Page 2 - Himanshi Bhardwaj

20 states utilised just 5.86% of combined budgeted capex in April-May

Twenty states utilised 5.86 per cent of their FY27 capex budgets in April-May, below the year-ago pace, though spending recovered in May after a sluggish April

Welfare bills, rising commitments drag 4 states from surplus to deficit

Karnataka, Telangana, Chhattisgarh, and Bihar saw revenue balances weaken between FY23 and FY25 as spending outpaced receipts: CAG

Mospi proposes framework to assign monetary value to India's coal reserves

The ministry has recommended the OECD methodology for valuing coal reserves, saying it could strengthen natural capital accounting and support evidence-based policymaking

Mospi to launch India's first monthly services output index on July 14

The new monthly indicator will track short-term changes in services-sector output and serve as the counterpart to the Index of Industrial Production

A difficult year: El Niño concerns trigger earnings risk for India Inc

India's southwest monsoon from June 1 to June 23 has been almost 43% below normal, among its worst performances in the last several years

NITI Aayog proposes 'model pharma chapter' for future FTA negotiations

Think tank flags non-tariff barriers as a bigger hurdle than duties for $35.8 bn drug exports

Fabian socialism held India back after 1991 reforms: A Greenspan view

In his 2007 memoir, Alan Greenspan praised India's reforms but argued that lingering socialist policies and bureaucracy were holding back its economic potential

India's core sector growth slows to seven-month low of 0.5% in May

Coal output contracted 9.3 per cent in May, marking a 10-month low, while growth in petroleum refinery products slumped to a 42- month low of -8.7 per cent

Hospital births rise, but medical care before death elusive: Report

While 95.4 per cent of births now take place in hospitals, nearly half of all deaths occur without qualified medical attention, highlighting a gap in end-of-life care

Saibal Chattopadhyay named chairperson of National Statistical Commission

Former IIM Calcutta director succeeds Rajeeva Laxman Karandikar as head of the apex body overseeing India's core statistical activities

18 states overshot fiscal deficit ceiling in FY25, shows CAG report

The CAG's review of state finances showed 18 states exceeded the 3 per cent fiscal deficit ceiling in FY25, while combined state liabilities continued to rise over the decade

New series: Wholesale inflation surged to 3-year high of 9.7% in May

The government also released India's first Producer Price Index under the new series, with producer inflation tracking wholesale prices closely

Unemployment rate in May rose to 11-month high of 5.5%, shows PLFS data

The labour force participation rate fell to an 11-month low in May, while the worker population ratio also declined, indicating softer labour market conditions

Wholesale price index's old base retires today: Here's the story it tells

As India shifts to a new WPI base year, the outgoing series reflects a turbulent period marked by deep deflation, record inflation and sharp fuel price swings

Retail inflation rises to 3.93% in May as food, transport costs increase

Retail inflation accelerated to 3.93 per cent in May, nearing the RBI's target, as higher food and transport costs offset the favourable base effect

States see slower FY27 start, capex utilisation at 1.85% in April

States made a slow start to FY27, with capital expenditure utilisation falling below 2 per cent in April despite higher budgeted infrastructure spending

Gradual progress: India's women gain access, not assets, finds NFHS

NFHS data show sharp gains in financial inclusion, digital access and decision-making, but progress in paid work and property ownership remains comparatively slow

GDP estimate discrepancies will disappear after revisions: Mospi secy

Mospi is overhauling India's statistical system with new indices, AI integration and sharper data tools, aiming for higher accuracy, speed and granularity in economic data

West Asia conflict, El Nino conditions may drag FY27 growth to 6.5%

India's GDP growth is expected to slow to 6.5% in FY27 as oil prices, geopolitical tensions and weak monsoon prospects weigh on economic activity

India can return to over 7% growth path in FY28: CEA V Anantha Nageswaran

West Asia crisis may weigh on FY27 outlook, says Nageswaran