Prizes up to Rs 50 lakh in GST analytics hackathon
Chandigarh/New Delhi, August 23 The Goods and Services Tax Network (GSTN) is organising “GST Analytics Hackathon”, an initiative to drive innovation in tax compliance through predictive analytics. The challenge invites Indian students, researchers and professionals from startups and companies to... Key Points
The TribuneModi govt makes Rs 2 lakh cr jobs & skilling push in budget, Congress says 'adopted' from its manifesto
Package incorporates 5 schemes & initiatives to facilitate employment, skilling & other opportunities. Congress takes credit, citing 'sustained election campaign' against unemployment. Key Points
ThePrintBudget 2024: Tax practitioners' urge govt to rationalise personal income tax
Union Budget 2024: The All India Federation of Tax Practitioners (AIFTP) has called for a 10% exemption limit on personal income tax in the upcoming Union budget. The tax structure should be simplified to ease compliance. The AIFTP president also suggested eliminating the surcharge and cess, arguing that the government's failure to explain how the education cess is used is unjustified. Key Points
Economic TimesAgniveer's father says received Rs 98 lakh from Army, wants martyr status for son
Speaking to India Today TV, the father of Agniveer Ajay Kumar admitted that he has received Rs 98 lakh as compensation from the Army. This comes a day after he claimed in a video, which was shared by Rahul Gandhi, that he hadn't received any compensation. Key Points
India TodayBought for Rs 2 lakh, sold for Rs 10 lakh — Haryana Police bust kidney-trafficking racket in Gurugram
Racket was being run by Jharkhand resident who advertised organ sale on Facebook. Police say he kept Bangladeshi nationals in Gurugram guesthouse for ‘treatment’ at Jaipur's Fortis Hospital. Key Points
ThePrint
ITC, ICICI Bank and Titan among 25 stocks in Rahul Gandhi's Rs 4.30 crore stock portfolio
INC leader Rahul Gandhi's disclosed Rs 4.30 crore stock portfolio, which includes various companies like Suprajit Engineering, ITC, ICICI Bank, Alkyl Amines, Bajaj Finance, Tata Consultancy Services, Britannia Industries, and Titan Company. Key Points
Economic TimesRs 3.8 crore mutual fund investments, Rs 55,000 cash in Rahul Gandhi's assets
Rahul Gandhi declared his assets including stock market investments, mutual funds, and bank deposits totalling over Rs 20 crore, alongside liabilities of about Rs 49.7 lakh. Key Points
India TodayProcurement of services on GeM platform grew 205 pc in 2023-24
New Delhi [India], March 29 (ANI): Procurement of services through the GeM portal witnessed a staggering 205 per cent growth in the current financial year 2023-24, official data showed. Government e-Marketplace (GeM) has closed the current fiscal year on a high note, crossing the milestone of Rs 4 lakh crore in Gross Merchandise Value (GMV). […] Key Points
ThePrintIndia's April-February fiscal deficit at Rs 15.01 lk cr, hits 86.5% of FY24 target
India's fiscal deficit for April-February of FY24 reached Rs 15.01 lakh crore, constituting 86.5% of the annual target. This figure compares to Rs 14.53 lakh crore during the same period last year Key Points
Economic TimesGovt plans to borrow Rs 7.5 lakh cr from market in first half of FY25
New Delhi, Mar 27 (PTI) The Centre is planning to raise Rs 7.5 lakh crore through market borrowing in the April-September period of 2024-25 to fund the revenue gap to push economic growth, the finance ministry said on Wednesday. Out of gross market borrowing of Rs 14.13 lakh crore estimated for 2024-25, Rs 7.5 lakh […] Key Points
ThePrint
Net sugar output dips marginally at 280.79 lakh tonnes so far in 2023-24 mkt yr ending Sep: ISMA
India's sugar production declined to 280.79 lakh tonnes by March 15. Maharashtra, Karnataka, and Uttar Pradesh experienced varying levels of decrease. ISMA reported 371 active factories. Ethanol manufacturing and FRP hike were notable developments. Key Points
Economic TimesLuxury members-only club Soho House to expand presence in India
The company's current membership costs about ₹1.6 lakh per annum for individuals if they want to enroll for just one house (say the one in Mumbai) and ₹3.1 lakh for all-house access. Key Points
mintISMA revises upwards estimates of gross sugar output by 9.5 lakh tons to 340 lakh tons in 2023-24
