GST collections in July rose 10.3 per cent to over Rs 1.82 lakh crore, mainly driven by domestic transactions in goods and services, according to official data released on Thursday. This is the third-highest-ever monthly collection recorded since the indirect tax regime was rolled out 7 years ago on July 1, 2017. According to the data, total refunds stood at Rs 16,283 crore in July.
Wholesale inflation fell to a 3-month low of 2.04 per cent in July on decline in prices of food items especially vegetables, government data released on Wednesday showed. The decline in wholesale price index (WPI) based inflation in July came after it rose for four months in a row till June, when it was 3.36 per cent. It was (-) 1.23 per cent in July last year. In April wholesale inflation stood at 1.19 per cent.
With rainfall and monsoons becoming highly unpredictable partly due to climate change and partly due to usual changes in weather patterns, it is such innovations by IMD which will help in planning better, reports Sanjeeb Mukherjee.
Reserve Bank of India (RBI) is unlikely to cut the benchmark interest rate at its upcoming monetary policy review meeting, taking place soon after the announcement of the Lok Sabha election results, amid inflation challenges, said experts. The Monetary Policy Committee (MPC) may also refrain from rate cut as economic growth is picking up, notwithstanding the elevated interest rate of 6.5 per cent (repo) prevailing since February 2023. The meeting of the Reserve Bank Governor Shaktikanta Das headed MPC is scheduled for June 5 to 7.
The high court on Friday pulled up the police for not questioning any Municipal Corporation of Delhi official till now or even seizing the relevant file from the civic body, which could have been an important piece of evidence.
The Union ministry of coal, while acknowledging that domestic coal stock is not enough to meet the power demand, asked state governments and the power generating companies (gencos) to import coal before monsoon season sets in. The ministry has warned the gencos if they do not import coal for 10 per cent blending in their fuel demand by the end of this month, blending benchmark would be increased to 15 per cent. The order pertains to all - central, state and independent power producers (IPPs)/privately owned units.
By taking the mutual fund route, investors can take exposure to gilts with small amounts. Over a decade or more, returns from these funds tend to be sound.
Considering that the three assailants who shot Atiq Ahmed and his brother posed as journalists, the commission suggested the media "observe certain restraints while covering such incidents".
'We are confident that over the next few years the government will strike a fine balance between populist measures and growth, and manage coalition partners well.'
Discover our country through great Indian rail trips!
Ranveer poses...Tara's spring in London...Amy celebrates...
Artificial Intelligence-enabled cameras with facial recognition technology have now been installed in the Karnataka Legislative Assembly that will record arrival and exit time of members, as well as the duration of their presence in the House.
The high court said the defence, if any, needs to be considered by the trial court on the basis of evidence.
Way before the rains arrived at Talwandi Sabo Power plant in Punjab, the one check the coal ministry was carrying out was the availability of coal stock with the generator. Talwandi Sabo Power Limited (TSPL), the 1,980-Mw thermal power plant of Sterlite Energy, part of the Vedanta Group, which supplies about 15 per cent of Punjab's power, is one of the most difficult locations to manage coal supplies. It is nearly 1,700 km from the mines of Mahanadi Coalfields in Odisha, the longest coal route in India and possibly the trickiest as it cuts through the traffic heavy rail lines between Delhi and eastern India.
The conditions that lead to landslides, including soil texture, soil moisture and slope are known, and it is important to put all this knowledge into an operational system, he said.
Rediff reader Mahesh Sharma shares the monsoon pics he took at Cherrapunji.
The government on Wednesday raised the minimum support price (MSP) for paddy by 5.35 per cent to Rs 2,300 per quintal for the 2024-25 kharif marketing season. The hike in paddy support price comes despite the government sitting on surplus rice stocks, but it is significant ahead of elections in states like Haryana, Maharashtra, Jharkhand, and Delhi.
In their letter to Rajya Sabha Chairman Jagdeep Dhankhar, the Congress leaders said during a discussion on the functioning of the ministry of agriculture and farmers' welfare on August 2, "misleading and incorrect assertions" were made by the minister.
According to latest data, 444 members from Lok Sabha and 218 rom Rajya Sabha have been vaccinated with at least one dose.
Gold seems to be losing its glitter in India due to a rise in prices. Demand in Q2CY24 was 149.7 tonnes - a 5 per cent drop compared to 158.1 tonnes in the same period last year, according to a report by the World Gold Council (WGC). Demand by value in April-June 2024 stood at Rs 93,850 crore, up by 14 per cent compared to Rs 82,530 crore in the same period last year.
Nutritionist Rujuta Diwekar offers a way to keep your hair problems at bay.
The government is hopeful that the Monsoon Session of Parliament will begin on its normal schedule in July, Parliamentary Affairs Minister Pralhad Joshi said on Tuesday amid the second wave of COVID-19.
Automobile retail sales increased 9 per cent year-on-year in June quarter FY25 with all segments, barring tractors, reporting growth, dealers' body FADA said on Monday. Overall retail sales rose to 61,91,225 units in the April-June period from 56,59,060 units in the same quarter of FY24. Passenger vehicle retails increased 2.53 per cent to 920,047 units as against 897,361 units a year ago.
This humble sabzi makes for a nutritious meal with warm rotis.
Agriculture activity, according to recent channel checks by Prabhudas Lilladher, is expected to continue at a strong pace in FY22.
Equity markets will take cues from global trends and trading activity of foreign investors, while in the latter part of the week the first quarter earnings from IT majors TCS and HCL Technologies would guide investor sentiments, analysts said. Markets may consolidate after the record rally last week, experts added. "On the domestic front, the Q1 earnings season begins this week. Key companies such as TCS and HCL Technologies will release their earnings on July 11 and 12, 2024, respectively.
According to latest data, crops have been sown in around 72.13 million hectares, which is 8.90 per cent less than the same period last year.
Five people were killed and over 45 are missing following several incidents of cloudburst in Himachal Pradesh, where rain washed away many houses, bridges and roads, the officials said on Thursday.
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).
Retail inflation increased to four-month high of 5.08 per cent in June as food items, including vegetables became dearer, according to government data released on Friday. The Consumer Price Index (CPI) based retail inflation was on a decline since January, before rising again in June. The CPI-based retail inflation was 4.8 per cent in May 2024 and 4.87 per cent in June 2023.
India is likely to see above-normal maximum and minimum temperatures in most parts of the country in the March to May period, IMD director general Mrutyunjay Mohapatra said at a press conference.
Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth, which is estimated to be around 8 per cent in the current financial year. CII president Sanjiv Puri said a lot of policy interventions in the past have put the economy on "a much stronger wicket". "The growth rate is poised to touch 8 per cent during the current year, marking the fourth consecutive year of above 7 per cent + growth.
The monsoon session of Parliament got off to a stormy start on Monday leading to adjournment of the two Houses without transacting much business following an opposition uproar over issues ranging from price rise to the Agnipath scheme.
From going desi to keeping it classy and casual, stars know how to bring out the best of monsoon fashion.
The deadly landslides in Kerala's ecologically fragile Wayanad district were triggered by a heavy burst of rainfall, made 10 per cent heavier by climate change, according to a new rapid attribution study by a global team of scientists.
There was an 8% decline in the BJP's vote share across six regions in UP, and that some OBC castes moved away from the BJP.
He said the bill will be taken up for discussion in the next cabinet meeting to clear the doubts.
At least 65 people, including seven Indian nationals, are believed to be missing after two buses were swept away by a landslide in Nepal and pushed into a swollen river on Friday, according to media reports.
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