INDIA
Over 8% of Indian cities witnessed poor air quality in the last week: MC Analysis
Delhi was the worst performer. The national capital was the only city, among the 238 for which data was available, with 'very poor' air quality and an AQI of over 300
BUSINESS
Covid period credit guarantee scheme helped MSME achieve higher net profit margins: RBI study
The net profit margins of MSMEs in clusters that used the emergency credit line guarantee scheme were higher than those that did not
BUSINESS
India’s critical mineral trade is up 10x in ten years: MC Analysis
China leads in these technologies, accounting for a 72.8 percent share in India’s imports of battery packs in FY24, up from 56.3 percent in FY20
BUSINESS
Declining fertility rates are no longer a Southern problem
Dependency ratios are a problem for South India, but Andhra Pradesh performs better than the most on this count. Telangana has lower fertility
INDIA
Delhi one of the worst in terms of AQI in country: MC Analysis
The national capital is among 22 of the 226 Indian cities to witness 100 points worsening in AQI levels since the start of the month
BUSINESS
India pushing for a critical minerals partnership agreement with the US to move closer to FTA status: Piyush Goyal
The US had signed a Critical Minerals Agreement with Japan last year, which was given FTA-like status by department of treasury
BUSINESS
India needs to target high value tourism, says Minister Piyush Goyal
India with all rich art and culture and opportunities to develop tourism has to be made into an international tourist destination, Goyal said
BUSINESS
India will develop and release 6G before anyone else: Commerce and Industry Minister Piyush Goyal
The commerce and industry minister also noted that the country was hoping to become the third largest economy within the next three years
BUSINESS
Rupee has more room to depreciate, will give edge to exports: Vishrut Rana of S&P Global Ratings
The senior economist for the Asia-Pacific region at the ratings agency also noted that India must leverage technology, especially AI, to sustain the growth momentum.
BUSINESS
Business sentiment moderates in 2nd quarter of FY25: NCAER-NSE survey
NCAER-NSE Business Expectations Survey declined to 134.3 compared with 149.8 in the previous quarter and 140.7 in the second quarter of FY24
BUSINESS
Western, southern states' share in direct tax collections rose further in FY24
The country's north, central, and eastern parts have fallen further behind, with the share falling to 25.6 percent in FY24 from 30.5 percent before the pandemic
BUSINESS
Transport, water supply and sanitation gain a higher share in states’ capex spending: NSE study
Share of transport in capital expenditure is likely to be 39 percent in FY25 compared with 30 percent a decade ago, according to NSE data on finances of 21 states
BUSINESS
Why India has a long way to go before achieving the 2030 renewable capacity target
The task would require the government to add nearly 50 GW annually until 2030, almost thrice the annual capacity addition in the post Covid-19 period.
BUSINESS
UK pips China as 4th largest export market for Indian goods, Singapore comes close
Smartphones, drugs, and various pharma products made up most of the exports bound for the UK
BUSINESS
India, Australia looking to expedite trade talks and close negotiations within 2 months
The development follows Commerce and Industry Minister Piyush Goyal’s visit to Australia last month
BUSINESS
Fiscal deficit of 21 states to be higher than Finance Commission limit of 3% in FY25: NSE study
States revenue receipts will likely rise in double digits for a fourth consecutive year
BUSINESS
MSP hikes could push inflation up by 20 bps over a year: Bank of Baroda study
On October 16, the Cabinet announced a 2-7 percent hike in MSP of rabi produce for the season
BUSINESS
Rupee to stay over 84 against the dollar by FY25 end: MC Poll
The rupee slipped below 84 against the dollar for the first time last week on account of a spike in oil prices and equity outflows from India
BUSINESS
Canada’s investments to India rise despite growing tensions, shows data
Capital investments from Canada, majority of which are from pension funds, doubled in the first quarter of 2024 compared with the entire 2023 year
BUSINESS
Trade deficit narrows to 5-month low of $20.8 billion in Sept
Exports declined x.x percent compared with a 9.4 percent decline compared with the previous month.
BUSINESS
Here’s how India’s arms trade has changed over the last 15 years
A Moneycontrol analysis shows that the Biden and Trump administrations have contributed equally to arms exports to India
BUSINESS
High inflation, geopolitical concerns dim probability of December rate cut to 25%: MC Poll
The MC poll of 17 economists found that the policy rate will likely reduce to 6.25 percent by the end of this fiscal, with a more aggressive easing to 5.75 percent by the end of FY26
BUSINESS
Rising tensions may cast a shadow on Canada’s education, tourism sectors: MC Analysis
Trade between India and Canada is minuscule, with Canada’s share in Indian trade declining before tensions began
BUSINESS
India to be relatively unaffected by a protectionist US if Trump wins: Fitch
The global ratings agency noted that trade protectionism in the United States is likely to lead to significantly lower growth in the Asia-Pacific region
