June 2023* is estimated to be USD 60.09 Billion, exhibiting a negative growth of (-) 13.16 per cent over June 2022. Overall imports in June 2023* is estimated to be USD 68.98 Billion, exhibiting a negative growth of (-) 13.91 per cent over June 2022. India’s overall exports (Merchandise and Services combined) in April-June 2023 is estimated to exhibit a negative growth of (-) 7.29 per cent over April-June 2022. Overall imports in April-June 2023 is estimated to exhibit a negative growth of (-) 10.18 per cent over April-June 2022.
2. Wholesale Price Index for June, 2023 (provisional) stands at (-) 4.12% against (-) 3.48% recorded in May, 2023
The annual rate of inflation based on all India Wholesale Price Index (WPI) number is(-) 4.12% (provisional) for the month of June, 2023 (over June, 2022) against (-) 3.48% recorded in May, 2023. The decline in the rate of inflation in June, 2023 is primarily due tofall in prices of mineral oils, food products, basic metals, crude petroleum & natural gas andtextiles.
WPI Food Index (Weight 24.38%): The Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group has increased from 172.8 in May, 2023 to 175.2 in June, 2023. The annual rate of inflation (Y-o-Y) based on WPI Food Index changed from (-) 1.59% in May, 2023 to (-) 1.24% in June, 2023.
Prime Minister Shri Narendra Modi was conferred with the Grand Cross of the Legion of Honour, France’s highest award today by H.E. Mr. Emmanuel Macron, President of the Republic of France. Prime Minister thanked President Macron for this singular honour on behalf of the people of India. The award ceremony took place at the Elysee Palace in Paris.
4. INS SUNAYNA PARTICIPATES IN CMF EX ‘OP SOUTHERN READINESS – 2023’
INS Sunayna was at Seychelles from 10-12 Jul 23 to participate in Op Southern Readiness 2023 conducted by Combined Maritime Forces(CMF). The visit was aimed at strengthening multilateral ties and enhancing cooperation through CMF exercise which is a multinational initiative aimed at enhancing maritime security, countering piracy to ensure safety and freedom of navigation in the region.
India's April Trade Performance: Exports...
DPIIT Reports Over 7 Million Transaction...
SBI Raises Short-Term Retail Fixed Depos...
