Latest news with #SPI
Time of India
an hour ago
- Business
- Time of India
Delayed action on climate change can pose dire threat to MP, warns IISER-MANIT study
Bhopal: A ground-breaking study by researchers of IISER & MANIT has stressed that the state faces a crisis due to climate change, as signalled by extreme weather conditions in MP, and delayed action could pose existential risks to water availability, farming and rural well-being in several parts. Tired of too many ads? go ad free now The study was published in Theoretical and Applied Climatology Journal and it warns of rising Compound Dry and Hot Events (CDHEs) in Madhya Pradesh (MP) due to climate change. The research was conducted by Dr Somil Swarnkar from IISER Bhopal's department of earth and environmental sciences and Dr Vikas Poonia from MANIT Bhopal's centre of excellence in water management. The simultaneous occurrence of heatwaves and droughts, known as CDHEs, poses significant risks to water availability, agricultural production, and community welfare. "Analysis of weather data spanning 1958 to 2022 reveals a notable increase in extreme weather incidents, particularly since 1990," said Dr Swarnakar. Northern regions including Bhind, Morena, and Gwalior, alongside eastern districts such as Sidhi, Shahdol, and Satna, face the greatest impact. "These areas recorded reduced monsoon precipitation and elevated temperatures throughout the year," said Dr Poonia. Post-1990 data indicates heightened CDHE occurrence in these zones, with Sidhi experiencing the most severe effects, followed by Shahdol and Satna. The agricultural economy of MP faces particular vulnerability to these combined weather pressures. Researchers employed traditional climate measurements including the Standardised Precipitation Index (SPI) and Standardised Temperature Index (STI), alongside the novel LMFDH metric, revealing increased correlation between temperature extremes and rainfall deficits. Tired of too many ads? go ad free now The researchers advocate implementing Integrated Water Resource Management (IWRM), encompassing rainwater collection, groundwater replenishment, and efficient irrigation techniques. Agricultural adaptations should include drought-resistant crops and agroforestry practices. Additional recommendations include early warning systems and income diversification through alternative activities. The findings emphasise the necessity for immediate policy intervention, particularly in vulnerable districts. Essential support measures include agricultural insurance, financial assistance, and community education programmes. The study suggests that delayed action could seriously impact farming sustainability and rural prosperity.
Business Recorder
a day ago
- Business
- Business Recorder
May CPI-based inflation increases 3.5pc YoY
ISLAMABAD: The Consumer Price Index (CPI)-based inflation increased to 3.5 percent on Year-on-Year basis in May 2025 as compared to 0.3 percent of the previous month and 11.8 percent in May 2024, says the Pakistan Bureau of Statistics (PBS). Average CPI in the country remained at 4.61 percent during the first 10 months (July-May) 2024-25 compared to 24.52 percent during the same period of last fiscal year. On Month-on-Month (MoM) basis, it decreased by 0.2 percent in May 2025 as compared to a decrease of 0.8 percent in the previous month and a decrease of 3.2 percent in May 2024. The CPI inflation Urban increased to 3.5 percent on year-on-year basis in May 2025 as compared to 0.5 percent of the previous month and 14.3 percent in May 2024. On Month-on-Month basis, it increased to 0.1 percent in May 2025 as compared to a decrease of 0.7 percent in the previous and a decrease of 2.8 percent in May 2024. The CPI inflation Rural increased to 3.4 percent on Year-on-Year basis in May 2025 as compared to a decrease of 0.1 in the previous month and 8.2 percent in May 2024. On Month-on-Month basis, it decreased by 0.5 percent in May 2025 as compared to a decrease of 1.0 percent in the previous month and a decrease of 3.9 percent in May 2024. The Sensitive Price Index (SPI) inflation on YoY decreased by 0.6 percent in May 2025 as compared to a decrease of 3.6 percent a month earlier and 15.3 percent in May 2024. On MoM basis, it decreased by 1.0 percent in May 2025 as compared to a decrease of 2.1 percent a month earlier and a decrease of 4.0 percent in May 2024. Wholesale Price Index (WPI) inflation on YoY basis increased to 0.4 percent in May 2025 as compared