The Islamic month of Shawwāl, which comes after Ramadan, starts as soon as the crescent moon, also known as the “Shawwāl moon,” is sighted. Eid al-Fitr, which signifies the conclusion of Ramadan, falls on the first day of Shawwāl.

On the evening of the first crescent moon sighting, Eid al-Fitr starts at sundown. In a few countries, the night when the moon is sighted is known as Chand Raat. The holiday is marked on the day after the moon sets if it is not seen straight away after the 29th day of the preceding lunar month (either because clouds obscure the moon’s view or because the western sky is still too bright at that time). Depending on the nation, Eid al-Fitr is observed for one to three days.

On the day of Eid, a particular prayer is designated, and fasting is prohibited. Before doing the “Eid prayer,” money is given to the destitute and impoverished (zakat al-Fitr), which is a required charitable gesture.

It is believed that, Muhammad is credited with establishing the Muslim holiday of Eid al-Fitr. One hadith claims that these celebrations were first held in Medina following Muhammad’s departure from Mecca. Muhammad’s companion Anas ibn Malik related that when Muhammad first arrived in Medina, he discovered that people were celebrating two particular days and amusing themselves with leisure activities. Muhammad went on to say that God had set apart Eid al-Fitr and Eid al-Adha as two required celebration days.

President Murmu expressed her aspirations on social media site X, writing, “Greetings to all countrymen, especially Muslim brothers and sisters on the auspicious occasion of Eid-ul-Fitr. This festival strengthens the feeling of brotherhood and gives the message of adopting compassion and charity. I wish that this festival brings peace, prosperity, and happiness in everyone’s life and strengthens the spirit of moving forward on the path of goodness in everyone’s hearts.”

On the eve of Id-ul-Fitr, Prime Minister Narendra Modi greeted the nation Monday and offered prayers for the growth of the spirit of kindness, harmony, and hope in society.

PM Modi wished everyone a happy Eid Mubarak on social media. He wrote, “Greetings on Eid-ul-Fitr. May this festival enhance the spirit of hope, harmony and kindness in our society. May there be joy and success in all your endeavours. Eid Mubarak!”

The nation was celebrating Eid-ul-Fitr, the day that Muslims mark the end of the month-long fast of Ramadan, with great zeal and zeal. This Eid, which marks the conclusion of the holy month of Ramadan, is one of the largest holidays in the Islamic calendar. India and the rest of the world are celebrating it with great zeal. As people gather to share meals, trade gifts, and pray for peace and harmony, the holiday represents a time of joy, giving, and solidarity.

Best wishes were also sent on the occasion by a number of other notable dignitaries. Defence Minister Rajnath Singh shared his greetings, saying, “Greetings on Eid-ul-Fitr. May this festival bring happiness, peace, and prosperity to all. Hope this day further strengthens the bonds of harmony and brotherhood all across society. Eid Mubarak!”

On the occasion of Eid-ul-Fitr, Yogi Adityanath, the chief minister of Uttar Pradesh, sent his warmest congratulations and best wishes to the state’s citizens. According to the Chief Minister, the celebration of Eid-ul-Fitr spreads a message of joy and peace. “This festival of happiness strengthens social unity and increases the feeling of mutual brotherhood. This festival gives the message of peace and harmony. On this festival, everyone should take a pledge to further strengthen harmony and social harmony,” posted CMO.

Nitin Gadkari, the Minister of Road Transport & Highways, also posted on X to convey his greetings, “Warmest wishes for Eid-ul-Fitr. May this joyous occasion fill every heart with peace, love, and endless blessings. Eid Mubarak!“

According to data presented in Parliament, 2.18 lakh gram panchayats – out of the 2.68 lakh in the nation have been prepared to offer high-speed internet services as part of the BharatNet initiative.

In a written response, SP Singh Baghel, Minister of State for Panchayati Raj, told the Rajya Sabha that the Department of Telecommunications (DoT) is implementing the BharatNet project in phases to bring broadband services to every gram panchayat in the nation.

According to the resources at their disposal, the minister told the Upper House that every state is working to implement the e-Panchayat Mission Mode Project (MMP). However, the implementation process varies by state because Panchayats across the country have differing levels of readiness.

