BUSINESS
Participation of marginalised communities in govt officer jobs has increased
The participation of marginalised communities in Grade A jobs has increased over the last decade; a fifth of posts at IAS level remain vacant
BUSINESS
Tariff hikes by telcos likely to fuel FY25 inflation by 10-15 bps
India’s telecom tariffs were raised 10-27 percent by three private telcos in July, after a period of three years. Experts say that telecom tariff hikes will raise FY25 inflation by 10-15 bps
TRENDS
MC Daily Monsoon Tracker: Nearly 40% of India suffer over 10% deficit rainfall
India’s rainfall surplus further narrowed to 3.38 percent as of August 19
BUSINESS
Centre, some states are now more focused on SDGs: RBI Bulletin study
The diversity of SDG topics covered in Budget speeches was the highest in Kerala, Karnataka, Tamil Nadu, and the Union Government.
BUSINESS
Private capex gaining traction, set to rise further in FY25: RBI Bulletin study
Envisaged capex set to increase 54 percent to Rs 2.45 lakh crore in FY25 from Rs 1.59 lakh crore in the previous year
BUSINESS
India's service sector spare capacity in 11-14% range post-pandemic, similar to global norms: RBI bulletin
As per calculations by RBI researchers, India’s spare capacity had declined to a 10-quarter low of 11.3 percent in Q4FY24 compared with 11.7 percent in the previous quarter
BUSINESS
Households expect non-food and food inflation to rise in tandem, see faster rise
Inflation expectations are at the highest level in over a year, and 90 percent households expect prices to rise. Over two-thirds expect them to rise faster than the current rate.
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus slips below 4% for the first time in 17 days
Northern and eastern states continue to face deficient rainfall
BUSINESS
Additional revenue can be raised by simplifying GST rates further, says IMF's Gita Gopinath
Structural reforms need to be a continuous process to become a developed economy
TRENDS
MC Daily Monsoon Tracker: Reservoir levels stay above normal
Northern and eastern regions witness lower reservoir levels compared with normal capacity
BUSINESS
Need to align sustainable development goals with Viksit Bharat 2047 goal: MoSPI secretary
MoSPI conducted consultation to take stock of the SDG targets and sensitise ministries of the developments ahead of the 2025 Comprehensive Review of the SDGs Global Indicator Framework
BUSINESS
Urban unemployment rate declines to 6.6% in Q1FY25: PLFS data
Unemployment rate remained unchanged from the previous year when growth had risen to 8.2 percent
TRENDS
How did the people react to the PM’s Independence Day address?
An analysis of Google searches shows that Kerala more interested in medical seats, North India in secular civil code; organic food a worry for the rich states. Trends also show Bangladesh a concern for neighbouring states and violence against Hindus in Bangladesh a concern for UP and Telangana
BUSINESS
Viksit Bharat dominates PM’s second longest Independence Day address since 2014
The Prime Minister, since his first speech in 2014 has spoken over 93,000 words
BUSINESS
PM’s Independence Day address in ten charts: Road to developed economy
The focus of the address was to set the tone for further reforms.
BUSINESS
From youth, women to developed India, reforms, farmers, PM Modi touches on around 150 unique issues in his 11th I-Day speech
Developed India, youth, women most discussed issues in a nearly two- hour-long speech. The PM also pointed to the situation in Bangladesh, calling for protection of the Hindu community and minorities in the country
BUSINESS
Statistics ministry to take stock of Sustainable Development Goals milestones
India is a member of the Inter-agency and Expert Group on Sustainable Development Goal Indicators until 2025 and hence is part of the 2025 comprehensive review of SDG global indicator framework.
BUSINESS
India seeks review meet with UAE to discuss rules of origin under CEPA
The UAE-India Comprehensive Economic Partnership Agreement entered into force on May 1, 2022.
BUSINESS
ASEAN-India trade agreement review to be held in November in India
Separately, the ninth round of trade agreement negotiations with the EU will also be held in India in September
BUSINESS
Interest equalisation, export subsidy schemes renewal under consideration: Sources
The interest equalisation scheme extension proposal is likely to be decided within the next one or two months
BUSINESS
Independence Day speech: Modi spoke 82,816 words; farmers, poverty topped the list since 2014
The PM mentioned the opposition only once in 2014 — the year he came to power — during his annual address to the nation on the momentous occasion. Will he make an exception in his speech tomorrow?
BUSINESS
India, Russia mull direct rupee-ruble FX rate to boost bilateral trade
The idea involves avoiding pegging the exchange rate with the dollar or any other third currency. However, the official says that in order to establish a direct FX rate, the rupee and ruble would need to trade in the same currency exchange platform for a much larger quantity and for a longer duration while the two sides workout a mutual referencing price.
BUSINESS
India’s trade deficit widens to $23.5 billion in July; exports contract 1.5%
In June, exports had risen 2.6 percent to $35.2 billion, while imports had expanded $5.1 percent to $56.8 billion
BUSINESS
Wholesale inflation eases to 2% in July
The decline in wholesale price index follows the more significant decline in consumer price index below 4 percent for the first time in nearly five years
