Page 22 - Economy
Coal output from captive, commercial mines rises 9.6% to 14.8 mt in July
Coal output from captive and commercial mines rose to 14.78 million tonnes in July, with the government citing higher productivity and improved capacity utilisation.
 "Coal output from captive, commercial mines rises 9.6% to 14.8 mt in July")
Rail freight rises 9% to 141 mt in July on higher coal, iron ore loading
Indian Railways reported strong freight growth in July, supported by higher movement of coal, iron ore, fertilisers and foodgrains, while passenger traffic also increased.
 "Rail freight rises 9% to 141 mt in July on higher coal, iron ore loading")
House panel seeks curbs on NFRA powers, softer audit rules in Bill
Panel recommends a risk-based approach to restrictions on non-audit services and cooling-off norms, while cautioning against expanding NFRA's powers at the cost of ICAI's autonomy
 "House panel seeks curbs on NFRA powers, softer audit rules in Bill")
Rajasthan constitutes task forces to boost exports in key sectors
Aims to improve inter-departmental coordination and ensure regular monitoring of projects
 "Rajasthan constitutes task forces to boost exports in key sectors")
CEA Nageswaran warns 'free' public services come at heavy cost for economy
The CEA pointed out that pricing vital utilities like water at zero leads society to treat them as limitless, invariably resulting in waste and destruction
 "CEA Nageswaran warns 'free' public services come at heavy cost for economy")
SBI, HSBC and ICICI lead India's overseas deposit drive, data shows
The currency had declined to a record low in May but has steadied after the measures were announced in June
 "SBI, HSBC and ICICI lead India's overseas deposit drive, data shows")
Uttar Pradesh logs 53% jump in real estate investment at ₹68,328 crore
This was higher than the capital investments of ₹28,411 crore and ₹44,526 crore in the housing and commercial real estate recorded during calendar years 2023 and 2024 respectively
 "Uttar Pradesh logs 53% jump in real estate investment at ₹68,328 crore")
Pending GST refund claims decline sharply over past two years: Govt
This is significantly lower than 907 claims involving a refund amount of ₹274 crore at the end of FY24; and 374 claims involving a refund amount of ₹246 crore as of FY25
 "Pending GST refund claims decline sharply over past two years: Govt")
Rise in wholesale inflation driven by global commodity, energy costs: Govt
Minister of State for Finance Pankaj Chaudhary said in the Lok Sabha that the government has been actively undertaking a series of measures to control inflation
 "Rise in wholesale inflation driven by global commodity, energy costs: Govt")
Corrosion costs India ₹14.1 trn annually; infra, energy worst-hit: Report
A Nomura Research report estimates that corrosion costs India ₹14.1 trillion annually, adding that better corrosion-management practices could potentially save the economy nearly ₹5 trn every year
 "Corrosion costs India ₹14.1 trn annually; infra, energy worst-hit: Report")
States owe ₹1.74 crore to MGNREGA workers in delay compensation: Govt data
Maharashtra, Punjab and Uttar Pradesh accounted for the bulk of compensation due, while all states and Union territories have moved to the new rural employment framework
 "States owe ₹1.74 crore to MGNREGA workers in delay compensation: Govt data")
Manufacturing PMI falls to 53.5 in July, lowest in nearly 5 years
The HSBC India Manufacturing PMI fell from 54.2 in June to 53.5 in July, as slower growth in new orders, purchasing and employment offset stronger export demand
 "Manufacturing PMI falls to 53.5 in July, lowest in nearly 5 years")
Govt plans to invest $5 bn to strengthen railway connectivity along borders
The spending, set to unfold over the next 18 months, will help build new tracks, platforms and network strengthening across Punjab, West Bengal, Himachal Pradesh, Rajasthan, Assam and several states
 "Govt plans to invest $5 bn to strengthen railway connectivity along borders")
Weekly policy watch: RBI MPC, PMI data, and forex reserves in focus
India's policy calendar this week will be led by the RBI's policy decision, PMI readings and forex reserves data
 "Weekly policy watch: RBI MPC, PMI data, and forex reserves in focus")
Traders bet RBI rate hold, cash boost to steepen India's yield curve
The trade reflects a global trend, with the US yield curve sharply steepening after the Federal Reserve held interest rates steady last week
 "Traders bet RBI rate hold, cash boost to steepen India's yield curve")
CERC proposes transmission charge relief for delayed renewable projects
Several clean energy projects have been stalled in India because of a lack of transmission infrastructure
 "CERC proposes transmission charge relief for delayed renewable projects")
Indian drugmakers in no rush to shift to US despite tariff threat
Indian pharma companies are expanding selectively in the US for complex products while retaining India as their manufacturing base despite Trump's tariff threat
 "Indian drugmakers in no rush to shift to US despite tariff threat")
Minus N-power plans, fresh private investments fell 32% sequentially in Q1
India's fresh investment plans jumped 71% in Q1FY27, but excluding four mega nuclear projects, private investment weakened amid West Asia-related uncertainty
 "Minus N-power plans, fresh private investments fell 32% sequentially in Q1")
BS poll: 'Cautious' MPC may stick to status quo, retain neutral stance
Most economists expect stance to remain 'neutral'
 "BS poll: 'Cautious' MPC may stick to status quo, retain neutral stance")
West Asia, project delays dent highway building in April-May FY27
Down 45% year-on-year to 740 km in April-May FY27
 "West Asia, project delays dent highway building in April-May FY27")