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
BUSINESS
States to play pivotal role in creating robust statistical system: MOSPI Secretary
Greater coordination necessary to meet increasing demand for data
BUSINESS
Industrial production slows down to a five-month low of 4.2% in June
Core industries growth, which accounts for 40 percent weight in the index of industrial production index, had eased to a 20-month low of 4 percent in June
BUSINESS
Retail inflation declines to 3.5% in July, lowest level in nearly five years
India’s retail inflation eases sharply from 5.1% in June 2024
BUSINESS
MC Exclusive: Govt to conduct first ever National Household Travel Survey in 2025
Besides travel, government to conduct a survey on health and tourism as part of its 80th round of surveys
BUSINESS
Quarterly rural jobs data from September, monthly unemployment data likely from January
From quarterly release of unemployment, labour force participation and worker population ratio, India is set to switch to monthly data releases from January onwards.
BUSINESS
Revision in method to calculate CPI, IIP, GDP expected shortly, say sources
India’s economic data indicators could soon have a fresh base year, Moneycontrol learns from sources. The idea is to keep base years for all releases aligned to a single year.
