TCA Anant retired as the chief statistician of India on February 1, 2018. So far, the government has not named a replacement, though it is searching for a suitable successor.

The manufacturing sector, which provides quality jobs to the workforce and constitutes 77.63 per cent of the IIP, surged by 8.7 per cent during the month reflecting signs of recovery in the economy observed in the October-December quarter continuing into the last quarter of the current fiscal year ending on March 31.

In January, the index expanded by 4 percentage points from 7.1 per cent in December. Registering a 25-month-high, the industrial growth had grown 8.8 per cent in November.

Industry body FICCI's quarterly survey, which assesses the expectations of manufacturers, has mixed news for Make in India.

It's official now. India has snatched back the title of the world's fastest growing major economy from China, going by the encouraging 3rd quarter growth numbers released by the Central Statistics Office (CSO) yesterday.

The government will change the base year to 2017-18 for the calculation of GDP and IIP numbers while for retail inflation the year will be revised to 2018, Union minister DV Sadananda Gowda said on Thursday.

As per the data relased by government on Thursday, wholesale inflation on food articles fell by 2.4 per cent last month. The index for non-food articles jumped by 1.4 per cent.

Benchmark Sensex succumbed to fag- end profit-booking to end 144 points lower on Wednesday after banking stocks tumbled on RBI's new norms for recognising stressed assets.

Watch BusinessToday.in Editor Rajeev Dubey as he explains the top stories today on The Good, the Bad and The Ugly: the uptick in manufacturing has pushed IIP growth; the growing burden of hidden bad loans is a big setback for the Indian banking sector; loan waivers for farmers in the poll-bound states of MP and Rajasthan can be alarming for the states in the longer run

India's factory output expanded at 7.1 per cent in December, indicating a recovery momentum on the back of strong performance in the manufacturing and capital goods sectors.

Based on Consumer price index (CPI), the inflation was at 5.21 per cent in December - a 17-month high, and 3.17 per cent in January last year.

While the midcap index closed 217 points higher at 16,852 level, the small cap index rose 290 points to 18,463 points.

the reverse repo rate under the LAF remains at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25 per cent.

Business confidence takes a turn for good with business leaders pinning hope on the annual Budget, finds the latest Business Today-C fore Business Confidence Survey.