The Indian Sugar Mills Association (ISMA) revised its projection for the gross sugar production for the 2023-24 marketing year to 340 lakh tonnes, up by 9.5 lakh tonnes from the earlier estimate of 330.5 lakh tonnes. This adjustment considers higher-than-expected sugarcane availability in Maharashtra and Karnataka, though Uttar Pradesh's supply is anticipated to be lower. Key Points
Economic TimesWheat stock with Food Corporation of India falls below 100 lakh tonnes for the first time since 2018
The Food Corporation of India (FCI) has reported a decrease in wheat stocks, falling below 100 lakh tonnes for the first time since 2018. However, rice stocks held by FCI currently exceed four times the buffer norm. Despite the drop in wheat stocks, the current level remains above the statutory buffer stock requirement. FCI anticipates a notable improvement in wheat procurement this year. Key Points
Economic TimesPSU banks lead decline in complaints with regulator
India Business News: RBI's integrated ombudsman has recorded a decline in the volume of grievances from regulated entities in FY23. Grievances dropped to 2.35 lakh in FY2 Key Points
Times Of India
'Centre plans to procure five lakh tonnes of onions this year for buffer stock'
The government's plan to create buffer stock comes amid an estimated fall in onion output in 2023-24. Production of onion in 2023-24 is expected to be around 254.73 lakh tonnes compared to around 302.08 lakh tonnes last year due to a decrease of 34.31 lakh tonnes in Maharashtra, 9.95 lakh tonnes in Karnataka, 3.54 lakh tonnes in Andhra Pradesh and 3.12 lakh tonnes in Rajasthan, the agriculture ministry said in a statement on Thursday. Key Points
Economic TimesBYD Seal launched in India at ₹41 lakh with ADAS, up to 650 km of range
The e-sedan is being offered in three variants, including Dynamic, Premium, and Performance. The latter two come for ₹45.55 lakh and ₹53 lakh, respectively. Key Points
Hindustan TimesMan duped of ₹5.6L on IPO investment pretext
A man from Dehradun has been defrauded of ₹5.6 lakh by individuals pretending to represent a US-based capital management firm. The victim, Pramod Sing Key Points
Times Of IndiaHousehold income limit for micro loans should be raised to ₹5 lakh, demand NBFCs: Report
The last time criteria relating to the annual household income limit for giving micro loans to individual borrowers was revised was in 2022, when it was upped from ₹1.25 lakh in rural areas and ₹2 lakh in urban and semi-urban areas to a uniform ₹3 lakh. Key Points
mintAgri credit crosses Rs 20 lakh crore till Jan in FY24; sharp jump from Rs 7.3 lakh cr in 2013-14
The Modi government has significantly increased institutional credit in the agriculture sector, with banks disbursing Rs 20.39 lakh crore. The government implements an interest subvention scheme for short-term crop loans and provides income support to farmers through the PM-KISAN scheme. The government has spent Rs 18. Key Points
Economic Times
FM Nirmala Sitharaman presents Budget 2023
Railways get Rs 2.4 lakh crore, which is the highest ever allocation to it. FM Nirmala Sitharaman presents Budget 2023 Photogallery at ETimes Key Points
Times of IndiaCrypto fraud alert: Gurugram-based exec meets women on matrimonial site, gets duped of ₹38 lakh. Here's what happened
A Gurugram-based consulting firm executive met the women on a matrimonial site. She asked him to invest in cryptocurrency and made him a trading account on a website called m.deuncoin.vip Key Points
mintYou could recover additional cost of Tata Nexon EV within a year. Here's the math
Recent price cuts by Tata Motors and MG Motors have changed the calculations. Now the additional cost you pay for an electric vehicle can be recovered within a year, which means you could save a fortune with an EV throughout its lifetime. Key Points
Economic TimesIndia's net direct tax collection at Rs 15.6 lakh crore till Feb 10, reaches 80% of revised target
India's net direct tax collection reached Rs 15.60 lakh crore as of February 10, representing approximately 80 percent of the revised target set for the entire financial year. Key Points
Economic TimesSIP inflows hit new record, cross Rs 18,000 crore for first time in January
The asset base for SIP rose 3.12% in January to Rs 10.26 lakh crore. The SIP AUM was Rs 9.95 lakh crore in December. The number of SIP accounts stood at the highest ever of 791.71 lakh in January, compared to 763.65 lakh in December. The number of new SIPs registered in January also attained a new milestone, with 51.84 lakh new registrations as against 40.32 lakh in December. Key Points
Economic Times
Interim Budget 2024: Modi govt hopes to bump up tax revenues in FY25
