Reuters India's nominal GDP growth is likely to fall in FY 2023-24, hurting tax collections and putting pressure on the federal government to reduce the budget gap by cutting expenses ahead of national elections in 2024. Nominal GDP growth, which includes inflation, is the benchmark used to estimate tax collections in the upcoming budget to be presented on Feb. 1. It is estimated to be around 15.4% for the current financial year....

-The Telegraph Slushy water is eroding underground rock, acceleRATing the subsidence in parts of the town, geologist Piyoosh Rautela tells The Telegraph New Delhi: Piyoosh Rautela, a professional geologist, has scrambled over the past week to manage a crisis in Joshimath he had warned about 12 years ago — a spike in the central Himalayan town’s sinking RATe triggered by the sudden release of underground water. The water discharge from a burst aquifer...

-ThePrint.in New Delhi: India has issued a global urea tender asking producers to quote a discount for the supply of 600,000 tonnes of urea, industry sources said and a document shows, as the nation seeks to cut import costs and secure cheaper supplies of the soil nutrient. India, where soil nutrients are sold at below market RATes, annually imports urea through tenders by authorised companies such as India Potash Ltd, Rashtriya Chemicals...

-TheConversation.com/TheWire.in With the cost-of-living crisis now at the top of the public’s agenda in many developed countries, the setting of interest RATes has ceased to be just a technical matter and has instead become highly political. Where is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic,...

-PTI/ Hindustan Times The new option to update address is in addition to the existing address update facility using any valid proof of address document prescribed by UIDAI. Unique Identification Authority of India (UIDAI) has now allowed residents to update addresses in Aadhaar online with the consent of their head of family, an official statement said on Tuesday. The new process can be initiated after submitting proof of relationship documents like a RATion...