to a decrease of 2.2 percent in the previous month and 9.9 percent in May 2024. On Month-on-Month basis no change measured in May 2025 as compared to a decrease of 1.3 percent in the previous month and a decrease of 2.5 percent of the corresponding month of last year i.e. May 2024. Measured by non-food non-energy urban slightly decreased to 7.3 percent on YoY basis in May 2025 as compared to 7.4 percent of the previous month and an increase of 12.3 percent in May 2024. On MoM basis, it decreased by 0.4 percent in May 2025 as compared to 1.3 percent measured in the previous month and an increase of 0.4 percent in corresponding month of last year i.e. May 2024. Measured by non-food non-energy rural decreased to 8.8 percent on YoY basis in May 2025 as compared to 9.0 percent of the previous month and an increase of 17.0 percent in May 2024. On MoM basis, it decreased to 0.4 percent in May 2025 as compared to an increase of 0.9 percent measured in the previous month and an increase of 0.5 percent in corresponding month of last year i.e. May 2024. Measured by 20 percent weighted trimmed mean urban increased by 4.9 percent on YoY basis in May 2025 as compared to 3.8 percent of the previous month and 11.0 percent in May 2024. On MoM basis, it increased by 0.1 percent in May 2025 as compared to an increase of 0.3 percent in the previous month and a decrease of 0.5 percent in corresponding month of last year i.e. May 2024. Measured by 20 percent weighted trimmed mean rural increased by 4.7 percent on YoY basis in May 2025 as compared to 3.3 percent of the previous month and 10.6 percent in May 2024. On MoM basis, it decreased by 0.2 percent in May 2025 as to compare a decrease of 0.1 percent in the previous month and a decrease of 0.9 percent in corresponding month of last year i.e. May 2024. Copyright Business Recorder, 2025
Business Wire
a day ago
- Business
- Business Wire
AFYREN: Availability of Preparatory Documents for the Combined General Meeting on June 17, 2025
CLERMONT-FERRAND, France & LYON, France--(BUSINESS WIRE)--Regulatory News: AFYREN (Paris:ALAFY), a greentech company offering industrial customers bio-based, low-carbon products through its unique fermentation technology based on a circular model, today announced its Combined General Meeting will be held Tuesday, June 17, 2025, at 3:30 pm CEST, at the Company's office: Le Silex2 - City, 9 rue des Cuirassiers - 69003 Lyon. The preparatory documents for this General Meeting are available on the Company's website, in the Documentation / General Meetings section. The text of the resolutions was published in the meeting notice, published in the ' Bulletin des Annonces Légales Obligatoires ' (BALO) No. 57 of May 12, 2025. To submit their votes, shareholders may, in accordance with the procedures described in the meeting notice published in the BALO on May 12, 2025: attend the Meeting in person; vote by internet via the secure voting platform VOTACCESS; vote by mail; give proxy to the Chairman of the Meeting or to any other person of their choice. About AFYREN AFYREN is a French greentech company, founded in 2012, focused on providing innovative, sustainable solutions to reduce reliance on fossil-based resources. AFYREN's proprietary, nature-inspired fermentation technology valorizes local biomass from non-food agricultural co-products to produce 100% biobased, low-carbon carboxylic acids. The company's sustainable solutions address decarbonization challenges in a wide variety of strategic sectors, including human and animal nutrition, flavors and fragrances, life sciences, materials science, plus lubricants and technical fluids. AFYREN's competitive, plug-and-play, circular technology enables manufacturers to adopt sustainable solutions without modifying production processes. The company's first industrial plant, AFYREN NEOXY, a joint venture with Bpifrance's SPI fund, is based in the Grand-Est region of France, serving primarily the European market. AFYREN is also pursuing a project in Thailand with a global leader in the sugar industry and is building its presence in the Americas, based on existing distribution agreements. At the end of 2024, AFYREN employed 130 people across sites in Lyon, Clermont-Ferrand and Carling Saint-Avold. Committed to continuous innovation, the company invests 20% of its annual budget in R&D to further develop the range of sustainable solutions. AFYREN is listed on Euronext Growth ® Paris since 2021 (ISIN code: FR0014005AC9, ticker: ALAFY).
