Direct tax collections grew by a meagre 6.6 per cent during April-July of the current financial year against the Budget target of 14.4 per cent for 2018-19. Corporation taxes, in particular, grew at just 0.57 per cent, the lowest in the first four months in at least seven years.
The NITI Aayog, in a concept note floated a few months back, had suggested three models of procurement but the Centre, at least for the time being, has decided to rely on existing PSS schemes along with giving states the option of choosing Bhawantar Bhugtan for oilseeds.
Sowing had started on a sluggish note in several parts of the country because of delay in the onset of the monsoon but has picked up pace subsequently as the rains progressed and performed appreciably well in August.
The mega campaign, to start on Mahatma Gandhi's birth anniversary, will be conducted just before the elections in three major Bharatiya Janata Party-ruled states and also before the 2019 general elections.
This survey also shows how things have moved forward since the last large-scale sample survey conducted by NSSO in 2012-13
At Delhi's markets, cardamom, pepper selling at double their recent rates
Data on the new series given by a panel on real sector statistics shows that GDP grew by 10.23 per cent in 2007-08 and 10.78 per cent in 2010-11. There are some years for which the new figures show a deceleration in growth as well. The new series has 2011-12 as the base year while the earlier series had 2004-05 and 1993-94.
Under the I-T Act, if a person has more than one property, one of them may be treated as given on rent even if it is vacant
The Bills are primarily aimed at helping the MSME sector and small traders, Finance Minister Piyush Goyal said while introducing these in the Lok Sabha
Skymet lowered its full season monsoon forecast to 'below normal' from 'normal', while the IMD is sticking to its earlier forecast that rains in June to September of 2018 would be 'normal' at 97 per cent of the LPA with a model error of +/-5 per cent.
Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.
While okra was being sold for Rs 100-120 a kg and cauliflower for Rs 120-140 a kg in Mumbai and its suburbs, all other vegetable prices have increased by almost 100 per cent since July 20.
ASK Wealth Advisors says 5 million, CMIE's estimate is 2 million and Ghosh & Ghosh said it was 7 million!
In case MGNREGA is expanded, officials said the total expenditure on farming-related works could reach up to 80 per cent of MGNREGA budget, as against the current 67 per cent.
If things go as planned, the Centre will develop 12 new Lakshadweep islands under its island development programme. But they will limit their access to 'high-end' serious adventure and fun tourists -- those who won't mind spending more than Rs 15,000 for a one-night stay in some of the world's most exotic and unexplored places.
India usually exports around 100,000 tonnes of skimmed milk powder annually, but the drop in international milk prices has forced it to cut exports
By official estimates, the country has a surplus of 300,000 tonnes of milk powder, which has led to dairies and other bulk buyers cutting liquid milk purchase thus affecting its price.
Rain deficiency in eastern and western Uttar Pradesh, Bihar, Jharkhand, Gangetic West Bengal, Assam and Meghalaya is 20-46 per cent less than normal as of June 17.
The production in Maharashtra is pegged higher at 11-11.5 million tonnes against 10.71 million tonnes
Assembly elections coming up in November and December could offer a window of opportunity to the government to make GST attractive through rate cuts.
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