BUSINESS
Finance Ministry bats for REITs, e-commerce in August economic review
E-commerce has become a dominant player in India’s service sector growth, says ministry
BUSINESS
Centre’s H2FY25 borrowing at Rs 6.61 lakh crore, in line with Budget target
The government had budgeted Rs 14.01 lakh crore of gross borrowing for FY25 in the Budget presented on July 23
BUSINESS
Capex survey to capture data from companies comprising 80% of the output of sector: MoSPI secretary
The government will start work on the first annual capex survey from October
BUSINESS
MC Analysis | Are Indians working less? Work week comes down to 42.3 hrs from 46.8 hrs in 6 yrs
People in urban Delhi and Dadra and Nagar Haveli and Daman and Diu have a longer work week than rest of the country. Chandigarh is working more than it used to in 2018-19
BUSINESS
City dwellers to splurge Rs 1.85 lakh cr, but top-tier may spend less this festive season: LocalCircles
Comparison of spending trends with the 2022 pan-India survey shows a slowdown in spending at top tier of people looking to spend Rs 50,000 and more
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus below 6% for fifth straight day
Rainfall deficit widens further to 29 percent for the farm state of Punjab and remains a high 28 percent for Bihar
BUSINESS
Formal job creation picks up in the first four months of FY25
New subscriptions to all three social security schemes rose for the first four months, as there was a pickup in job creation
BUSINESS
Targetting $100-billion annual FDI in coming years: DPIIT secretary
Foreign delegations are extremely gung-ho about investing in India, says Amardeep Singh Bhatia, DPIIT secretary
BUSINESS
OECD revises India’s FY25 growth forecast upward to 6.7%
Inflation is also projected to be higher at 4.5 percent compared with 4.3 percent projected in May
BUSINESS
The evolution of Make in India: 2014-2024
Job and export benefits have begun showing over the past three years
BUSINESS
Delhi witnessed highest gains in urban unemployment reduction; AP in salaried job addition
AP, Kerala and Karnataka have done better in adding salaried jobs in urban areas over the last seven years. Rajasthan’s urban unemployment increased, with the share of people in salaried jobs shrinking compared with 2017-18
POLITICS
Can BJP break into Jammu and Kashmir National Conference’s stronghold?
26 seats that go to polls today have traditionally been a stronghold of the JKNC. It had won 40 percent of seats in the region in 2014 and 75 percent in 2008
BUSINESS
ADB retains India's FY25 growth forecast at 7%
The multilateral institution expects inflation to grow faster at 4.7 percent compared with 4.6 percent in its April report
TRENDS
MC Daily Monsoon Tracker: Rain surplus remains above 5% as the monsoon enters last leg
Since June, 27 states have received normal or above-normal rainfall, while nine states are still seeing a shortfall
BUSINESS
Number of million-plus cities to jump 50% in 2024: SBI Research
The number of elderly people is also set to rise, with the elderly population crossing 150 million, an increase of 46 million from 2011
BUSINESS
Moody’s Analytics raises India’s 2024 GDP forecast to 7.1%; economy likely to grow 6.5% in 2025
Moody's lowered india's Inflation forecast to 4.7% for 2024 from 5% projected in June
BUSINESS
Women in salaried jobs in India down to a seven-year low: MC Analysis
The number of women in regular wage/salaried jobs in urban areas fell to the lowest level of 49.4 percent in seven years
BUSINESS
Unemployment rates decline across social and religious groups
Job gains among male scheduled castes, scheduled tribes, and other backward classes outpaced those of their female counterparts between 2017-18 and 2023-24
TRENDS
MC Daily Monsoon Tracker: Kharif sowing rises 0.8%, rainfall surplus dries out to 29-day low
Among the nine states experiencing deficit rainfall, Nagaland and Manipur had 32 percent deficit, followed by Arunachal Pradesh and Bihar at 30 and 28 percent
BUSINESS
Citizens can ask MPs for specific projects, rate and review work
To make it similar to modern apps, people can also rate and review ongoing and completed projects on the portal to give real-time feedback
INDIA
Moody's says India’s debt burden could rise to 99% of GDP by 2030, if...
Private sector solutions, like carbon pricing, could help mitigate costs to sustainable levels
BUSINESS
Unemployment rate unchanged at 3.2% in 2023-24 as female unemployment rises
Labour force participation for both men and women were at a seven-year high
BUSINESS
Want to bring down call drop rate to below 1-1.5%: Telecom Minister Jyotiraditya Scindia
Govt will start with a quarterly monitoring system, followed by monthly monitoring to bring down the call drop rate to below 2 percent and further to 1-1.5 percent, says Scindia
INDIA
5 states accounted for over half of country’s hospitalisations under Ayushman Bharat in 6 years: MC Analysis
The more populous northern states had just 28.8 percent share in overall hospitalisations under the scheme, while southern states had a 46 percent share
