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TAX SEASON GOVERNMENT SHUTDOWN IMPACT
Govt lens on e-rickshaw remote shutdown issue; two apps including BAT-BMS removed from app storesConcerns over e-rickshaws being remotely disabled via a Chinese app, BAT-BMS, have prompted government action. IT Secretary S Krishnan conf...- Punjab revokes livestock transit levy, ending Kashmir mutton supply crisisKashmir's severe mutton shortage has ended after the Punjab government lifted an illegal levy on livestock transport vehicles. Following in...
- Delhi e-rickshaw drivers fear remote shutdowns amid trafficE-rickshaw drivers in Delhi are living in fear as a smartphone app allegedly shuts down their vehicles mid-road, risking fatal accidents. V...
- Food inflation projected to average 6% in FY27 amid rainfall deficit concerns: CareEdge RatingsIndia faces a challenging economic outlook with food inflation projected at 6% and CPI at 5% in FY27, largely due to a severe monsoon defic...
- OpenAI offers 5% stake to Trump administration: reportThe proposed arrangement would involve other U.S. AI companies handing over a similar stake to the government, The Financial Times reporte...
- Parliament Standing Committee on Finance to review Virtual Digital Assets; RBI, ICAI to take partParliament's Standing Committee on Finance is set to scrutinize the regulatory future of Virtual Digital Assets (VDAs) on July 2nd. The com...
- Domestic car sales surge in June on tax cuts, lower interest rates & strong demandIndian car sales surged over 24% in June, marking a strong third consecutive month of double-digit growth. This boom, fueled by tax cuts an...
- Punjab levy row leaves Kashmir's wedding season facing a mutton crunchKashmir's wedding season is marred by a severe mutton shortage, with traders blaming an "illegal" levy imposed by Punjab on livestock. This...
- M&M total sales jumps 37% to 1.06 lakh units in JuneMahindra & Mahindra witnessed a robust 37% surge in total sales for June, reaching 1,06,207 units. Domestic SUV sales climbed 28%, while co...
- In Graphics: How GST cuts triggered a rally for Indian businessesGovernment analysis reveals that last September's Goods and Services Tax rate adjustments led to a significant expansion of the tax base. H...
- E25 petrol blend's test drive begins; study report expected by end of next yearIndia is embarking on testing E25 petrol, which contains 25% ethanol, to evaluate its capabilities in vehicles. This initiative seeks to bo...
- Let's gilt trip those foreign investorsGoldman Sachs highlights Indian government bonds as a prime investment opportunity for foreign investors. Favorable policy changes by the I...
- Government extends CBDT chief Ravi Agrawal's tenure by 6 monthsRavi Agrawal, Chairman of the Central Board of Direct Taxes (CBDT), has received a six-month tenure extension, keeping him in the role unti...
- Below-normal monsoon won't derail rural demand, says Nomura's Mihir ShahDespite fears of a weaker monsoon, Nomura's Mihir Shah anticipates muted impact on rural demand due to healthy reservoir levels and improve...
- Monsoon blues, weak demand dampen July outlook for cement pricesCement prices are expected to hold steady in July, with the monsoon and sluggish demand dampening prospects for significant hikes. While Ju...
- Seed stocks adequate, but last-mile delivery remains critical: FSIIIndian seed companies are holding substantial surplus stock for the upcoming kharif season, aiming to mitigate potential losses from a weak...
- India's higher nominal GDP growth may help contain fiscal pressures despite global risks: EYIndia's fiscal deficit is expected to remain under control in FY27, thanks to robust nominal GDP growth driven by higher inflation, accordi...
- European heatwave's unlikely accomplice: an ocean 'cold blob'Often called the "cold blob", this swath of water in the North Atlantic has bucked the global warming trend, cooling even as the planet's t...
- Coal stocks at power plants seen at 42 MT as demand surgesCoal stocks at thermal power plants are projected to be around 42 million tonnes at the monsoon's onset, a dip from last year's 58 million ...
- Shutdown across Ladakh as LAB, KDA push for 'credible dialogue' with CentreLadakh observed a shutdown as the Leh Apex Body and Kargil Democratic Alliance protested the Centre's alleged failure to honor agreements f...
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