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
BUSINESS
Capex now top priority for the government: MC Analysis
As capex spends by govt have gone up, education and health have not kept up
BUSINESS
How many Agniveers can states absorb amid 600,000 police vacancies?
States and central police forces recruited nearly a lakh people in 2021. A 10 percent quota for Agniveers in the state police forces, if implemented in earnest, can help plug some of the gap.
TRENDS
MC Daily Monsoon Tracker: 17 states receive normal rainfall, kharif sowing largely unchanged
India received 2.26 percent above normal rainfall as of July 29
BUSINESS
Southern states show the way on growth and poverty reduction
States like Andhra Pradesh, Tamil Nadu and Telangana were more successful in poverty reduction because of growth. While UP, Bihar and Madhya Pradesh made substantial reductions too. While Punjab’s slow per capita income growth between FY16 and FY23, has slowed poverty alleviation
TRENDS
MC Daily Monsoon Tracker: Kharif sowing just 2% higher as rains remain uneven
India received surplus rainfall for a sixth straight day on July 28, IMD data shows, but the spread continues to be uneven
BUSINESS
Flavour of department has changed from enforcement to taxpayer centric: CBDT chairman
Multiple litigations were not leading us anywhere, the procedures have been standardised, the chairman said.
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus increases for fourth straight day
Ten states and union territories are experiencing a rainfall deficit
