INDIA
Moody's says India’s debt burden could rise to 99% of GDP by 2030, if...
Private sector solutions, like carbon pricing, could help mitigate costs to sustainable levels
BUSINESS
Unemployment rate unchanged at 3.2% in 2023-24 as female unemployment rises
Labour force participation for both men and women were at a seven-year high
BUSINESS
Want to bring down call drop rate to below 1-1.5%: Telecom Minister Jyotiraditya Scindia
Govt will start with a quarterly monitoring system, followed by monthly monitoring to bring down the call drop rate to below 2 percent and further to 1-1.5 percent, says Scindia
INDIA
5 states accounted for over half of country’s hospitalisations under Ayushman Bharat in 6 years: MC Analysis
The more populous northern states had just 28.8 percent share in overall hospitalisations under the scheme, while southern states had a 46 percent share
BUSINESS
Ayushman Bharat turns 6: How Modi's flagship scheme changed the healthcare landscape?
A Moneycontrol analysis shows that less populated states like Tamil Nadu and Karnataka accounted for 26.5 percent of the total hospitalisation. In comparison, states like UP and Bihar had a 6.1 percent share of hospitalisations
BUSINESS
Private sector activity slows down to 9-month low of 59.3 in Sept
Both manufacturing and services had held steady in the first quarter, with manufacturing recording a growth of 7 percent in Q1FY25 compared with 5 percent in the previous year
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus narrows to its lowest in 28 days
Number of states facing rainfall deficit increases to nine from seven in the previous week
BUSINESS
Business cycle of south and west India more synchronised with country: RBI study
RBI paper notes that synchronisation has increased owing to common events like weather shocks and changes to global crude oil and commodity prices
BUSINESS
Cash transfer scheme for women can cost 1.7% of GDP to Haryana: MC Analysis
With parties offering freebies, cost of poll promises will be even higher as they provide cylinders for Rs 500, more jobs, higher health cover and guaranteed MSP on more crops
BUSINESS
India’s logistics push: Country to reduce costs to single digit by 2030
India’s standing on the logistics performance index has improved over the past decade but there still some work to be done. Take a look
ECONOMY
'No reply' to surveys jumps 100% in 5 years. Gated, urban communities more averse to respond
Non-response rate is higher for detailed surveys like Household Consumption Expenditure Survey, which are instrumental in determining consumer inflation and GDP statistics
ECONOMY
Stats ministry working on reforms to make data and surveys more robust, says Saurabh Garg
The statistics ministry is dividing surveys into several parts to avoid fatigue, relying on the use of technology, says the secretary
TRENDS
MC Daily Monsoon Tracker: Reservoir levels unchanged at 18% above normal
Rainfall surplus is below 7 percent for the first time in September. Manipur has the highest rainfall deficit among states at 31 percent
BUSINESS
India to be third largest economy by 2030-31; grow 6.7% per annum: S&P Global
Food inflation needs to be curbed by addressing structural bottlenecks and climate risks, the report noted.
BUSINESS
RBI to hold the policy rate in October meeting; 25 bps cut likely in December: MC Poll
Of the 18 economists polled by Moneycontrol, just three predicted the possibility of a 25 bps rate cut in the October meeting of the Monetary Policy Committee
BUSINESS
The relationship between Fed and RBI policies may not be that simple, shows data
RBI and Fed policies have seldom moved in tandem; also, a Moneycontrol poll shows that RBI may wait till December before instituting a rate cut
BUSINESS
MC Daily Monsoon Tracker: Rainfall surplus falls below 7.5% for the first time in 10 days
Kharif sowing remains higher than the normal acreage
BUSINESS
AI an existential tool, needed to improve work outcomes, Piyush Goyal Says
The faster we adopt it to improve the outcome of our work, the better we will do, the minister added
BUSINESS
Govt sets higher MSME lending target of Rs 27.5 lakh crore for FY25
The FY25 target is over 10 percent more than the previous year’s lending
INDIA
Centre finalising details of UPS scheme, will announce launch soon
The government is also considering the suggestions on exit option of NPS Vatsalya, which was launched on September 18
BUSINESS
West Bengal lost its sheen despite being a maritime economy: EAC-PM study
West Bengal has lost the most since FY61 (1960-61) alongside UP, with its share of the national economy declining 4.9 percentage points
BUSINESS
India's dog, cat food imports double in 5 years as more households adopt pets
India's dog food imports surged to $69.8 million in H1 2024, up from $25.5 million in 2019 and $11.2 million in 2015, with volume rising from 6 million kgs in 2015 to 29 million kgs in 2024.
TRENDS
MC Daily Monsoon Tracker: Kharif sowing above five-year average at 109.7 million hectares
Paddy sowing up 2.1 percent from the five-year average at 41 million hectares but pulses down 6.1 percent at 12.8 million hectares
BUSINESS
Southern states have outpaced others post-liberalisation; West Bengal has shrunk in relative per capita terms: EAC-PM study
West Bengal has shrunk despite being a maritime economy, from 7.9 percent of the GDP in FY91 to 5.6 percent in FY24
