India-Pak tensions lift Chinese jet maker's stock by 36% in 2 days
advertisement
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Deccan Herald
23 minutes ago
- Deccan Herald
When sambar met caviar
The Indian diaspora has become a lot more affluent, and they are seeking luxurious experiences, which include dining on exquisitely created and presented food from their home country.
Hindustan Times
23 minutes ago
- Hindustan Times
Shubhanshu Shukla set to return home today; Parl plans special session on mission
The Lok Sabha on Monday will hold a special discussion on India's space journey and Indian Air Force (IAF) Group Captain Shubhanshu Shukla's historic mission aboard the International Space Station (ISS), according to a notice issued by the Lower House. Delhi chief minister Rekha Gupta and union minister Jitendra Singh receive astronaut Shubhanshu Shukla on his arrival at the IGI airport, in New Delhi, early Sunday,(PTI) The House will debate on 'India's first astronaut aboard the ISS –– critical role of space programme for Viksit Bharat by 2047', a subject that can possibly end the deadlock in Parliament to hail India's new milestone in space journey. Shukla landed in New Delhi in the early hours of Sunday following his two-week long mission aboard the ISS in June-July. The session has been scheduled amid the Opposition's efforts to raise the issue of alleged manipulation of voter lists and the ongoing special intensive revision (SIR) of electoral rolls in poll-bound Bihar. Opposition leaders have sought a discussion over the SIR issue. However, the government has taken a stand that the House cannot take up a discussion on the matter as the case is sub judice in the Supreme Court and relates to Election Commission of India (ECI), an autonomous body, Protests over the same have led to the transaction of limited business in Parliament. 'But, given the nature of the debate on Shukla's journey to the ISS, there is a scope that the Opposition may join the discussion,' a senior Congress leader said on anonymity. In June, Shukla became the second Indian to go to space –– after IAF wing commander Rakesh Sharma –– as part of the Axiom-4 mission to the ISS. He returned to Earth on July 16. Alongside Shukla, the Ax-4 mission marked the return to human spaceflight programme for India, Poland and Hungary in over four decades. Representing the Indian Space Research Organisation (Isro), Shukla's return with all the learnings and experience from the Ax-4 mission is an important step for the Gaganyaan mission and setting up the Bharatiya Antariksh Station (the Indian Space Station). In her address to the nation on the eve of the Independence Day, President Droupadi Murmu mentioned Shukla's feat and said, 'I am sure that Shubhanshu Shukla's space journey to the International Space Station has fired a whole generation to dream bigger. It will prove extremely helpful for India's upcoming human space flight program, 'Gaganyaan'.' The Department of Space described Shukla's mission as one of 'strategic importance' and India's resolve to emerge as a serious contender in human space exploration. During his address on the 79th Independence Day, Prime Minister Narendra Modi lauded Shukla's historic visit. 'Every citizen of the country is seeing the wonders of the space sector and is filled with pride. And our Group Captain Shubhanshu Shukla has returned from the space station. He is also coming to India in a few days. We are also preparing for Aatmanirbhar Bharat Gaganyaan on our own in space. We are working towards building our own space station on our own,' he said.
United News of India
an hour ago
- United News of India
GST rationalisation impact on inflation depends on the effect on CPI components: Bank of Baroda Economist
Chennai, Aug 16 (UNI) The impact of the proposed rationalisation of the Goods and Services Tax (GST) on inflation would depend on the effect on the consumer price index (CPI) components, said a top economist at Bank of Baroda. He also said the impact on investment will be driven by the final effect on consumption. If consumption increases, it can spur more investment in specific products. The Indian government has announced the idea of having two major GST slabs viz., 5% (merit) and 18% (standard). 'The highest slab of 28% would be abolished and all goods and services in this bracket moved to the 18% rate. 99% of goods in the 12% rate will move to 5%. The balance 1% would go to 18%. The existing 40% rate would hold for tobacco and other sin goods. The exempted and special rates of 0.25% and 3% rate goods would remain unchanged,' Madan Sabnavis, Chief Economist said. 'The impact on inflation would depend on how various components of the CPI index are impacted by the new rates. While it has been projected as lowering the tax burden there can be a tendency for inflation to come down. But the extent will depend on the individual tax rates,' Sabnavis said. However, at the micro level, any reduction in GST as it is expected for goods like hair oil, toothbrush, pencils and others may not exactly increase consumption but will release resources of households that can be spent on other products and services. 'Impact on investment will be driven by the final effect on consumption. If consumption increases, it can spur more investment in specific products,' Sabnavis remarked. Having fewer slabs certainly makes the system simpler and leads to better compliance and removal of ambiguity. But it needs to be seen whether or not the final effect is tax neutral. If movement of goods across slabs provides a net gain on the fiscal side, then it would not change much from the consumption point of view, he said. 'On the whole it has been projected to provide support to consumption which is positive for the consumer goods segments. The ultimate impact has to be gauged from the point of view of fiscal impact given that any restructuring has to be a zero-sum game – if the consumer is to gain, there has to be some let off on the budget. This however, can get corrected once the economy grows at a faster rate in the coming years,' Sabnavis said. The GST Council is to meet in Sept-Oct and deliberate on this proposal. The compensation cess is to be phased out and it is possible that goods and services with 40% slab would take in this effect. UNI VJ GNK
