India's #infrastructure output expanded 8% year-on-year in July, government data showed.

The core sector or infrastructure output, which comprises eight sectors including coal and electricity, accounts for nearly 40% of industrial output.

Read here: https://livemint.com/economy/core-sector-output-indias-infrastructure-output-declines-to-8-in-july-against-8-2-in-june-11693482073372.html

The Controller General of Accounts (CGA) data released showed that the central government's fiscal deficit in the first four months of 2023-24 stood at 33.9% of the full-year target.

Read here: https://www.livemint.com/economy/cga-data-shows-fiscal-deficit-in-april-july-at-339-11693482791748.html

The Secretariat of the Appointments Committee of the Cabinet on 31 announced the appointment of #JayaVermaSinha as first woman CEO and chairperson of Railway Board. She succeeds Anil Kumar Lahoti.

Read here: https://www.livemint.com/news/india/govt-appoints-jaya-verma-sinha-as-first-woman-ceo-chairperson-of-railway-board-11693476003458.html

The phenomenon of fake trading screenshots and fake trading videos stems from the rapid growth of financial influencers or ‘finfluencers’ in India’s social media space.

Finfluencers who are able to garner large followings through such screenshots receive revenue from affiliate links or marketing links provided by the brokers.

Read here: https://www.livemint.com/money/personal-finance/the-rise-of-fake-trading-screenshots-a-look-into-the-world-of-finfluencers-and-their-deceptive-practices-11693420213936.html

#Viacom18 bags TV and digital rights for Indian cricket team's home matches for five years. Viacom18 won the media rights for all #BCCI India matches for a total of ₹5,963 crore.

Read here: https://www.livemint.com/industry/media/mukesh-ambanis-viacom-18-bags-tv-and-digital-rights-for-indian-cricket-teams-home-matches-for-five-years-11693478588952.html

A scientist in Germany has claimed that the US space agency #NASA had discovered life on the Mars planet 50 years ago but accidentally destroyed it.

Read here: https://www.livemint.com/science/news/nasa-may-have-accidentally-destroyed-life-on-mars-50-years-ago-claims-german-scientist-11693450257374.html

Prime Minister Narendra Modi announced that the 700 MW #NuclearPower plant, developed entirely within India, located in Kakrapar, Gujarat, has commenced its operations at maximum capacity, calling it a “milestone".

Read here: https://www.livemint.com/news/indias-largest-home-built-nuclear-plant-starts-operations-says-pm-modi-calls-it-milestone-11693500828276.html

#G20Summit2023 | Chinese President #XiJinping will not be visiting New Delhi to attend the #G20summit, instead #PremierLiQiang is coming for the global event.

Chinese Premier Li Qiang will be flying directly to New Delhi after attending the 43rd ASEAN summit in Jakarta on September 5-7.

Read more: https://www.livemint.com/news/world/xi-jinping-not-to-attend-g20-summit-instead-premier-li-qiang-is-coming-report-11693501258075.html

#PersonalFinance | Investors should first set up an account on the chosen platform. A one-time verification process then confirms the user’s identity using Aadhaar & PAN credentials, adding a layer of security and compliance to the procedure.

Investors can then handpick the specific MFs against which they intend to secure a loan.

Read more: https://www.livemint.com/money/personal-finance/systematic-investment-plans-in-mutual-funds-borrowing-against-mf-units-offers-flexibility-and-opportunity-11693502698111.html#:~:text=Investors%20should%20first%20set%20up,intend%20to%20secure%20a%20loan

#PersonalFinance | Whether you are planning overseas travel or want to send money abroad, it is always a good idea to shop around for the best #forex exchange rate.

Here's a list of INR to USD forex rates offered by some of the major banks & travel aggregators.

#MintMacroTracker | Launched in October 2018, Mint’s macro tracker provides a monthly comprehensive report on the state of the economy, based on trends in 16 high-frequency indicators.


Here’s a glimpse of how each indicator fared.


Read more: https://www.livemint.com/economy/highfrequency-indicators-show-mild-deterioration-in-july-mint-tracker-11693546432796.html

Public sector Oil Marketing Companies (OMCs) slashed the price of 19 KG commercial #LPGgascylinders today. The prices of 19 KG commercial #LPG gas cylinders have been reduced by ₹158.



The announcement came days after Prime Minister #NarendraModi slashed the prices of domestic LPG gas cylinders by ₹200.



Read more: https://www.livemint.com/news/india/commercial-gas-cyclinder-prices-down-after-govt-slashed-domestic-lpg-rates-check-latest-price-11693543097878.html

The government has increased the price of natural gas to $8.60 per metric million British thermal unit (mmBtu) for September, from $7.85 in August.

However, the price of the gas from the nominated gas fields of ONGC and Oil India has been kept unchanged at the price cap of $6.5 per mmBtu.

Read more: https://www.livemint.com/industry/energy/government-raises-natural-gas-prices-to-8-60-per-mmbtu-11693549959932.html

The #incometax department has announced major relief to taxpayers, availing company-provided rent-free homes. It has lowered the tax for employees staying in such accommodations. The new rule comes into effect from today, September 1, 2023.

Read more: https://www.livemint.com/money/personal-finance/new-income-tax-rules-for-these-salaried-taxpayers-from-1-september-2023-tax-home-salary-increase-details-here-11693550632338.html

#GSTrevenues for August 2023 grew by 11% YoY due to improved compliance and reduced evasion, says Revenue secretary.


Read more: https://www.livemint.com/economy/india-q1-gdp-growth-may-moderate-in-the-coming-quarters-should-investors-be-worried-11693552301140.html

Indian Navy's warship #Mahendragiri was launched in Mumbai today by Vice President Jagdeep Dhankhar’s wife Sudesh Dhankhar launched the warship and the vice president was the chief guest at the event in Mumbai.

The Indian Navy’s warship Mahendragiri has been developed by Mazagon Dock Shipbuilders Limited (MDL).

📷: HT photo by Anshuman Poyrekar

Read more: https://www.livemint.com/news/warship-mahendragiri-with-advanced-weapons-sensors-launched-all-you-need-to-know-11693566582282.html

Factory production at 3-month high in August | Govt raises #naturalgas prices to $8.60/mmBtu | #G20 meeting drives up Delhi hotel rates

Read today's Mint e-paper here: epaper.livemint.com

#Ola has joined govt-backed Open Network for Digital Commerce (#ONDC) to provide food delivery services and is currently visible to small number of users.

Read more: https://www.livemint.com/companies/ola-joins-government-backed-ondc-for-food-delivery-services-report-11693617984829.html

#RBI Governor #ShaktikantaDas has been rated ‘A+’ in the Global Finance Central Banker Report Cards 2023.


Read more: https://www.livemint.com/news/india/rbi-governor-shaktikanta-das-rated-a-in-global-finance-central-banker-report-2023-11693616524045.html

The ED late Friday night arrested Jet Airways founder Naresh Goyal in a money laundering case linked to an alleged bank fraud of ₹538 crore at the Canara Bank.

Read more: https://www.livemint.com/companies/people/ed-arrests-jet-airways-founder-naresh-goyal-in-bank-fraud-linked-money-laundering-case-officials-11693590770658.html

Competition Commission of India (CCI) has approved the merger of Tata SIA Airlines which operates Vistara with the Tata group's Air India subject to the parties complying with certain voluntary commitments.

Read more: https://www.livemint.com/news/india/cci-clears-air-india-vistara-merger-11693591394836.html