TRENDS
MC Daily Monsoon Tracker: Excess downpour in central, south keeps India rainfall surplus
North still struggles with deficient rainfall conditions
BUSINESS
Shattered glass: Broken and bruised, Bangladesh emerges out of an economic mirage
Bangladesh’s economy was set to expand 6.6 percent in FY25, as per IMF
BUSINESS
Thali prices rise in July; tomato prices contribute to higher cost
The cost of vegetarian thali was up 11 percent in July, while a non-vegetarian thali cost 6 percent compared with the previous month
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus rises further to 6.6%
Central and southern Indian states face normal or above normal rainfall
BUSINESS
Bangladesh situation to hurt India’s cotton exports; trade impact not so high
Bangladesh was the top destination for India’s cotton exports in FY24
BUSINESS
More smartphones than cereals: A story of India’s changing exports
Smartphones are within a touching distance of replacing vehicles as one of India’s top exports
BUSINESS
India's service activity eases to 60.3 in July: Survey
Services exports had done better than goods exports in the previous fiscal
TRENDS
MC Daily Monsoon Tracker: Sowing picks up a tad as rainfall situation improves
Twenty-seven states and union territories continue to experience normal and above normal rainfall conditions
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus increases further to 5.7%; nine states face a deficit
Eighteen states face normal rainfall as IMD predicts above normal monsoon in second phase
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus increases further to highest level of 4% since start of monsoon season
Eleven states continue to face deficient rainfall
BUSINESS
Centre starts work on Annual Survey of Industries 2023-24
The Annual Survey Industries helps estimate the number of organised manufacturing establishments in the country and the employment, value added of these enterprises
BUSINESS
Tax defaults in India surge 1000% in 10 years; disputes double
Total revenue demands raised but not recovered soared to Rs 21.3 lakh crore in FY23 against Rs 5.03 lakh crore in FY14
BUSINESS
Rural jobs conundrum: Farm sector employment hits 17-year high in FY23, defying trends
Around 42% of employed Indians work in agriculture, hunting, forestry and fishing. The number of people employed in these sectors rose to 253 million in FY23, according to RBI KLEMS data.
TRENDS
MC Daily Monsoon Tracker: Reservoir levels above normal capacity for the first time this season
The country’s rainfall surplus increased to 3.17 percent on August 1 from 1.79 percent the previous day
BUSINESS
India needs 3i strategy to avoid middle income trap; will take 75 years to reach a quarter of US per capita income: World Bank report
India, China and 106 other countries need investment, innovation and infusion strategy to escape middle income trap, says World Bank report
BUSINESS
Economy momentum continues in July with some mixed signals
GST collections back in double digits, PMI eases. Two wheeler companies perform well, car sales for major auto manufacturers down
BUSINESS
GST collections up 10.3% at Rs 1.82 lakh crore in July
The numbers were higher than the previous month but lower than the GST mop-up in April
TRENDS
MC Daily Monsoon Tracker: Over a fourth of states still rain deficient
Chandigarh and Manipur continue to be the hardest hit, with a deficit of more than over 50 percent
BUSINESS
UPI transaction value stays above Rs 20 lakh crore for 3rd straight month in July
Growth in UPI transactions remains in double digits
BUSINESS
Manufacturing activity eases to 58.1 in July, experts foresee pickup in capex utilisation soon
The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index remained higher than the long-term average
BUSINESS
Core sector output eases to 4% in June; Q1FY25 growth lower at 5.7%
The Economic Survey pegged growth at 6.5-7 percent for FY25
BUSINESS
Fiscal deficit narrows to 8% of the full year estimate in Q1FY25
The government reduced the fiscal deficit target for FY25 to 4.9 percent of the GDP compared with 5.1 percent
BUSINESS
Economic Survey’s 7.9 million non-farm jobs target is easily achievable: MC Analysis
One worry is people switching back to agriculture — in FY23, the farm sector employed more people than it did over the past 17 years
TRENDS
MC Daily Monsoon Tracker: Rainfall deficit hits 10 states, despite India getting surplus downpour for 8 days
India rainfall surplus eases further to 2.04 percent above normal rainfall as of July 30 compared with 2.26 percent the previous day
