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Central Minister expresses anguish over Yadgir’s low per capita income, human development index

Nirmala Sitharaman was addressing a gathering after inaugurating a Farmers Training and Common Facility Centre in Baddepalli village

India expands ethanol map: 5,000 fuel stations planned by 2027 end

India is accelerating its ethanol drive, planning to establish 5,000 ethanol fuel stations by the end of 2027 to reduce fossil fuel imports. This initiative, alongside the launch of flex-fuel cars, aims to cut the country's $120 billion import bill and boost farmer income. Regulatory changes are also proposed to support higher ethanol blends and other alternative fuels.

Govt. rolling out 100 ethanol fuel stations in Delhi-NCR, Maharashtra: Hardeep Singh Puri

The Minister pointed out that if half the new (two-wheeler and four-wheeler) vehicles are flex fuel-compliant, then India can unlock 311.8 crore litres of additional ethanol demand and ₹12,403 crore additional income for farmers

Nilesh Shah recommends 4 investment bets that should be part of your portfolio

As geopolitical headwinds make it tougher for equity investors to make money, Dalal Street’s top voice Nilesh Shah, managing director of Kotak Mahindra Asset Management, told a gathering of HNI investors at the ET Alpha Wealth Summit on Thursday that there are four specific investment structures which deserve a place in most portfolios right now.Shah’s first recommendation was the Special Investment Fund, or SIF, a structure that marks a meaningful shift in what is available to Indian investors. Shah noted that the mutual fund industry has, until now, been a long-only business but the SIF changes that. These are long-short, absolute return-oriented funds, designed to generate returns regardless of market direction rather than simply riding the equity tide.The second vehicle Shah flagged is performing credit AIFs. His reasoning was grounded in a simple supply-demand observation that for corporate settlements today, capital is not available from banks, mutual funds, or insurance companies.As institutional lenders have stepped back, borrowers are plenty and lenders very few. Amid this imbalance, Shah said the need is real and returns are attractive. Performing credit AIFs, which lend into this gap, are positioned to benefit directly from the scarcity of competing capital.https://youtube.com/shorts/Xa4AcXFg8hA?feature=shareThe third idea was REITs, and here Shah introduced a timing element. Over the last three years, REITs have delivered index-level returns of around 13.5%. But with interest rates rising, he suggested that the next six to nine months may present an opportunity to enter at better prices. Rising rates typically compress REIT valuations in the near term, and Shah framed any such correction as a potential entry point rather than a risk to avoid. Beyond the return potential, he positioned REITs as a portfolio diversification tool as the asset class behaves differently from equities and fixed income, and that is still underrepresented in most Indian investor portfolios.The fourth recommendation addressed global diversification but came with an important caveat. Mutual fund industry limits for overseas investment are currently full, which means the conventional route for Indian investors to access global markets through domestic mutual funds is closed. Shah pointed to Gift City as the workaround. Structures domiciled there allow investment under the Liberalised Remittance Scheme, and in his view, these Gift City-based LRS products are the practical path for investors who want global exposure while the mutual fund window remains shut.Across all four — the SIF, performing credit AIFs, REITs, and Gift City products — Shah's underlying argument was the same: in a volatile period, the portfolio needs instruments that can generate positive returns through means other than a rising equity market.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

