BUSINESS
UK yet to set up negotiating team to resume free trade deal talks with India
India-UK FTA, which has been under deliberations for over two years, could see further hiccups with a new government in the United Kingdom yet to constitute a negotiating team
TRENDS
MC Daily Monsoon Tracker: Kharif sowing shows massive rise in Karnataka, Gujarat, Rajasthan
Karnataka pips MP and Maharashtra to emerge as one of the top pulses producers; replaces UP as the third-largest coarse cereals producer
BUSINESS
Service activity scales a 5-month high of 60.9 in August
Manufacturing activity declined for a second consecutive month to 57.5 in August
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus widens to the season's highest level of 7.8%
Six of the eight states and union territories in the southern region have got excessive rain
BUSINESS
Govt considering to increase limit on Kisan Credit Card loans
Talks are on to also conceptualise a PM-SVANidhi kind of scheme for tenant farmers
BUSINESS
Avocado, dragon fruit imports on the rise as India's appetite for 'luxury foods' grow
Social media trends and rising incomes are seeing more and more Indians consume 'luxury' food products, with imports of avocados, dragon fruits and condiments such a soy sauce seeing a big rise
TRENDS
MC Daily Monsoon Tracker: Kharif sowing up 1.8%, paddy acreage widens nearly 4% on higher rainfall
Rainfall surplus widens to the highest level of 7.55 percent as on September 2
BUSINESS
Outlook positive for India, says S&P Global MI, retains FY25 growth at 6.8%
Private demand showing steady recovery, fixed investment will grow on the back of rising government capex, the agency noted
BUSINESS
Indian economy holds steady as businesses hope festive cheer
GST collections at Rs 1.75 lakh crore in August were 10 percent higher from last year; manufacturing PMI slowed to 57.9 from 58.1 in July, but remained above long-run average of 54
BUSINESS
Over half-a-billion cases await justice in Indian courts: MC Analysis
Nearly 160 million cases have been added since 2011, and 81 million were added only in the last five years. While Supreme Court’s track record in clearing cases pending for over a decade did not change between 2019 and 2024, that for the high courts and lower judiciary only worsened
BUSINESS
Manufacturing activity slows down to 57.5 in August
India's growth slowed down to 6.7% in the first quarter, but GVA grew higher indicating pick up in consumption and investment
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus widens to 7.3% as Andhra, Telangana see 1,000% excess downpour
Rainfall surplus widens to 7.3%, eight states continue to be rainfall deficient
BUSINESS
GST collections at Rs 1.75 lakh crore dip in August, but up 10% from last year
While domestic revenue was up 9.2 percent to Rs 1.25 lakh crore in August, import revenue grew faster at 12.1 percent during the month Rs 49,976 crore compared to the previous year’s figures
BUSINESS
Despite fall India's GDP shows promising signs: Here's what's changed in Q1 in seven charts
Private consumption showed signs of revival and investment remained steady despite government capex slowing down in Q1
BUSINESS
Fiscal deficit at 17.2% of FY25 estimate as of July
Capex utilisation still lower than previous year’s estimate
BUSINESS
GDP growth slows to 5-quarter low of 6.7% in Q1FY25
Growth in line with the 6.8% forecast of a Moneycontrol poll of 13 economists conducted last week. Higher GVA growth and improving prospects to push growth higher. But may also prompt RBI to hold the policy rate at 6.5% for longer
BUSINESS
Core sector growth rises to 6.1% in July
Core sector growth was 5.1% in June
BUSINESS
Drone startups zoom in on India more than UK and China, double in count over 3 years
Top drone startups in India have seen a robust 279% rise in average funding, yet the country trails other nations in funding size
TRENDS
MC Daily Monsoon Tracker: Reservoir levels rise further to 19% above 10-year average
Rainfall surplus widens to a 20-day high of 6.92% above normal
BUSINESS
EAC-PM study explains why West Bengal and Bihar are stuck in low growth cycle
Punjab and West Bengal, which lag behind in national average in real per capita growth, were also the ones that invested the least on capex
BUSINESS
Smart Cities: 9 years on, over 20% of the cities have 25% of the work pending
Among the larger states, Telangana had the lowest completion rate of 60.7 percent, while Jharkhand had 100 percent completion and Odisha and Karnataka had 97 percent completion.
BUSINESS
Fitch affirms India’s rating at 'BBB-' with a stable outlook
Fitch expects Indian economy to expand 7.2 percent in FY25 and projects inflation to cool down to 4.6 percent for the year
BUSINESS
Moody’s raises India’s growth forecast to 7.2% for 2024
Growth estimate for 2025 also raised to 6.6 percent on back of expectations of strong performance of private consumption
BUSINESS
Lakshwadeep tops Jan Dhan account rich list; J&K reports 357% rise in average balance since 2017
The government is looking to expand the scope of the PMJDY scheme to track digital footprint of accounts in a bid to offer additional products and services to its beneficiaries.
