BUSINESS
Budget 2024: Middle-class housing scheme to follow interest subvention model
State-run housing finance company HUDCO to be one of the nodal agencies for the scheme
TRENDS
MC Summer Dashboard: Power situation improves, rainfall deficit narrows
Bihar was the only state facing an energy shortage. It is also among the four states with an over 50% rainfall deficit
TRENDS
MC Daily Monsoon Tracker: Rainfall deficit narrows to single digits
Andhra Pradesh, Tamil Nadu are among four states with over 50 percent rainfall surplus
BUSINESS
Economy humming in Q1FY25, shows data
GST mop up 10 percent higher, coal production 10.6 percent higher and manufacturing PMI at 58.2 in the first quarter
BUSINESS
GST collections rise nearly 8% YoY to Rs 1.74 lakh crore in June: Sources
The collections totalled Rs 5.57 lakh crore in the first quarter of the year, averaging Rs 1.86 lakh crore per month, said sources
BUSINESS
UPI transactions value in June stays above Rs 20 lakh crore for the second month running
Average transaction volume higher than the previous month
BUSINESS
7 years of GST: A revenue boost for Centre and States
A data analysis shows that GST has led to increased revenue buoyancy for the centre and states. States have witnessed a jump of nearly 3 percentage points in own tax revenue ratio from pre-GST era. Experts say that GST 2.0 should now focus on further rationalization of rates and removal of input tax credit restrictions
BUSINESS
Manufacturing activity rises to 58.3 in June
Employment levels rise at the fastest pace in over 19 years, as demand pushes new orders and output
BUSINESS
Revised system for GDP estimate to be in place by early 2026
A new base year and methodology of calculation implies that India will be able to track changes in the economy more closely
TRENDS
MC Summer Dashboard: Rain eliminates energy deficit
The rainfall deficit narrowed further to 10.9% as of June 30
TRENDS
MC Daily Monsoon Tracker: Rainfall deficit narrows further to 10.9%
Andhra Pradesh and Tamil Nadu among the four states with a rainfall surplus of over 50%
TRENDS
MC Daily Monsoon Tracker: Rainfall deficit narrows further to 13.8%
Delhi, AP and Tamil Nadu among five states with a rainfall surplus of over 50%
TRENDS
MC Summer Dashboard: Rain spell improves power situation further
The rainfall deficit narrowed further to 13.8% as of June 29
BUSINESS
Govt developing a national indicator to measure extreme poverty
At present, there is no indicator to measure the progress achieved in eradicating extreme poverty, currently defined as people living on less than $1.25 per day.
BUSINESS
Govt sets up committee on GDP base revision
The committee will decide on aligning GDP with other statistics and seasonal adjustment of quarterly accounts
BUSINESS
Need a data portal for finance commission, says 16th Finance Commission Chairman Arvind Panagariya
The Sixteenth Finance Commission will have to make its recommendations till October 2025
BUSINESS
Govt should create an expert group to look at data collection and dissemination: NSC chairman RL Karandikar
The government is looking at systemic improvements on timely publication of data and deployment of IT tools, says Saurabh Garg, MoSPI Secretary
TRENDS
MC Summer Dashboard: Rain spell improves power situation, sowing picks up
The rainfall deficit narrowed further to 14.5% as of June 28
TRENDS
MC Daily Monsoon Tracker: Delhi overturns rainfall deficit in a day
India’s rainfall deficit narrows sharply to 14.5%
BUSINESS
Core sector grows by 6.3% in May; power, coal, steel record higher output
The slight moderation in core sector growth is likely to be a drag on industrial output, according to experts.
BUSINESS
Fiscal deficit sharply narrows to 3% of target in first two months of fiscal
Centre had set a fiscal deficit target of 5.1% of the GDP in the interim budget, and the government now intends to bring the fiscal deficit down to 4.5% of the GDP by FY26.
BUSINESS
How much do states earn from liquor taxes?
Moneycontrol analysis shows that the average excise duty to own tax revenue ratio for 19 of the largest states and UTs is expected to be 13.7% in FY25
BUSINESS
Budget 2024: How shares of centrally funded schemes in spending kitty have changed
The share of central sector schemes increased to 32.2% in FY24 from 27.4% in FY18
TRENDS
MC Summer Dashboard: These states faced higher power deficit as temperatures soared
The rainfall deficit narrowed to 17.1% as of June 27
