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
BUSINESS
Wholesale inflation falls below 2% for first time in four months in August
India’s wholesale inflation declined to 1.31 percent in August compared with 2.04 percent in the previous month
BUSINESS
Why are cheap steel imports a concern for India?
The government imposed countervailing duty of 12-30% on steel imports from China and Vietnam
BUSINESS
Commerce minister Goyal bats for separate non-profit to house Start-up India, BHASKAR portal
Piyush Goyal says the start-up ecosystem has become big enough to accommodate these new portals; moots idea of giving control of company to unicorns
BUSINESS
BHASKAR platform to help start-ups collaborate and compete with each other, says Minister Piyush Goyal
The digital platform brings an important concept of bringing everyone to one platform, and “will bring hope, aspirations, success to kickstart an ambitious revolution, Goyal said
TRENDS
MC Daily Monsoon Tracker: 7 states, union territories remain deficient even as rainfall situation improves
For a fortnight now, India's monsoon rain surplus remains above 7 percent
BUSINESS
Higher import duties on oils effective September 14 to support farmers
India’s import of palm and sunflower oil have increased over 30 percent in volume in the first six months of the year
BUSINESS
Indian companies could get district level data from govt surveys
MoSPI is seeking to revise its sampling design to ensure the availability of district-level data. Additionally, the ministry is engaging with state authorities to release district-level GDP figures.
BUSINESS
Lower crude prices: A boon or a bane?
Lower prices for longer could reduce wholesale inflation and lower nominal growth
BUSINESS
Poll-bound Haryana’s inflation higher, J&K, Maharashtra’s lower than national average
At 6.6 percent, Bihar, which has to hold assembly elections by early 2025, had the highest inflation rate in August among larger states
TRENDS
MC Daily Monsoon Tracker: Reservoir levels stay at 18% above normal as rainfall surplus widens
Reservoir levels are highest in the southern region at 35 percent above normal, northern India has 17 percent deficit
BUSINESS
Lower inflation, manufacturing pick-up split opinions on rate cuts
Opinions vary from a rate cut in October to no cuts in FY25; MPC had kept rates on hold for the ninth consecutive time in August.
BUSINESS
From food to services: Here’s what drove consumer prices in August
Pulses inflation has remained in double digits for fifteen straight months
BUSINESS
India's industrial production rose 4.8% in July
The eight core industries which carry 40 percent weight in the index of industrial production rose 6.1 percent in July compared with 5.1 percent in the previous month.
BUSINESS
Inflation quickens slightly to 3.7% in August as services, food prices rise
The Crisil thali index released earlier this week indicated a pickup in onion and potato prices
