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Exports positive in April-June quarter despite global challenges: Piyush Goyal
India's exports have shown positive growth in May and June, with Commerce and Industry Minister Piyush Goyal highlighting the role of the services sector in boosting outbound shipments despite global challenges. Merchandise exports rose by 9.1 per cent to USD 38.13 billion in May, and the first quarter of the current fiscal remained in the positive territory. Minister Goyal expressed optimism that India's goods and services exports could surpass USD 800 billion this fiscal year.
ITR filing deadline should be permanently extended beyond July 31: Salaried get only 45 days to file tax returns
ITR filing deadline extension: The due date to file income tax return by a salaried individual is July 31, 2024 for FY 2023-24 (AY 2024-25). However, in reality salaried taxpayers get only 45 days to file their income tax return. Here are some reasons and why there is a need for permanent ITR filing deadline extension.
India's coal import rises 5 pc to 52 MT in April-May
India's coal imports increased by 5.3% to 52.29 million tonnes in April-May FY24, compared to the previous year. However, May imports dropped slightly to 26.19 MT from 26.57 MT last year. Despite potential import demand slowing due to monsoons and rising coking coal prices, domestic production remains robust.
Fiscal deficit in April-May at 3% of annual target
The official data revealed the fiscal deficit reduced significantly between April and May, indicating financial improvement. Analysts foresee a faster fiscal consolidation than expected, with potential to enhance expenditure. Aditi Nayar from ICRA highlighted the positive revenue trend, showcasing opportunities for economic growth and sustainability.
India's coal import rises 13% to 26 MT in April
India's coal imports surged 13.2% to 26.10 million tonnes in April 2024, driven by early summer demand. Non-coking coal reached 17.40 MT and coking coal 4.97 MT. Amid calls for boosting domestic production, imports continue to rise, expected to meet power and industrial sector needs ahead of monsoon season restocking
Rajnandgaon Lok Sabha Election Results 2024: Santosh Pandey vs Bhupesh Baghel, check who's winning?
Rajnandgaon, a significant Chhattisgarh Lok Sabha seat, saw voting during Phase 2 of the elections. Known as the 'sanskardhani' of Chhattisgarh, it has a voter count of 16,88,647, with a near balance between male and female voters.
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Mathura UP Lok Sabha Election Result 2024: Hema Malini vs Mukesh Dhangar vs Suresh Singh, who is winning?
After two months of hectic campaigning, election day has arrived in Mathura. The key contest features BJP's Hema Malini, Congress' Mukesh Dhangar, and BSP's Suresh Singh. The Mathura constituency, comprising Chhata, Mant, Goverdhan, Mathura, and Baldev, is a general quota seat. Known for its unpredictable voting patterns, Mathura has historically surprised political analysts.
Salaried individual filing ITR? Advisable to wait till June 15
ITR filing for salaried individuals: The last date to file income tax returns for salaried and other taxpayers (whose accounts are not required to be audited) is July 31 every year. However, it is advisable for salaried individuals to start the process of filing their tax returns after June 15 due to following reasons.
2024 Lok Sabha elections: Phase 6 voting on May 25. Here's what's open and what's closed
The sixth phase of the 2024 Lok Sabha elections is scheduled to take place tomorrow in multiple states. On Saturday, May 25, a total of 58 constituencies across eight states and union territories will conduct voting for Phase 6 of the Lok Sabha Elections 2024.
India only nation among top 5 to see growth in steel production
India is the only top five steel producing nation to see growth in production in April, while China, Japan, and the United States experienced a decline. India's steel production rose by 3.6% in April, with a total of 49.5 million tonnes produced from January-April this year.
Sales of Electral jump 26% in hottest April on record
India's pharma market took a dip in March after poor sales of respiratory and anti-infective therapies dropped post-winter. April saw the market bounce back with 9% growth year-on-year, on the back of gastroenterology medicines, Pan and Pan D, which increased sales by 19% and 17% respectively, liver therapies, Liv-52 by 17%, and Udiliv 28%.
Wholesale inflation rises to a 13-month high of 1.3% in April
Wholesale inflation hits a 13-month high of 1.26% in April, up from 0.53% in March, driven by food and fuel prices. Food articles see a significant rise, with double-digit inflation in rice, pulses, and vegetables. Rising crude prices contribute to fuel inflation. Experts predict continued inflation due to base effect and geopolitical tensions.
