TRENDS
MC Daily Monsoon Tracker: Rainfall surplus narrows to its lowest in 28 days
Number of states facing rainfall deficit increases to nine from seven in the previous week
BUSINESS
Business cycle of south and west India more synchronised with country: RBI study
RBI paper notes that synchronisation has increased owing to common events like weather shocks and changes to global crude oil and commodity prices
BUSINESS
Cash transfer scheme for women can cost 1.7% of GDP to Haryana: MC Analysis
With parties offering freebies, cost of poll promises will be even higher as they provide cylinders for Rs 500, more jobs, higher health cover and guaranteed MSP on more crops
BUSINESS
India’s logistics push: Country to reduce costs to single digit by 2030
India’s standing on the logistics performance index has improved over the past decade but there still some work to be done. Take a look
ECONOMY
'No reply' to surveys jumps 100% in 5 years. Gated, urban communities more averse to respond
Non-response rate is higher for detailed surveys like Household Consumption Expenditure Survey, which are instrumental in determining consumer inflation and GDP statistics
ECONOMY
Stats ministry working on reforms to make data and surveys more robust, says Saurabh Garg
The statistics ministry is dividing surveys into several parts to avoid fatigue, relying on the use of technology, says the secretary
TRENDS
MC Daily Monsoon Tracker: Reservoir levels unchanged at 18% above normal
Rainfall surplus is below 7 percent for the first time in September. Manipur has the highest rainfall deficit among states at 31 percent
BUSINESS
India to be third largest economy by 2030-31; grow 6.7% per annum: S&P Global
Food inflation needs to be curbed by addressing structural bottlenecks and climate risks, the report noted.
BUSINESS
RBI to hold the policy rate in October meeting; 25 bps cut likely in December: MC Poll
Of the 18 economists polled by Moneycontrol, just three predicted the possibility of a 25 bps rate cut in the October meeting of the Monetary Policy Committee
BUSINESS
The relationship between Fed and RBI policies may not be that simple, shows data
RBI and Fed policies have seldom moved in tandem; also, a Moneycontrol poll shows that RBI may wait till December before instituting a rate cut
BUSINESS
MC Daily Monsoon Tracker: Rainfall surplus falls below 7.5% for the first time in 10 days
Kharif sowing remains higher than the normal acreage
BUSINESS
AI an existential tool, needed to improve work outcomes, Piyush Goyal Says
The faster we adopt it to improve the outcome of our work, the better we will do, the minister added
BUSINESS
Govt sets higher MSME lending target of Rs 27.5 lakh crore for FY25
The FY25 target is over 10 percent more than the previous year’s lending
INDIA
Centre finalising details of UPS scheme, will announce launch soon
The government is also considering the suggestions on exit option of NPS Vatsalya, which was launched on September 18
BUSINESS
West Bengal lost its sheen despite being a maritime economy: EAC-PM study
West Bengal has lost the most since FY61 (1960-61) alongside UP, with its share of the national economy declining 4.9 percentage points
BUSINESS
India's dog, cat food imports double in 5 years as more households adopt pets
India's dog food imports surged to $69.8 million in H1 2024, up from $25.5 million in 2019 and $11.2 million in 2015, with volume rising from 6 million kgs in 2015 to 29 million kgs in 2024.
TRENDS
MC Daily Monsoon Tracker: Kharif sowing above five-year average at 109.7 million hectares
Paddy sowing up 2.1 percent from the five-year average at 41 million hectares but pulses down 6.1 percent at 12.8 million hectares
BUSINESS
Southern states have outpaced others post-liberalisation; West Bengal has shrunk in relative per capita terms: EAC-PM study
West Bengal has shrunk despite being a maritime economy, from 7.9 percent of the GDP in FY91 to 5.6 percent in FY24
BUSINESS
India to discuss carbon tariffs, trade barriers with EU at ninth round of FTA talks starting September 23: Commerce ministry
The two sides are expected to discuss rules of origin, non-tariff barriers like sanitary and phytosanitary conditions and trade remedies at the negotiations to be held from September 23-27.
BUSINESS
India can do well by focusing on services, says Commerce Secretary Sunil Barthwal
The government is also targeting to take organic exports to $1 billion by FY26
BUSINESS
India exported drugs and pharma worth $11.9 bn in April-August 2024, makes it the 4th largest category
Drugs and pharmaceutical exports have overtaken gems and jewellery, and chemicals in first five months of the year
POLITICS
What historical data suggests about who could win J&K polls
A Moneycontrol analysis finds that the People’s Democratic Party has won nearly half the seats in elections held between 2002 and 2014
BUSINESS
Trade deficit widens to 10-month high of $29.7 billion in August; commerce secretary says not a concern
exports rose to $34.7 billion in August from $33.89 billion, imports rose to $62.6 billion from $57.5 billion in July
BUSINESS
Government looking East for 12 industrial smart cities, in talks with Singapore, Japan
The government is scouting foreign companies that can set up operations in these smart cities. The focus is on projects that can generate local employment opportunities