Finance Minister Nirmala Sitharaman proposed higher direct and indirect taxes in the interim Budget 2024 to boost India's economy. The gross tax revenue for fiscal 2025 is estimated to be Rs 38.31 lakh crore, up 11.45% from the revised target for this fiscal year. The government aims to raise Rs 21.99 lakh crore from direct taxes and Rs 16.31 lakh crore from indirect taxes in fiscal year 2025. The revised direct tax collection aim for the current financial year is Rs. 19.45 lakh crore, while indirect tax collection is revised to Rs 14.92 lakh crore. Key Points
Economic TimesGross sugar output may fall 10 pc to 330.5 lakh tonnes in 2023-24 marketing year ending Sep: ISMA
India's sugar production, without ethanol diversion, is estimated to decline 10% to 330.5 lakh tonnes in the current marketing year. Maharashtra and Karnataka are likely to see lower output. The gross production in Maharashtra is estimated to fall to 99.9 lakh tonnes, while in Karnataka it may dip to 49.7 lakh tonnes. In Uttar Pradesh, the gross output is seen increasing marginally. The government has allowed sugar diversion of only 17 lakh tonnes for ethanol production. This could result in a net sugar production of around 313.5 lakh tonnes. Key Points
Economic TimesFarmers get nearly Rs 18 lakh crore as MSP for wheat, paddy crops in last 10 years: President Murmu
In her first address to a joint sitting of the two Houses in the new Parliament building, Murmu said, My government is laying stress on making farming more profitable. Our aim is to reduce the cost of farming while increasing profits. For the first time, Murmu said, the government has given priority to over 10 crore small farmers in the agricultural policy and schemes. Key Points
Economic TimesHome loans above Rs 75 lakh account for 30% of new loans; check latest home loan interest rates
The home loan landscape is experiencing a shift from the affordable housing sector to more upscale residences. Home loan data shows a notable change in value and volume, with a shift from Rs 5 lakh to Rs 35 lakh to Rs 35 lakh to Rs 75 lakh. Loans above Rs 75 lakh now make up 30% of the total, while loans between Rs 35 lakh and Rs 75 lakh account for 31.4%. Key Points
Economic TimesHome loans see shift from affordable to higher value
India Business News: Discover the latest trends in home loans as the market shifts from affordable housing to higher-value homes. Learn about the increase in loan sizes and the changing demographics of borrowers. Key Points
Times Of India
Retirement planning: How to earn monthly income of Rs 1.5 lakh
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away. Key Points
Economic TimesInterim Budget: Govt may increase agri-credit target to Rs 22-25 lakh crore
Currently, the government provides interest subvention of two per cent on short term agri-loans of up to Rs 3 lakh for all financial institutions. This means farmers are getting a farm loan of up to Rs 3 lakh at a concessional rate of 7 per cent per annum. Key Points
Economic TimesUsed car mkt sees price surge, SUV demand
India Business News: The used car market is experiencing a surge in prices, especially for SUVs, due to the increase in new car prices. Find out more about the rising demand for used SUVs and the impact on ticket prices in the market. Key Points
Times Of IndiaBudget 2024 income tax: Basic exemption limit should be increased to Rs 3.5 lakh - here’s why
Budget News: Find out why the basic exemption limit for income tax in Budget 2024 should be increased to Rs 3.5 lakh. Learn about the potential benefits for taxpayers and the need to cushion against inflationary pressures. Read more on Example News. Key Points
Times Of IndiaCricketer Rohit Sharma leases two apartments in Mumbai for ₹3 lakh per month
The monthly rent for the first year is ₹3.1 lakh, ₹3.25 lakh for the second year and ₹3.41 lakh for the third year, the lease documents showed. Key Points
Hindustan Times
Fertiliser subsidy bill likely to dip 30-34% to Rs 1.8 lakh crore
Subsidy is expected to be lower this year because of fall in global prices. We have not increased retail prices to reduce subsidy, he said, adding that subsidy bill is estimated around ₹1.7-1.8 lakh crore. Key Points
Economic TimesHyundai rolls out new Creta
Hyundai Motor India on Tuesday launched the new facelift Creta at prices starting from Rs 11 lakh (ex-showroom). It comes with a muscular look,... Key Points
The Tribune IndiaFM Nirmala Sitharaman presents Budget 2023