Wholesale inflation in April quickens to 13-month high of 1.26% on spikes in power, food prices
India's wholesale price index-based inflation accelerated to 1.26 per cent in April, a 13-month high, according to data from the Commerce Ministry. The increase was attributed to a major shortage in onion supply until the next kharif crop, which is expected to be a reversal from the current scenario. Potato WPI also accelerated by 71.97 per cent in April, compared to 52.96 per cent in March. The month-over-month change in WPI index for April 2024 stood at 1.26 per cent. Wholesale food inflation also increased to 5.52 per cent on an annual basis, while food inflation grew 1.94 per cent on a MoM basis.
This equity mutual fund delivered highest returns in April. Know what it bought and sold in the month?
HDFC Defence Fund bought 4.8 lakh shares or 1.76% in Garden Reach Shipbuilders. In multibagger Mazagon Dock Shipbuilders and smallcap JNK India, this fund purchased 1,55,901 (1.36%) and 4,96,367 (1.28%) shares, respectively. The market value of these shares at the end of April 30, 2024, stood at Rs 47.47 crore, 36.62 crore and 34.47 crore, respectively.
India's forex reserves decline by $2.41 bn to $637.92 bn as of April 26
India's foreign exchange reserves saw a decline of $2.41 billion to $637.92 billion as of April 26, according to the latest data from the Reserve Bank of India (RBI). This follows a previous decrease of $2.83 billion to $640.33 billion for the week ending on April 19, 2024. The RBI's Weekly Statistical Supplement revealed that Foreign Currency Assets (FCAs) dropped by $1.16 billion to $559.7 billion, while Gold reserves decreased by $1.28 billion to $55.53 billion.
LS polls: Kerala records 71.27 per cent polling, says EC
Kerala has registered 71.27 per cent voter turnout in the April 26 Lok Sabha polls, according to the updated figures released by the Election Commission on Monday. As many as 71.27 per cent of votes were cast on polling day in the state, Chief Electoral Officer Sanjay Kaul said.
Voting for six Lok Sabha seats in the northeast will be held on April 26
Voting for six Lok Sabha seats in the northeast will be held on April 26, the second phase of the general election. Five of these seats are in Assam and one in Tripura. The same day, one seat in Manipur will see partial voting.
AAP alleges Lt Governor's office has cancelled April 26 mayoral polls
Asked whether the party will approach court in the matter, he responded, "We are discussing with lawyers on the matter and will see what happens. We have seen duch difficulties earlier also but we will ensure that mayor is elected." AAP MLA Vishesh Ravi alleged that BJP was stopping a person from Dalit community from becoming the mayor.
Amravati Lok Sabha Elections 2024: Voting on April 26; key candidates and other important details
Amravati's Lok Sabha elections feature diverse candidates and voter demographics, reflecting the complex political landscape. The constituency's history of unique election dynamics underscores the significance of the upcoming 2024 elections.
Amroha Lok Sabha Elections 2024: Voting on April 26, check candidates, schedule and more
Congress has fielded Danish Ali from Amroha. Meanwhile, Ramesh Bidhuri was dropped by the BJP and the ticket for that constituency was given to Ramvir Singh Bidhuri.
Balurghat Lok Sabha Elections 2024: Voting on April 26; key candidates and other important details
Balurghat constituency in West Bengal, part of Lok Sabha elections, with Scheduled Castes history, assembly segments in multiple districts, and upcoming voting in Phase 2 on April 26 and results on June 4.
Lok Sabha elections 2024, Phase 2: Schools in these states and UTs to remain closed on April 26
The Indian Election Commission has disclosed the General Elections of 2024 schedule. The first phase of Lok Sabha elections saw approximately 60% polling. The second phase will involve various states with specific constituencies going to polls.
Vijay Deverakonda's 'The Family Star' to premiere on Amazon Prime o n April 26
According to Prime Video, 'The Family Star' will stream in India and over 240 countries and territories in Telugu and Tamil, followed by dubs in Malayalam and Kannada.
These Noida restaurants, hospitals to give 20% discount to voters on April 26 and 27
Noida's Lok Sabha elections feature Democracy Discount with 20% off at Desi Vibes, backed by NRAI. Felix Hospital promotes Vote for Healthy India. Gautam Buddh Nagar focuses on increasing civic engagement for higher voter turnout.
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