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Food safety regulator FSSAI has started taking samples of spices in powder form of all brands, including MDH and Everest, from across the country in view of quality concerns flagged by Singapore and Hong Kong, a government source said. “In view of the current development, FSSAI has taking samples of spices of all brands, including…
Read More “MDH, Everest masala row: FSSAI to check quality of spices sold in India” »
Using Skillveri’s proprietary software, workers can be taught welding, spray painting, and HVAC and solar panel installation | Photo Credit: Special Arrangement Can you play basketball on the Moon? That’s the feat Skillveri pulled off to showcase at the G20 Summit in 2023. The start-up’s idea was to make children practically understand how gravity worked…
Read More “How a Chennai-based firm is using virtual reality to train industrial workers” »
File. | Photo Credit: C. Venkatachalapathy The rupee appreciated 5 paise to 83.39 against the U.S. dollar in early trade on April 22, supported by a firm trend in domestic equities. Forex traders said the local unit gained ground as the American currency and crude oil prices retreated from their elevated levels. At the interbank…
Read More “Rupee rises 5 paise to 83.39 against U.S. dollar in early trade” »
File image. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty climbed in early trade on April 22 amid a rally in Asian markets, decline in Brent crude oil prices and buying by foreign investors. Extending its previous day’s rebound, the 30-share BSE Sensex climbed 639.85 points to 73,728.18 in early trade. The NSE…
Read More “Sensex climbs 640 points; Nifty tops 22,300-level in early trade” »
The fall in household savings has been at the heart of recent debates in India. The decline in household savings is brought about by a drastic reduction in net financial savings as the household net financial savings to GDP ratio attained a four-decade low. Figure 1 shows the broad trend in household savings, physical savings…
Image for representation purpose only. | Photo Credit: V. Sudershan India’s net direct tax collections surged by a massive 17.7% year-on-year to ₹19.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department said on Sunday. Net collections of income and corporate taxes, which make up…
Read More “Direct tax collections exceed estimates in FY24; jump 18% to ₹19.58 lakh crore” »
The story so far: The International Monetary Fund (IMF) released the latest global financial stability report on Tuesday warning about the risks to the global financial system from persistent high inflation, rising lending in the unregulated credit market, and increasing cyber-attacks on financial institutions. What is the IMF’s worry about inflation? The IMF has flagged…
Read More “What is the outlook on the global economy? | Explained” »
“I have leapt off a cliff. I can either grow wings or crash.” This is how a young trainee pilot describes his predicament after spending five years and ₹1.07 crore on learning how to fly, along with a steep employment bond of ₹50 lakh which locks him in for five years with the country’s biggest…
Prakash Kammaradi, Agriculture Economist, at a press conference in Mangaluru on Saturday, April 20. | Photo Credit: H.S. MANJUNATH The government should announce legally backed minimum procurement price for food crops and the Congress and the BJP, two major political parties contesting the Lok Sabha elections, should make their commitment on the same clear, former…
Zomato said it will be filing an appeal against the tax demand order before the appropriate authority. File (representational image) | Photo Credit: Reuters Online food delivery platform Zomato has received a tax demand and penalty order of ₹11.82 crore related to GST on export services provided to its subsidiaries located outside India from July…
