BUSINESS
July Economic Review: Here are the key highlights from the report
The projection of real GDP growth of 6.5-7.0 percent for FY25, made in the Economic Survey for 2023-24, seems appropriate, the Finance Ministry said in the review
BUSINESS
Doubling India-Africa trade by 2030, more economic integration in focus: Govt
Time has come to set up Indian owned economic zones in Africa, said Dammu Ravi, Secretary (economic relations), Ministry of External Affairs.
BUSINESS
India raises a toast as whiskey exports surge 26% to $78.5 million in first half of 2024
The Netherlands, UAE, Ghana have emerged as top importers of Indian whiskey, while the US has become a major buyer of high-end varieties
TRENDS
MC Daily Monsoon Tracker: Number of states facing rain deficit declines to 7
Rainfall has remained in surplus for over a month now; 10 states got rain in excess on August 21
BUSINESS
Private sector activity eases to 3-month low of 60.5 in August, shows HSBC Flash PMI
The HSBC Flash India Composite Output Index remained above the 60-mark, indicating robust growth
BUSINESS
Details of second Household Consumption Survey by the end of the year, says MoSPI
The HCES results also form the basis of revisions in both the Consumer Price Index and the Gross Domestic Product. Moneycontrol had earlier reported that the government will take a call on both indicators by the end of the fiscal.
BUSINESS
Quality of jobs improve, but yet to reach pre-pandemic levels, shows labour force survey
Women’ s share in regular wage or salaried jobs much lower at 54 percent, compared with the pre-pandemic period share of 58.3 percent
TRENDS
MC Daily Monsoon Tracker: Uneven rainfall keeps rise in kharif sowing to only 2%
Rainfall remains in surplus for over a month now
BUSINESS
EPFO adds 1.93 million more members in June; net additions up 8% YoY
The EPFO scheme recorded 1.03 million new employees during this period—an increase of 4% over the previous month
BUSINESS
Participation of marginalised communities in govt officer jobs has increased
The participation of marginalised communities in Grade A jobs has increased over the last decade; a fifth of posts at IAS level remain vacant
BUSINESS
Tariff hikes by telcos likely to fuel FY25 inflation by 10-15 bps
India’s telecom tariffs were raised 10-27 percent by three private telcos in July, after a period of three years. Experts say that telecom tariff hikes will raise FY25 inflation by 10-15 bps
TRENDS
MC Daily Monsoon Tracker: Nearly 40% of India suffer over 10% deficit rainfall
India’s rainfall surplus further narrowed to 3.38 percent as of August 19
BUSINESS
Centre, some states are now more focused on SDGs: RBI Bulletin study
The diversity of SDG topics covered in Budget speeches was the highest in Kerala, Karnataka, Tamil Nadu, and the Union Government.
BUSINESS
Private capex gaining traction, set to rise further in FY25: RBI Bulletin study
Envisaged capex set to increase 54 percent to Rs 2.45 lakh crore in FY25 from Rs 1.59 lakh crore in the previous year
BUSINESS
India's service sector spare capacity in 11-14% range post-pandemic, similar to global norms: RBI bulletin
As per calculations by RBI researchers, India’s spare capacity had declined to a 10-quarter low of 11.3 percent in Q4FY24 compared with 11.7 percent in the previous quarter
BUSINESS
Households expect non-food and food inflation to rise in tandem, see faster rise
Inflation expectations are at the highest level in over a year, and 90 percent households expect prices to rise. Over two-thirds expect them to rise faster than the current rate.
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus slips below 4% for the first time in 17 days
Northern and eastern states continue to face deficient rainfall
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.
