BUSINESS
18 major states to see up to 10% jump in revenue in FY25: Crisil
Indian states’ revenue grew 7.5 percent in the previous fiscal
BUSINESS
Service activity rises to 60.5 in June on spate of fresh orders, growth in overseas sales
The 400 services firms surveyed for the index noted a further rise in export orders, with growth coming from Asia, Australia, Europe, Latin America, the Middle East and the US
BUSINESS
Budget 2024: Health spending remains unchanged at 0.3% over a decade
Health capex has also remained unchanged, averaging 3.7 percent between FY22 and FY24. This year, however, capex in health is expected to see an increase.
TRENDS
MC Daily Monsoon Tracker: These ten states are facing excess rainfall
Rainfall deficit further narrowed to 4.6% on July 2
TRENDS
MC Summer Dashboard: Power situation improves, rainfall deficit falls below 5%
India’s energy shortage remains below 1 million units
BUSINESS
India’s debt high, but sustainable, NCAER Director General Poonam Gupta says
Debt levels of states are expected to increase further, but will remain sustainable.
BUSINESS
Opening up trade while fixing domestic policy still best option for countries, says 16th FC chairman Arvind Panagariya
If India wants to do China plus one, it should double down on trade and investment reforms, says World Bank South Asia VP
BUSINESS
MC Analysis: MP, Maharashtra biggest GST gainers in post-Covid period
Share of states’ own tax revenues in overall tax revenues increased to 65.4 percent in the post-Covid period from 62.8% between FY16 and FY17, says RBI study
BUSINESS
Budget 2024: Middle-class housing scheme to follow interest subvention model
State-run housing finance company HUDCO to be one of the nodal agencies for the scheme
TRENDS
MC Summer Dashboard: Power situation improves, rainfall deficit narrows
Bihar was the only state facing an energy shortage. It is also among the four states with an over 50% rainfall deficit
TRENDS
MC Daily Monsoon Tracker: Rainfall deficit narrows to single digits
Andhra Pradesh, Tamil Nadu are among four states with over 50 percent rainfall surplus
BUSINESS
Economy humming in Q1FY25, shows data
GST mop up 10 percent higher, coal production 10.6 percent higher and manufacturing PMI at 58.2 in the first quarter
BUSINESS
GST collections rise nearly 8% YoY to Rs 1.74 lakh crore in June: Sources
The collections totalled Rs 5.57 lakh crore in the first quarter of the year, averaging Rs 1.86 lakh crore per month, said sources
BUSINESS
UPI transactions value in June stays above Rs 20 lakh crore for the second month running
Average transaction volume higher than the previous month
BUSINESS
7 years of GST: A revenue boost for Centre and States
A data analysis shows that GST has led to increased revenue buoyancy for the centre and states. States have witnessed a jump of nearly 3 percentage points in own tax revenue ratio from pre-GST era. Experts say that GST 2.0 should now focus on further rationalization of rates and removal of input tax credit restrictions
BUSINESS
Manufacturing activity rises to 58.3 in June
Employment levels rise at the fastest pace in over 19 years, as demand pushes new orders and output
BUSINESS
Revised system for GDP estimate to be in place by early 2026
A new base year and methodology of calculation implies that India will be able to track changes in the economy more closely
TRENDS
MC Summer Dashboard: Rain eliminates energy deficit
The rainfall deficit narrowed further to 10.9% as of June 30
TRENDS
MC Daily Monsoon Tracker: Rainfall deficit narrows further to 10.9%
Andhra Pradesh and Tamil Nadu among the four states with a rainfall surplus of over 50%
TRENDS
MC Daily Monsoon Tracker: Rainfall deficit narrows further to 13.8%
Delhi, AP and Tamil Nadu among five states with a rainfall surplus of over 50%
TRENDS
MC Summer Dashboard: Rain spell improves power situation further
The rainfall deficit narrowed further to 13.8% as of June 29
BUSINESS
Govt developing a national indicator to measure extreme poverty
At present, there is no indicator to measure the progress achieved in eradicating extreme poverty, currently defined as people living on less than $1.25 per day.
BUSINESS
Govt sets up committee on GDP base revision
The committee will decide on aligning GDP with other statistics and seasonal adjustment of quarterly accounts
BUSINESS
Need a data portal for finance commission, says 16th Finance Commission Chairman Arvind Panagariya
The Sixteenth Finance Commission will have to make its recommendations till October 2025
