BUSINESS
US Senate passes debt ceiling bill, averts default
Late Thursday night, the bill was passed in a 63-36 vote, a day after the 149 Republicans and 165 Democrats in the House of Representatives voted for the legislation, reports CNN. The bill will now be sent to President Joe Biden to be signed into law.
RBI-MPC may not change interest rate: Experts
The MPC met on April 3, 5 and 6 this year and decided to pause on the repo rate at 6.50 per cent after hiking continuously earlier as an inflation control measure.
Wheat, rice procurement enough to 'comfortably meet food grains requirements'
About 21.27 lakh farmers have already benefitted from the ongoing wheat procurement operations with the MSP outflow of about Rs 47,000 crore. Major contribution in the procurement has come from three procuring states of Punjab, Madhya Pradesh and Haryana with procurement of 121.27 LMT, 70.98 LMT and 63.17 LMT respectively.
Ease of living in India: Securing future through rights
In a tribute to the ideas of truth, non-violence and Aatmanirbharta or self-reliance, a cleaner, more prosperous and stronger India is being built. As a diverse nation with a rich cultural heritage, India has been striving to enhance the quality of life for its citizens over many decades.
US, global markets relieved as Congress raises govt borrowing limit, Biden had 'Plan B'
The House passed the debt ceiling bill on Wednesday night just days ahead of the June 5 deadline to avoid a catastrophic US default. Even as White House had initiated a Plan B simultaneously, if right wing hardliners refused to cooperate, heeding Donald Trump's call to vote No, of invoking the 14th amendment to bypass the Congress. But luckily that did not come to that pass.
Delhi High Court orders SpiceJet to pay Rs 380 crore to Kalanithi Maran of KAL Airways
A single judge bench of Justice Yogesh Khanna said: "Since the judgment debtor had failed to pay an amount of Rs 75 crore to decree holder, hence in terms of para 15(ii) of the order dated 13.02.2023 of the Hon'ble Supreme Court, there is no other alternative except to call upon the judgment debtors to deposit the entire outstanding amount qua interest forthwith, thus is so directed. Affidavit of assets be also filed within four weeks from today."
Stop using my name for fame, get on with life, Ashneer Grover tells Bhavik Koladiya
Bhavik Koladiya posted a tweet, sharing a link of an earlier YouTube video where he is allegedly abusing Grover after he refused to meet him and BharatPe Chairman Rajnish Kumar in person during their much-hyped tussle that is now in Delhi High Court. "I am at my worst. Sorry, @Ashneer_Grover," Koladiya posted, apologising to Grover for his abusive behaviour over the phone.
GST collections for May fell 19% to Rs 1,57,090 crore
Out of the total GST collections of Rs 1,57,090 crore for May, CGST was Rs 28,411 crore, SGST was Rs 35,828 crore, IGST was Rs 81,363 crore (including Rs 41,772 crore collected on import of goods) and cess was Rs 11,489 crore (including Rs 1,057 crore collected on import of goods).
Elon Musk loses world's richest person tag in a jiffy
According to Forbes Real-Time Billionaires List, Arnault is now worth $216 billion, while Musk is worth $200 billion. Musk, who saw his net worth tumble by more than $100 billion in 2022, had been replaced by Arnault as the world's richest man in December last year as well.
TVS Motor hikes prices of EV scooter by Rs 17,000 - Rs 22,000
The price hike on its electric two-wheeler iQube is effective from Thursday (June 1) following the revision in the central government's FAME II subsidy scheme. The company said it will offer a loyalty benefit programme for the customers of iQube who had made bookings till May 20 for a limited period to ease the cost burden post the revision in FAME II subsidy.
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