Additionally, the BharatNet project is expected to be finished by March 2027, according to DoT. According to the minister, broadband services like Fibre to the Home (FTTH) connections, leased lines, dark fiber, and backhaul to mobile towers can be provided using the infrastructure built under BharatNet.

In order to upgrade the current BharatNet Phase I and Phase II network and establish a network in approximately 42,000 gram panchayats that are not yet service-ready, he said the Union Cabinet approved the Amended BharatNet Program under the “design, built, operate and maintain” model. The network would be operational and maintained for ten years.

The goal set for Bharat Sanchar Nigam Limited (BSNL) is to connect 1.5 crore households to FTTH over the course of the next five years.

He also told the Upper House that the e-Panchayat MMP is being implemented in all of the nation’s states and Union Territories (UTs) by the Ministry of Panchayati Raj as part of the Digital India Programme. The goal of this project is to restructure Panchayat operations to become more open, responsible, and efficient.

In order to streamline Panchayat operations like budgeting, accounting, and planning, the Ministry has introduced eGramSwaraj, an online planning and accounting tool.

In order to enable Gram Panchayats to pay suppliers and service providers in real time, the Ministry has also integrated eGramSwaraj with the Public Financial Management System (PFMS). He noted that panchayats create and submit their Annual Panchayat Development Plans using the eGramSwaraj platform.

The producers of filmmaker Buchi Babu Sana‘s next action entertainer, which stars Ram Charan, revealed the film’s title, “Peddi,” and the actor’s first appearance in the movie on Thursday in an attempt to start the actor’s birthday celebrations in a big way.

On Thursday, two Ram Charan posters were made public. One features a close-up of Ram Charan’s face, while the other shows him poised for battle, brandishing what looks to be a plank of wood. In all photos, the actor sports a rough, country appearance. His beard, hair, and solemn face give his persona further depth.

The movie’s producer, Vriddhi Cinemas, posted on its X timeline, “A man of the land, A force of the nature. #RC16 is #PEDDI Happy Birthday Global Star @AlwaysRamCharan.”

The film, which was produced by Venkata Satish Kilaru and is being marketed as a pan-India extravaganza by its creators, is being shown by Sukumar Writings and Mythri Movie Makers, a formidable production company.

According to people close to the film’s development, #RC16 is being made on an unprecedented scale, with a huge budget, stunning visuals, top-notch production values, and state-of-the-art technical expertise.

An amazing fusion of talent and star power is created by the film’s ensemble of well-known performers from a variety of film industries. Shiva Rajkumar, the Kannada superstar, has a significant and impactful role in the movie. The ensemble cast of the much awaited movie will include Divyendu Sharma, Janhvi Kapoor, Shiva Rajkumar, Jagapathi Babu, and Ram Charan.

Academy Award-winning composer AR Rahman is composing the film’s music, and master filmmaker R. Rathnavelu is capturing the images. The production designer for this movie is Avinash Kolla.

Actress Janhvi Kapoor wrote a sweet birthday message for her “Peddi” co-star Ram Charan on X, “Happy Birthday Sir @alwaysramcharan #Peddi @buchibabu_sana rathnaveludop @arrahman @mythriofficial @sukumarwritings.” Using fire emojis, she also posted the captivating posters on her Instagram stories.

“Peddi” is Ram and Janhvi Kapoor’s debut on-screen partnership.

In honor of Ram Charan’s 40th birthday, the producers of the upcoming action entertainer directed by Buchi Babu Sana today revealed the film’s title, “Peddi,” along with the actor’s first appearance.

Despite ongoing macroeconomic challenges and growing uncertainty in the major US and European markets, the Indian IT services sector is expected to maintain its 6–8% (in rupee terms) growth in fiscal 2026, a report released Thursday said.

According to the Crisil Ratings study, currency depreciation benefits of 2% will also help to enhance the revenue growth. The Indian IT services sector is expected to increase by mid-single digits for the third consecutive fiscal year. Operating profitability is still strong, nevertheless, thanks to a small increase in staff and low turnover.

Banking, financial services, and insurance (BFSI; revenue share of 30%), retail (15%), manufacturing (10%), and healthcare (10%) account for nearly two-thirds of total revenues, with the majority of the remaining revenue coming from technology and services, communications, and media.

