The Centre is staring at a combined shortfall of up to Rs 1 trillion in excise and Customs revenues in the current financial year (FY23) compared to the Budget estimates (BE), mainly because of duty cuts on edible oil and petroleum products. The government set a target of Rs 3.35 trillion for excise and Rs 2.13 trillion for Customs mop-up for FY23 while presenting the Budget in February. "As excise duty collection is mainly driven by diesel volumes, we might see a clear gap in the level budgeted for FY23, following the reduction in cesses on petrol and diesel in May. We are expecting somewhere between Rs 80,000 crore and Rs 1 trillion dip in excise and customs duty collections," a senior government official told Business Standard.
This star designer who has now found an audience on foreign shores, all thanks to her minimalistic style, and worship of Indian fabrics.
Starting with a family, which had a dealership of Bajaj Auto's scooters, to becoming the owner of a household name in consumer appliances who could afford to have Bollywood superstar Shah Rukh Khan as the brand ambassador, Venugopal Dhoot's is a story of an aggressive small town businessman's pursuit to be on the top. Now arrested in connection with the ICICI Bank loan fraud case, Venugopal Dhoot during his heydays was not the one to simply sit on small achievements like Videocon becoming the largest television set manufacturer in India.
A United States court has ruled that Marine Corps cannot deny entry to Sikhs sporting a beard and wearing a turban, in a major victory for three recruits from the community who can now join the elite unit's basic training without having to forfeit their religious beliefs.
How to make an impression in a sari, the Kajol way.
The reintroduction of 4 per cent optional excise duty for cotton textile products is welcoming sign.
Who rocked the sari style best in the British Raj? Sukanya Verma asks you to take a poll.
A closer look at the data reveals that a lot of the items are not part of this calculation. The notable ones include buffalo meat, marine exports, raw cotton, and plantation crops such as tea, coffee, rubber, etc.
Glimpses from the Chanel Spring-Summer 2022 Haute Couture pre-collection in Paris.
Minimalistic outfit ideas from FDCI x Lakme Fashion Week.
A peanut stuffed snack invented for winter evenings with garam chai.
India's wheat production is projected to have declined nearly 3 per cent to 106.84 million tonnes while the overall foodgrain production is estimated to have touched record 315.72 million tonnes in the 2021-22 crop year. The wheat production is estimated to have declined due to heatwave that resulted in shrivelled grains in the northern states of Punjab and Haryana. Releasing the fourth advance estimate for the 2021-22 crop year, the Union agriculture ministry on Wednesday said a record output is also estimated for rice, maize, gram, pulses, rapeseed and mustard, oilseeds and sugarcane.
Like most army combat uniforms, this one has been designed to serve two requirements: First, protection against harsh climatic conditions, including extreme heat and cold. Second, the need to provide soldiers' outfits with field camouflage, so as to increase his battlefield survivability.
Tejasswi and Karan lose their VIP status. Nishant is saved.
'I wanted to hide below my cart, but a bullet hit my leg.'
Rahul Dasgupta's collection The Sea is a visual interpretation of how the human eye perceives the sea.
A memorandum with over two lakh signatures of people favouring a complete ban on the weedicide has been submitted to Union minister for agriculture and farmers welfare Narendra Singh, SJM co-convenor Ashwani Mahajan said.
In the early part of 1800, a 30-acre plot next to Fort Gloster on the banks of river Hooghly in Howrah district of Bengal was the nerve centre of industrial activity; it housed India's first steam-powered cotton mill, Bowreah Mills, which was set up by a British merchant and went on to become a hub of factories - a rum distillery, foundry, cotton yarn factory, an oil mill and a paper mill, et al. Spearheaded by Dwarkanath Tagore, the industrialist grandfather of Rabindranath Tagore, the commercial complex was possibly the first of its kind in the country. Close to 200 years later, after much ebb and flow of history, the hub is set for a resurgence of sorts.
Siddartha Tytler marked his debut at the Fashion Design Council of the digital edition of India Couture Week as he unveiled his latest collection online.
