The output of eight core sectors grew by 16.8 per cent in May, mainly due to a low base effect and uptick in production of natural gas, refinery products, steel, cement and electricity, official data released on Wednesday showed. The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 21.4 per cent in May 2020 due to the lockdown restrictions imposed to control the spread of the COVID-19 infections. In March this year, these key sectors had recorded a growth of 11.4 per cent, and 60.9 per cent in April.
Likening Prime Minister Narendra Modi to the character of an arrogant king, 'ahankari raja', from stories of yore, Congress general secretary Priyanka Gandhi Vadra on Friday said he is unable to understand that the 'jawan' who has kept the country safe is also the son of a farmer.
BJP leaders from a dominant farming community in Haryana and western Uttar Pradesh held separate meetings on Wednesday to chalk up an outreach to members of the Jat community and caste councils (khaps) to counter the narrative against the Centre's three farm laws.
The real estate Bill will stamp out illegal practices prevalent in the industry.
India's electric mobility goal, which has so far been riding on two wheels, is all set to graduate to four wheels. At least, the journey has begun. Hyundai Motor India said it would invest Rs 4,000 crore till 2028 to launch half-a-dozen electric vehicles (EVs) in India. It would eventually straddle premium and mass segments. The first of these - the electrified version of an internal combustion engine (ICE)-powered model - will go on sale as early as next year.
'The government is not ready to talk to us. They have their own agenda.'
India does not have the facilities needed for developing advanced aerospace products. There is only one wind tunnel in the country, the almost six decade old one in the National Aeronautics Laboratory.
Mayank Goyal, founder and CEO, moneyHOP, will answer queries related to how to best manage your money while travelling internationally.
Farmers said the agenda of the meeting should also include amendments to be made and notified in the Commission for the Air Quality Management in National Capital Region and Adjoining Areas Ordinance, 2020 to exclude farmers from its penal provisions.
In the year-long crackdown on tax evasion, the GST authorities have unearthed over Rs 35,000 crore of tax fraud committed by misuse of input tax credit provision under the Goods and Services Tax (GST) regime. During the 2020-21 financial year, the CGST zones and the Directorate General of GST Intelligence (DGGI) booked about 8,000 cases involving fake ITC of over Rs 35,000 crore, a statement from CBIC said. Under the GST regime, at the time of paying tax on output, entities can reduce the tax they have already paid on inputs.
With the Reserve Bank of India's (RBI) extended deadline coming to an end, there will be no automatic recurring payment for various services including recharge and utility bill as the additional factor of authentication (AFA) will become mandatory from Friday. On December 4, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions (domestic or cross-border) using cards or Prepaid Payment Instruments (PPIs) or Unified Payments Interface (UPI) under arrangements/practices not compliant with AFA would not be continued beyond March 31, 2021. As part of risk mitigation measures, RBI announced this step to bolster safety and security of card transactions.
'Some people petitioned the adhikari (government official) and a electricity pole was unloaded here, but because we were not here at that time, some people from a neighbouring village took it to their village instead.' As Bihar goes to the polls, Rediff.com looks at the state through the stories of its people.
The winds of change are blowing fast in Indian politics. Not only is the power shifting to newer players, but so is the style of governance.
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'If there is no outcome at Tuesday's meeting, then on the 30th thousands of tractors and farmers will march on the Kundli-Manesar-Palwal Expressway.'
Its economy dependent on tourist arrivals, the hill state is looking at a summer of discontent. Not that the rest of the year promises to be any different. Ashwani Sharma reports from Shimla.
India always faces a Hobson's choice as far as feeding coal-fired generators goes - even if the government is reluctant to admit it. The country cannot do without shipping in the world's most polluting fuel from overseas. And it will continue to do so unless it decides to reduce demand by forcing citizens, farmers and businesses to live without electricity for part of the day, or use diesel generators to fire facilities.
Jaitley increased the excise duty on most tobacco products by 10-15 per cent.
