BUSINESS
GST collections rise 6.1% YoY to Rs 1.85 lakh crore in June; slowest pace of growth in four years
In April, gross GST collections had hit an all-time high of Rs 2.37 lakh crore
BUSINESS
Monsoon cheer for northwest, central India; east and northeast face rain deficit
In the northwest region, nine out of the 10 states received normal or above-normal rainfall. Rajasthan, known for its coarse cereal production, got 128% above-average rainfall in June
BUSINESS
Factory activity rises to a 14-month high of 58.4 in June
The quarterly outlook for manufacturing also seems to be better, with the index reading at 58.1 compared with 57.4 in the previous month
BUSINESS
UPI transactions remain over Rs 24 lakh crore in June as well, daily volumes at record high
Daily transaction volumes reached 613 million, up from 602.6 million in May. The pace of growth has moderated, with annual expansion falling to 32.5%, the lowest in over five years
BUSINESS
India reports fiscal surplus in May as RBI delivers another bumper dividend
The RBI dividend stands higher than the Rs 2.56 lakh crore the government had budgeted to receive from the central bank and public sector financial institutions.
BUSINESS
Industrial production dips to nine-month low of 1.2% in May
The decline corresponds with a dip in core sector performance. Core sector growth slumped to a nine-month low of 0.7 percent in May from 1 percent in the previous month
BUSINESS
Slamming the door shut? US has issued fewer family visas to Indians this year
IR5 visa that allows in parents of US citizens declined 11%, while F3 visas, which allow married sons and daughters of US citizens to immigrate along with their spouses and children, fell 41%
BUSINESS
India’s crop output drops, as country relies more on milk, meat and fish gain
Fishing accounted for 7 percent of the country’s output, up from 4.2 percent a decade ago
INDIA
India records current account surplus in Q4, FY25 deficit narrows to 0.6%
India’s current account surplus had inched up to 1.3 percent of the GDP, compared with 1.1 percent deficit in the previous quarter
BUSINESS
Govt to track informal economy quarterly for a clearer GDP picture
Annual Survey of Unincorporated Sector Enterprises (ASUSE) is being planned to be released quarterly instead of the current annual release
BUSINESS
Govt to go beyond roti, kapdaa, makaan, to track item-level data across states in new CPI series
The updated index will offer granular inflation trends by product and region, including rural-urban splits
INDIA
Private sector steps up to power India’s military-industrial rise
FY 25 will be the first time that private sector companies will likely account for nearly a quarter — 23.5% — of India's defence output, once the domain of government-owned firms
BUSINESS
FTA strategy has become more pragmatic, says Planning Minister Rao Inderjit Singh
The adoption of the Multidimensional Poverty Index (MPI) reflects the government's commitment to capturing the broader realities of deprivation beyond income, says Singh
BUSINESS
Early sowing data shows India has much to cheer about this monsoon
Area sown up 10.4 percent compared to the previous year as rainfall situation improves.
BUSINESS
Govt moves to revamp sports framework as it eyes hosting 2036 Olympic Games
National Sports Policy to be announced soon; new governance framework in the works, say sources.
BUSINESS
Relief for India’s banana, solar cell, and meat exports as Middle East balances a fragile ceasefire
Among the biggest beneficiaries are exporters of sheep and bovine meat, with the entire $176 million worth of Indian exports in this category headed to the region in 2024.
BUSINESS
Platform workers may also get life, accident insurance under new social security scheme
The government has already extended health insurance benefits to all gig workers under the Ayushman Bharat programme
BUSINESS
Statistics ministry to take a shot at household income survey again; sets up expert group
The ministry had first attempted to conduct such a survey in 1955, followed by another one in 1958, but did not release the results of the surveys.
BUSINESS
How India is shielding itself from geopolitical ups and downs
A Moneycontrol analysis shows that renewable energy now accounts for 36 percent of total installed capacity—almost double what it was a decade ago
BUSINESS
Govt works to count, secure Indian nationals in Iran amid tensions: sources
As of today, about 10,000–12,000 Indian-origin nationals live in Iran, including workers who are not permanent residents and students, sources said.
BUSINESS
India’s dependence on Middle East has declined over the past decade
Trade between India and the Middle East and North Africa region hasn't seen much progress. It was worth $217 billion in 2013 and grew to $224 billion in 2024. MENA's share in India’s trade has declined from 27% to 19.8%
BUSINESS
India's business activity rises to a 14-month high of 61 in June
The PMI has now recorded an above 59 reading for three months running, higher than 58.7 in the previous quarter
BUSINESS
MC Interview: MoSPI preparing framework for faster data revisions; incorporating AI/ML, says Minister Rao Inderjit Singh
With the overall guidance of NSC and the technological advancements adopted by MoSPI for conducting surveys, the time lag for releasing survey reports has been reduced considerably, said Singh.
BUSINESS
Core sector growth falls to nine-month low of 0.7% in May
A second consecutive month of tariffs in May continued to hurt India’s infrastructure performance
