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1) India's services PMI hits a year's high in July on new business orders
Services sector activities in July not only returned to growth territory from contraction in the previous month but expanded to a 12-month high on new business orders, showed the widely-tracked Nikkei purchasing managers’ index (PMI).
PMI rose to 53.8 in July from 49.6 in June. In PMI parlance, a print above 50 means expansion while a score below that denotes contraction. (Read more here)
2) Sector-specific steps to tackle slump on cards, says Nirmala Sitharaman
As the government looks for ways to tackle the
