BUSINESS
Why are cheap steel imports a concern for India?
The government imposed countervailing duty of 12-30% on steel imports from China and Vietnam
BUSINESS
Commerce minister Goyal bats for separate non-profit to house Start-up India, BHASKAR portal
Piyush Goyal says the start-up ecosystem has become big enough to accommodate these new portals; moots idea of giving control of company to unicorns
BUSINESS
BHASKAR platform to help start-ups collaborate and compete with each other, says Minister Piyush Goyal
The digital platform brings an important concept of bringing everyone to one platform, and “will bring hope, aspirations, success to kickstart an ambitious revolution, Goyal said
TRENDS
MC Daily Monsoon Tracker: 7 states, union territories remain deficient even as rainfall situation improves
For a fortnight now, India's monsoon rain surplus remains above 7 percent
BUSINESS
Higher import duties on oils effective September 14 to support farmers
India’s import of palm and sunflower oil have increased over 30 percent in volume in the first six months of the year
BUSINESS
Indian companies could get district level data from govt surveys
MoSPI is seeking to revise its sampling design to ensure the availability of district-level data. Additionally, the ministry is engaging with state authorities to release district-level GDP figures.
BUSINESS
Lower crude prices: A boon or a bane?
Lower prices for longer could reduce wholesale inflation and lower nominal growth
BUSINESS
Poll-bound Haryana’s inflation higher, J&K, Maharashtra’s lower than national average
At 6.6 percent, Bihar, which has to hold assembly elections by early 2025, had the highest inflation rate in August among larger states
TRENDS
MC Daily Monsoon Tracker: Reservoir levels stay at 18% above normal as rainfall surplus widens
Reservoir levels are highest in the southern region at 35 percent above normal, northern India has 17 percent deficit
BUSINESS
Lower inflation, manufacturing pick-up split opinions on rate cuts
Opinions vary from a rate cut in October to no cuts in FY25; MPC had kept rates on hold for the ninth consecutive time in August.
BUSINESS
From food to services: Here’s what drove consumer prices in August
Pulses inflation has remained in double digits for fifteen straight months
BUSINESS
India's industrial production rose 4.8% in July
The eight core industries which carry 40 percent weight in the index of industrial production rose 6.1 percent in July compared with 5.1 percent in the previous month.
BUSINESS
Inflation quickens slightly to 3.7% in August as services, food prices rise
The Crisil thali index released earlier this week indicated a pickup in onion and potato prices
INDIA
Stats ministry to start annual capex survey to track private capital spending from this fiscal
Pilot survey of Annual Survey of Service Sector Enterprises being conducted as of now
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus scales season's highest level of 8.3%
Sixteen states in the country receive normal rainfall; eight states remain rainfall-deficient
BUSINESS
Commerce Ministry launches Chat-GPT like platform to aid Indian exporters
Commerce and Industry Minister Piyush Goyal sets version 2.0 target, says Trade Connect e-platform will help scale up trade.
BUSINESS
Trade promotion scheme RoDTEP likely to be extended beyond September: Sources
Decision on extension for interest equalisation scheme yet to be taken
BUSINESS
In Charts: Removing GST on health insurance may hurt Govt, but benefit India
Insurance coverage in India is low compared to the rest of the world and if the Govt forgoes GST on health insurance it might boost coverage
BUSINESS
Pace of job creation in manufacturing sector doubled between FY14 and FY23: MC Analysis
The rate of employment generation in chemical industries — at 4.26 percent per annum — is the fastest growth across the manufacturing sector
TRENDS
MC Daily Monsoon Tracker: 28 states, UTs have got normal or above normal rain this season
Southern and central Indian states have got more rain than average, while some parts of east and northwest remain rain deficient
BUSINESS
Apple Watch prices have outpaced Apple iPhone over last seven years
Apple products still don’t beat inflation, with prices of most products rising slower than the consumer price index
BUSINESS
India’s trade with the UAE is nearing $100 billion
India’s trade with the UAE has risen faster after the signing of CEPA but 65 percent is still oil and jewellery-dependent
TRENDS
MC Daily Monsoon Tracker: Kharif sowing catches up with 5-year average
Sowing has been higher than the previous year. On September 9, kharif acreage was 2.2 percent higher at 109.2 million hectares
TRENDS
MC Daily Monsoon Tracker: Reservoir levels remain 18% above normal on surplus rainfall
Karnataka, Gujarat which have over 20 percent reservoir capacity, have also witnessed significant gains in acreage
