Service Sector in India
As per a monthly survey, India’s services sector activity increased at the slowest pace in a year in May.
Manufacturing PMI
India’s manufacturing activity grew at its fastest pace in three months in May.
Bond yields
The yield on India’s 10-year benchmark bonds fell 5 basis points at closing to 6.982%
Digital Transactions
In its payment system vision document for 2019-2021, the Reserve Bank of India (RBI) has envisaged four times growth in digital transaction in two years.
AI tool to improve tea quality
The Tea Research Association (TRA) has introduced artificial intelligence (AI)-based technology aimed at improving quality.
India moots ‘unbiased’ assessment of trade policies at WTO
As per the official information, India is trying to rally the support of other developing countries in the WTO to reform the “biased” system of assessing a country’s services trade policies.
World Insurance Report 2019
The World Insurance Report 2019 is recnently published by Capgemini and Efma.
IT sector on recovery path
In joint statement, the international IT experts have affirmed that after some years of a dry drive, Indian tech firms now seem to have established themselves firmly as digital transformation agents in the global market.
MCA 21 database and Missing firms
The Finance Ministry clarified that the ‘missing’ enterprises in the MCA-21 database did not have a significant impact on the calculation of growth rates of GDP and GVA as these companies still added to the total output of the economy.
Index of Industrial Production (IIP)
As per the official data released, growth in industrial activity dipped to a 21-month low in March, contracting 0.1% due in large part to a continuing slowdown in the manufacturing sector.