Month: July 2023

Farmers Producers Org set up in 2016 to do business of ₹20 crore this year

July 31, 2023 admin

NABARD officials and beneficiaries at a farm pond constructed through FPO in Navalgund taluk of Dharwad district on Monday. | Photo Credit: KIRAN BAKALE The help extended by NABARD and State Bank of India to farmers of Navalgund taluk has facilitated the establishment and operation of Farmers Producers Organisation (FPO) and it, in turn, has…

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At 8.2%, core sectors’ growth hits 5-month high in June

July 31, 2023 admin

A view of a steel plant. India’s core sectors’ output surged at a five-month high pace of 8.2% in June, as per data from the Commerce and Industry Ministry, led by a 21.9% spike in steel output | Photo Credit: The Hindu India’s core sectors’ output surged 8.2% in June, the fastest pace in five…

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Bitter truths in Maharashtra’s sugar fields

July 30, 2023 admin

The High Court of Bombay has recently taken suo motu cognisance of the exploitation of the intra-State workforce that migrates seasonally from the drought-affected and water-scarce regions of Marathwada to the sugar-belt region of western Maharashtra. Maharashtra is one of the top sugar producers in India. According to the Maharashtra Sugar Commissioner, in 2022-23, the…

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Over six crore Income Tax Returns filed in a new milestone, says Income Tax Department

July 30, 2023 admin

Over six crore taxpayers had filed their income tax returns (ITRs) by Sunday evening, a day before the filing deadline, which the Income Tax Department termed a “new milestone” as this is significantly higher than the total returns filed by July 31, 2022. Nearly 26.8 lakh taxpayers filed their tax returns by 6:30 p.m. on…

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Unused UDAN routes will be up for re-bidding: Jyotiraditya Scindia

July 30, 2023 admin

Union Minister Jyotiraditya Scindia said that government’s regional connectivity scheme (RCS), also known as UDAN, are being put up for bidding again. File | Photo Credit: Shiv Kumar Pushpakar Discontinued routes under the government’s regional connectivity scheme (RCS), also known as UDAN, are being put up for bidding again, Civil Aviation Minister Jyotiraditya Scindia said…

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Explained | Mapping India’s chip design ecosystem

July 29, 2023 admin

The story so far: As part of the second phase of the design-linked incentive (DLI) scheme for the domestic semiconductor industry, the Indian government, according to media reports, is considering a proposal to pick an equity stake in domestic chip design-making companies. The modalities and the timing of the policy are yet to be worked…

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In Sahara saga, small investors find a new hope

July 29, 2023 admin

Soon after a new Ministry to look after the cooperative sector was formed in 2021, the corridors of its old offices at Krishi Bhavan in Delhi’s Central Secretariat were filled with thousands of letters and postcards. Many handwritten, they had to be stuffed into gunny bags. All had the same request: a refund from the…

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Turbulence hits UDAN scheme, 50% routes grounded

July 29, 2023 admin

The government’s biggest claim to success in aviation since 2014 is building “74 airports in seven years”, as opposed to the same number built in the seven decades since Independence. However, only 11 of these airports have actually been built from scratch, while 15 airports have fallen into disuse over this period, due to the…

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Hostel accommodation to attract 12% GST: AAR

July 29, 2023 admin

Image used for representative purpose onl. | Photo Credit: DEEPAK KR Students will have to shell out more for hostel accommodation as a 12% GST would be applicable on the rent paid, the Authority of Advance Ruling said in two separate cases. The Bengaluru bench of the Authority of Advance Ruling (AAR) said hostels are…

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Focus on infrastructure, investment, innovation, inclusiveness to make India developed nation by 2047: Finance Minister

July 29, 2023 admin

Union Finance Minister Nirmala Sitharaman. | Photo Credit: Kamal Narang Finance Minister Nirmala Sitharaman on July 29 said the focus of the government is on four Is — infrastructure, investment, innovation and inclusiveness — to make India a developed nation by 2047. She said India has necessary wherewithal to meet the goal set by Prime…

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