EXPENDITURE METHOD
Kamala Harris election results: Musk dragged into voter bribery scandal as Trump’s win over ex-VP gets murkier
Donald Trump's 2024 victory is under scrutiny due to alleged discrepancies, with a lawsuit in Wisconsin claiming Elon Musk used questionable financial methods to influence key battleground states. Musk is accused of bribing voters through his PAC, offering cash and gifts in exchange for support, raising concerns about the election's fairness.
AI Strikes the Heartstrings of the Music Industry: Embracing a New Era, Where Innovation, Customization and Creativity Go Hand- in- Hand.
AI has deeply integrated into the music industry, revolutionizing creation, production, and consumption. AI tools democratize music production by reducing costs and enabling independent artists to create high-quality content. AI-driven platforms analyze data to identify trends, create data-driven hits, and break down regional barriers, exemplified by the revival of musical legends through AI technology.
India’s poverty levels continue to fall as SBI projects 4.6% rate for 2024
A State Bank of India report estimates India's poverty rate to decline to 4.6% in 2024, a significant drop from the World Bank's 5.3% estimate for 2023. This reduction is attributed to new data collection methods like the Modified Mixed Recall Period, which provides a more accurate picture of household consumption.
Monthly Numerology Horoscope, June 2025 Numerology Prediction: A month of Transitions of Energy, Intensive Insights & Guidance
Numerology Monthly Horoscope, June 2025: June 2025's numerology scene is filled with love, harmony, fantasy, and emotional awareness. This heavenly undertone creates healing, collaboration, and meticulous planning. The month invites each numerology number to respond with maturity and compassion to what unfolds, with drive fused with empathy. Career prospers through teamwork and mentorship, while life in general demands truthful communication and relationship. Each of the numerology numbers 1 through 9 each possess unique dynamics that will form their lives in career, relationship, money, and self-expression. Along with the general prediction, the guide offers solutions and rituals based on Vedic knowledge to become more optimistic and end problems
270 million Indians out of extreme poverty list: World Bank
India has made remarkable progress in reducing extreme poverty. World Bank data shows nearly 270 million people moved out of extreme poverty between 2011-12 and 2022-23. The poverty rate fell significantly, even with a raised global poverty threshold. This achievement highlights India's commitment to evidence-based governance and sustained reforms. Spending inequality has also narrowed across the country.
Japanese Walking vs Running: Which is better for burning calories and losing weight?
Japanese interval walking alternating slow and brisk paces — offers a low-impact, beginner-friendly fitness method. Compared to running, it supports heart health and weight loss with less joint strain, making it ideal for a wide range of users.
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Adani Energy Solutions to raise Rs 4,300 cr via share sale
Adani Energy Solutions aims to raise Rs 4,300 crore through a qualified institutional placement or other permissible methods, subject to approvals. The company plans a significant capital expenditure of Rs 16,000-18,000 crore this fiscal year, focusing on transmission, smart meters, and distribution.
NRIs to pay lower LTCG tax on these equity shares due to proposed forex fluctuation benefit in New Income Tax Bill 2025
The New Income Tax Bill, 2025 introduces a 'forex fluctuation benefit' that allows NRIs (excluding FIIs) to potentially pay lower long-term capital gains tax on unlisted equity shares. This provision addresses the issue of NRIs being taxed on artificially inflated income due to rupee depreciation. Read more to know how this helps.
Adani Energy Solutions to consider fundraising on May 31
Adani Energy Solutions plans to raise funds through equity share issuance via private placement, qualified institutions placement, or preferential issue, subject to shareholder approval. The board meeting to approve the proposal is scheduled for Saturday.
Internal audit flags Rs 709 crore irregularities in Jal Shakti ministry schemes
An audit reveals financial issues in the Jal Shakti ministry. The audit for 2023-24 finds irregularities of over Rs 709 crore. Blocked funds and unauthorized spending are noted. Atal Bhujal Yojana and SBM-G are impacted. Irregularities include idle machinery and procurement violations. The audit also cites staff shortages as a challenge.
‘On rates, it’s status quo or cuts; concerned about banks’ mis-selling of insurance’: RBI governor Sanjay Malhotra
RBI Governor Sanjay Malhotra emphasizes India's economic resilience and commitment to managing rupee volatility without targeting specific rates. He highlights the importance of real interest rates for depositors and the central bank's focus on customer protection and cybersecurity. The governor also addresses concerns about UPI concentration and governance lapses in banks.
Non-bank lenders 'LAP' up opportunity to tap MSMEs
In the absence of banks, which focus on loans of Rs 15-20 lakh, NBFCs are finding growth opportunities in the high yielding micro-LAP (loan-against property), which are sub-Rs 10 lakh loans. Industry executives said that there are growth opportunities given that the MSME sector remains starved for credit.
Delhi chokes again: Why clean air must become a year-round right, not a seasonal fix
Delhi grapples with a persistent pollution crisis, evidenced by recent AQI spikes following a severe dust storm. The city's fragmented approach, addressing pollution sources in isolation, has proven ineffective. Integrating healthcare, waste management, and climate mitigation strategies is crucial for systemic change, ensuring clean air becomes a year-round right, not a seasonal aspiration.
