BUSINESS
Why India needs another National Mission on Edible Oils?
India’s oilseed production has remained muted, leading to higher dependence on imports. Nearly 70 percent of the country’s edible oil demand is met through imports
BUSINESS
Govt looking to align some indicators of India’s BRAP 2024 index with the World Bank’s B-READY index
Moneycontrol had earlier reported that the government had asked states to address the gaps in the B-READY evaluation to improve their ranking in the global index
BUSINESS
Services activity dips to 10-month low of 57.7 in September
Manufacturing activity, too, slowed down during the month to an eight-month low of 56.5, data released earlier this week showed
BUSINESS
New CPI series could track online grocery prices
The Statistics Ministry had written to quick commerce platforms to collect price information on certain grocery items
BUSINESS
Why is the Red Sea vital for India’s changing trade dynamics?
Exports to Europe, the Americas, and North Africa have risen faster than its imports
BUSINESS
10 years of Swachh Bharat: 50% villages turn free of open defecation; Kerala tops, MP gains most in ODF states
Punjab and AP worst ratio of villages with liquid and solid waste management facilities that are also visible clean
BUSINESS
Middle East conflict will have no significant effect on the economy in short term; could spell trouble if war is prolonged: Economists
Forex reserves are expected to protect India from immediate shocks, but escalation of war could impact trade and oil prices.
BUSINESS
Swachh Bharat turns 10: How the cleanliness drive has changed India and the road ahead
Progress on the second phase of the Swachh Bharat mission has been fast, with 95 percent of villages having either a solid or liquid waste management system within two years
BUSINESS
India’s health push during Covid helped bring down share of out-of-pocket spending: Study
Despite the increases, overall health spending remained at 1.82 percent of GDP compared with 1.14 percent a decade ago
BUSINESS
Economy holds steady in first half of FY25; manufacturing shows a hiccup in Q2: Data
GST collections tapered in September to Rs 1.73 lakh crore compared with Rs 1.75 lakh crore in the previous month; PMI slowed to an 8-month low
BUSINESS
GST collections rise 6.5% YoY to Rs 1.73 lakh crore in September
The government had collected Rs 1.62 lakh crore as GST in the same month last year
BUSINESS
Industrial smart cities: UP vies for next EV Hub and Kerala for the next botanical cluster
Industrial smart cities could host specific industry clusters with Agra targetting to attract EVs and Gaya looking at food processing
BUSINESS
Jammu and Kashmir elections: Will BJP hold on to its seats and can the Congress script a comeback?
The counting of votes for the 90-member assembly will be held on October 8
BUSINESS
UPI crosses 500 million daily transactions in September
By value, transactions remain above Rs 20 lakh crore for a fifth month in a row. Transactions grew 31 percent to Rs 20.64 lakh crore from the year-ago period
BUSINESS
Manufacturing activity declines to eight-month low of 56.5 in September
Output in the eight core industries contracted for the first time in nearly four years by 1.8 percent in August
INDIA
India made strides in environmental protection over last two decades: Govt data
Protected area has increased 16 percent over the last two decades (2000-2023) to 1,78,641 square km
BUSINESS
Capex spending of formal manufacturing firms surpassed pre-Covid level in FY23, employment growth at 11-year high
Profits of formal sector manufacturing firms also rose to Rs 9.76 lakh crore in FY23
BUSINESS
Nature of manufacturing employment witnessing a shift: MC Analysis
Four sectors accounted for 90 percent of the 6 million jobs added between FY21 and FY23.
BUSINESS
Core sector output contracts for the first time in nearly four years by 1.8% in August
India’s manufacturing PMI had slumped to a three-month low of 57.5 in August compared with 58.1 in the previous month, as demand had softened
ECONOMY
India’s current account deficit widens to 1.1% at $9.7 billion in Q1FY25
Merchandise imports at $176 billion were higher than $111 billion in exports in the first quarter of the fiscal, as exports had contracted compared with the previous year
BUSINESS
India's fiscal deficit for April-August at Rs 4.35 lakh cr, 27% of full-year target
Borrowing calendar for second year showed that the government is expecting to rake up Rs 6.61 lakh crore, in line with the Budget, in the second half of the year, of which a significant proportion is to come from longer-tenure securities
TRENDS
MC Daily Monsoon Tracker: Heavy rains spell trouble on price front
Central India and some parts of north saw a rise in rainfall activity over the past week even as monsoon has begun to retreat
BUSINESS
Investment under PLI to cross Rs 2 lakh crore soon; to boost employment generation by 26%, says Minister Piyush Goyal
Employment generation is expected to be at 1.2 million from 0.95 million jobs created at present, the minister said
BUSINESS
It pays to be self-employed in Goa, salaried in Chandigarh
Urban India’s gender income gap varied across states. Haryana stood out, with women’s earnings surpassing double the national average. On the other hand, Jharkhand, Odisha and West Bengal had the highest income disparity, with women earning around half of men’s monthly income.