Bihar expands medical safety net, raises income limit for treatment aid

Bihar expands medical safety net, raises income limit for treatment aid

Market wrap: Sensex closes flat, Nifty holds 23,400; Titan, Eternal lead gains

The Indian stock market closed nearly flat, with Sensex and Nifty ending the session in the green with marginal gains after seeing sharp upswings and downswings during the day.Sensex rose nearly 14 points to close at 74,360, while Nifty 50 rose around 11 points to end the session at 23,417, nearly unchanged from the previous session. This came as India VIX, which measures volatility in markets, fell over 3% to 15.77.Titan shares jumped 4% to lead gains on Sensex, while Zomato-parent Eternal jumped 3% to follow. ITC, Tech Mahindra, SBI, Bharat Electronics and ICICI Bank shares meanwhile gained around 1% each. On the other hand, Infosys, Bajaj Finserv, UltraTech Cement, Adani Ports and Tata Steel shares dropped around 15 each.Broader markets closed with higher gains, with Nifty Midcap 100 and Nifty Smallcap 100 indices gaining around 0.5% each. Sectorally, Nifty Consumer Durables rallied more than 2%, while Nifty Metal declined 0.7%. Around 1,817 stocks advanced on NSE, while 1,474 declined and 105 remained unchanged.Rupee watchNotably, investors now await the outcome of the Reserve Bank of India’s Monetary Policy Committee's (MPC) meeting tomorrow. Meanwhile, rupee closed at 95.7850 per U.S. dollar, from 95.7050 on Wednesday.FIIs net sold Indian shares worth Rs 5,617 crore on Wednesday, according to data on NSE. They have net sold Indian equities worth more than Rs 39,625 crore in just four consecutive sessions.India may scrap capital gains tax on FPI investments in govt securitiesThe Indian government is planning to scrap capital gains tax on investments in government securities by foreign portfolio investors (FPIs), a move which will likely shore up overseas capital inflows into the country, The Economic Times reported citing people familiar with the matter.The Cabinet, in a meeting chaired by Prime Minister Narendra Modi on Wednesday, approved the promulgation of an ordinance to amend the Income Tax Act to pave the way for this exemption, sources further told The Economic Times, adding that a notification is expected soon after the President gives her assent to the ordinance.What lies ahead?On Thursday, the benchmark index Nifty opened with a gap-down. However, the index staged a recovery from lower levels and eventually closed on a flat note. Notably, this marked the third consecutive session where Nifty found support near its prior swing low and rebounded thereafter, said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities. He however added that a sustained follow-up move on the upside is still required to confirm a potential reversal.“At present, the index continues to trade below its key moving averages, while momentum indicators suggest a sideways trend. The daily RSI has been oscillating within a narrow range for the last 40 trading sessions, in line with the RSI range shift rules, indicating lack of directional strength,” he said.Going ahead, Shah expects the 23,550–23,580 zone to act as an important hurdle for Nifty 50.. A sustained move above the 23,580 level could trigger an extension of the ongoing pullback rally, potentially paving the way towards the 23,700 mark, he said. On the downside, he sees 23,330–23,320 zone as likely to serve as a crucial support area.(With inputs from agencies)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

At 15, Vaibhav Sooryavanshi Has Rs 7 Crore. But Do Minors Pay Income Tax?

Vaibhav Sooryavanshi has, as per reports, a net worth of around Rs 7 crore.

ITR filing FY 2025-26: Top 10 points to check before submitting tax return

Reporting income/assets etc. in the ITR should be matched with Annual Information Statement (AIS). As through system checks and reconciliation runs, using technology for ITR processing might trigger even small gaps, errors or incorrect claims and may lead to prompt questions.

Hero MotoCorp shares rise 3% as firm unveils India's first 100cc flex-fuel motorcycles. Check details

Shares of Hero MotoCorp gained 3% to their day’s high of Rs 4,980 on the BSE on Thursday after the company unveiled its first flex-fuel motorcycles, marking its entry into a segment aimed at supporting India's transition towards cleaner and more sustainable mobility solutions.The country's largest two-wheeler manufacturer launched flex-fuel versions of its flagship Splendor+ and HF Deluxe motorcycles, making them India's first flex-fuel motorcycles in the 100cc category. The motorcycles are compatible with ethanol-blended fuels ranging from E20 to E85 and are designed for everyday commuting without compromising on performance or affordability.Hero MotoCorp said the new range is aimed at reducing the carbon footprint of daily transportation while aligning with India's goal of lowering economic carbon intensity by 45% by 2030.The motorcycles were unveiled in New Delhi ahead of World Environment Day in the presence of Union Minister for Road Transport and Highways Nitin Gadkari, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri and Hero MotoCorp Chief Executive Officer Harshavardhan Chitale.Speaking at the event, Gadkari said the introduction of flex-fuel motorcycles in the mass-market segment would support ethanol adoption, help reduce crude oil imports, strengthen farmers' incomes and contribute to the government's vision of Atmanirbhar Bharat and Viksit Bharat.Puri said the launch represents another milestone in India's efforts to build a mobility ecosystem powered by cleaner and domestically produced fuels. He added that wider adoption of such vehicles could improve energy security, lower carbon emissions and reduce dependence on imported crude oil while strengthening the country's biofuels ecosystem.Chitale said the flex-fuel-ready Splendor+ and HF Deluxe were developed at the company's Centre for Innovation & Technology in Jaipur and reflect Hero MotoCorp's focus on future-ready and locally relevant technologies. He added that the motorcycles have minimal-to-no import content and reinforce India's manufacturing capabilities.Hero MotoCorp said the flex-fuel portfolio will be introduced in Delhi and select regions of Maharashtra in July 2026, followed by a nationwide rollout. The HF Deluxe Flex Fuel has been priced at Rs 72,792 (ex-showroom Delhi), while the Splendor+ Flex Fuel will be available at Rs 82,710 (ex-showroom Delhi).(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

India's Big Move To Attract Foreign Investment Amid Iran War: Sources

The Union Cabinet, led by PM Modi, has reportedly approved an ordinance amending the Income Tax Act.