While manufacturing and healthcare growth remained slow at 3–4% in fiscal 2025 due to macro concerns, revenue from the BFSI and retail categories experienced a modest comeback, increasing 2% (on constant currency terms). According to Anuj Sethi, Senior Director at Crisil Ratings, “in the near term, IT expenditures will continue to be concentrated on cost optimization, consolidation, and efficiency gains.”

Nevertheless, with a growing emphasis on artificial intelligence (AI) and generative AI (Gen AI) across all categories, IT services providers will continue to achieve good transaction wins. Although the application of AI is still developing, companies are now combining AI-based products with their conventional services to increase end customers’ efficiency.

“We expect domestic IT services providers to remain cautious on fresh hiring in fiscal 2026 and maintain focus on employee utilisation, estimated at 85%,” stated Aditya Jhaver, Director, Crisil Ratings.

Players will nevertheless keep an eye out for acquisitions, particularly small and mid-sized ones that could expand their product lines and digital capabilities. The top 24 Indian IT service providers, which accounted for 55% of the industry’s projected revenue of Rs 15 lakh crore this fiscal year, were examined in the Crisil Ratings report.

Finance Minister Nirmala Sitharaman informed the Lok Sabha on Tuesday that the revised Income Tax Bill would be discussed during the Monsoon session of Parliament.

The six-decade-old Income Tax Act, 1961 will be replaced by the Income-tax Bill, 2025, which will simplify direct tax regulations, eliminate ambiguities, and decrease tax disputes.

According to the Finance Ministry, three fundamental principles served as the basis for the simplification process: maintaining continuity and certainty, avoiding significant changes to tax policy, and avoiding changes to tax rates in order to maintain predictability for taxpayers. Textual and structural simplification was also implemented to improve clarity and coherence.

The Bill, which is based on international best practices, intends to make doing business easier by offering a straightforward and understandable tax structure. As a result, the Act’s volume has significantly decreased, making it easier to read and understand. From the enormous 512,535 words in the previous Income Tax Act, the new Income Tax Bill now only has 259,676 words. According to an official statement, this nearly 50% cut has led to a reduction of 252,859 words.

As a result, the new Income Tax Bill now comprises 23 chapters instead of the 47 in the previous Income Tax Act. According to the statement, the number of sections has also been reduced from 819 to 536, which has led to the removal of up to 283 sections.

This significant decrease has been brought about by the simplicity of the language, which has made the legislation easier to understand, and the consolidation of modifications, which has lessened fragmentation.

According to the statement, a three-pronged strategy was used, with an emphasis on rearranging sections logically to make them easier to refer to, removing superfluous and repeating provisions for improved navigation, and removing complex language to improve readability.

Additionally, tables and formulas have been used to rationalize the structure for better reading. According to the statement, maintaining current taxation principles has improved usability while guaranteeing continuity.

In order to identify best practices, industry and tax specialists were consulted, and simplification approaches from Australia and the UK were examined.

By consulting taxpayers, companies, trade associations, and professional associations, the government also made sure that all stakeholders were widely involved. Relevant suggestions were reviewed and, when possible, included out of the 20,976 online suggestions that were submitted.

S&P Global Ratings predicted on Tuesday that India’s GDP will increase at a rate of 6.5% in the fiscal year ending March 31, 2026, demonstrating a robust economy in the Asia-Pacific region despite global uncertainty.

In its most recent quarterly economic report for Asia-Pacific economies, the global banking institution stated, “This assumes that the upcoming monsoon season will be normal and that commodity — especially crude — prices will be soft.”

“Discretionary consumption will be supported by lowering borrowing costs, reducing food inflation, and the tax benefits announced in the nation’s budget for the fiscal year ending March 2026,” it continued.

Trade will be more resilient in nations where a significant portion of exports are services, as tariffs are often imposed on products. This is particularly true for India and the Philippines. Regarding rate cuts, S&P Global Ratings predicted that during the current cycle, the Reserve Bank of India (RBI) will lower interest rates by an additional 75–100 basis points.

According to the report, “food inflation will ease and crude prices will drop, bringing headline inflation closer to the central bank’s target of 4% in the fiscal year ending March 2026 and fiscal policy is contained.”