India's merchandise exports in June rose by 16.78 per cent year-on-year to $37.94 billion while the trade deficit ballooned to a record $25.63 billion on account of a steep increase in gold and crude oil imports, according to the government's preliminary data released on Monday. The export growth in June moderated from 20.55 per cent in May and 48.34 per cent in June 2021. During the month under review, exports of engineering, pharmaceutical and plastic products recorded negative growth.
'If you want to change everything all of a sudden to polyester, then the production of khadi flags will come under trouble.'
'The Centre and state need to take a unified approach and take concerted action before this matter assumes menacing proportions because unemployment, the drug trade and the levels of frustration among the youth make them vulnerable to any maverick who promises something better.'
Fetching drinking water from a mosque in Pakistan's Punjab province landed a Hindu family in trouble as some people tortured and held them hostage for 'violating the sanctity' of their place of worship, a media report said.
Exports in June rose by 23.52 per cent to $40.13 billion while the trade deficit ballooned to a record level of $26.18 billion mainly due to jump in gold and crude oil imports, the government data said on Thursday. The country's export growth in May was 20.55 per cent. Imports expanded by 57.55 per cent to $66.31 billion in June compared to the year-ago month, the data showed.
A group of farmers demanding relief for crop damage allegedly held 12 government officials hostage for several hours inside a sub-tehsil office in Muktsar district's Lambi, Punjab.
It's a trend you can wear at this very moment!
A weekly roundup of the best styles from the celebrity circuit.
The Genetic Engineering Appraisal Committee (GEAC) has recommended the environmental release of the genetically modified (GM) mustard variety DMH (Dhara Mustard Hybrid)-11, paving the way for the commercialisation of the country's first GM food crop. The GEAC said the recommendation was valid for four years from the date the approval letter was issued. Further studies and coordinated trials will have to be conducted jointly with the Indian Council of Agriculture Research (ICAR) within two years, according to the minutes of the GEAC meeting held on October 18, which was released on Wednesday.
Foodgrains production in 2020-21 is projected to be a record 144.52 million tonnes, which is 0.80 per cent more than the production in 2019-20.
as the FAME II deadline of March 31, 2024, nears, EV manufacturers are worried about their investments and future plans.
The answer to Chinese tactics of nibbling territory is not defence of every inch -- a military impossibility -- but instead, nibbling at Chinese territory wherever we are in a stronger position, counsels Colonel Anil A Athale (retd).
Exporters on Thursday demanded fiscal incentives, tweaking in customs duties on certain products and credit at affordable rates in the forthcoming Budget to boost exports and create jobs. In a pre-budget virtual meeting with Finance Minister Nirmala Sitharaman, the Federation of Indian Export Organisations (FIEO) said the depreciation of the rupee against the US dollar is affecting exports' competitiveness and the sector requires more support. "Creation of employment is the biggest challenge faced by the country...We would urge the government to provide fiscal support to units which provide additional employment in the export sector," the exporter's body said.
Scrubbing and moisturising your lips before applying your lipstick is a very important habit. This will eliminate the appearance of lip lines and keep your lips looking soft and supple, suggests Asha Hariharan, education director, Enrich Lipcare.
From acing cotton maxi dresses to rocking kaftans and gowns, Kareena Kapoor Khan is truly living up to the fashionista tag while enjoying her second pregnancy.
Masaba Gupta showcased 'Chhalni', her latest resortwear line for women as well as her first men's collection, 'Litmus Test', on Day Four of the LFW. Here's a glimpse.
As the curtain comes down on 2022, Roshmila Bhattacharya flashbacks to some of the year's news-makers and events.
A legislation has been introduced in the United States Congress for countering the Chinese propaganda by creating a new sanctions authority against state-backed disinformation networks.
Hit hard by volatility in yarn prices, 50% of the looms said to be operating only 3-4 days a week.
The move points to a growing need to cater to a younger customer base, one that wants designer clothes not just for big occasions but also wishes to make them a part of their day-to-day lives by interpreting individual pieces in individualistic manners.
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