Tax cuts, easier bond rules on the cards: How India plans to attract more foreign investment

Reports suggest that PM Narendra Modi-led Union Cabinet on Wednesday cleared an ordinance that will amend the Income Tax Act and enable the proposed tax exemption.

India plans to scrap capital gains tax on FPI investments in government securities

New Delhi: India is set to scrap capital gains tax on investments in government securities by foreign portfolio investors (FPIs) in an effort to shore up overseas capital inflows into the country as the Centre seeks to mitigate the effects of the Iran war on the economy, said people familiar with the matter.The Cabinet, in a meeting chaired by Prime Minister Narendra Modi on Wednesday, approved the promulgation of an ordinance to amend the Income Tax Act to pave the way for this exemption, the people said. A notification is expected soon after the President gives her assent to the ordinance.More measures are expected to encourage capital flows.Foreign investors are currently subject to 12.5% long-term capital gains (LTCG) tax on listed shares and bonds held for more than 12 months. They also pay a 20% withholding tax on interest earned from government bonds. The government had ended the concessional 5% rate available to them in 2023. 131494504Industry DemandThe government had used the ordinance route in 2019 to cut the corporate tax rate to encourage private investment.Market participants have been urging a reduction in LTCG tax and withholding tax on interest earned on government bonds amid sustained capital flows out of India.The latest move comes in the backdrop of foreign portfolio flows turning negative and the rupee weakening sharply against the dollar with the West Asia conflict continuing.Regulators are expected to initiate further measures to complement the government's efforts to make the Indian markets attractive for foreign capital, said one of the persons cited above.In the calendar year so far, exits by FPIs add up to a net Rs 2.47 lakh crore, more than double the Rs 1.04 lakh crore they pulled out in calendar 2025. The rupee hit an all-time low of 96.965 to the dollar on May 20 but has since rebounded as the Reserve Bank of India has stepped up support and oil prices eased after renewed US-Iran peace efforts.(With inputs from Anuradha Shukla & Jatin Takkar)

Consider hiking annual income limit for Mittayi scheme: SHRC

Government launching animal-centric breeding to boost dairy farmers’ income, says Collector

Participating in an awareness campaign for livestock farmers, Himanshu Shukla urges farmers to take advantage of the opportunity and achieve further development in the Animal Husbandry sector

GTRI makes a case against new India tariffs

India needs to challenge the legal basis of a proposed US tariff action that seeks to impose an additional 12.5% duty on imports from the country under a Section 301 investigation, trade policy think tank Global Trade Research Initiative (GTRI) said on June 3.The recommendation comes after the Office of the United States Trade Representative (USTR) proposed fresh duties on imports from 54 economies following a probe into the enforcement of restrictions on goods linked to forced labour.GTRI said that the investigation stretches the intended scope of Section 301, a trade enforcement mechanism traditionally used to address barriers affecting market access for American businesses in foreign jurisdictions, PTI reported.The current action is focused instead on whether countries regulate imports originating from third nations where forced labour concerns may exist, the think tank observed.Also read | Iran war puts Malhotra & Co in razor-edge policy bindThe proposed tariff rate of 12.5% for India and several other economies is also higher than the tariff ceiling committed by the US under multilateral trade rules, the think tank said.According to GTRI founder Ajay Srivastava, India should maintain that Washington is attempting to extend its domestic import-control framework beyond its borders through unilateral trade measures.He said such an approach falls outside the mandate of Section 301 and raises broader concerns regarding the use of trade policy to influence regulatory practices in other countries.The think tank further noted that concerns surrounding forced labour are often confined to specific products or sectors rather than entire economies. It argued that imposing country-wide tariffs may not be an appropriate response when targeted measures could address the underlying issue more effectively.Also read | CBDT tells tax officers to tighten scrutiny of unexplained income, assetsGTRI also viewed the proposed action in the context of ongoing trade negotiations between India and the United States, suggesting that the move could increase pressure on New Delhi as both countries work toward a bilateral trade agreement. It cautioned that India may face additional investigations under Section 301 in areas such as industrial overcapacity.The USTR initiated two separate Section 301 investigations in March this year covering 60 economies. One inquiry examined issues related to forced labour, while the second focused on concerns over excess manufacturing capacity.Following the conclusion of the forced labour investigation, the US has proposed additional duties on imports from 54 economies. Under the plan, imports from countries including Canada, Ecuador, Mexico, Indonesia, Pakistan and the European Union would face a 10% tariff. A higher duty of 12.5% has been proposed for 48 economies, including India and China.The proposal has not yet been finalised and is currently open for public consultation. Stakeholders have until June 22 to request participation in hearings and submit testimony summaries, while written submissions can be filed until July 6. Public hearings are scheduled for July 7.A final determination is expected in the coming weeks and could be announced before the expiry of the temporary Section 122 tariff measures on July 24. If approved, the additional duties may come into force shortly thereafter.The investigation does not allege the use of forced labour in India's export production. Instead, it examines whether India has adequate restrictions on imports sourced from third countries where forced labour concerns may arise.Inputs from PTI

