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Government considering income tax rate cut to boost consumption: Budget 2024

Government considers income tax rate cuts to boost consumption in the economy and increase savings for the middle class as consumption growth slowed.

Representational (Unsplash)
Updated on Jun 18, 2024 02:23 PM IST

How can we measure the size of Australia’s illegal cannabis market - and the billions in taxes that might flow from legalising it?

How can we measure the size of Australia’s illegal cannabis market - and the billions in taxes that might flow from legalising it?

How can we measure the size of Australia’s illegal cannabis market - and the billions in taxes that might flow from legalising it?
Updated on May 11, 2024 12:59 PM IST
PTI |

Punjab: Sangrur hooch tragedy toll rises to 14, Sunam reports 4 deaths

After Dirba, casualties surface in Sunam block of Sangrur district; health teams conduct door-to-door surveys at Gujran village, where initial cases were reported

The death toll due to the suspected consumption of spurious liquor in Punjab’s Sangrur district has risen to 14, with four more people succumbing in Sunam on Friday. (Representational photo)
Published on Mar 22, 2024 03:53 PM IST

India’s urea import, consumption on decline for first time in decades

Total imports of urea, which are regulated by the government, stood at 6.4 million tonne in the first 10 months of the ongoing fiscal year

The consumption of conventional urea has gone down in 344 districts of the country, official data show, which has helped paring costly imports. (HT Archive)
Updated on Mar 10, 2024 12:11 AM IST
By, New Delhi

Consumption trends and monetary policy

The falling share of food in households’ spending will help, given food inflation also drives inflation expectations

 Average monthly per capita consumption expenditure (MPCE) was <span class='webrupee'>₹</span>3,773 in rural India and <span class='webrupee'>₹</span>6,459 in urban India in 2022-23 as against <span class='webrupee'>₹</span>1,431 in rural India and <span class='webrupee'>₹</span>2,629 in urban India in 2011-12.(REUTERS PHOTO.)
Published on Mar 04, 2024 11:06 AM IST
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