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Economy
India's GDP calculations set for an upgrade as MOSPI sets up panel to revise base year
The Ministry of Statistics and Programme Implementation (MoSPI) has formed a 26-member committee led by Biswantah Goldar to update the base year for national accounts, aiming to align key economic indices with current economic trends. This includes potentially shifting from the current base year of 2011-12 to 2020-21 for indices like the Wholesale Price Index (WPI), Producer Price Index (PPI), and Consumer Price Index (CPI).
EPFO gross new members addition dips 4% to 1.09 crore in 2023-24: MoSPI report
The gross addition of new members was affected due to the pandemic and declined from 1,10,40,683 in 2019-20 to 85,48,898 in 2020-21. It bounced back to 1,08,65,063 in 2021-22.
- Confident of over $800 billion exports in goods, services this fiscal, says Piyush Goyal
- Delhi Airport disaster raises concern over Modi’s building spree
- CCI to tweak fair trade norms soon
- Excess rainfall, untimely sowing likely to hit some kharif crops
- India, US extend digital tax on e-commerce supplies till June 30
- Interest equalisation scheme for exporters extended for 2 months; FIEO disappointed
- India economy likely to sustain high growth trajectory: ITC
- CCI to shortly come out with changes to competition rules
- Fiscal deficit hits 3% of full FY25 target in April-May at Rs 50,615 crore
- India's key infra sectors' growth slows to 6.3% in May
- India's forex reserves rise by $816 million to $653.7 bn as on June 21
- Govt's gross liabilities rise by 3.4 pc to Rs 171.78 lakh crore at March-end: Finance Ministry
- Fiscal deficit hits 3% of full FY25 target in April-May at Rs 50,615 crore
- India's key infra sectors' growth slows to 6.3% in May
- India's forex reserves rise by $816 million to $653.7 bn as on June 21
- Govt's gross liabilities rise by 3.4 pc to Rs 171.78 lakh crore at March-end: Finance Ministry
- India passes anti-money laundering review despite concerns
- RBI Guv Shaktikanta Das emphasises on need to eliminate biases in algorithms
Agriculture
- Excess rainfall, untimely sowing likely to hit some kharif crops
- As FCI buffer swells, exporters demand lifting of curbs on rice
- 80% of marginal farmers in India affected by adverse climatic events: Report
- Bayer partners with Solynta to revolutionise potato farming in India and Kenya
- Vegetables to stay dearer till new crop arrives
Finance
- Fiscal deficit in April-May at 3% of annual target
- Aggregate WMA limit of states/UTs revised upward to Rs 60,118 cr: RBI
- Govt's gross liabilities rise by 3.4 pc to Rs 171.78 lakh crore at March-end: Finance Ministry
- Financial sector strong but RBI watchful of emerging risks, says RBI Governor Das
- Departments advised against blanket approval of Chinese FDI
Foreign Trade
- Confident of $800 billion exports in FY25: Piyush Goyal
- Confident of over $800 billion exports in goods, services this fiscal, says Piyush Goyal
- Exporters' body urges Piyush Goyal to restore IES benefits for all
- India steel, trade ministries in talks over rising Chinese imports
- Pace of coal import growth declines from over 21 pc to below 2.5 pc in last decade: Govt
Indicators
- Maharashtra's economic survey 2023-24: Shinde government spurs robust growth and recovery
- Core infra sectors grow 6.3% in May, maintain 6%-plus expansion for fourth straight month
- India economy likely to sustain high growth trajectory: ITC
- India's key infra sectors' growth slows to 6.3% in May
- India's forex reserves rise by $816 million to $653.7 bn as on June 21
Must Watch
Infrastructure
- Delhi Airport disaster raises concern over Modi’s building spree
- PM GatiShakti: Eight infra projects worth ₹13,000 crore evaluated
- NHAI sets up dedicated cell to review detailed project reports of national highways
- PM Gati Shakti scheme is transforming India's infrastructure: Morgan Stanley
- NHAI InviT head Suresh Goyal to quit
Policy
- India's GDP calculations set for an upgrade as MOSPI sets up panel to revise base year
- Indian economy poised for potentially stable high growth phase, says RBI's monetary policy panel member
- EPFO gross new members addition dips 4% to 1.09 crore in 2023-24: MoSPI report
- Equalisation of interest for MSMEs extended till August 31
- Outlay for export tax remission plans unlikely to change in Budget
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