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IPL 2024 SRH vs PBKS
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T20 World Cup 2024: Team India
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Exit Poll Result 2024
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GST collection, CGST, GST, state GST collection, domestic transactions, imports, finance ministry

GST collection in May 2024 at Rs 1.73 lakh crore, posts 10% YoY growth

Policy Updated: June 1, 2024 19:51 IST

In May 2024, the Goods & Services Tax (GST) collections reached Rs 1.73 lakh crore, showing a 10% growth from the previous year. The Ministry of Finance reported that domestic transactions saw a significant increase of 15.3%, while imports slowed down by 4.3%. After refunds, the net revenue stood at Rs 1.44 lakh crore, with a 6.9% growth from last year.

Borisov announced that BRICS countries now operate over 1,200 national satellites

Forging a unified path in space: BRICS space agencies convene in Moscow

Business June 1, 2024 17:26 IST

BRICS space agencies met in Moscow to discuss a draft joint statement on preventing weapons deployment in space and ensuring sustainability. They also proposed the establishment of a BRICS Space Council and unveiled plans for a 'Milky Way' civilian security system. Collaboration on data exchange, remote sensing capabilities, and manned space missions were also discussed.

customs duty, gst, taxes, indirect tax, direct tax, economy

The undesirable burden of GST on students of impact education

Jobs and Career June 1, 2024 22:56 IST

India aims to achieve a 50% Gross Enrolment Ratio in higher education by 2035 through the National Education Policy. Private institutions are trying to bridge the gap between education and employability, but face obstacles such as lack of recognition and 18% GST. The government must create an enabling framework to promote innovation.

Delhi exit poll results,Delhi Exit Poll Result 2024 ,Exit Polls 2024 Delhi Result ,Delhi Lok Sabha Exit Poll 2024,Delhi Exit Poll Results,Lok Sabha Elections 2024,bansuri swaraj,Kanhaiya Kumar,Manoj Tiwari

Delhi Exit Poll 2024 LIVE: Clean sweep for BJP, Chandni Chowk may see tough fight

India News Updated: June 1, 2024 21:23 IST

Delhi exit polls project a clean sweep for BJP in the National Capital, with some predicting a possible win for Congress-AAP alliance in one seat. Today's Chanakya predicts BJP to win 6 seats while Congress-AAP alliance may win 1. However, AAP's Somnath Bharti claims INDIA Bloc will win all 7 seats and even offers to shave his head if Narendra Modi becomes PM for the third time.

rbi, cryptocurrency, cryptocurrency under rbi, indian currency, rbi news, cryptocurrencies, regulate cryptocurrency, india cryptocurrency, bitcoin, digital currency

Why the repo rate might have outlived its utility as a policy anchor

Policy June 1, 2024 17:20 IST

The repo rate, a key aspect of monetary policy, is closely monitored by bankers and bond traders. However, recent events have revealed that it may not have as much impact on interest rates as believed. Factors like household savings and FPI flows also play a significant role. As the economic landscape evolves, the effectiveness of the repo rate as an interest rate anchor is being challenged.

There is an expected cement demand to decelerate in FY25 on high base, General Elections, and limited hike in cement-intensive capex by the government in the Union Budget of FY25 (Photo: Freepik)

Elections, severe heatwave dampen cement demand, prices in May

Business June 1, 2024 17:46 IST

Elara Capital's report reveals a small price increase in the cement industry in April, but May saw a drop of Rs 4 per bag due to heatwave and elections. However, with monsoon and the end of elections, firms may raise prices in June. Despite challenges, lower fuel prices and cost-saving measures could balance any negative effects.

T20 World Cup 2024: Saurav Ganguly

T20 World Cup 2024: Sourav Ganguly advises team India to play freely in the tournament

Sports June 1, 2024 19:44 IST

Sourav Ganguly, former captain, advises Team India to play freely in upcoming ICC T20 World Cup. India to face Bangladesh in warm-up game on June 1. Ganguly praises India's "fantastic" side and hopes for strong performance. Defers to coach Rahul Dravid for advice due to T20's unpredictability. India aims to end trophy drought and reclaim T20 World Cup title.

RBI, dividend, surplus transfer, central government, provisions, contingency fund, balance sheet, reverse repo deposits, foreign income

Lower provisions aided RBI’s Rs 2.1 trillion surplus transfer to govt, says Kotak report

Policy Updated: June 1, 2024 19:54 IST

The RBI's surplus transfer of Rs 2.1 trillion was boosted by lower provisions and an increase in Available Realized Equity, leading to a record dividend payout to the government. This trend is expected to continue in FY2026 due to a significant increase in the RBI's balance sheet and potential contributions from foreign income and lower losses on investment revaluation.

S. Jaishankar had telephone conversation with his Nicaraguan counterpart, Denis Moncada Colindres.

Strengthening Ties: India and Nicaragua Discuss Bilateral Cooperation and Global Issues

Business Updated: June 1, 2024 19:32 IST

Indian External Affairs Minister S. Jaishankar and Nicaraguan Foreign Minister Denis Moncada Colindres had a phone conversation discussing bilateral cooperation and global issues. This follows Moncada Colindres' visit to India in 2019 and their meeting in 2023. India and Nicaragua also signed a MoU on Pharmacopoeia cooperation and have a strong trade relationship.

Sameer Aggarwal(Founder-and-CEO-of-Revfin)

Anticipating India’s Electric Vehicles Era

Business June 1, 2024 20:51 IST

Revfin is a digital lending platform in India that is transforming sustainable transportation and promoting financial inclusion. It uses advanced techniques like Biometrics and Gamification to provide loans based on non-traditional data.

Road map for a healthier India

The case for international healthcare corridors

Business June 1, 2024 19:58 IST

The global healthcare crisis has caused breakdowns and shortages in healthcare systems and institutions. To overcome these challenges, countries must establish "Healthcare Corridors" based on common understanding and policies. These corridors should be monitored with metrics like regulatory approval and access to talent and capital.

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