Daily Economic News - 1 August 2014

1. CORE INDUSTRIES GROW 7.3% IN JUNE, HIGHEST IN NINE MONTHS
Showing signs of recovery, the output of eight core sectors grew 7.3 per cent in June, the fastest pace in nine months, on improved production of coal, crude oil, cement and electricity. The performance of eight core industries during the April-June 2014 on the whole has improved to clock 4.6 percent level from 3.3 per cent till May 2014.

(Source: The Pioneer)

2. Fiscal Deficit crosses half of target in Q1:
India’s fiscal deficit in the fiscal first quarter of the current financial year crossed the halfway mark at 56.1% of the full-year target of Rs.5.3 trillion as growth in revenue receipts slowed and interest payments rose. Finance minister Arun Jaitley in his maiden budget on 10 July had stuck to the fiscal deficit target of 4.1% of gross domestic product (GDP) for 2014-15 set by his predecessor P. Chidambaram in the interim budget.

(Source: Livemint)

Thaiindianet.Team

1 August 2014