Bharatiya Janata Party MP Praveen Khandelwal said on Monday that trade of Rs five lakh crore is expected this Diwali season. He noted the demand for made-in-India products and the recently enacted significant relaxations to the Goods and Services Tax (GST) regime.
The recent rationalisation of Goods and Services Tax (GST) is expected to add about 200 basis points to the revenue growth of India's organised apparel retail sector this fiscal, keeping it steady at 13-14 per cent for the second straight year, according to a Crisil Ratings report.
Union Minister and Lok Janshakti Party (Ram Vilas) Chief Chirag Paswan on Monday extended greetings on the occasion of Diwali, hoping the festival brings energy, prosperity, and good health to all.
"Heartfelt congratulations and best wishes on the occasion of the festival of lights, Deepawali. Deepawali is a symbol of the victory of light over darkness, knowledge over ignorance, and good over evil. Celebrate it with mutual harmony, goodwill, and joy. May Deepawali bring happiness, p
"On the auspicious occasion of Deepawali, I extend my warm greetings and hearty wishes to all Indians and friends of India, both in the country and abroad," Vice President Radhakrishnan posted on X.
"Through a robust suite of new portals and applications, SECL is redefining operational efficiency, employee empowerment, and transparency across all levels of the organisation", the Minister of Coal mentioned in an official statement.
According to an official release from the Ministry of Finance, these containers were found to contain 83,520 pieces of Chinese firecrackers, mis-declared as engineering goods. The contraband, valued at Rs 5.01 crore, was seized along with cover cargo of silicon sealant guns.
The Governor wished for the good health, prosperity and well-being of the people. He said that Diwali, the festival of lights, symbolizes the triumph of good over evil, of light over darkness and of knowledge over ignorance, according to an official statement.
Thieves stole jewellery from the Louvre Museum in Paris on Sunday, arriving on a scooter with chainsaws and using a goods lift. French Culture Minister Rachida Dati confirmed the break-in, saying "No injuries reported." The museum closed for the day "for exceptional reasons."
The Confederation of All India Traders (CAIT) on Sunday stated that trade during the festive season is expected to surpass a record Rs 5 lakh crore, with offline markets witnessing a surge, even as online sales experience a sharp decline.