BUSINESS
Core sector grows by 6.3% in May; power, coal, steel record higher output
The slight moderation in core sector growth is likely to be a drag on industrial output, according to experts.
BUSINESS
Fiscal deficit sharply narrows to 3% of target in first two months of fiscal
Centre had set a fiscal deficit target of 5.1% of the GDP in the interim budget, and the government now intends to bring the fiscal deficit down to 4.5% of the GDP by FY26.
BUSINESS
How much do states earn from liquor taxes?
Moneycontrol analysis shows that the average excise duty to own tax revenue ratio for 19 of the largest states and UTs is expected to be 13.7% in FY25
BUSINESS
Budget 2024: How shares of centrally funded schemes in spending kitty have changed
The share of central sector schemes increased to 32.2% in FY24 from 27.4% in FY18
TRENDS
MC Summer Dashboard: These states faced higher power deficit as temperatures soared
The rainfall deficit narrowed to 17.1% as of June 27
TRENDS
MC Daily Monsoon Tracker: Rainfall deficit narrows, reservoir deficit widens
Reservoir levels were down 16.7% from normal as of June 27, compared with 9% in the previous week
BUSINESS
Budget 2024: Do India's richest pay the highest personal income taxes?
Data shows that India's top-bracket income tax rates are lower than in many developed and developing countries
BUSINESS
Budget 2024: Relax I-T exemption limit to Rs 5 lakh under new tax regime, says EY
Suggests doubling of standard deduction limit to Rs 1 lakh
TRENDS
MC Summer Dashboard: No respite from heat for these states
Rainfall deficit widened further to 18.8% on June 26
TRENDS
MC Daily Monsoon Tracker: Rainfall down 33% from normal in 16 states and UTs
Deficit widens for Punjab, Himachal Pradesh, narrows for Uttar Pradesh
BUSINESS
Budget 2024: Infra upgrade, fiscal consolidation likely to stay in focus, says EY
FY25 is likely to be characterised by strong growth of 7-7.5%
BUSINESS
Economic growth momentum stays the course to reach 7.5% in FY25: NCAER
High frequency indicators reveal economy remained resilient in first quarter
BUSINESS
Where are mutual fund investments coming from?
Gandhinagar, Dhanbad grew their AUM the fastest between March 2024 and March 2020
TRENDS
MC Summer Dashboard: High temperatures put pressure on power situation
Punjab and Bihar witnessed heat wave conditions on June 24
BUSINESS
MC Daily Monsoon Tracker: Rainfall deficit widens to 18.6% across India
Eleven of the 36 states and UTs continued to witness over 50% deficiency in rainfall
JOBS
Formal job creation slows in April, says MoSPI
The overall job addition to EPF was 72 percent higher
BUSINESS
India’s external debt ratio falls to 13-year low of 18.7% in FY24
General government debt rose 11.5 percent as of March 2024 compared with the previous year, households and nonprofit institutions serving households declined 16.5 percent.
BUSINESS
Milk expenditure in Indian households: How does Karnataka compare?
Milk and milk products account for the second-highest share of food consumption in India; Karnataka reported the fastest milk inflation in May
BUSINESS
Water shortage may affect India's growth, weigh on credit health: Moody’s Ratings
Global rating agency highlighted that decreases in water supply could affect agricultural supply, leading to higher food inflation
TRENDS
MC Summer Dashboard: No heat wave conditions across India for second consecutive day
No significant change in maximum temperatures very likely over rest parts of the country, says IMD
TRENDS
MC Daily Monsoon Tracker: Eleven states witness normal or above normal rainfall
In 12 states, there was a rainfall deficiency of 50%. Punjab and Haryana continued to witness around 75% decline in rainfall compared to the normal
BUSINESS
India's current account deficit narrows to 0.7% of GDP in FY24; Q4 shows 0.6% surplus
Economists contend there is likely to be some slippage in CAD in FY25 to above 1% levels, but it is likely to stay manageable
BUSINESS
Madhya Pradesh surpasses Punjab in cereal output: Govt data
Telangana has emerged as the fastest-growing major state in terms of cereal output over the past decade
BUSINESS
Govt imposes stock limits on wheat till end of the fiscal
No shortage of wheat in the country, says secretary
