INDIA
Lucky strike: Kerala, Punjab see a rise in lottery revenues over past decade
Kerala is expected to earn Rs 13,244 crore from lottery sales compared with Rs 235 crore for Punjab in FY25
INDIA
Yamuna clean up: Delhi's budget allocation to water and sewage is half of that of Mumbai
While Delhi spends nearly 0.8 percent of the GDP on water supply and sewage, Mumbai spends double that at 1.7 percent.
INDIA
More Indian migrants turn to New Zealand after pandemic, investment route finds favour
The share of Indians in total accepted applications for residency in New Zealand has increased after the pandemic. Around 17 percent of total accepted residence applicants in New Zealand were Indians until 2019, a share that rose to 28.2 percent in 2024.
BUSINESS
AAP lost the plot in women, Purvanchali and Jat dominated areas
The party, which ruled Delhi for over 10 years, could maintain its hold in SC and Muslim dominated seats
ECONOMY
Nearly $1 billion of Indian exports at risk as Trump plans tariff on steel, aluminium imports
In the eleven months of 2024, Indian aluminum exports to the US at $777 billion were 11.5 percent of the country’s total exports of $6.7 trillion in 2023
BUSINESS
BJP government in Delhi will need to find another Rs 13,000 crore to fund its welfare promises
The amount will be in addition to the Rs 11,000 crore that the outgoing AAP government spends on electricity and other subsidies, which the BJP has promised to continue. The city's subsidy bill will rise to nearly 30% of its budget
BUSINESS
Common ground between Centre, states still elusive on GST rationalisation agenda
While the Centre is keen on doing away with the 12% GST slab, states on the rate rationalisation panel have, so far, only moved items between the existing rates, government sources said.
INDIA
Could a 'united' INDIA bloc have performed better against BJP in Delhi? Here's what MC analysis shows
MC Analysis shows that in 14 seats won by the BJP, Congress and Aam Aadmi Party combined had higher votes, but two plus two rarely makes four in Indian politics
INDIA
How India's electoral map has changed over the last six years?
As of 3 pm, results from Delhi polls indicate that BJP was winning in 47 of 70 seats, as it returns to power in the National Capital after 27 years
INDIA
Mahila, Muslim and Sikh vote necessary for AAP to retain Delhi: MC Analysis
The Aam Aadmi Party performed better in these three constituencies in terms of vote share in 2020 than in the previous election
BUSINESS
RBI rate cut, coupled with income tax relief to boost consumption and investment, say economists
Reserve Bank of India’s decision to cut policy rate by 25 bps, coupled with income tax relief delivered in the Union Budget should help boost consumption, experts believe.
BUSINESS
Reducing survey delays a priority, says Stats Minister Rao Inderjit Singh
Highlighting the ministry’s ongoing efforts, Singh announced that the government will soon introduce new surveys on health, telecommunications, and tourism.
BUSINESS
MC Analysis: Inflation stayed at 4% in just 13 of 102 months since MPC's inception
In the 57 months since Covid first hit India, prices have gone below 4 percent only twice in 57 months
BUSINESS
Economists hopeful of an easing cycle after RBI’s first rate cut in five years
Crisil's Chief Economist has projected that the CPI inflation may decline to 4.4 percent in FY26, supported by a healthy kharif and rabi crop. He anticipates another 75–100 basis points in rate cuts by RBI next fiscal.
BUSINESS
Stats ministry to release unemployment data from April: Secretary Saurabh Garg
Results of the Time Use Survey, which tracks time spent on unpaid labour, to be announced within next few weeks
BUSINESS
US tariff war and EU CBAM could affect 10% of global trade: MC Analysis
The US alone could affect 6 percent of global trade owing to its unilateral measures against the BRICS grouping, Canada and Mexico
BUSINESS
Rs 15.4 lakh crore stuck in tax disputes, up 50% since FY20: MC Analysis
A fifth of cases have been lingering for more than over 5 years. While income tax accounted for 81 percent of the amount under dispute in FY15, its share increased to 86.8 percent in FY24
BUSINESS
Life insurers oppose GST exemption on term insurance, flag input tax credit concerns
Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be passed on to the consumers, negating the intended benefit of exemption
BUSINESS
Maximum government: Government workforce set for record growth, salaries to rise sharply by 2026
While employee strength in 2023 had declined to its lowest level of 3.17 million, 2024 witnessed an addition of 0.14 million more employees or 4.4 percent of the workforce
BUSINESS
India’s coffee exports crossed $1 billion in 2024; Italy the top destination
2024 also marked the first year since 2012, when coffee exports had jumped over 50 percent, according to the analysis of data from the Ministry of Commerce
BUSINESS
GST receipts growth to stay above nominal growth over the next few years: CBIC chairman
GST collections growth for FY26 is estimated at 10.9 percent in the budget, similar to the previous fiscal.
BUSINESS
India has corrected bad optics on high tariffs, travelled towards ASEAN average: CBIC Chairman
This entire exercise has resulted in a loss of Rs 1,900 crore, says Sanjay Kumar Agarwal, Chairman, Central Board of Indirect Taxes and Customs
BUSINESS
CBIC to digitise customs refund process within a month: Chairman Sanjay Agarwal
While most customs processes have already transitioned to digital platforms, the refund process remains manual.
BUSINESS
India’s service activity declines to 26-month low of 56.5 in January
December marks the first time in four months that the HSBC India Services Business Activity Index slipped below the 58 mark
