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Quote of the day: Michael Jordan

Michael Jordan’s career was shaped as much by doubt and scrutiny as by championships and accolades. From being cut from his high school team to enduring criticism over his leadership, gambling habits and retirement, he repeatedly faced narratives questioning his ability and character. Rather than respond publicly, Jordan relied on self-belief and performance, turning criticism

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NFL trade rumor links Packers, Cowboys to Cardinals’ $76M defensive star

The Arizona Cardinals’ popular linebacker Josh Sweat has sparked drama after he ended up missing the team’s OTAs in the last few days as it was reported that the Cardinals have been receiving trade calls for him as it has sparked chaos among his fans. Amid this, the Green Bay Packers and the Dallas Cowboys

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Government cuts Kharif fertiliser demand estimate on weak monsoon outlook

India anticipates reduced fertilizer use this Kharif season. This comes as the monsoon forecast suggests below-normal rainfall. Urea demand is now projected at 190 lakh tonnes, down from 194 lakh tonnes. Diammonium Phosphate demand is also lowered to 60 lakh tonnes. Government assures ample stocks of rice, wheat, and pulses for domestic needs.

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India reviews duty sop on Scotch in UK trade deal

India is reviewing tariff concessions on Scotch and other goods in its trade deal with the UK. This action is contingent on the UK addressing India’s concerns regarding steel quotas and duties. UK Trade Secretary Peter Kyle is set to meet with India’s Commerce and Industry Minister Piyush Goyal to resolve this deadlock.

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Business

Oman offers to up petchem, fertiliser supply as FTA kicks in

India and Oman have launched a free trade agreement, enabling concessional or zero tariffs on a vast majority of goods. Oman also offered a food security pact, willing to supply more fertilizer and petrochemicals to India. The agreement includes visa benefits for Indian workers and faster pharmaceutical approvals.

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Business

UPI transactions near 30L cr, increase 19%

Digital payments are booming as UPI transactions hit 2,320 crore in May, a significant jump from April. This surge reflects a robust 24% year-on-year volume growth. Meanwhile, National Electronic Toll Collection also saw a healthy month-on-month increase in both transaction numbers and value, indicating continued digital adoption across various payment platforms.

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Business

At 3.2%, GST collection growth slowest in 6 months

GST collections in May saw a modest 3.2% rise to Rs 1.94 lakh crore. While domestic revenue dipped, officials attribute this to a one-off telecom payment in the previous year, asserting underlying consumption remains robust across sectors. Import GST also surged, driven by increased demand for commodities and electronics.

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