BUSINESS
Core inflation decline may not be such a good thing: Economists
India’s services inflation declined 2.67 percent in June, its lowest level since 2011
BUSINESS
Mineral royalty revenue jumps 32% for states during FY17 to FY22
Odisha and Chhattisgarh have witnessed a 47% surge in revenues from mining
TRENDS
MC Daily Monsoon Tracker: Reservoir levels improve; rainfall surplus increases
Good spell of rain helps bring down reservoir level deficit to 4 percent below normal
BUSINESS
Formal employment picks up in May; new subscribers to EPF, ESIC rise
Subscriptions to the Employees’ State Insurance Scheme, which caters to relatively lower paid employees, jumped 40 percent to 1.7 million
BUSINESS
Labour and skill ministries' spend to double from previous decade
A major boost is expected to go towards skill development, where spending over the next half a decade is expected to 5.2 times higher than what was spent between FY16 and FY24
BUSINESS
Govt focused on becoming a more privatised economy: DIPAM Secretary on PSE policy timeline
Timeline of PSE policy has been moved up. Green initiatives by public companies can lead to IPOs by their subsidiaries if they reach a certain size
BUSINESS
PSU mergers overhyped; HR issues will lead to problems: DIPAM Secretary Tuhin Kanta Pandey
Mergers in the PSU space come with human resource management issues, in many cases, notes Pandey, it could lead to insurmountable problems.
BUSINESS
New real estate tax rules: who gains and who loses?
New real estate tax rules: Of the 20 scenarios analysed by Moneycontrol, taxpayers will face an additional tax burden under the new regime in 14 scenarios, while in 6, homeowners will benefit under the new rules
TRENDS
MC Daily Monsoon Tracker: India stays rainfall surplus for 2nd consecutive day
Rainfall surplus further improves to 1.31% as of July 24
BUSINESS
Data Innovation Lab announced by ministry of statistics and programme implementation to improve stats quality
Guidelines open door for creating sandboxing environment via outsourcing
BUSINESS
GST buoyancy expected to decline, but will stay above one, says CBIC Chairman
The ministry has set a target of increasing GST collections by 11 percent in FY25, against a GDP growth of 10.5 percent.
BUSINESS
Govt employee count rises for first time since FY19, spending per head also on the up
The average pay per government employee is, however, expected to drop, ending eight years of annual increases
BUSINESS
What did India search for on the Budget Day?
Karnataka, Haryana were more interested in knowing about the new tax regime, Andhra searched for gold
TRENDS
MC Daily Monsoon Tracker: India turns back to rainfall surplus after 2 weeks
Seventeen states now face normal rainfall conditions
BUSINESS
Private sector activity rises to three-month high of 61.4 in July: PMI data
Private sector activity had picked up in June from a five-month low of 60.5 in May
BUSINESS
Deficit targets achievable; sustained fiscal consolidation must for upgrades: Rating agencies
Economists have been contending that the government adhering to fiscal path will lead to a ratings upgrade by one of the three global ratings concerned within the next 18-24 months
BUSINESS
Economists laud Budget’s fiscal prudence, say opens path to ratings upgrade
India can fill the vacuum left by China if it emulates the strategy of double digit infra investment
BUSINESS
FM builds on Economic Surveys data approach in Budget
Budget bats for integration of databases
BUSINESS
Amid push for Employment Linked Incentive schemes, PLI allocations double in FY25
Allocations to production linked incentive schemes in FY25 rose to nearly Rs 12,500 crore
BUSINESS
Where is India’s capex going?
Five ministries will corner over 90 percent of capex jump
BUSINESS
Markets are not kind to Budgets: Moneycontrol analysis
A Moneycontrol analysis shows that markets have trended lower after Budget presentation on 13 of the last 18 occasions.
BUSINESS
What government earns and where does it spend?
The reliance on borrowings and other liabilities has also reduced in FY25
BUSINESS
Fiscal prudence continues: Budget 2024 in 10 charts
Fiscal deficit target set at 4.9 percent for FY25, lower than 5.1 percent in the interim budget
BUSINESS
Ratio of defence capex spending climbs a decadal high in FY25, shows Budget data
The government has set an ambitious target to more than triple defence production to Rs 3 lakh crore by FY29 and increase exports to Rs 50,000 crore