Railways get Rs 2.4 lakh crore, which is the highest ever allocation to it. FM Nirmala Sitharaman presents Budget 2023 Photogallery at ETimes Key Points
Times of IndiaBengaluru, world's second-most congested city, now has the highest number of cars in India, overtakes Delh
Bengaluru has overtaken Delhi as the city with the highest number of private cars, with 23.1 lakh cars compared to Delhi's 20.7 lakh. Delhi has implemented measures to deregister and scrap overaged vehicles. The city already holds the undesirable distinction of being the second most traffic congested city, highlighting the severity of the issue. Key Points
Economic TimesStocks in news: VST Industries, DMart, Hindustan Zinc, RVNL, Adani Enterprises
Bank of Maharashtra's total business rose 19% year-on-year to Rs 4.35 lakh crore in the December quarter, compared with Rs 3.66 lakh crore. Key Points
Economic Times
India's Oct-Dec sugar output dips 7.7 pc to 112 lakh tons: NFCSF
However, Uttar Pradesh, the country's second largest sugar producing state, produced more sugar at 34.65 lakh tonnes till December of this season, when compared to 30.80 lakh tonnes in the year-ago period. NFCSF said the average sugar recovery in the country stood at 9.17 per cent and as winter progresses, sugar yield is expected to increase accordingly . Key Points
Economic TimesFM Nirmala Sitharaman presents Budget 2023
Railways get Rs 2.4 lakh crore, which is the highest ever allocation to it. FM Nirmala Sitharaman presents Budget 2023 Photogallery at ETimes Key Points
Times of IndiaJ&K police announces rewards upto Rs 12.5 lakh for info on militants, inciting activities in masjids & col
The Jammu and Kashmir Police have announced cash rewards of Rs 1 lakh to Rs 12.5 lakh for individuals who provide information and intelligence on trans-border tunnels, drones, narcotics, militants, people talking to Pakistan-based handlers, separatists in jail, and activities in masjids, madrasas, and colleges. The highest reward is for specific information about the presence of militants, resulting in successful operations leading to arrest or combat. Key Points
Economic TimesIndia's total debt rises to Rs 205 lakh crore in Sept quarter
India's total debt rises to Rs 205 lakh crore in Sep quarter Mumbai. The country's total debt, or the total outstanding bonds which are being traded in the market, rose to USD 2.47 trillion (Rs 205 lakh crore) in the September quarter, according to a report. Key Points
Economic TimesIndia sees 25% fall in vegetable oils import in Nov: SEA
India's vegetable oil imports fell by 25% to 11.60 lakh tonnes in November 2023, compared to 15.45 lakh tonnes in the previous year, according to industry body SEA. The country's crude vegetable oils declined by 26.34% to 9.77 lakh tonnes, while refined vegetable oils imports fell by 15.41% to 1,71,069 tonnes. Key Points
Economic Times
Net direct tax collection at Rs 10.64 lakh cr in Apr-Nov; 58.34 pc of BE
The net tax collection for April-November stood at Rs 10.64 lakh crore, which is 23.4 per cent higher than the corresponding period of last year, the Ministry of Finance said. Gross collections, before issuing refunds, grew 17.7 per cent to Rs 12.67 lakh crore in the April-November period. Refunds amounting to Rs 2.03 lakh crore issued from April to November of the current fiscal. Key Points
Economic TimesIndia exports 26 lakh tonnes of basmati rice, 73.18 lakh tonnes of non-basmati rice in Apr-Oct: Govt
India has exported 26.08 lakh tonnes of basmati rice and 73.18 lakh tonnes of non-basmati rice during the April-October period of this fiscal year. In a written reply to Lok Sabha, Agriculture Minister Arjun Munda shared export data of major food grains. Key Points
Economic TimesAgri-commodities exports decline to 17.93 lakh tonnes in Sept: APEDA
The export of agri-commodities, including basmati rice, decreased to 17.93 lakh tonnes in September compared to 27.94 lakh tonnes in August, according to APEDA. Exports of farm items fell to nearly 18 lakh tonnes due to restrictions on rice varieties. The total export of agri-commodities in April-September was 172.27 lakh tonnes. Key Points
Economic TimesPulse polio drive from today set to cover 36 lakh children in Madhya Pradesh
The campaign will be carried out in 16 districts in the state. In Indore, around five lakh children will be inoculated at 3,500 booths. Key Points
Hindustan TimesGovt says 45.59 lakh jobs created so far under Pradhan Mantri Matsya Sampada Yojana