Khan Sir Net Worth: How Rich Is India's Popular Educator?

Following the recent incident outside his Patna coaching institute, here's a look at the popular educator's educational qualifications, career journey, and income sources.

Stop Chasing Returns, Build Portfolio That Pays Monthly Salary. Here's How

The success of a monthly income portfolio should not be determined by what it pays in the first month.

Pepsico launches energy drink Adrenaline Rush

New Delhi: Beverages major PepsiCo on Tuesday announced the launch of its premium energy drinks brand 'Adrenaline Rush' in the Indian market, strengthening its presence in the category, which has seen strong growth in recent years.Pepsico, a leading player in the energy drinks with its brand Sting, now enters the mass-premium segment with 'Adrenaline Rush', creating a portfolio that spans from Rs 20 to Rs 60 price points. Adrenaline Rush is priced at Rs 60, while Sting costs Rs 20."With two variants under Sting and two variants under its premium offering, PepsiCo is broadening consumer choice while addressing a wider range of taste preferences and consumption occasions," the company said in a statement.With its two brands -- Sting and Adrenaline Rush -- PepsiCo's energy drinks portfolio will cater to a broad spectrum of consumers, seeking value propositions to those looking for a more premium, performance-led experience.Also Read: PepsiCo new packaging to carry 'No Artificial Flavours or Colours' labelCommenting on the development, PepsiCo India and South Asia, Vice President and General Manager -- Beverages, Nitin Bhandari said, "The energy drinks category in India continues to see strong growth, and we believe there is significant headroom for further expansion as consumers increasingly seek products that cater to different occasions, functional needs and aspirations."With Adrenaline Rush, PepsiCo is strengthening its energy drinks portfolio with a globally aspirational brand tailored for Gen-Z consumers, offering two differentiated variants -- Passion Rush and Classic Rush -- in a sleek premium can format to cater to the evolving preferences of today's youth.For Adrenaline Rush, PepsiCo has launched a high-energy campaign film centred on the proposition "A-Rush, A-Game On," adopting a digital-first and culture-forward approach.Also Read: PepsiCo to invest Rs 5,700 crore in India by 2030This is aimed at resonating with Gen-Z consumers through creator-led storytelling, internet culture, and social media conversations.As per a Mordor Intelligence report, the India energy drinks market size is valued at USD 0.82 billion in 2026 and is growing at a CAGR of roughly 2-6 per cent, helped by factors such as rising disposable incomes, rapid urbanisation, and an increasing need for quick-energy solutions among young working professionals.

Transrail bags orders worth Rs 575 crore

New Delhi: Transrail Lighting, a leading turnkey engineering, procurement and construction (EPC) company, on Tuesday said it has bagged new orders worth Rs 575 crore primarily in the transmission and distribution (T&D), civil construction and pole business.As of March 31, the company's unexecuted order book (including L1 or Lowest Bidder position) stood at Rs 16,361 crore, up 12 per cent year-on-year, Transrail Lighting said in an exchange filing."The orders in the T&D segment including construction of a 500 kV HVDC line for a marquee customer, supply of our products in international markets, specialised civil construction job and pole supplies, highlights our diversified capabilities and competencies," the company's MD & CEO Randeep Narang said.Mumbai-based Transrail Lighting is an EPC company primarily engaged in T&D with operations spanning civil, railways, poles and lighting segments. The company has a presence across 63 countries.For FY26, the company posted a net profit of Rs 403.59 crore, up 23 per cent from Rs 328.68 crore in 2024-25. Its total income also rose over 29 per cent to Rs 6,928.83 crore from Rs 5,353 crore in FY25.

Telangana’s 12-year growth story faces headwinds

The growth in services sector from employing 26.6% in 2014 to 33% in the current year has led to a jump in per capita income of the State, albeit with huge disparities between districts closer to the capital and those away from it