Tag: July 2025

Business

India’s GST Collection Reaches ₹1.96 Trillion in July 2025By Allycaral News Desk | Updated August 2025

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India has reported a substantial Goods and Services Tax (GST) collection of ₹1.96 trillion (₹1,96,000 crore), or approximately $22.4 billion, for the month of July 2025. This impressive figure marks one of the highest collections since the introduction of the GST system in 2017.

The robust revenue performance reflects sustained economic activity, increased domestic consumption, and a wider tax base with improved compliance. It also highlights the effectiveness of ongoing measures by the Goods and Services Tax Council and the Ministry of Finance to curb tax evasion and simplify tax processes.

Analysts attribute the rise to enhanced reporting systems, digitization of returns, increased audits, and sectoral reforms that are helping plug revenue leakages.

According to the Ministry of Finance, revenues from domestic transactions—including services and goods—showed notable growth year-on-year, while settlement of IGST among states also contributed to the total inflow.

The GST regime, often regarded as the biggest tax reform in India, was launched to unify the country’s complex indirect tax structure and improve transparency. Over the years, it has emerged as a reliable barometer for India’s formal economic activity.

As the country progresses toward its 2025–26 fiscal goals, consistent GST performance will remain crucial for infrastructure spending, welfare programs, and debt management.

TechPulse

Earth to Rotate Faster Than Usual on Select Dates in 2025, Making Days Slightly Shorter

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In a fascinating celestial event, scientists have predicted that Earth will rotate marginally faster on three specific days in 2025 — July 9, July 22, and August 5 — causing each day to be slightly shorter than the usual 24 hours.

This phenomenon is attributed to subtle variations in Earth’s rotation speed, influenced by the gravitational pull of the Moon and other complex geophysical factors. While these changes are barely noticeable to humans — often measured in milliseconds — they are significant in the realm of timekeeping and space science.

Why Does This Happen?

The Earth’s rotation isn’t perfectly constant. It is influenced by numerous factors including the position of the Moon, seismic activity, atmospheric changes, ocean currents, and even melting glaciers. The Moon plays a major role through tidal friction, which usually slows Earth’s rotation. However, on rare occasions, gravitational positioning between the Earth and the Moon can temporarily cause Earth to spin a bit faster.

What Does It Mean for Us?

Practically speaking, the average person won’t feel any different. However, ultra-precise systems — like GPS satellites, astronomical observations, and atomic clocks — closely monitor these variations. Timekeepers may need to consider these tiny changes when calibrating devices that rely on astronomical time.

These fleeting fluctuations also serve as a reminder of Earth’s dynamic nature and the interconnectedness of celestial bodies in our solar system.

So while your July and August days may feel just as long, know that — by a sliver of a second — time is moving ever so slightly faster beneath your feet.

Business

Castrol India Appoints Mrinalini Srinivasan as New Chief Financial Officer

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Mumbai, July 8, 2025: In a significant leadership announcement, Castrol India Ltd. has appointed Mrinalini Srinivasan as its new Chief Financial Officer (CFO), effective July 28, 2025.

With a solid track record in the finance sector, Mrinalini Srinivasan will play a pivotal role in driving Castrol India’s financial strategy and operations. She takes over the role from the outgoing CFO and is expected to guide the company’s financial operations with her vast expertise in corporate finance, business strategy, and financial management.

Mrinalini Srinivasan comes with an impressive background in finance, having worked with several reputed organizations across diverse sectors. With over two decades of experience in leadership roles, she brings a wealth of expertise in managing corporate finance, strategic planning, mergers and acquisitions, and risk management.

Her appointment marks a key milestone in Castrol India’s continued commitment to strengthening its leadership team as part of its long-term vision for growth and innovation in India’s automotive and lubricants market.

As CFO, Srinivasan will be responsible for overseeing all financial functions, including financial planning, reporting, risk management, and strategic investments. She will be working closely with the leadership team to execute the company’s long-term strategies and ensure continued financial growth.

Castrol India has always been known for its focus on innovation and sustainable growth, and with the addition of Mrinalini Srinivasan, the company is set to further enhance its financial performance and contribute to the continued success of the business.

Mrinalini Srinivasan’s appointment is seen as a significant move by Castrol India as the company gears up for its future in the rapidly evolving automotive sector. As the world moves towards electrification and sustainability, the role of finance will be crucial in navigating the challenges and opportunities of these transitions.

Her appointment is also a testament to Castrol India’s ongoing commitment to attract top-tier talent to lead its business forward, ensuring that the company remains at the forefront of the industry.