As of now, approximately 45.59 lakh employment opportunities have been generated under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), according to information shared by the government in response to a query in Parliament. Key Points
Economic Times
Only 85.9 lakh tourists visited India in 2022, way below pre-Covid levels, Union Minister informs Lok Sabha
Foreign tourist arrivals in India are yet to reach the pre-pandemic levels as only 85.9 lakh of them visited the country in 2022 as against 2.88 crore in 2018 and 3.14 crore in 2019, according to government data Key Points
FirstpostBengaluru techie loses Rs 61 lakh after receving a part time job, here is what happened
In a harrowing incident, a 41-year-old tech professional hailing from Bengaluru fell prey to an elaborate scam on the messaging platform Telegram, losing a whopping Rs 61.58 lakh. Here is what happened. Key Points
India TodayFM Nirmala Sitharaman presents Budget 2023
Railways get Rs 2.4 lakh crore, which is the highest ever allocation to it. FM Nirmala Sitharaman presents Budget 2023 Photogallery at ETimes Key Points
Times of IndiaIn 7 months, India's fiscal deficit hits 45 per cent of FY24 target
In absolute terms, the fiscal deficit between April and October this year stood at ₹8.03 lakh crore against ₹7.6 lakh crore a year ago. The government has pegged FY24 fiscal deficit at 5.9% of the GDP or ₹17.8 lakh crore. A 15% year-on-year decline in capital expenditure (capex) in October helped contain the fiscal deficit at the end of seven months. Capex expanded 33.7% in the April-October period, data showed. Key Points
Economic TimesMarriage Mania: One couple in New Delhi will tie the knot every 4.5 seconds in next 3 weeks
The capital city is set to witness a matrimonial extravaganza as families come together to celebrate the union of their loved ones. During this season, Delhi will witness a single wedding every 4.5 seconds in next three weeks Key Points
Firstpost
Independent directors' pay more than doubles in 5 years
The median compensation for independent directors at at India's top blue-chip companies has more than doubled to ₹72 lakh in FY23, from ₹35.5 lakh five years ago, an analysis of Nifty 50 companies by specialised executive compensation advisory firm, Exec-Rem Advisors shared with ET has revealed. Key Points
Economic TimesWheat sowing down 5 pc so far in ongoing rabi season at 86 lakh hectares: Govt data
New Delhi, Nov 17 (PTI) Area under coverage for wheat has fallen 5 per cent to 86.02 lakh hectares so far in the ongoing rabi (winter-sown) season, according to the agriculture ministry data. The sowing area of wheat stood at 91.02 lakh hectares in the same period last year. “About 86.02 lakh hectares area coverage […] Key Points
ThePrintStocks in news: Delhivery, RIL, Jio Fin, Airtel, IDBI Bank, Hero MotoCorp, Page Inds
Subsidiary Reliance Jio Infocomm added 32.4 lakh users in August, and its wireless subscriber tally topped 44.57 crore, according to data released by telecom regulator TRAI. Key Points
Economic TimesProcurement from GeM portal crosses Rs 2 lakh crore so far this fiscal
GeM has over 63,000 government buyer organisations and over 62 lakh sellers and service providers, offering a wide range of products and services. Currently, government departments, ministries, public sector units, state governments, and central armed police forces are allowed to carry out transactions through this portal. Key Points
Economic Times'Amazing & unforgettable’: PM shares photos from 'deepotsav’ event in Ayodhya
Ayodhya set a new Guinness World Record on Saturday by lighting over 22.23 lakh ‘diyas’ during 'Deepotsav 2023'. | Latest News India Key Points
Hindustan Times
‘36.76% of households in Bihar have concrete houses with two or more rooms’
36.76% of households in Bihar have concrete houses (2+ rooms), 22.37% have concrete houses (1 room), 26.54% have tin shed houses, and 14.09% live in huts. Only 0.24% are homeless. Key Points
Hindustan TimesWith 1.2 lakh teacher appointments, Nitish makes a jobs push ahead of 2024
CM has also reiterated pledge to give 10 lakh jobs to youth, an idea for which he had originally criticised Tejashwi Yadav. Bihar's unemployment rate is more than twice national figure. Key Points
ThePrintWhere to invest to generate a regular income of Rs 1 lakh per month after retirement
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away. Key Points
Economic TimesFM Nirmala Sitharaman presents Budget 2023
Railways get Rs 2.4 lakh crore, which is the highest ever allocation to it. FM Nirmala Sitharaman presents Budget 2023 Photogallery at ETimes Key Points
Times of India