This comes as a rare miss for RRR, which bagged a Golden Globe for Best Original Song for the song Naatu Naatu and Critics Choice Awards for Best Foreign Language film and Best Song.
Usually, the Income Tax Department notifies the ITR forms in the first week of April of the relevant assessment year. However, in contrast to the old practice, it has notified two ITR forms ITR-1 and ITR-4 for the assessment year 2020-21 in the first week of January.
Arvind Kejriwal is poised to return to power with a simple majority. Even if the BJP wins 20 to 25 seats, it will be seen as a victory, says R Rajagopalan.
Even though she always knows what's happening, this was the first time she reviewed plans with party veterans.
Tikait says PM Modi was supporter of MSP law when he was CM
The Aam Aadmi Party office in suburban Andheri was on Saturday allegedly vandalised by a group of some 20-25 persons with the party claiming that the attack was the handiwork of the Nationalist Congress Party.
On the back of rising crude oil purchases, India's bill for imports from sanctions-hit Russia jumped 3.5 times in a year in April to $2.3 billion, showed data from the commerce ministry. In April, India's crude oil imports from Russia were valued at $1.3 billion, 57 per cent of India's total inbound shipments from Russia. Other major imported items during the month included coal, soybean and sunflower oil, fertilisers, and non-industrial diamonds. That month, Russia was also the fourth-largest crude petroleum supplier to India, after Iraq, Saudi Arabia, and the United Arab Emirates (UAE).
Bitcoin has been on fire ever since Musk announced that Tesla had bought $1.5 billion of the cryptocurrency, and that his electric-vehicle company would accept bitcoin from buyers.
Bhartiya Kisan Union (BKU) leader Rakesh Tikait exhorted farmers to be ready for a massive nationwide agitation over their demands as a 75-hour sit-in by the Samyukta Kisan Morcha in Lakhimpur Kheri seeking the removal of Union minister Ajay Kumar Mishra and a law on minimum support price (MSP) entered the second day on Tuesday.
Could it have been more reformist? Of course, but this is an election year Budget, observes Akash Prakash.
Farmers reiterated that the agitation would continue till the Centre takes back the three farm laws, and said that if need be, they could go on till 2024.
Money saved is money earned, and cutting down your expenses could well be the single-most important step towards an organised financial life. Naval Goel shows you how to keep your finances organised.
The culture of freebies burdens coming generations with the huge bill for the flagrant abuse of power by preceding governments, points out Virendra Kapoor.
Modi reached out to farmers, telling them that "lies" are being spread over the measure for "political reasons" to create confusion among the farming community.
Managing your money in January will set the trend for rest of the year, says Adhil Shetty.
The ten trade unions are National Trades Union Congress, All India Trade Union Congress, Hind Mazdoor Sabha, Centre of Indian Trade Unions, All India United Trade Union Centre, Trade Union Coordination Centre, Self Employed Women's Association, All India Central Council of Trade Unions, Labour Progressive Federation and United Trade Union Congress.
Is it only about choosing the right model and manufacturer? No, there's more to it. Know how to select the ideal car.
The central government on Thursday sent a formal letter to the Samyukta Kisan Morcha (SKM) agreeing to accept their pending demands and prompting the farmers' body to suspend their over a yearlong agitation.
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India's inflation trajectory in the coming months will be influenced more by the geo-political situation due to the war in Europe and its impact on supply chains and commodity prices. However, the country is better placed than most to "weather the storm" and achieve growth of close to 8 per cent in the current fiscal year, the finance ministry said in its latest monthly economic report on Thursday. "Through the channel of imports, elevated global crude and edible oil prices now have a significant impact on India's inflation outlook. "Government measures to keep the prices of these commodities in check, along with the recent hike in policy rates by the RBI, are expected to temper inflationary pressures in the economy," the monthly economic report for April, drafted by the finance ministry's economic division, said.
Operationalising the ban is being fleshed out: it will entail which cryptocurrencies will be banned and how.
The aim is to reduce working expense by about 15 per cent.
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