BUSINESS
MC Daily Monsoon Tracker: Rain surplus continues to rises, over 7% now
A fourth of states still remain deficient, while nine have got 'excessive' rain, while one has 'large excess'
BUSINESS
India needs to grow at 8% to achieve $52-trillion economy by 2047: IMF's KV Subramanian
Arvind Panagariya, chairman of the 16th Finance Commission, called for further opening of the economy and privatisation of public sector banks
BUSINESS
India must focus on privatisation of banks, public sector enterprises: 16th Finance Commission chairman Arvind Panagariya
Government needs to get out of cycle of NPAs and recapitalisation, Panagariya said
BUSINESS
Medical insurance was taxed by respective states even prior to GST regime: FM Sitharaman
Finance minister says the ball is in states’ court. The issue came up for discussion in previous meetings
BUSINESS
Rupee may have room to depreciate despite record low; REER data shows overvaluation
However, economists note that even if the rupee is overvalued the RBI may not orchestrate a steep depreciation.
BUSINESS
Short-term pressure on rupee unlikely to affect exports: Experts
The domestic currency's depreciation has been less than what has been seen for competing currencies like the Vietnamese dong and Indonesian rupiah, tempering the country's competitiveness in overseas markets.
TRENDS
Uneven rainfall, low reservoir levels keep rice sowing 25% lower, pulses acreage dips slightly
Major rice-producing states of West Bengal and Bihar, with lowest reservoir levels compared to normal, had a 7.3 percent and 4.8 percent lower rice acreage
TRENDS
MC Daily Monsoon Tracker: Excess downpour in central, south keeps India rainfall surplus
North still struggles with deficient rainfall conditions
BUSINESS
Shattered glass: Broken and bruised, Bangladesh emerges out of an economic mirage
Bangladesh’s economy was set to expand 6.6 percent in FY25, as per IMF
BUSINESS
Thali prices rise in July; tomato prices contribute to higher cost
The cost of vegetarian thali was up 11 percent in July, while a non-vegetarian thali cost 6 percent compared with the previous month
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus rises further to 6.6%
Central and southern Indian states face normal or above normal rainfall
BUSINESS
Bangladesh situation to hurt India’s cotton exports; trade impact not so high
Bangladesh was the top destination for India’s cotton exports in FY24
BUSINESS
More smartphones than cereals: A story of India’s changing exports
Smartphones are within a touching distance of replacing vehicles as one of India’s top exports
BUSINESS
India's service activity eases to 60.3 in July: Survey
Services exports had done better than goods exports in the previous fiscal
TRENDS
MC Daily Monsoon Tracker: Sowing picks up a tad as rainfall situation improves
Twenty-seven states and union territories continue to experience normal and above normal rainfall conditions
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus increases further to 5.7%; nine states face a deficit
Eighteen states face normal rainfall as IMD predicts above normal monsoon in second phase
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus increases further to highest level of 4% since start of monsoon season
Eleven states continue to face deficient rainfall
BUSINESS
Centre starts work on Annual Survey of Industries 2023-24
The Annual Survey Industries helps estimate the number of organised manufacturing establishments in the country and the employment, value added of these enterprises
BUSINESS
Tax defaults in India surge 1000% in 10 years; disputes double
Total revenue demands raised but not recovered soared to Rs 21.3 lakh crore in FY23 against Rs 5.03 lakh crore in FY14
BUSINESS
Rural jobs conundrum: Farm sector employment hits 17-year high in FY23, defying trends
Around 42% of employed Indians work in agriculture, hunting, forestry and fishing. The number of people employed in these sectors rose to 253 million in FY23, according to RBI KLEMS data.
TRENDS
MC Daily Monsoon Tracker: Reservoir levels above normal capacity for the first time this season
The country’s rainfall surplus increased to 3.17 percent on August 1 from 1.79 percent the previous day
BUSINESS
India needs 3i strategy to avoid middle income trap; will take 75 years to reach a quarter of US per capita income: World Bank report
India, China and 106 other countries need investment, innovation and infusion strategy to escape middle income trap, says World Bank report
BUSINESS
Economy momentum continues in July with some mixed signals
GST collections back in double digits, PMI eases. Two wheeler companies perform well, car sales for major auto manufacturers down
BUSINESS
GST collections up 10.3% at Rs 1.82 lakh crore in July
The numbers were higher than the previous month but lower than the GST mop-up in April
