The central government’s fiscal deficit fell sharply to 0.8 per cent of the full-year target at the end of May 2025, aided by a record Rs 2.69 lakh crore dividend received from the Reserve Bank of India, according to data released by the Controller General of Accounts (CGA).In April, the fiscal deficit stood at 11.9…
Universities across the country are scrambling to understand the implications of generative A.I.’s transformation of technology. Source link
The Indian economy continues to grow at a healthy pace, remaining a key driver of global growth due to sound macroeconomic fundamentals and prudent policies, according to the Reserve Bank of India’s latest Financial Stability Report (FSR) released on Monday.In its half-yearly assessment of the financial system, the RBI said, “Despite an uncertain and challenging…
Whether caused by a long war or brief skirmish, the closing of skies to air travel is having big effects on cost, convenience and safety. Source link
The new fares shall be effective for tickets purchased from July 1, 2025. Indian Railways has on Monday officially notified a minor increase in railway fares, effective July 1, 2025. TOI had earlier reported that fares for passenger trains are likely to be hiked marginally.According to the Ministry of Railways, the adjustment aims to improve…
As the Senate prepares to vote on a key piece of the president’s domestic agenda, prominent critics, including Elon Musk, are speaking out. Source link
Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are two separate provisions under the Indian tax regime, both intended to facilitate early and efficient tax collection. Though applied during transactions, they differ in usage, liable parties, and the nature of the payments they cover.For both individuals and businesses, understanding how TDS and…
As businesses face economic uncertainty, seasonal work is harder to find, pushing the unemployment rate for teenagers above 13 percent. Source link
India’s industrial output growth fell to a nine-month low of 1.2% in May 2025, dragged down by weak performance in the manufacturing, mining, and electricity sectors, data released by the National Statistical Office (NSO) on Monday showed.The factory output, measured by the Index of Industrial Production (IIP), had grown 6.3% in May 2024, while the…
President Trump’s administration once promised 90 deals in 90 days. When it comes to the European Union, it may be more of a framework. Source link
