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As of 2023-24, the Central Government has failed to transfer ₹3.69 lakh crore worth of cess collections to the relevant funds for which the cess was implemented, the Comptroller and Auditor General has found. A cess is a levy over and above a tax and has to be used for a particular purpose. These short…
Vegetable and pulses prices contracted 21% and 14% respectively, driven by a high base and falling prices. File. | Photo Credit: Sushil Kumar Verma Retail inflation in India slipped to 1.55% in July 2025, the lowest since June 2017, and below the Reserve Bank of India’s comfort band of 2-6%, primarily led by a contraction…
Read More “India’s retail inflation falls to 1.55%, Hits 8-Year Low: NSO Report” »
Representative image | Photo Credit: Reuters The rupee consolidated in a narrow range to settle just 3 paise higher at 87.72 (provisional) against the U.S. dollar on Tuesday (August 12, 2025) amid a negative trend in domestic equities. Forex traders said the rupee is trading in a tight range as a late decline in domestic…
Read More “Rupee rises 3 paise to close at 87.72 against U.S. dollar” »
FIIs offloaded equities worth ₹1,202.65 crore on August 11, 2025, according to exchange data. File | Photo Credit: PTI Benchmark indices Sensex and Nifty ended lower in a highly volatile trade on Tuesday (August 12, 2025) dragged down by blue-chip bank stocks and caution ahead of domestic and U.S. inflation data. The 30-share BSE…
Read More “Markets in choppy waters; Sensex drops 368 points dragged by bank stocks” »
According to Natco Pharma, during the April-June quarter this year, the business faced pricing pressure in the U.S. product portfolio and the company incurred increased R&D expenses on account of high value projects. File | Photo Credit: Reuters Generic drugmaker Natco Pharma reported consolidated net profit for the June quarter declined more than 28% to…
In the local markets, gold of 99.5 per cent purity dipped ₹1,000 to ₹1,01,100 per 10 grams (inclusive of all taxes) on August 12, 2025. File photo: Special Arrangement Gold prices plunged ₹1,000 to ₹1,01,520 per 10 grams in the national capital on Tuesday (August 12, 2025) in line with a sell-off in global markets,…
Read More “Gold prices plunge ₹1,000 amid sell-off in global markets” »
Minister for Railways, Information and Broadcasting, Electronics and Information Technology Ashwini Vaishnav briefing the media on cabinet in New Delhi on August 12, 2025 | Photo Credit: Shiv Kumar Pushpakar The Union Cabinet on Tuesday (August 12, 2025) approved four projects under the India Semiconductor Mission (ISM). Two of the projects will be in Bhubaneswar…
Read More “Govt. approves four semiconductor plants in Odisha, Punjab, Andhra Pradesh” »
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The Union government’s gross direct tax collections contracted 1.9% to ₹7.99 lakh crore in the current financial year 2025-26 up to August 11, 2025, according to data released by the Central Board of Direct Taxes. Higher refunds also meant that net collections contracted 3.9%…
NASA astronauts Suni Williams, left, and Butch Wilmore en route to the launch pad at Space Launch Complex 41 on June 5, 2024, in Cape Canaveral, Florida, ahead of their lift0off on the Boeing Starliner capsule. | Photo Credit: AP One of NASA’s two astronauts who piloted the ill-fated Boeing Starliner crew capsule has retired…
Indian Council for Agricultural Research-Central Institute of Freshwater Aquaculture (ICAR-CIFA), Bhubaneswar, has been chosen to spearhead a multi-country effort to transform the lives of 1.2 lakh rural households, 30% of which comprise women, across Bangladesh, Bhutan, India, Nepal and Sri Lanka. The SAARC Development Fund (SDF), in partnership with leading national institutions and technical government…