BUSINESS
Industrial smart cities to be ready by 2027: Commerce and industry minister Piyush Goyal
Industrial cities to create 30-70 million jobs, attract at least Rs 1.5 lakh crore investment
POLITICS
One woman cop for every 5,000 women in West Bengal, Madhya Pradesh in 2022: Govt data
While Andhra Pradesh has made significant gains in past four years in improving women representation in police force, West Bengal’s situation has worsened
BUSINESS
Banks to offer loans to Jan Dhan beneficiaries by tracking digital footprint: DFS secretary to Moneycontrol
The secretary noted that the government was also working towards linking more services with banking.
BUSINESS
10 years on, rural India takes the lead in Jan Dhan accounts; more rural accounts opened post Covid
530 million Indians got Jan Dhan accounts in the last decade. Direct benefit transfers aided the opening of accounts
BUSINESS
World Bank’s new ease of doing business methodology: DPIIT asks ministries to conduct sample evaluation
DPIIT has also asked the ministries to identify areas where the scores could be lower and come up with a plan to address the gaps
TRENDS
MC Daily Monsoon Tracker: Kharif sowing up 1.9% from the previous year
Paddy acreage is 4.3 percent above 2023 levels, while area under pulses is 5.7 percent higher
BUSINESS
India’s digital infrastructure differentiates it from many of its emerging market peers: Moody’s
Moody’s Ratings in a research note has said that India’s infrastructure will help support growth, create jobs and give sectors like consumer goods, transportation a boost.
BUSINESS
Carbon tax best solution to make up for revenue loss from fossil fuel transition, says CSEP study
The government will find it difficult to balance household burden, growth and emission impact by using alternative tax methods to cover for the revenue loss caused the shift away from fossil fuels, says the study
TRENDS
MC Daily Monsoon Tracker: More than half of the states face extreme rainfall conditions
Seven states witnessed deficient rainfall as of August 26, while 12 faced excess rainfall conditions
BUSINESS
Penalty for giving wrong info as statistics ministry releases draft rules
The government has sought public comments on new rules that propose fines for failing to furnish information or giving wrong information for statistical purposes. Earlier, the offence led to criminal proceedings
BUSINESS
Which states bear the highest burden of pension?
In the case of Bihar, pensions accounted for 58 percent of the state's own tax revenue in FY24, while 53.8 percent of Assam's earnings went towards annuity payments.
BUSINESS
India’s growth slowed to a five-quarter low of 6.8% in Q1FY25: MC Poll
Full-year growth projection of 7 percent is lower than the RBI’s estimate of 7.2 percent. Inflation to be contained at 4.5 percent, shows the median of a poll of 13 economists.
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus rises above 5%, but parts of North and East remain in deficit zone
Rainfall has remained in surplus territory for over a month now
BUSINESS
11% return on the pension corpus would mean no additional burden for the government
If returns are below 11.5 percent, burden may increase on the government
BUSINESS
Central government pension spending to rise by double digits in FY26
The government’s pension bill, excluding railways and defence, is expected to be Rs 79,241 crore in the current fiscal
BUSINESS
Unified pension scheme offers benefits of OPS with contributory NPS scheme
The NPS component was around 12 percent of the total pension spending by Centre in FY24
INDIA
Unified pension scheme to add to states pension burden if adopted
States could end up spending 13 percent of their revenues as pensions under the unified pension scheme
BUSINESS
Formal employment declines in June; new EPF, ESIC, NPS subscribers fall
Share of women in new subscriptions to EPF, ESIC rise
BUSINESS
Young and restless? Haryana and Tamil Nadu are the best places to work for you
Karnataka, Kerala and Maharashtra prefer a bit of experience and education in formal work
BUSINESS
MC Daily Monsoon Tracker: Water level of reservoirs steady, 12% above normal
Rainfall has stayed 3% above normal for three consecutive weeks
BUSINESS
Statistics ministry looks to work more closely with states on boosting local-level GDP numbers
While states do release district-wise data, it is usually made available with a time lag and not updated frequently across states
BUSINESS
Reservoir levels to help keep food inflation in check: FinMin's July economic review report
Improving reservoir levels to ensure water adequacy for kharif and rabi sowing
BUSINESS
Inflation outlook positive, says finmin in July economic review
Moderate core inflation and positive monsoon progress to keep inflation contained, the ministry said
BUSINESS
Economy sustained momentum in first four months of FY25: Finance ministry
GST collections in the first four months of FY25 underwent a level shift pushed up by the widening of the tax base and heightened economic activity, the finance ministry has said
