The Things You Should Know

As per the data released by Ministry of Statistics & Programme Implementation. India's retail inflation for the month of February comes down at   6.58  percent (Base 2012 = 100)  from previous month's 7.59 percent.  Food inflation yet again remains in double digits in the month of February. Consumer Food Price Inflation for the month of February is  10.81%  amid higher vegetable and pulse prices. Vegetable inflation stands at  31.61%  and pulses prices rise by  16.61% . Stay tuned for more updates. Feel free to comment. This blog is now on  Telegam . For reports on Economics, Current Affairs and more, subscribe this blog on  Telegam . You may also like to Read:- IIP (Index of Industrial Production) at 2% in January https://politoeconomy.blogspot.com/2020/03/iip-at-2-in-january.html Good Governance Index 2018-19 | Tamil Nadu Tops, Jharkhand Worst https://politoec...

As per the data released by Ministry of Statistic and Program Implementation, t he Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of January 2020 stands at 137.1 , which is  2.0 percent   lower  as compared to the level in the month of January 2019.  The cumulative growth for the period April- January 2019-20  over the corresponding period of the previous year stands at  0.5 percent . The growth rates for the Mining, Manufacturing and Electricity sectors for the month of  January 2020  stand at 4.4  percent ,  1.5 percent  and 3 .3 percent  as compared to  January 2019 . The cumulative growth in these three sectors during April- January 2019-20  over the corresponding period of 2019 has been 1.0 percent, 0.3 percent and 0.9 percent respectively. In terms of industries,  eleven  out of the twenty three industry groups in the manufacturing sector have show...

The MoS ( Personnel, Public Grievances & Pensions ) Dr Jitendra Singh had launched the ‘Good Governance Index’ at an event organized by the Ministry of Personnel, Public Grievances & Pensions, on the occasion of Good Governance Day (December 25). As per the PIB, the Good Governance Index (GGI) is  a uniform tool across States to assess the Status of Governance and impact of various interventions taken up by the State Government and UTs. The objectives of GGI are to provide quantifiable data to compare the state of governance in all states and UTs, enable states and UTs to formulate and implement suitable strategies for improving governance and shift to result oriented approaches and administration. Various principles have been kept in mind while selecting the indicators, i.e. it should be easy to understand & calculate, citizen-centric & result driven, leading to improved results and applicable to all states and UTs, among others.  The GGI takes into consi...

As per the data released by Ministry of Statistic and Program Implementation, t he Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of December 2019 stands at 133.5 , which is  0.3 percent   lower  as compared to the level in the month of December 2018.  The cumulative growth for the period April- December  2019 over the corresponding period of the previous year stands at  0.5 percent . The growth rates for the Mining, Manufacturing and Electricity sectors for the month of December 2019 stand at 5.4  percent ,  -1.2 percent  and  -0.1 percent  as compared to  December  2018. The cumulative growth in these three sectors during April- December  2019 over the corresponding period of 2018 has been 0.6 percent, 0.5 percent and 0.8 percent respectively. In terms of industries, sixteen  out of the twenty three industry groups in the manufacturing sector have shown negati...

The gross GST revenue collected in the month of February, 2020 is  ₹1,05,366  crore  of which CGST is  ₹20,569  crore , SGST is  ₹27,348  crore , IGST is  ₹48,503  crore  (including  ₹20,745  crore  collected on imports) and Cess is  ₹8,947 crore  (including  ₹1,040  crore  collected on imports).  The total number of GSTR 3B Returns filed for the month of January up to 29 th  February, 2020 is  83.53 lakh. The government has settled  ₹22,586  crore to CGST and  ₹16,553  crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of February,2020 is  ₹ 43,155 crore  for CGST and  ₹ 43,901 crore  for the SGST. The GST revenues during the month of February, 2020 from domestic transactions has shown a growth of 12% over the revenue during the ...

Retail inflation touches 6 year high in the month of January as per the data released by Ministry of Statistics & Programme Implementation. India's retail inflation picks up  to  7.59  percent (Base 2012 = 100) in January  from 7.35 percent in December (Final). This is double blow to economy as factory output shrinks to 0.3% and inflation rises to 7.59%. Another blow is, in January rural inflation rises higher than urban inflation. Inflation in rural area rises to  7.73 percent  against previous month's  7.33 percent  and in urban area CPI (Consumer Price Index) stands at  7.39 percent  against previous month's 7.46 percent . Food inflation yet again remains in double digits in the month of January. Consumer Food Price Inflation for the month of January is 13.63% amid higher vegetable and pulse prices. Vegetable inflation stands at 50.19% and pulses prices rise by 16.71% . Stay tuned for more updates...