The Ministry of Statistics & Programme Implementation released the Household Consumption Expenditure Survey for 2023-24, showing an increase in average monthly per capita expenditure in rural and urban areas by approximately 9% and 8%, respectively. The data highlights a narrowing urban-rural MPCE gap, a shift towards non-food expenditure, and a decline in food spending, particularly on cereals. Furthermore, the findings indicate a decrease in consumption inequality and positive trends in bridging economic disparities. However, states like Bihar, Uttar Pradesh, Madhya Pradesh, and Odisha still report lower MPCE levels compared to the national average, underscoring the importance of their development for national poverty reduction and economic growth.
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Trump administration backs big arms sales to Israel, defying Congress
The Trump administration approved $7.4 billion in military sales to Israel without congressional review, coinciding with Prime Minister Netanyahu's visit to Washington. Representative Meeks criticized the decision as disrespectful to Congress, echoing previous concerns over similar actions towards Saudi Arabia and other nations despite human rights issues. Full Article
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