JSW to spend Rs 1.3 lakh crore to reach 30GW capacity by 2030
JSW Energy aims for 30 GW generation capacity and 40 GWh energy storage by 2030, investing Rs 1.3 lakh crore. Strategy 3.0 reflects ambition to lead India’s energy security. The company's Q4 net profit rose 20% to Rs 414.5 crore, with revenue up 15.7% to Rs 3189 crore, driven by capacity additions and higher generation.
Horoscope Today, May 6, 2025: Moon in Virgo & 10th Lunar Day: Libra, Scorpio, Sagittarius, Capricorn, Aquarius, and Pisces — Powerful daily astrology predictions for love, career, money, and emotional wellbeing
Horoscope Today, May 6, 2025: With the Moon in Virgo during the 10th Lunar Day, introspection and emotional clarity are emphasized. Each zodiac sign receives specific guidance, from Aries embracing self-forgiveness to Taurus focusing on grounded financial decisions. The day encourages personal growth, open communication, and emotional healing, urging individuals to align with their values and trust their intuition.
Monthly Numerology Horoscope, May 2025 Numerology Prediction: all about clarity, change, travel, communications and new beginnings
Numerology Monthly Horoscope, May 2025: May 2025, under Mercury's dynamic leadership, is an era of fast action, new awareness, and potential for change. Communication happens easily, plans for trips solidify, and good ideas bear fruit. Prepare for new people in your social life, spontaneity-driven opportunities, and a need to redefine your path. Don't be shy now—be open to change, be quick with your mind, and take swift action
Aamir Khan reveals his old fashioned secret to being fit and fab at 60: 'Diet is...'
Aamir Khan's dedication to transforming his body for film roles, particularly in Dangal, highlights the importance of nutrition and recovery. He emphasizes that diet constitutes 50% of fitness efforts, with exercise and rest each contributing 25%. Khan advocates for a calorie deficit approach, consuming fewer calories than expended, for safe and sustainable weight management, while cautioning against extreme restrictions.
Rahu Ketu Transit 2025 - Pisces: Spiritual development and seclusion are in control, and financial control and good health are crucial to balance
Rahu and Ketu Transit: Rahu in the Twelfth House shines spiritual awareness, globe-trotting, and creative endeavours. Ketu in the Sixth House requires discipline in health and warfare. Hidden potential arises, along with psychological and physical adversities. Be aware, eschew avoidance, and repair and serve.
Rahu Ketu Transit 2025 - Sagittarius: Friendships and long-term goals evolve, but avoid ego clashes in romance and speculative ventures
Rahu and Ketu Transit: Rahu in the Third House boosts communication, courage, and networking skills. Ketu in the Ninth House challenges traditional beliefs and long-term plans. You’ll find growth through bold expression and short travels. Stay rooted while exploring new philosophies or career paths.
Maharashtra govt to start using satellite images to assess crop damage and compensation
The Maharashtra government will now use satellite imagery and NDVI to assess crop damage, excluding droughts, for faster and more accurate aid distribution to farmers. This technology-driven approach aims to replace traditional on-field surveys and curb inflated damage claims. The initiative, delayed due to opposition, is set to roll out across the state after a successful study group report.
Beyond slogans, now, please? India needs a GoI-owned, macro framework to address pertinent questions
Amidst global economic uncertainty and faltering domestic growth, there is a need for a transparent macroeconomic framework in India. The current reliance on rhetoric is questionable and India needs to return to evidence-based analysis.
AI, teleconsultation, modern tech being used in treatment, diagnosis: Nadda
Health Minister JP Nadda emphasized the government's commitment to enhancing healthcare through policies incorporating AI for TB detection, modern cancer treatments, and mental health teleconsultation. The goal is to increase health expenditure to 2.5% of GDP, currently at 1.84%, showcasing substantial achievements in improving maternal and child mortality rates.
RBI MPC meeting: India's real GDP growth for FY25 retained at 7.2%, governor Das says
The Reserve Bank of India's Monetary Policy Committee (MPC) continues to forecast a 7.2% growth rate for the Indian economy in FY25, although the GDP growth target for Q2 FY25 has been slightly reduced to 7% from 7.2%, while Q3 has been increased to 7.4%.
GDP numbers for FY24 show discrepancies of Rs 2.59 lakh crore
The National Statistical Office (NSO) has reported discrepancies in the computation of the Gross Domestic Product for 2023-24, with discrepancies of Rs 2.59 lakh crore compared to Rs 3.80 lakh crore in 2022-23 and Rs 4.47 lakh crore in 2021-22. The NSO's first advance estimates of national accounts showed that the Indian economy will grow at 7.3% in 2023-24, slightly higher than 7.2% in 2022-23.
Calling GDP number fudged is abhorrent, blame discrepancy on WPI: Abheek Barua
Conspiracy theories about fudging of GDP data and pressure on the system to manipulate data is irresponsible, says Abheek Barua, HDFC Bank.
Govt making efforts to reduce discrepancies in GDP data: Chief Statistician TCA Anant
Discrepancies in the statistical GDP data refer to the difference in national income under production method and expenditure method.
If the market had faith in GDP reading, it would have skyrocketed: Expert
Economists surveyed around the world seemed to agree on one point: nobody really knows what to make out of the number, says Kumar of RKSV.
ET in a classroom: How are poverty numbers calculated
Some estimates place the number of poor at 40% of the population. ET looks at how poverty numbers are generated:
Core ministries' borrowing may be capped soon
The government plans to cap borrowings and annuity payments by infrastructure ministries at 15% of their annual budgets, encouraging them to look for private funds to execute projects.
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