The US economy grew faster than expected in the second quarter amid solid gains in consumer spending and business investment, but inflation pressures subsided, leaving intact expectations of a September interest rate cut from the Federal Reserve. Growth last quarter also received a boost from inventory building as well as increased government spending, … Read more
Massive stars that collapse or collide create gamma-ray bursts NASA Goddard Space Flight Center/ A. Simonnet, Sonoma State University The most powerful explosion astronomers have ever seen contains a mysterious signal that is thought to be impossible to exist. This signal gives us our first detailed look inside a gamma-ray burst and suggests that they … Read more
5 min read Last Updated : Jul 26 2024 | 12:29 AM IST Guidelines for public-sector banks to assess micro, small, and medium enterprises (MSMEs) for credit will be finalised by the Indian Banks’ Associations (IBA), says Department of Financial Services (DFS) Secretary Vivek Joshi in an interview with Harsh Kumar and Asit Ranjan … Read more
In October 2022, astronomers were dazzled by what quickly became known as BOAT – the brightest gamma-ray burst (GRB) of all time. Now an international science team reports that data from NASA’s Fermi Gamma-ray Space Telescope reveals a never-before-seen feature. The brightest gamma-ray burst yet recorded gave scientists a new high-energy feature to study. Learn … Read more
Scientists have for decades tried to learn more about the complex and mysterious chain of events by which tiny droplets in clouds grow large enough to begin falling toward the ground. A better understanding of this process, known as the “rain formation block,” is essential to improving weather and climate computer model simulations and ultimately … Read more
The Union Budget 2024-25 places strategic emphasis on bolstering the foundational pillars of ‘Viksit Bharat’ (Developed India): Poor, women, youth and farmers. Policy adjustments are geared towards providing stability with progressive reforms towards sustainable growth and an advanced and inclusive nation by 2047. While the overarching focus remains on policy initiatives, the Budget … Read more
The Economic Survey, being a precursor to the Union Budget, acknowledged the important role played by indirect tax in the Indian economy. It acknowledged that Goods and Services Tax (‘GST’) has reduced logistics cost significantly with a 30 per cent reduction in travel time. The gross GST collection reached Rs 20.18 trillion in … Read more
Finance Minister Nirmala Sitharaman with her team outside the finance ministry in Delhi on July 23 | Photo: PTI 4 min read Last Updated : Jul 25 2024 | 6:25 AM IST Overall market reaction to the Budget was neutral. Investors absorbed the changes to the tax rates (positive for salaried class) and capital … Read more
Union Budget for 2024-25 pivoted to demand stimulus and employment generation after focusing on the supply side of the economy for many years. Budget proposals such as a cut in effective tax under the new Income Tax regime, subsidy for hiring interns by the corporate sector, and higher allocation for rural infrastructure and affordable … Read more
6 min read Last Updated : Jul 25 2024 | 6:20 AM IST Union Budget 2024-25 emphasises the government’s commitment to ‘Viksit Bharat, or developed India. One highlight is the focus on seamlessly bridging industry and employment linkages through three schemes for ‘employment linked incentive’ under the Prime Minister’s package. The substantially increased … Read more