Despite pressures from rising input costs, manufacturing companies’ net profits increased by 50.2% in 2021-2022, the Reserve Bank of India reported. All three sectors maintained healthy operating profit margins. Further analysis of the data revealed that private corporate sales and profitability experienced healthy growth in 2021-2022 as the Covid–19 pandemic’s effects faded and economic activity picked up, particularly in the second half of the year. According to the report, Sales of 1,865 listed private manufacturing companies experienced broad-based recovery and expanded by 36.7% during 2021-22 as compared to a contraction of 2.8% in the preceding year; both volume and price…
Author: Editor's Desk, Tattva News
Maharashtra’s rebel MLAs, led by senior Shiva Sena leader Eknath Shinde, who are now camping in Gawhati, get a big relief from the Supreme Court from the disqualification notices issued by Deputy Speaker of Maharashtra Assembly.It has issued notices to the Deputy Speaker, Secretary of Maharashtra State Legislative Assembly, and others on pleas by rebel Shiva Sena MLAs against the disqualification notice served on them. It has listed the matter for hearing next on July 11. The court was hearing two petitions challenging the decision by Deputy Speaker Narhari Zirwal to recognise Ajay Choudhary as leader of the Shiv Sena…
Even as the political uncertainty in Maharashtra continues to unfold, the rebel Shiv Sena MLAs, led by senior leader Eknath Shinde, moved the Supreme Court on Sunday against the disqualification notice issued against them. On the otherhand, Governor B S Koshiyari had summoned central forces to the state, if needed during any law and order problems arises. The rebel legislators, who have been camping at a luxury hotel in Assam’s Guwahati, also challenged the rejection of no-confidence motion against Deputy Speaker Narahari Zirwal. Shiv Sena had filed application for disqualifying 16 rebel MLAs after they revolted against the party and…
The BJP demolished two Samajwadi Party bastions on Sunday by wresting the Rampur and Azamgarh parliamentary seats. The BJP won both seats in the by-elections. BJP candidates Dinesh Lal Yadav “Nirahua” (Azamgarh) and Ghanshayam Singh Lodhi (Rampur) defeated SP nominees Dharmendra Yadav and Asim Raja respectively by margins of 8,679 and 42,192 votes. UP chief minister Yogi Adityanath said that the results were a seal of approval on his working and his government. He said that the results were a vindication of Prime Minister Narendra Modi’s policies. Rampur and Azamgarh have been considered as SP strongholds and this, being the…
Union Minister for Information & Broadcasting Anurag Singh Thakur has said that rapidly expanding digital infrastructure in the country and ongoing advancements taking place in the AVGC (Animation, Visual Effects, Gaming and Comics) sector have the potential to make India the preferred Post-Production hub of the media and entertainment industry. Delivering the key-note address at the National Conference on ‘Changing Landscape of Media & Entertainment 2022’ organized by the Symbiosis Skill & Professional University in Pune, he said “a solid digital foundation for the AVGC sector is emerging across the country and the Government has established a Task Force for…
Union Minister for Agriculture and Farmers Welfare, Shri Narendra Singh Tomar stressed the need to to transform agriculture into advanced farming for the benefit of the farmers in the country including the Northeast. He visited the Central Institute of Horticulture in Nagaland and inaugurated a farmers workshop and exhibition. Tomar said that if the Central and State Governments work together, then its results are bound to be good, and this is what is happening now. Emphasizing on increasing production and productivity, Tomar said that the income of brothers and sisters working in the agriculture sector should also increase, For this,…
Emergency was a ‘black spot’ on the vibrant history of India’s democracy, Prime Minister Narendra Modi said on Sunday as he addressed the Indian diaspora in Germany at a massive event in Munich. The prime minister said democracy is there in the DNA of every Indian. “Today is June 26 which is also known for the day when India’s democracy that’s in DNA of every Indian was trampled and suppressed 47 years ago. Emergency was a black spot on the vibrant history of India’s democracy,” he said, adding that the people of India have answered all the conspiracies to crush…
Following years of fiscal mismanagement and reliance on doles in election years the Punjab government’s outstanding debts touched to an alarming level of Rs 2.85 lakh crore. This was revealed in the White Paper on State Finances presented by the AAP government in the Vidhan Sabha on Saturday. The government proposes to shed some of its “inheritance of loss” by disinvesting its stake in loss-making state undertakings, boards and corporations. The government also proposes to merge and wind up some of these 46 entities. The 73-page document states that these undertakings, boards and corporations had an outstanding amount of Rs…
Sushil P. Mantri, director of Mantri Developers Private Limited, a Bengaluru-based real estate entity, was arrested by the Enforcement Directorate (ED) in connection with the ongoing investigation under Prevention of Money Laundering Act (PMLA), 2002. The accused was produced before the court on Saturday and the ED has been granted 10 days custody. It may be recalled that the ED had initiated an investigation into the money laundering case in March 2022 based on the FIR registered in Subramanyapura police station in Bengaluru in 2020. The FIR had been filed against the company and its directors and many other employees.…
Jyotirgamaya, a unique festival to showcase the talent of rare musical instruments from across the country, including street performers, train entertainers, performers attached to temples, etc, concluded today at Kamani Auditorium New Delhi. Smt Meenakashi Lekhi, Minister of State for Culture and External Affairs, Arjun Ram Meghwal, Minister of State for Culture and Parliamentary Affairs, and Govind Mohan, Secretary, Ministry of Culture were present. On the occasion Arjun Ram Meghwal, Minister of State for Culture,presented a special performance of Kabir Gayan.Shri Meghwal explained the importance of Kabir tradition saying that we need to understand Sant Kabirdasji’s vision to understand Indian…