logo
Minister urges exclusive shop for Balaramapuram handloom at new high-tech market

Minister urges exclusive shop for Balaramapuram handloom at new high-tech market

Time of India20 hours ago
Thiruvananthapuram
: Labour minister V Sivankutty urged Balaramapuram grama panchayat to allot a dedicated shop exclusively for selling traditional Balaramapuram handloom products at the upcoming high-tech market.
Speaking after laying the foundation stone for the Rs 8 crore high-tech market in Balaramapuram, the minister said it was unfortunate that there wasn't a single shop in the town selling only handloom clothing, despite its cultural legacy.
He emphasised that such modern markets would play a vital role in local development by directly connecting farmers and weavers to consumers, eliminating middlemen. The public markets, he added, create opportunities for transparent and fair trade.
Kovalam MLA M Vincent presided over the event. District panchayat president D Suresh Kumar, block president S K Preetha, grama panchayat president V Mohanan, vice-president R Shameela Beevi and district panchayat member Bhagat Rufus were also present. The project aims to boost local trade and preserve Balaramapuram's handloom heritage.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

I-T refunds jump 474% since 2013-14
I-T refunds jump 474% since 2013-14

Deccan Herald

time31 minutes ago

  • Deccan Herald

I-T refunds jump 474% since 2013-14

New Delhi: Income Tax refunds have jumped 474 per cent in the last 11 years to Rs 4.77 lakh crore in 2024-25, significantly outpacing the 274 per cent growth in gross tax collections, sources said on there has been an 81 per cent decrease in number of days it takes to issue income tax refunds decreasing from 93 days in 2013 to just 17 days in of 2013-14, the last year of the UPA rule, refunds issued by the Income Tax department was at Rs 83,008 crore. Whereas, at the end of 2024-25, the 11th year of the ongoing NDA rule, I-T refunds stood at Rs 4.77 lakh crore, showing a 474 per cent growth during the top advance tax payers, check fake claims: CBDT to I-T direct tax collection grew 274 per cent to Rs 27.03 lakh crore as of 2024-25, from Rs 7.22 lakh crore as of has been a 133 per cent growth in I-T returns filed since 2013. A total of 3.8 crore ITRs were filed in 2013, which has risen to 8.89 crore in said this massive increase in tax refunds and decrease in number of days to issue refunds is due to improvements in tax administration, especially with the adoption of digital infrastructure including end-to-end online filing and faceless assessment that enables faster and more accurate processing of introduction of pre-filled returns, automation in refund processing, real-time TDS adjustments and online grievance redress mechanisms have led to reduced delays and improved taxpayer as proportion of gross direct taxes collected also rose to 17.6 per cent as of 2024-25, from 11.5 per cent in said the growth in refunds as proportion of gross tax collected is a reflection of increased formalisation and voluntary participation in the tax system.."As the taxpayer base expands and advance tax payments and TDS mechanisms deepen, refunds become more common. The growing volume and share of refunds are thus not merely a statistical trend but a meaningful signal of systemic maturity," they demonstrates that India's tax ecosystem is now firmly aligned with the principles of efficiency, transparency, and taxpayer facilitation.

Gold, silver prices surge this week; silver crosses Rs 1.10 lakh per kg
Gold, silver prices surge this week; silver crosses Rs 1.10 lakh per kg

Hans India

time42 minutes ago

  • Hans India

Gold, silver prices surge this week; silver crosses Rs 1.10 lakh per kg

New Delhi: Both gold and silver prices saw a sharp rise this week, with gold gaining over Rs 400 and silver surging by more than Rs 2,700 per kilogram. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold climbed to Rs 97,511 per 10 grams, up from Rs 97,021 a week ago -- a gain of Rs 490. In the previous week, gold had already seen an increase of Rs 1,237 per 10 grams. The price of 22-carat gold rose to Rs 89,320 per 10 grams, up from Rs 88,871. Meanwhile, 18-carat gold went up from Rs 72,766 to Rs 73,133 per 10 grams during the same period. Silver also saw a steep rise, gaining Rs 2,710 to reach Rs 1,10,290 per kilogram, up from Rs 1,07,580 last week. This marks the first time silver has closed above Rs 1.10 lakh per kg on a weekly basis, with prices hovering near record highs. The recent surge in precious metals is being attributed to global uncertainty. The announcement by US President Donald Trump regarding tariffs on key trade partners like Canada, Europe, and other countries has contributed to the rising tension in global markets. Gold and silver are traditionally seen as safe-haven assets during times of geopolitical and economic instability. When demand rises amid limited supply, prices tend to increase. Since January 1 this year, the price of 24-carat gold has jumped by Rs 21,349 or 28.03 per cent, rising from Rs 76,162 to Rs 97,511 per 10 grams. Similarly, silver has gone up by Rs 24,273 or 28.21 per cent, from Rs 86,017 to Rs 1,10,290 per kilogram. This is now the highest price silver has ever reached. The previous record was Rs 1,09,550 per kg, which was set on June 18 this year. The rise in both gold and silver is being seen as a response to growing global uncertainty.

Titagarh Rail acquires 40 acres of land in Bengal for expansion
Titagarh Rail acquires 40 acres of land in Bengal for expansion

Time of India

timean hour ago

  • Time of India

Titagarh Rail acquires 40 acres of land in Bengal for expansion

Titagarh Rail Systems Ltd has acquired around 40 acres of land on lease for Rs 126 crore from the West Bengal government, a move that will help the company ramp up production of Vande Bharat coaches and metro cars at its Uttarpara facility in Hooghly district, an official said. The land parcel spread across mouzas Kotrung and Bhadrakali is contiguous to Titagarh's existing 34-acre plant at Uttarpara, making it a critical addition to the company's expansion plans, he said. The 99-year lease agreement, signed on July 12, 2025, with the state, involves a consideration of Rs 126.63 crore, he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Do you have a mouse? Desert Order Undo "The additional land will enable us to establish extra production infrastructure and dedicated areas for forming, testing, and commissioning of metro coaches and Vande Bharat trains," the company said in a regulatory filing on Saturday. A test track of adequate length will also be set up to ensure comprehensive performance and safety validation before delivery, it said. Live Events The expansion will support Titagarh's plan to scale up its production capacity from 300 cars per year to around 850 annually by FY'28. The company will also raise Rs 200 crore through a preferential issue of warrants to members of the promoter group. As of March 31, 2025, the company's consolidated order book stood at Rs 11,200 crore, with 62 per cent comprising passenger rolling stock and 38 per cent freight. Its joint ventures hold an additional Rs 13,326 crore of orders, including wheelsets with Ramkrishna Forgings and Vande Bharat coaches with BHEL.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store