BUSINESS
Direct tax collections rise 31% to Rs 10.54 lakh crore
Direct tax collection, net of refunds, stood at Rs 8.71 lakh crore, which was 25.71 per cent higher than the net collections for the corresponding period of last year. This collection is 61.31 per cent of the total budget estimates of direct taxes for 2022-23
IIP up 3.1% in Sep, experts say growth higher than expectations
The growth in the industrial index was aided by all major sectors like mining, which rose 4.6 per cent to 99.5 in September, manufacturing sector, which grew 1.8 per cent to 134.3, and the electricity sector, which soared 11.6 per cent to 187.4, according to the official data.
Crypto exchange FTX files for bankruptcy, CEO Sam Bankman-Fried resigns
John J Ray III has been appointed the new CEO and nearly 130 additional affiliated companies -- including FTX US and Alameda Research -- have also begun the bankruptcy process, the company said in a statement. The move is "in order to begin an orderly process to review and monetise assets for the benefit of all global stakeholders," said FTX.
US removes India from currency monitoring list
The development came on a day when US Treasury Secretary Janet Yellen was in India. Apart from India, countries like Italy, Mexico, Thailand and Vietnam have also been removed from the currency monitoring list. The information was provided in the Treasury Department's bi-annual report to the Congress.
Direct tax collections rise 31% to Rs 10.54 lakh crore
Direct tax collection, net of refunds, stood at Rs 8.71 lakh crore, which was 25.71 per cent higher than the net collections for the corresponding period of last year. This collection is 61.31 per cent of the total budget estimates of direct taxes for 2022-23.
Now $8 Twitter Blue service disappears on iOS app, users flummoxed
App researcher Jane Manchun Wong said that Twitter seems to have unlaunched the new $7.99 Twitter Blue subscription. "Checked with Twitter's API and the in-app purchase for Twitter Blue Verified is no longer listed for production," she commented.
Elon Musk flip-flop continues, gray 'Official' badges back for some brands
The extra layer of "Official" verification has been brought back to counter such impersonification attempts. Brands such as Coca-Cola, Twitter, Wired, and Ars Technica now have the gray checks back, reports The Verge, as Musk said there are too many corrupt legacy Blue 'verification' check marks on the platform.
Britain sliding towards recession
Jeremy Hunt suggested he is engaged in a damage limitation exercise after a 0.2 per cent fall in GDP between July and September, saying his Autumn Statement aims to make any recession "quicker and shallower", Daily Mail reported. The figure was not as bad as feared, after the Bank of England and analysts pencilled in a 0.5 per cent contraction for UK plc in the three months under review.
Former BharatPe founder Ashneer Grover pens memoir called 'Doglapan'
Billed as an "unfettered story of Ashneer Grover - the favourite and misunderstood poster boy of Startup India", the memoir is being called a "raw, gut-wrenching in its honesty and completely from the heart, storytelling at its finest".
PM Modi inaugurates Terminal 2 of Bengaluru International airport
Karnataka Chief Minister Basavaraj Bommai, Union Minister for Coal, Mines and Parliamentary Affairs Pralhad Joshi and others were present on the occasion. The Prime Minister Modi took a tour of the swanky Terminal 2, billed as garden terminal. He also flagged off the Vande Bharat express train and Bharat Gourav Kashi Darshan train.
Don't Miss
Advertisement