BUSINESS
Govt plans to track R&D, software and ICT spending of formal manufacturing firms
The new approach could help policymakers identify geographic and sectoral trends in innovation spending
BUSINESS
US business activity slows in June, even as the world recovers
India’s composite PMI rose sharply to a 14-month high of 61.0 in June, from 59.3 in May, driven by strong growth in both manufacturing (58.4) and services (60.7).
INDIA
Bihar adds more fat, Kerala more protein to their diets over the last decade
Between 2011–12 and 2023–24, Bihar recorded an increase of 20–30 grams in daily fat consumption — significantly higher than the national average increase of 12–14 grams.
BUSINESS
Government could easily add 35 million more to the workforce by 2027
Stats ministry data shows that formal job market has been tilting towards individuals, nearly 30 million below the age of 25 entered the formal workforce over the past two years
BUSINESS
India’s service activity rises to a 10-month high of 60.4 in June
June also marks the first time this year that services activity crossed 60
INDIA
How India’s diet is changing: More protein, but even more fat
Between 2011–12 and 2023–24, average protein consumption rose marginally by 1–3 grams across rural and urban households. In contrast, fat intake rose steeply—by 12–14 grams per person per day over the same period
BUSINESS
From desert to dairy giant: Rajasthan’s rise in milk production
The desert state has overtaken Uttar Pradesh to become India’s largest milk producer since the pandemic, accounting for 16 percent of the country’s total milk output.
BUSINESS
Niti Aayog withdraws contentious paper on farm trade with US, confirms planning minister
Released in May, the document drew sharp criticism from farmer groups and industry associations
BUSINESS
Indian economy ends first quarter of FY26 on a mixed footing
Consumption shows a slip in June after strong showing in two months, manufacturing picks up on back of strong export orders
BUSINESS
GST collections rise 6.1% YoY to Rs 1.85 lakh crore in June; slowest pace of growth in four years
In April, gross GST collections had hit an all-time high of Rs 2.37 lakh crore
BUSINESS
Monsoon cheer for northwest, central India; east and northeast face rain deficit
In the northwest region, nine out of the 10 states received normal or above-normal rainfall. Rajasthan, known for its coarse cereal production, got 128% above-average rainfall in June
BUSINESS
Factory activity rises to a 14-month high of 58.4 in June
The quarterly outlook for manufacturing also seems to be better, with the index reading at 58.1 compared with 57.4 in the previous month
BUSINESS
UPI transactions remain over Rs 24 lakh crore in June as well, daily volumes at record high
Daily transaction volumes reached 613 million, up from 602.6 million in May. The pace of growth has moderated, with annual expansion falling to 32.5%, the lowest in over five years
BUSINESS
India reports fiscal surplus in May as RBI delivers another bumper dividend
The RBI dividend stands higher than the Rs 2.56 lakh crore the government had budgeted to receive from the central bank and public sector financial institutions.
BUSINESS
Industrial production dips to nine-month low of 1.2% in May
The decline corresponds with a dip in core sector performance. Core sector growth slumped to a nine-month low of 0.7 percent in May from 1 percent in the previous month
BUSINESS
Slamming the door shut? US has issued fewer family visas to Indians this year
IR5 visa that allows in parents of US citizens declined 11%, while F3 visas, which allow married sons and daughters of US citizens to immigrate along with their spouses and children, fell 41%
BUSINESS
India’s crop output drops, as country relies more on milk, meat and fish gain
Fishing accounted for 7 percent of the country’s output, up from 4.2 percent a decade ago
INDIA
India records current account surplus in Q4, FY25 deficit narrows to 0.6%
India’s current account surplus had inched up to 1.3 percent of the GDP, compared with 1.1 percent deficit in the previous quarter
BUSINESS
Govt to track informal economy quarterly for a clearer GDP picture
Annual Survey of Unincorporated Sector Enterprises (ASUSE) is being planned to be released quarterly instead of the current annual release
BUSINESS
Govt to go beyond roti, kapdaa, makaan, to track item-level data across states in new CPI series
The updated index will offer granular inflation trends by product and region, including rural-urban splits
INDIA
Private sector steps up to power India’s military-industrial rise
FY 25 will be the first time that private sector companies will likely account for nearly a quarter — 23.5% — of India's defence output, once the domain of government-owned firms
BUSINESS
FTA strategy has become more pragmatic, says Planning Minister Rao Inderjit Singh
The adoption of the Multidimensional Poverty Index (MPI) reflects the government's commitment to capturing the broader realities of deprivation beyond income, says Singh
BUSINESS
Early sowing data shows India has much to cheer about this monsoon
Area sown up 10.4 percent compared to the previous year as rainfall situation improves.
BUSINESS
Govt moves to revamp sports framework as it eyes hosting 2036 Olympic Games
National Sports Policy to be announced soon; new governance framework in the works, say sources.
