Industrial growth falls to 17-month low of 0.5 pc in November
New Delhi, Jan 11: Industrial output growth dropped to a 17-month low of 0.5 per cent in November on account of contraction in manufacturing sector, particularly consumer and capital goods.
Factory output as measured in terms of the Index of Industrial Production (IIP) had grown by 8.5 per cent in November 2017, as per data released by the Central Statistics Office (CSO) Friday.
The previous low was in June 2017, when IIP growth contracted by 0.3 per cent.
The growth for October 2018 was revised upwards to 8.4 per cent from 8.1 per cent.
During the April-November period, industrial output grew 5 per cent as compared to 3.2 per cent in the same period of the previous fiscal.
The manufacturing sector, which constitutes 77.63 per cent of the index, recorded a contraction of 0.4 per cent in November as against a growth of 10.4 per cent a year ago.
The mining sector posted 2.7 per cent growth during the month as against 1.4 per cent in November 2017.
Power sector output also grew by 5.1 per cent from 3.9 per cent a year ago.
Capital goods output declined by 3.4 per cent, compared to 3.7 per cent growth a year ago. Consumer durables output also dipped by 0.9 per cent as against a growth of 3.1 per cent a year earlier. Consumer non-durable goods also saw a contraction of 0.6 per cent as compared to 23.7 per cent growth a year ago.
In terms of industries, 10 out of 23 industry groups in the manufacturing sector showed positive growth during November 2018.
As per use-based classification, the growth rates in November 2018 over November 2017 are 3.2 per cent in primary goods, (-) 4.5 per cent in intermediate goods and 5 per cent in infrastructure/construction goods.
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.
Will give suitable answer on L&O situation in Karnataka during winter session: Minister Parameshwara
Bengaluru (PTI): Home Minister G Parameshwara on Saturday said that he will give a suitable response in the state legislature about the law and order situation in Karnataka, if the opposition raises the matter to target the government.
Opposition BJP has made it clear that the law and order situation will be among the main issues that it will raise during the winter session.
The winter session of the Karnataka legislature will begin in Belagavi on December 8 and will go on till 19th of this month.
"I will give a suitable answer (in the Assembly), if they (opposition raise), as to how the law and order situation is in Karnataka and in BJP-ruled states. Also, how law and order was there when the BJP was in power in the state, and how it is now with figures," Parameshwara said in response to a question.
ALSO READ: Indigo crisis: Shivakumar urges Centre to act immediately, bring situation under control
Speaking to reporters here, he said he is not saying that there have been no incidents in the state, but it has to be told as to how the situation was there during the BJP's rule and how it is now.
Asked about how the government will defend notorious criminals and a terror suspect allegedly enjoying preferential treatment inside the Parappana Agrahara Central Jail, the home minister said, "When the majority of the incidents took place, which government was there? All this will be informed in the Assembly when the issue is raised."
Admitting that such incidents have occurred under the current government's tenure too, he said, appropriate action has also been taken against those involved and the officials responsible. "But, old videos were circulated and it was projected as it took place now. I will explain each incident," he added.
To a question on Special Investigation Team (SIT) probe into allegations of "multiple murders, rapes and burials" in the temple town of Dharmasthala, Parameshwara said, he would inform the factual position to the legislature, if raised in the House.
"SIT has submitted the report to the court. They have also submitted it to the government. If the issue is raised, we will inform the house. Factual position has to be told. What is there to hide?"
Asked about his meeting with senior Minister Satish Jarkiholi, amid leadership speculation in the state, Parameshwara said, some time the meeting with Jarkiholi might be on work-related matters as he holds a major PWD portfolio, while sometime it will be for casual political discussions.
"What is there to hide in it? We have met in the past too," he added.