Arab News
4 days ago
- Business
- Arab News
Pakistan weekly inflation down by 0.81% as prices of essential items remain largely stable
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), lowered by 0.81% in Pakistan, the country's statistics bureau said this week, as prices of most essential items remained stable. The SPI, which comprises 51 essential items collected from 50 markets in 17 cities, is computed on a weekly basis to assess the price movement of essential commodities at a shorter interval of time to review the price situation in the country. While the SPI for the week ending on May 29 decreased 0.81% on a week-on-week basis, it recorded an increase of 0.41% when compared to the same week last year, according to the Pakistan Bureau of Statistics (PBS). 'During the week, out of 51 items, prices of 14 (27.45%) items increased, 10 (19.61%) items decreased and 27 (52.94%) items remained stable,' the PBS said. A decrease was observed in the prices of electricity charges for Q1 (10.10%), chicken (8.51%), LPG (2.67%), sugar (0.25%), powdered milk (0.20%), vegetable ghee 2.5Kg (0.17%), wheat flour (0.09%), rice (0.07%), garlic (0.05%) and pulse moong (0.01%). The items whose prices increased during the week included tomatoes (4.54%), potatoes (2.94%), eggs (2.19%), onions (2.17%), gur (0.77%), bananas (0.73%), mustard oil (0.34%), pulse mash (0.22%), pulse gram (0.17%), pulse masoor (0.14%) and basmati rice (0.12%). Pakistan's annual inflation rate fell to 0.3% in April, well below the Ministry of Finance estimate of 1.5% to 2%. The central bank forecasts average inflation to be in the range of 5.5% to 7.5% for the fiscal year ending June. Also, the Pakistan Stock Exchange (PSX) recorded a 7.5% gain in May on a month-on-month basis, according to the Karachi-based Topline Securities. 'This gain can be attributed to cut in policy rate by 100bps by SBP,' it said in its monthly review, citing improvement in inflation outlook and approval of first review of Pakistan's $7 billion International Monetary Fund (IMF) program as well as the approval of another $1.4 billion under the IMF's Resilience and Sustainability Facility. 'Average daily traded volume and value during the month stood at 566 million shares and PKR28 billion.'
Express Tribune
4 days ago
- Business
- Express Tribune
Short-term inflation falls 0.81% WoW
Listen to article The Sensitive Price Indicator (SPI) for the week ended May 29, 2025 posted a decline of 0.81%, driven by a notable decrease in electricity charges, chicken and liquefied petroleum gas (LPG) prices. However, on a year-on-year (YoY) basis, the SPI registered a rise of 0.41%, reflecting mixed trends across food, energy and consumer goods. According to data released by the Pakistan Bureau of Statistics (PBS), prices of 10 essential items fell during the week, while 14 items saw an increase and 27 remained stable. The week-on-week (WoW) decrease of 0.81% was primarily driven by several essential items. Notable declines were observed in Q1 electricity charges (-10.10%), chicken (-8.51%), LPG (-2.67%), sugar (-0.25%), milk powder (-0.20%), 2.5kg vegetable ghee (-0.17%), wheat flour (-0.09%), Irri-6/9 rice (-0.07%), garlic (-0.05%) and pulse moong (-0.01%). Conversely, the week saw a price increase in tomatoes (4.54%), potatoes (2.94%), eggs (2.19%), onions (2.17%), gur (0.77%), bananas (0.73%), mustard oil (0.34%), cigarettes (0.25%), pulse mash (0.22%), pulse gram (0.17%), pulse masoor (0.14%) and broken Basmati rice (0.12%). On a YoY basis, the essential items recording a significant price increase included ladies' sandals (55.62%), chicken (32.92%), eggs (32.30%), pulse moong (31.45%), milk powder (23.75%), sugar (21.96%), bananas (21.17%), pulse gram (19.66%), beef (17.51%), LPG (16.30%), 2.5kg vegetable ghee (13.67%) and 1kg vegetable ghee (12.76%).
