All eyes will be on whether Sitharaman provides the much-expected tax relief for the middle class, leaving more money in their hands, as there is tax buoyancy
Planet Retail is owned by non-resident Indian V P Sharma and Samsonite's Ramesh Tainwala.
The turbulent relations between Rajya Sabha Chairman Jagdeep Dhankhar and INDIA bloc parties came to a head on Friday with sources saying that the opposition is considering submitting a notice for moving a resolution to remove the vice president from his office.
Reports said that in Telangana and Karnataka, excessive rains the past 10 days has threatened the standing green gram and maize crops and could negatively impact yields if the skies don't open up. But in the north-west and central parts of India, the resurgence of monsoon could not have come at a better time as oilseeds and pulses crops would otherwise had weathered if the rains didn't revive in August.
Passenger vehicle wholesales in India increased 4 per cent year-on-year in May to 3,47,492 units, as compared to the same month last year, industry body SIAM said on Tuesday. Overall passenger vehicle (PV) dispatches from companies to dealers stood at 334,537 units in May 2023.
The rains have so far been four per cent below normal.
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This could have huge implications for agriculture, food prices, supply and overall economic growth of the country
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Iron ore mining major NMDC's results for the April-June quarter (Q1) of FY25 were better than estimates. Weak volumes were balanced off by higher realisations, better average selling price (ASP) and lower royalties which boosted bottomline. The revenue was in line with estimates at Rs 5,400 crore, flat year-on-year (Y-o-Y) and down 17 per cent quarter-on-quarter (Q-o-Q).
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Leaders of the JD-U, which has two ministers in the Union government, insist that the resolution also spoke of "special package and other types of help" and that Bihar could still get a lot from Narendra Modi government.
Farmers of Haryana suffered because of unseasonal rain.
From the Sensex firms, Power Grid, NTPC, Tech Mahindra, Bharti Airtel, Tata Motors, IndusInd Bank, Reliance Industries, Kotak Mahindra Bank and Maruti were among the laggards. Asian Paints, Wipro, JSW Steel, Hindustan Unilever, Bajaj Finserv and Mahindra & Mahindra were among the biggest gainers.
Singh targeted the Congress using a 'snakes and ladders' analogy, saying the party will fall to zero from 99 after being bitten by a snake -- referring to the grand old party winning 99 seats in the Lok Sabha polls.
Union ministers Ravneet Singh Bittu and George Kurian were elected unopposed to Rajya Sabha Tuesday along with senior Congress leader Abhishek Manu Singhvi and former minister Upendra Kushwaha.
The latest forecast, given by Earth Sciences Minister Jitendra Singh, was a downward revision from a previous forecast of 93 per cent given at the outset of the monsoon in June, but was nowhere near as bad some farmers had feared.
The Indian National Developmental Inclusive Alliance (INDIA) parties, led by the Congress, staged a walkout from both Houses of Parliament on Wednesday, in protest against all states except two being 'ignored' in the budget, an allegation termed 'outrageous' by Finance Minister Nirmala Sitharamanm, who said all the states never found a mention in any of the previous budgets, including those presented by the Congress.
According to the IMD forecast, monsoon is likely to be normal this year.
Above-normal heatwave days are predicted in most parts of central, east and northwest India during this period.
Many individual states experienced higher inflation than the all-India figures during the financial year 2023-24 (FY24). Retail inflation figures in Telangana, Haryana, Rajasthan and Dadra and Nagar Haveli have been higher than national numbers every month of this financial year, shows a Business Standard analysis of state-wise figures, after the March inflation data was released on Friday. Experts noted that persistent high food inflation along with differences in the weights of rural and urban indices plays into the regional variation in inflation rates.
East India, along with a major portion of central India, is likely to be at a higher risk of being rain deficient, especially during the first half of the season.
Gandhi said he was "waiting with open arms".
Retail inflation declined to a five-month low of 4.85 per cent in March mainly due to cooling food prices, inching towards the Reserve Bank's target of 4 per cent, according to official data released on Friday. The Consumer Price Index (CPI) based retail inflation was 5.09 per cent in February and 5.66 per cent in March 2023. Previously, CPI-based inflation was the lowest at 4.87 per cent in October 2023.
Congress President and Leader of the Opposition in Rajya Sabha Mallikarjun Kharge on Wednesday questioned Union Finance Minister Nirmala Sitharaman over the Union Budget and claimed that the plates of all states except Bihar and Andhra Pradesh were empty in the budget allocation.
'There is no immediate threat to the government, and they would prefer the growth agenda.'
The Reserve Bank on Friday retained inflation projection at 4.5 per cent for the current financial year, lower than 5.4 per cent in the last fiscal. Assuming a normal monsoon this year, CPI (consumer price index-based) inflation for the current year is projected at 4.5 per cent, with Q1 at 4.9 per cent, Q2 at 3.8 per cent, Q3 at 4.6 per cent, and Q4 at 4.5 per cent.
India will be able to manage potential inflationary pressures if forecasts of sub-par monsoon
Passenger vehicles wholesales in India rose 1.3 per cent year-on-year to 335,629 units in April, automobile industry body SIAM said on Tuesday. The passenger vehicle (PV) dispatches from companies to dealers stood at 331,278 units in April 2023.
The Reserve Bank of India on Friday revised upwards the GDP growth projection for the current fiscal to 7.2 per cent from 7 per cent on rising private consumption and revival of demand in rural areas. Unveiling the bi-monthly monetary policy, RBI Governor Shaktikanta Das said estimates released by the National Statistical Office (NSO) placed India's real gross domestic product (GDP) growth at 8.2 per cent in 2023-24. "During 2024-25 so far, domestic economic activity has maintained resilience," he said, adding that manufacturing activity continues to gain ground on the back of strengthening domestic demand.
A favourable monsoon and government support to the rural economy are among the reasons that agrochemical companies, including makers of pesticides and fertilisers, have done well.
Recent studies in China and Europe observed that the infection might relapse in those people who have already recovered from earlier phases.
Mini Ribeiro lists down 10 of her favourite comfort monsoon foods.
Twelve of the 36 meteorological subdivisions recorded deficient rainfall, while the rest witnessed normal to excess rain. In total, 38 per cent of the 662 districts received below-normal rain.
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A prolonged break in monsoon rains in most parts of the country is threatening to hit the yield of kharif crops. It could even delay the upcoming rabi sowing. Major agricultural states, such as Maharashtra, Madhya Pradesh, Andhra Pradesh, Punjab, and Gujarat, have witnessed a deficit of 30-80 per cent in southwest monsoon rainfall in August compared to the long-period average for the month. Meteorologists see no big revival in monsoon rains from hereon, though they forecast "some activity" over the Bay of Bengal on September 5-6.
'Since there is no photo-op, or quick fix solutions, politicians do not want to address climate change. It is very unfashionable.'
'The real repo rate is very high in terms of core inflation.'
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Are faulty design, hurried construction and private ownership to be blamed for the incidents of airport roofs crashing?
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