The Things You Should Know

  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 August 2020 stands at 116.1 , which is   8.0 percent   lower  as compared to the level in the month of August 2019.  The cumulative growth for the period April-August  2020-21  over the corresponding period of the previous year stands at  -25.0  percent .  The growth rates for the Mining, Manufacturing and Electricity sectors for the month of August  2020  stand at  -9.8  percent ,  -8.6  percent  and  -1.8  percent  as compared to August   2019 . The cumulative growth in these three sectors during April-August   2020-21  over the corresponding period of previous year has been  -18.2 percent ,  -27.9  percent  and  -10.4 percent  respectively. As per Use-based classificat...

  As per the data released by Ministry of Statistics & Programme Implementation. India's retail inflation for the month of September rises to   7.34 percent (Base 2012 = 100)  from previous month's 6.69 percent.  Inflation in rural area is recorded at  7.43  percent  against previous month's  6.6 6 percent   and in urban area CPI (Consumer Price Index) is recorded at  7.26 percent  against previous month's  6.80 percent . Food inflation has recorded double digit growth in both rural and urban areas (10.68%) . Vegetable prices have recorded significant rise (20.73%) . 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: Core Industries Output Declined by 8.5% in August http://politoeconomy.blogspot.com/2020/10/core-industries-output-declined-by-85.html GST Gross Revenue ...

  Ministry of Commerce & Industry released the performance of eight core industries (Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement & Electricity) which  comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP) . The growth rate of Index of Eight Core Industries for August 2020  declined by   8.5 %   (provisional) compared to decline of 8.0 percent (provisional) previous month of July 2020.Its cumulative growth during the months of April-August, 2020-21 was  -17.8%. Coal -  Coal production increased by 3.6 per cent in August, 2020 over August, 2019. Its cumulative index declined by 10.2 per cent during April to August, 2020-21 over corresponding period of the previous year. Crude Oil -  Crude Oil production declined by 6.3 per cent in August, 2020 over August, 2019. Its cumulative index declined by 6.1 per cent during April to August, 2020-21 over the corresponding per...

  Ministry of Finance has released the data of gross GST revenue collection for the month of September on 1st October.  The gross GST revenue collected in the month of  September , 2020 is  ₹ 95,480  crore  of which CGST is  ₹ 17,741  crore , SGST is  ₹ 23,131  crore , IGST is  ₹ 47,484  crore  (including  ₹ 22,442  crore  collected on import of goods) and Cess is  ₹7,124 crore  (including  ₹ 788  crore  collected on import of goods). The government has settled  ₹ 21,260 crore  to CGST and  ₹ 16,997 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 September, 2020 is  ₹ 39,001 crore  for CGST and  ₹ 40,128 crore  for the SGST. The revenues for the month are 4% higher than the GST revenues in the same month last year. During the month, ...

The Election Commission of India had announced the schedule for the Assembly elections in the state of Bihar on September 25th. The term of ongoing Legislative Assembly of Bihar is going to expire on November 29th. Hence it was necessitated to commence the process of election before that date. Total Assembly Constituencies:- State Total number of Assembly Constituencies Reserved for Scheduled Caste Reserved for Scheduled Tribe Bihar 243 38 2 The Schedule:- Elections will be held in total 3 phases. Total 71 Assembly seats will go for poll in 1st phase on 28th of October. In second phase total 94 Assembly seats will go for poll on 3rd November and the last phase of polling is scheduled on 7th November and total 78 seats will go for poll in this phase. The counting will take place on November 10. Here is the detailed schedule. Poll Events Phase 1 (71 Assembly Seats) Phase...