Monetary policy in India has been navigating diverging economic trends. While GDP growth continues to surprise on the upside, core inflation seems set on a downward trajectory. However, food inflation — typically considered idiosyncratic — has stayed stubbornly elevated, restricting the fall in the consumer price index (CPI) and restraining the Monetary Policy Committee of the Reserve Bank of India. Mint Road wants to rein in inflation at 4 per cent on a durable basis from 4.8 per cent now. But is this possible without falling food inflation? Food commands…
Month: July 2024
Waterlogging keeps civic bodies busy amid short, intense showers in Delhi | Delhi News
Short and intense spells of rain lashed parts of Delhi-NCR on Wednesday, leading to instances of waterlogging, traffic snarls, and falling of trees. The city recorded a significant amount of rainfall as the Palam station logged 25.4mm while the Safdarjung base station observed 10.1mm rainfall between 2.30 pm and 5.30 pm. While seven complaints of waterlogging were received at the control room of the Municipal Corporation of Delhi (MCD), three were reported at the New Delhi Municipal Corporation (NDMC) control room. Besides, two cases of trees falling were reported. The…
Maximizing Home Loan Benefits in Income Tax with Auto Calculate and Auto Preparation Income Tax Software All in One in Excel for the F.Y.2023-24 and A.Y.2024-25
Introduction: Owning a home is a dream for many individuals, and the government recognizes the importance of this investment. To encourage homeownership, several tax benefits are available to individuals who have taken a home loan. Understanding Maximizing Home Loan Benefits in Income Tax| These benefits can help you make the most of your home loan while minimizing your tax liability. In this article, we will explore the key home loan benefits in income tax. 1. Deduction on Interest Payment: Maximizing Home Loan Benefits in Income Tax| One of the significant advantages of a home…
UK PM Starmer makes international debut at NATO summit vowing full Ukraine support | World News
Announcing his international debut at a NATO Summit in Washington, newly inducted UK Prime Minister Keir Starmer has shown staunch support to Ukraine in its war against Russia. Continuing his predecessor Rishi Sunak’s stance toward Ukraine, Starmer went a step ahead in suggesting that strikes inside Russia could be facilitated by British missiles (Storm Shadow). Starmer’s steadfast support message comes at a time when the US election is approaching in November and Republican contender Donald Trump has announced that he would cut a deal with Russia and end the Russia-Ukraine…
Ayodhya’s land sold to outsiders: Akhilesh | Lucknow News
Samajwadi Party (SP) chief Akhilesh Yadav Wednesday demanded an investigation into the land deals in Ayodhya in the past seven years. Reacting to an investigative report published in The Indian Express, Akhilesh said that it is now emerging that people from elsewhere bought and sold land in Ayodhya on a large scale to make profits. Congress leader Priyanka Gandhi Vadra also posted on X: “Common people would know the price of flour and pulses. Ministers and officials were busy finding out the price of land in Ayodhya.” Akhilesh posted an…
TRP Game Zone fire: Kin of victims seek monitored probe, more compensation | Ahmedabad News
Family members of those killed in TRP Game Zone fire in Rajkot met Chief Minister Bhupendra Patel on Wednesday, making several demands, including the ongoing probe be monitored by a committee of retired judges, trial be completed within six months and a compensation of Rs 50 lakh per family. If their demands were not fulfilled, they would launch an agitation, the relatives warned. They submitted a memorandum to Patel, which has also been addressed to Prime Minister Narendra Modi, Union Home Minister Amit Shah and Union Water Resources Minister and…
Engineering Diploma: New-age courses, computer engineering in demand | Mumbai News
Ahead of admissions for engineering diploma courses in Maharashtra, the government has approved as many as 14 applications by diploma institutes to start new courses in Artificial Intelligence and Machine Learning (AI&ML). While 19 applications requesting increase in intake for Computer Engineering Diploma have been approved by the government, among those approved for closures, highest are from traditional branches–13 from civil engineering and 12 from mechanical engineering. While engineering diploma admissions are still ongoing in state, five new private diploma institutes have been approved by the state government. It has…
UAE court issues life sentences to 43 it says operated local Muslim Brotherhood group | World News
A United Arab Emirates (UAE) court on Wednesday sentenced 43 dissidents to life in prison for operating what it said was a Muslim Brotherhood group that aimed to commit attacks in the country, state news agency WAM reported. Eleven others received lesser sentences and six companies were convicted of money laundering to support a terrorist organization, it added. A human rights coalition, which includes Human Rights Watch, said the convictions followed a mass trial that was “fundamentally unfair” and called for them to be immediately overturned. The UAE’s media office…
Over 17 Oppn MPs write to Railway Minister highlighting work stress among loco pilots | India News
Over 17 Members of Parliament from the opposition parties have written to Railway Minister Ashwini Vaishnaw highlighting various issues that plague the train drivers and result in red-signal overshoots as well as accidents. However, Vaishnaw in a social media post on Wednesday said the opposition is spreading a lot of misinformation to demotivate the loco pilots. According to the railway minister, loco pilots’ duty hour is less than eight hours in June 2024 and 7000 loco cabs and almost all (558) running rooms are now air-conditioned. After the loco pilot…
Yellow alert in Mumbai from tomorrow | Mumbai News
AFTER torrential downpour brought the city to a standstill, Mumbai witnessed subdued showers and sunny skies throughout Wednesday. The India Meteorological Department (IMD) has issued a yellow alert in the city from Thursday with weather scientists indicating that the city is slated to witness moderate to heavy spells over the next 3 to 4 days. On Wednesday, the city woke up to sunny skies with the IMD’s Santacruz observatory recording 4 mm and Colaba station registering 3 mm rain between Tuesday and Wednesday morning. During the same period, the BMC’s…