India's April core industrial output rises 4.7%
New Delhi, May 31: The output of India's eight major industries accelerated by 4.7 per cent in April from a rise of 4.4 per cent in March, official data showed on Thursday.
"The combined Index of Eight Core Industries stands at 124.2 in April, 2018, which was 4.7 per cent higher as compared to the index of April, 2017," the Ministry of Commerce & Industry said in a statement.
"Its cumulative growth during April to March, 2017-18 was 4.3 per cent."
According to the ministry, the 'Index of Eight Core Industries' (ECI), which represent major sectors like coal, steel, cement and electricity showed an uptrend on a year-on-year (YoY) basis.
The index had registered a rise of 2.6 per cent during the corresponding month of 2017.
The ECI index carries 40.27 per cent weightage of the Index of Industrial Production (IIP) which is the macro-gauge for India's factory output.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Israeli airstrikes in Gaza kill 48 people, including 22 children, hospitals say
Deir al-Balah (Gaza Strip) (AP): At least 22 children were killed in Gaza overnight Tuesday and early Wednesday in a punishing series of Israeli airstrikes on homes in northern Gaza, according to local hospitals.
The strikes killed at least 48 people in total, the Indonesian Hospital in Jabaliya reported. The strikes came a day after Hamas released an Israeli-American hostage in a deal brokered by the United States, and as President Donald Trump was visiting Saudi Arabia.
On Tuesday, Israeli Prime Minister Benjamin Netanyahu said there was “no way” Israel would halt its war in Gaza, dimming hopes for a ceasefire.
