The country's real GDP growth in the first quarter will be better than the Reserve Bank's estimate of 8 per cent, economists said on Tuesday. Economists at the country's largest lender SBI pegged the growth at 8.3 per cent while domestic rating agency Icra estimated it to come even higher at 8.5 per cent. The Reserve Bank of India (RBI), which expects the GDP to grow at 6.5 per cent in FY24, has estimated a growth of 8 per cent in the April-June period.
The Union government's finances witnessed significant improvement in August after a stressful first four months of the current fiscal year. India's gross tax revenue, comprising both direct and indirect taxes, for the first five months of 2023-24 surged 16.5 per cent year-on-year (Y-o-Y) to Rs 11.8 trillion. During the April-July period, gross tax revenue increased by a mere 2.8 per cent compared to the Budget Estimate of 12.1 per cent growth for FY24.
The actress sings for the Hindi version, while Jennifer Lopez sings for the international version.
'She delivers on promises, especially on security issues which is a core concern for India.'
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The deficit stood over Rs 8 trillion in the first seven months of the current financial year. Non-tax revenues, comprising transfers from the RBI and dividends of the public sector units, shored up the Centre's revenues.
Out of the 24 NCP MLAs who attended the session, Deputy Chief Minister Ajit Pawar, cabinet ministers Chhagan Bhujbal, Dilip Walse Patil, Hasan Mushrif, Aditi Tatkare, Sanjay Bansode, Dhananjay Munde, Anil Patil and Dharmarao Atram were seated on the ruling side.
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'Yes, of course, there is little expectation on the results, but I am more focussed on my performance rather than the outcome because, in sports, anything can happen.'
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Former World No 1 Deepika Kumari, who was making a comeback after her maternity break, on Monday failed to make the Indian team for the Asian Games, World Cup and World Championships slated later this year.
The Royal Opera House in Mumbai fusion of a different kind as three dance forms came together.
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The Monetary Policy Committee (MPC) is expected to maintain the status quo on policy rates for the fourth consecutive time in its October 4-6 review meeting. The incremental information available since its last meeting in August suggests that growth and inflation prints for the second quarter (Q2) of financial year 2023-24 (FY24) will exceed the committee's projections. However, the Consumer Price Index (CPI)-based inflation is expected to moderate in the second half (H2) of FY24.
India's gross tax revenue, comprising both direct and indirect taxes between April and July, reported a growth rate of merely 2.8 per cent to Rs 8.9 trillion compared to the same period a year ago, as shown by government data on Thursday. This growth was dampened by direct tax figures, offsetting the healthy growth in goods and services tax collections and Customs duties. While net tax revenue contracted by 12.6 per cent to Rs 5.8 trillion up to July, accounting for 25 per cent of the Rs 23.3 trillion full-year target, this could be attributed to the increased tax devolution to states during the period.
The 22-year-old Indian was steady throughout Sunday just as she had been all week. Trichat finished with a total of 9-under and was sole second while Frenchwoman Celine Herbin (69-72-67) was third at 8-under.
This Festival of Lights, Sukanya Verma's tips to dazzle like the shiniest folks in tinsel town.
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This was the first meeting between Sharad Pawar and the group-led by Ajit Pawar after he rebelled against his uncle and joined the Eknath Shinde government on July 2.
In the recent past, Adityanath and the RSS seem to have come closer. The warmth is more on the part of the RSS. And even now, not all requests from the RSS are accommodated by the UP government, points out Aditi Phadnis.
'Its people are either victims of corruption or witnesses to it.'
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Investment growth moderated slightly in the economy during the first quarter (Q1) of the current financial year (2023-24, or FY24), notwithstanding the front-loading of capital expenditure (capex) by the Centre. This was also the case despite a pick-up in demand during the period after two dismal consecutive quarters. Although growth in gross fixed capital formation (GFCF), representing investment, fell to a five-quarter low of 7.96 per cent, the comparison with the first two quarters of the previous year is a bit askew due to the low year-on-year (Y-o-Y) base of those periods.
We bring you the hottest Bollywood brides who walked the LFW ramp as showstoppers. Take the poll and let us who is your favourite.
Retail inflation jumped to a 15-month high of 7.44 per cent in July as prices of vegetables and other food items spiked, according to official data released on Monday. The Consumer Price Index (CPI) based inflation was at 4.87 in June and 6.71 per cent in July 2022. Previously, high inflation was recorded at 7.79 per cent in April 2022.
Vasundhara Raje may have had her faults but she is an unconventional and brave leader who deserves better, observes Aditi Phadnis.
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Parth Salunkhe became the first male archer to win a gold in the recurve category at the Youth World Championships.
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Unofficially though, it is claimed that Ajit Pawar has the support of 29 MLAs, and the number could add up within two days.
The Archies is an evergreen thought passed on from generation to generation. But Sukanya Verma wishes it had some of the comic's tee-hee humour and hyuk hyuk too.
The GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion, Revenue secretary Sanjay Malhotra said on Friday. The collection from Goods and Services Tax (GST) was Rs 1,43,612 crore in August 2022. "Roughly numbers are in the range of 11 per cent year on year growth as in earlier months," Malhotra told reporters.
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The Enforcement Directorate has recently arrested Chandrashekhar in a fresh money laundering case linked to duping former Religare promoter Malvinder Singh's wife by posing as the Union home and law secretaries.
Jyothi, who had a dream run in the Antalya Stage en route to securing her maiden individual World Cup gold medal, got a first-round bye and in a collision course with the Mexico World champion in the semi-final.
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