BUSINESS
It’s not cars, but food preparations, carpets and maple syrups from the US that face higher tax from the world: MC analysis
Food preparations were of the highest export value, as it accounting for $1.1 billion of the total US exports worth $7.3 billion. About 37 countries taxed cane or beet sugar more than 60 percent, while tobacco was heavily taxed by 22 countries.
BUSINESS
In a first-of-its-kind survey, government to track how much India spends on travel
Transport as emerged as one of the highest expenditures incurred by Indian households, rising nearly two percentage points since 2011-12
BUSINESS
Donald Trump's first term saw US allies spend more on defence
However, China, Russia and the Arab world spent less during that period. This time, China and EU have already announced bigger defence budgets, two months into Trump's presidency
BUSINESS
India’s prevailing tariffs are consistent with WTO norms: FM Sitharaman
We will keep India’s interest in mind during negotiations with the US, said Sitharaman
BUSINESS
Here's why Trump is wrong about India being a 'tariff abuser'
Just 0.4% of US exports attract 60% or more tariff. India ranks ninth in taxing US goods, behind South Korea, Canada, Mexico and China among others
BUSINESS
US dependence on China for farm exports has more than doubled in 7 years
The US has fewer options as trade tensions with Mexico, Canada, EU are also growing. These countries together had 56 percent share of US farm exports
BUSINESS
FPI sell-off may give a boost to government's capital gains tax collection
Moneycontrol analysis shows that in the recent past, whenever FPIs sold in big amounts, capital gains tax collection has risen
BUSINESS
India’s services activity rises to 59 in February
The performance of the services sector was in contrast to the manufacturing index, which witnessed a decline in activity to a 14-month low of 56.3 in February
BUSINESS
Indians spending on eating out, transport at a decade high amid consumption slump
The share of restaurants and hotels in total consumption spending rose to its highest level in over a decade at 2.3 percent in FY24 compared with 2.1 percent in the previous fiscal
INDIA
Oscar winners and commercial success are growing apart: MC Analysis
Anora, which won the Oscar for the Best Picture Category, collected only $41.3 million at the box office against $1.7 billion earned by Inside Out 2, the biggest grosser of 2024
BUSINESS
Consumption growth recovering, but manufacturing slips in February
India's GDP needs to grow at 7.6 percent in the fourth quarter to achieve a 6.5 percent full-year growth estimate as cited in the second advance estimates. The economy grew at 6.5 percent in the first quarter, 5.6 percent in the second and 6.2 percent during the third quarter of the fiscal.
BUSINESS
State spending on relief from natural disasters has declined during last decade: MC Analysis
In terms of spending, data analysed by Moneycontrol indicated that South India witnessed a worsening of relief spending, while Northeast and Western India has witnessed an improvement over the last decade.
BUSINESS
Manufacturing activity falls to 14-month low of 56.3 in February
The HSBC India Manufacturing Purchasing Managers' Index dipped below the 56.8 average witnessed in the previous quarter
ECONOMY
GDP in charts: Five factors having a bearing on growth in FY25
While agriculture and services sector growth have held steady, manufacturing is set to disappoint, along with capital formation.
BUSINESS
Core sector output eases to 4.6% in January but marks fifth month of rise
India’s industrial growth had declined to a three-month low of 3.2 percent in December compared with 5 percent in the previous month
BUSINESS
Manufacturing continues to dwindle even as economy recovers
At 3.5 percent, factor activity was better than 2.1 percent in the previous quarter but sharply lower from 14 percent growth in the year-ago period
BUSINESS
India’s April-January fiscal deficit widens to Rs 11.7 lakh crore
The capex spending at Rs 7.6 lakh crore was 74.4 percent of the revised estimate of Rs 10.2 lakh crore
BUSINESS
Indian economy grew 6.2% in Q3; FY25 growth pegged at 6.5%
India’s growth has slipped to a near two-year low of 5.4 percent in the second quarter
BUSINESS
Maha Kumbh likely blessed UP's GDP too, as projected in the state budget
The FY26 Budget pegged GDP for the current fiscal (FY25) Rs 72,000 crore higher at Rs 25.71 lakh crore compared with Rs 24.99 lakh crore projected in the FY25 Budget
BUSINESS
Indian economy shows positives despite headwinds: NCAER
The rate of inflation moderating has opened more policy space, says Poonam Gupat, the think tank's director general.
BUSINESS
As ‘reciprocal’ becomes the norm, EU may go beyond whiskey, wine in its push for lower tariffs
96% of India’s imports to the EU attract less than 10% tariffs, while 93% of imports from Indonesia and China attract are taxed at 0-10%
BUSINESS
Indian men are spending less time socialising, more on leisure and mass media
The number of men socialising and participating in community events and religious practices declined to 89.8 percent in 2024 from with 91.4 percent five years ago
BUSINESS
Women spent less time on unpaid domestic work in 2024 compared with 2019
Both men and women spent more time in caregiving services, with women’s share rising much faster to 3.3 percent of total time compared with 2.6 percent in 2019.
BUSINESS
Delhi, Bengaluru lag other metros in property tax collection
The national capital and India’s tech capital's property tax collections were just 0.3 percent of their GDP in 2022-23
