China factory activity shrinks for fourth straight month https://ifttt.com/images/no_image_card.pngChina’s official manufacturing purchasing managers' index (PMI) remained below the expansion threshold at 49.3 in July, extending the fourth straight monthly contraction. The non-manufacturing PMI fell to 51.5 in July from 53.2 in June, signifying sluggish consumer spending.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
Comments
Post a Comment