BUSINESS
Additional revenue can be raised by simplifying GST rates further, says IMF's Gita Gopinath
Structural reforms need to be a continuous process to become a developed economy
TRENDS
MC Daily Monsoon Tracker: Reservoir levels stay above normal
Northern and eastern regions witness lower reservoir levels compared with normal capacity
BUSINESS
Need to align sustainable development goals with Viksit Bharat 2047 goal: MoSPI secretary
MoSPI conducted consultation to take stock of the SDG targets and sensitise ministries of the developments ahead of the 2025 Comprehensive Review of the SDGs Global Indicator Framework
BUSINESS
Urban unemployment rate declines to 6.6% in Q1FY25: PLFS data
Unemployment rate remained unchanged from the previous year when growth had risen to 8.2 percent
TRENDS
How did the people react to the PM’s Independence Day address?
An analysis of Google searches shows that Kerala more interested in medical seats, North India in secular civil code; organic food a worry for the rich states. Trends also show Bangladesh a concern for neighbouring states and violence against Hindus in Bangladesh a concern for UP and Telangana
BUSINESS
Viksit Bharat dominates PM’s second longest Independence Day address since 2014
The Prime Minister, since his first speech in 2014 has spoken over 93,000 words
BUSINESS
PM’s Independence Day address in ten charts: Road to developed economy
The focus of the address was to set the tone for further reforms.
BUSINESS
From youth, women to developed India, reforms, farmers, PM Modi touches on around 150 unique issues in his 11th I-Day speech
Developed India, youth, women most discussed issues in a nearly two- hour-long speech. The PM also pointed to the situation in Bangladesh, calling for protection of the Hindu community and minorities in the country
BUSINESS
Statistics ministry to take stock of Sustainable Development Goals milestones
India is a member of the Inter-agency and Expert Group on Sustainable Development Goal Indicators until 2025 and hence is part of the 2025 comprehensive review of SDG global indicator framework.
BUSINESS
India seeks review meet with UAE to discuss rules of origin under CEPA
The UAE-India Comprehensive Economic Partnership Agreement entered into force on May 1, 2022.
BUSINESS
ASEAN-India trade agreement review to be held in November in India
Separately, the ninth round of trade agreement negotiations with the EU will also be held in India in September
BUSINESS
Interest equalisation, export subsidy schemes renewal under consideration: Sources
The interest equalisation scheme extension proposal is likely to be decided within the next one or two months
BUSINESS
Independence Day speech: Modi spoke 82,816 words; farmers, poverty topped the list since 2014
The PM mentioned the opposition only once in 2014 — the year he came to power — during his annual address to the nation on the momentous occasion. Will he make an exception in his speech tomorrow?
BUSINESS
India, Russia mull direct rupee-ruble FX rate to boost bilateral trade
The idea involves avoiding pegging the exchange rate with the dollar or any other third currency. However, the official says that in order to establish a direct FX rate, the rupee and ruble would need to trade in the same currency exchange platform for a much larger quantity and for a longer duration while the two sides workout a mutual referencing price.
BUSINESS
India’s trade deficit widens to $23.5 billion in July; exports contract 1.5%
In June, exports had risen 2.6 percent to $35.2 billion, while imports had expanded $5.1 percent to $56.8 billion
BUSINESS
Wholesale inflation eases to 2% in July
The decline in wholesale price index follows the more significant decline in consumer price index below 4 percent for the first time in nearly five years
BUSINESS
MC Daily Monsoon Tracker: Rainfall surplus level declines, Punjab, Manipur remain most deficient
India’s rainfall surplus declines to 5.5 percent as of August 13
BUSINESS
Govt to release first service sector survey results soon: Sources
In 2019-20, the government had decided to conduct the Annual Survey of Service Sector Enterprises on an annual basis on the lines of the Annual Survey of Industries.
BUSINESS
Govt pushes for eighth economic census amid delay in releasing results of seventh edition
Quality concerns hold up findings of seventh economic census, as many states and UTs are yet to give their approvals
BUSINESS
This inflation is all lemons and mangoes: Prices of only 60 items drop even as CPI declines to 59-month low
In July, the 60 items witnessing a sequential deflation only had a combined weight of 11.2 percent— the lowest in a year. Food and vegetable prices were up.
BUSINESS
MC Daily Monsoon Tracker: Kharif sowing just 1.4% higher, despite surplus rainfall
A fourth of states yet to receive normal rainfall, Manipur and Punjab have highest deficit at over 30%
BUSINESS
Possible to achieve 2030 SDG target of reducing maternal mortality rate: MoSPI report
Maternal mortality rate has more than halved in two decades
BUSINESS
Need more frequent, integrated data; states hold key to growth: CEA Nageswaran
Speaking at a conference organised by the Ministry of Statistics and Programme Implementation, Nageswaran emphasised the role of states in initiating factor market reforms.
BUSINESS
More than meets the eye: Can low inflation, slow output make the case for a rate cut?
Some economists have pushed their forecast for a cut to 2025
