BUSINESS
Industrial production rises to eight-month high of 5% in January
The core sector slipped in January, as infrastructure industries' growth declined to 4.6 percent from 4.8 percent in the previous month
BUSINESS
India’s retail inflation eases to 7-month low of 3.61% in February
Food inflation eased below 6 percent for the first time since September 2024
BUSINESS
US was among top 10 importers in half of the 118 countries that exported dairy products in 2023
A third of India’s $567 million of dairy exports were headed to the US in 2023, with most of the exports in butter, ghee and other oils derived from milk. US top trading partner with 12 nations
BUSINESS
Tamil emerges as fourth top Indian language among medical exam test takers, while English slides
While 179,857 people opted for Hindi as the primary language for NEET in 2019, this doubled to 357,908 in 2024. Students opting to take the exam in Tamil went up from 17,101 in 2020 to 36,333 in 2024
BUSINESS
Taxing God: How much do Indian temples earn and when is GST levied?
Vaishno Devi, a rich temple, earned Rs 683 crore in FY24, of which Rs 255 crore came from offerings, which are tax-free, and another Rs 133.3 crore from interest
BUSINESS
Industrial production likely rose to 3.5% in January: MC Poll
The performance follows from an easing of India’s core sector output, which expanded 4.6 percent in January following a 4.8 percent growth in December
BUSINESS
Retail inflation likely declined to a 6-month low of 3.8% in February
The drop is expected to boost the chance of another repo rate cut when the central bank’s monetary policy committee meets in early April. The MPC cut the rate by 25 bps in February
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
