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₹6 trillion, or a third of the ₹17.9 trillion estimated in the union budget for FY24, data from the Comptroller General of Accounts (CGA) showed on Thursday.This week, reports on job openings, consumer confidence and inflation in the US stoked hopes on Wall Street that the Fed may hold rates steady at its next policy meeting in September.India's gross domestic product (GDP) grew by 7.8 per cent in the April-June quarter of current fiscal (2023-2024), compared to a growth of 6.1 per cent in the previous January-March quarter of fiscal 2022-23, according to official data shared by the National Statistical Office.On a year-on-year basis, the GDP print recorded in the correpsonding period last year was 13.1 per cent. The Q1FY24 economic growth is the highest in four quarters, largely driven by a robust services sector, and strong capital expenditure.
(Read More)The Organised Crime and Corruption Reporting Project (OCCRP) has revealed that Vedanta engaged in a discreet lobbying effort aimed at undermining critical environmental regulations during the COVID-19 pandemic. In an article published on Thursday, the OCCRP detailed how Vedanta Group pursued this strategy.According to the OCCRP's report, Anil Agarwal, the Chairman of Vedanta Group, communicated with former environment minister Prakash Javadekar in January 2021.
During this exchange, Agarwal suggested that the Indian government could enhance the momentum of the country's swift economic recovery by permitting mining companies to escalate their production by up to 50%. This proposal came with a stipulation that these companies wouldn't be obligated to secure fresh environmental clearances.Additionally, the OCCRP article revealed that Vedanta's subsidiary, Cairn India,
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