Top Stories Macro (10/10/2016)

IIP falls 0.7% in Aug, but hope floats on festival, rain & hikes India’s factory output fell (-)0.7 percent in August, the second successive monthly decline, but revival hopes floated on festive season sales, pay hike for government employees and greater rural spending on the back of good summer rains. 


Indirect tax mop up grows 26% to Rs 4.08 lakh cr in Apr-Sept The net indirect tax collection in the April-September period accounts for 52.5 percent of the Budget 2016-17 estimates.