Page 10 - Himanshi Bhardwaj

Flash PMI eases to 58.5 in September on weak export orders

India's Flash PMI slowed in September as weak export orders hurt manufacturing while domestic demand ahead of festivals offered support, easing price pressures and lifting confidence

India's external debt rose at fastest pace in 7 years in FY25: Report

The dollar-terms growth significantly outpaced the 6.4 per cent uptick recorded in FY24, when external debt had touched $663.8 billion

Centre may meet FY26 fiscal deficit target despite GST overhaul: Fitch

Separately, Bank of Baroda in a report said the impact of GST reforms will be minimal as it accounts for Rs 48,000 crore or only around 0.1-0.2 per cent of the GDP

Cost of veg thali rises to 8-month high of ₹29.1 in August, says Crisil

Crisil said veg thali cost rose to an eight-month high of Rs 29.1 in August due to high tomato prices, while both veg and non-veg thali costs were lower year-on-year

India's CAD could exceed 1% of FY26 GDP as external risks intensify

Economists forecast India's current account deficit (CAD) will exceed 1% in FY26, citing capital outflows, U.S. tariffs, and a widening trade deficit, despite strong services exports and remittances

Unincorporated sector employment down 2% in Q1FY26 on seasonal trend

The number of workers across rural and urban unincorporated enterprises fell to 128.6 million in April-June 2025 from an all-time high of 131.3 million in January-March 2025

Govt spending and exports likely to begin unwinding in Q2, says BMI

BMI said any export front-loading that continued post-June has likely been cut short by the rise in US 'reciprocal' tariffs, first to 25 per cent on July 31, 2025, and then to 50 per cent on August 27

GST rate reforms: Oppn-ruled states call for additional levy for 5 yrs

At a consultative meeting in the capital, ahead of the GST Council's meeting on September 3-4, these states supported the Centre's proposal for rationalisation

BS Infra Summit: Open more sectors to private investment, say experts

Experts warn India's infra push risks delays without better planning, funding models, and PPP reforms to match rapid growth

BS Infra Summit: How lending trends in 2010s created bad loan crisis

The paper notes that the problem was not just weak lending choices; core project risks were built into the model

Artisans, weavers bodies urge Centre to scrap GST on textiles, handicrafts

Artisans and weavers seek zero GST on handlooms and handicrafts citing sectoral distress, while the fertiliser industry urges GST rate cut on inputs and refund of blocked tax credits

Mfg GVA grew 11.9% in 2023-24, shows Annual Survey of Industries data

The top ten industries accounted for 71 per cent of the manufacturing GVA in FY24, with a handful - basic metals, motor vehicles, chemicals, food products and pharmaceuticals - dominating

Corporate fraud in India: A case of the 'trusted insider' dominance

While cybercrime headlines dominate the global conversation around corporate fraud, in India, fraud creeps in through procurement files, travel vouchers, vendor agreements, and unchecked authority

Nudging more states to mandate procurement through GeM, says CEO

In 2024-25, about 10.5 per cent of the total government procurements worth ₹5.42 trillion carried out through the GeM portal were from States

Thali costs fall in July, defying seasonal trends, says Crisil report

Key meal ingredients' prices, however, continued to trend lower from a year ago

Integrating services into production can create more jobs, says CSEP

Services like construction, transport, and distribution play a significant role in supporting job creation in the manufacturing sector, the paper, based on empirical estimates, concluded

India's top 18 states' revenues to grow 7-9% in FY26, says Crisil report

Crisil forecasts 7-9% revenue growth for India's top 18 states in FY26, driven by GST, liquor sales, and Centre support, with slower growth than the 10% decadal average

New elevator code may raise prices by 2-5%: Kone Elevator India MD

Customers can absorb price hikes, he added

EPFO posted record net member addition in May at 2 million, shows data

New subscriber enrolment swelled notably: about 0.94 million fresh employees joined EPFO in May, representing an 11 per cent increase over April

Cost overruns in infra projects may have hit ₹2.89 trillion in June 2025

The combined original cost across all sectors stood at ₹26.86 trillion while the anticipated costs now touch ₹29.75 trillion - an 11 per cent jump