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Breaking News

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

Posted on July 31, 2023 By admin
At 8.2%, core sectors’ growth hits 5-month high in June

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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Business

Bitter truths in Maharashtra’s sugar fields

Posted on July 30, 2023 By admin
Bitter truths in Maharashtra’s sugar fields

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…

Read More “Bitter truths in Maharashtra’s sugar fields” »

Business

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

Posted on July 30, 2023 By admin
Over six crore Income Tax Returns filed in a new milestone, says Income Tax Department

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…

Read More “Over six crore Income Tax Returns filed in a new milestone, says Income Tax Department” »

Business

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

Posted on July 30, 2023 By admin
Unused UDAN routes will be up for re-bidding: Jyotiraditya Scindia

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…

Read More “Unused UDAN routes will be up for re-bidding: Jyotiraditya Scindia” »

Business

Explained | Mapping India’s chip design ecosystem

Posted on July 29, 2023 By admin
Explained | Mapping India’s chip design ecosystem

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…

Read More “Explained | Mapping India’s chip design ecosystem” »

Business

In Sahara saga, small investors find a new hope

Posted on July 29, 2023 By admin
In Sahara saga, small investors find a new hope

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…

Read More “In Sahara saga, small investors find a new hope” »

Business

Turbulence hits UDAN scheme, 50% routes grounded

Posted on July 29, 2023 By admin
Turbulence hits UDAN scheme, 50% routes grounded

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…

Read More “Turbulence hits UDAN scheme, 50% routes grounded” »

Business

Hostel accommodation to attract 12% GST: AAR

Posted on July 29, 2023 By admin
Hostel accommodation to attract 12% GST: AAR

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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Business

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

Posted on July 29, 2023 By admin
Focus on infrastructure, investment, innovation, inclusiveness to make India developed nation by 2047: Finance Minister

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…

Read More “Focus on infrastructure, investment, innovation, inclusiveness to make India developed nation by 2047: Finance Minister” »

Business

Data | Why India’s rice export ban impacts Asian and African nations the most

Posted on July 28, 2023 By admin
Data | Why India’s rice export ban impacts Asian and African nations the most

Rice kept for sale at a retail outlet in Kochi, Kerala. | Photo Credit: K.K. Mustafah  In the last couple of days, many panic-stricken Non-Resident Indians (NRIs) have thronged grocery stores and supermarkets in the United States to hoard bags of rice. Videos of people jostling to buy sona masuri rice (a lightweight and aromatic…

Read More “Data | Why India’s rice export ban impacts Asian and African nations the most” »

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