BUSINESS
Industrial smart cities: UP vies for next EV Hub and Kerala for the next botanical cluster
Industrial smart cities could host specific industry clusters with Agra targetting to attract EVs and Gaya looking at food processing
BUSINESS
Jammu and Kashmir elections: Will BJP hold on to its seats and can the Congress script a comeback?
The counting of votes for the 90-member assembly will be held on October 8
BUSINESS
UPI crosses 500 million daily transactions in September
By value, transactions remain above Rs 20 lakh crore for a fifth month in a row. Transactions grew 31 percent to Rs 20.64 lakh crore from the year-ago period
BUSINESS
Manufacturing activity declines to eight-month low of 56.5 in September
Output in the eight core industries contracted for the first time in nearly four years by 1.8 percent in August
INDIA
India made strides in environmental protection over last two decades: Govt data
Protected area has increased 16 percent over the last two decades (2000-2023) to 1,78,641 square km
BUSINESS
Capex spending of formal manufacturing firms surpassed pre-Covid level in FY23, employment growth at 11-year high
Profits of formal sector manufacturing firms also rose to Rs 9.76 lakh crore in FY23
BUSINESS
Nature of manufacturing employment witnessing a shift: MC Analysis
Four sectors accounted for 90 percent of the 6 million jobs added between FY21 and FY23.
BUSINESS
Core sector output contracts for the first time in nearly four years by 1.8% in August
India’s manufacturing PMI had slumped to a three-month low of 57.5 in August compared with 58.1 in the previous month, as demand had softened
ECONOMY
India’s current account deficit widens to 1.1% at $9.7 billion in Q1FY25
Merchandise imports at $176 billion were higher than $111 billion in exports in the first quarter of the fiscal, as exports had contracted compared with the previous year
BUSINESS
India's fiscal deficit for April-August at Rs 4.35 lakh cr, 27% of full-year target
Borrowing calendar for second year showed that the government is expecting to rake up Rs 6.61 lakh crore, in line with the Budget, in the second half of the year, of which a significant proportion is to come from longer-tenure securities
TRENDS
MC Daily Monsoon Tracker: Heavy rains spell trouble on price front
Central India and some parts of north saw a rise in rainfall activity over the past week even as monsoon has begun to retreat
BUSINESS
Investment under PLI to cross Rs 2 lakh crore soon; to boost employment generation by 26%, says Minister Piyush Goyal
Employment generation is expected to be at 1.2 million from 0.95 million jobs created at present, the minister said
BUSINESS
It pays to be self-employed in Goa, salaried in Chandigarh
Urban India’s gender income gap varied across states. Haryana stood out, with women’s earnings surpassing double the national average. On the other hand, Jharkhand, Odisha and West Bengal had the highest income disparity, with women earning around half of men’s monthly income.
BUSINESS
Govt developing roadmap to start work on 100 industrial clusters
The plan is in its initial stages; industrial clusters are expected to help aid job creation.
BUSINESS
MC Analysis | Divorce turns more frequent, flattens rural-urban divide: Survey
Divorce rates are on the rise in urban and rural India as divorces become more common than they were seven years ago
BUSINESS
MC Daily Monsoon Tracker: Reservoir levels remain at 13% above normal as India stays rainfall surplus
Punjab, Himachal Pradesh, Nagaland and Bihar are the only states with lower water capacity compared with normal reservoir levels
BUSINESS
India climbs one spot to rank 39 in Global Innovation Index 2024 rankings
India secured the top position among lower middle-income countries.
BUSINESS
Nearly half of India's population will reside in areas prone to flooding: Moody's
622 million people or 44 percent of the population in India will be prone to inland flooding, another 48 million were prone to coastal flooding.
BUSINESS
Rural-urban, male-female income inequality rose in 2023-24: PLFS data
In 2023-24, income for the salaried class was 44.2 percent higher compared with rural areas, while the difference was just 36.2 percent for urban areas
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