It said that “the robustness of our forecasts underscores the resilience of the regional economies” in light of the number of governmental initiatives and outside forces affecting Asia-Pacific. China’s economy will be impacted by the US tax increases on its exports, nevertheless.

“Our November baseline included 10% U.S. tariffs, which implies a roughly 25% effective U.S. tariff on Chinese exports. The effective rate will rise to roughly 35% with the additional 10% charges. Through decreased investment, exports, and other knock-on impacts, that will slow China’s growth,” the research stated.

It further stated that South Korea (mostly due to vehicles), Singapore (primarily due to pharmaceutical items), and Malaysia (primarily due to semiconductors) could be the countries most affected in terms of GDP growth.

Ashutosh Sharma dedicated his “Player of the Match” award to mentor and former India opener Shikhar Dhawan after he led the Delhi Capitals to a thrilling one-wicket victory over the Lucknow Super Giants with an outstanding effort of 66 not out.

Ashutosh’s special video call with Dhawan personally added even more significance to the occasion; the Delhi Capitals posted the footage on social media, and it quickly gained popularity.

He was ecstatic. In a video that DC posted, Ashutosh remarked, “I love you, paaji.”

Before the former declared his retirement from the game, Dhawan and Ashutosh played together at Punjab Kings (PBKS) the previous season. During their time together at Punjab Kings, Dhawan, who announced his retirement from all forms of cricket earlier this year, served as Ashutosh’s mentor.

Ashutosh’s development as a player was greatly influenced by the former India opener, who was renowned for his poise and leadership. Beyond the Punjab Kings lineup, Dhawan served as a mentor to several young cricket players, helping to shape their careers.

I had learned from the previous year and also missed a few opportunities to complete the game during the previous season. I concentrated and visualized it during the entire year. I thought that anything could happen if I played till the very end of the over. Well done, Vipraj. I urged him to continue striking. Under pressure, he remained remarkably composed. After winning “Player of the Match,” Ashutosh remarked, “I want to dedicate this award to my mentor Shikhar Paaji.”

Axar Patel, the captain of DC, chose to field first after winning the toss. Before Mitchell Starc’s outstanding overs in the final overs helped DC limit LSG to 209/8, LSG openers Aiden Markram and Mitchell Marsh made the most of the powerplay overs.

Ashutosh, who entered the game as an Impact Substitute, changed the course of the match by hitting an undefeated 66 off 31 balls while chasing 210, giving DC their most successful run chase in IPL history. Vipraj, 20, meanwhile, struck a brilliant 39 off 15 balls, which was vital in quickening the innings.

According to a recent assessment, India is on pace to surpass big nations and emerge as the global center of consumption. India’s consumption is the fastest growing sector in the world and makes for 56% of the nation’s GDP.

According to a survey by Angel One and Iconic Asset, India’s consumption is expected to quadruple by 2034 during the following ten years. The growing number of nuclear households is one of the main causes of rising consumption. Spending is rising as a result of the nation’s households growing faster than the population.

India is also expected to take the lead in the global workforce expansion, which will increase economic activity even more. India’s remarkable potential for savings is also highlighted in the report. The savings in the nation totaled $12 trillion between 1997 and 2023. This amount is predicted to increase tenfold over the following twenty-five years, reaching $103 trillion by 2047. Significant prospects for higher expenditure and economic expansion will be made possible by this increase in savings.

Consumption will also increase as a result of recent tax cuts included in the Union Budget. According to the research, these tax cuts will free up Rs 1 lakh crore, which might result in an additional Rs 3.3 lakh crore in spending and a 1% increase in India’s GDP.

India is anticipated to follow a global trend in which spending on experiences, clothing, gadgets, and accessories (including jewelry) increases more quickly than spending on necessities.

According to the paper, China and the US both experienced periods of economic boom in which discretionary consumption exceeded basic spending, and India is probably going to experience a similar trend.

“During the period when per capita income rose sharply, consumption spending in the US climbed tenfold. Similar increases in spending can be seen in India when per capita income rises, the survey continued.

Even with the growth of contemporary retail, tiny neighborhood Kirana businesses still account for 92% of India’s retail sales. According to the survey, organized retail has a great chance to grow and gain a bigger market share.The research also emphasizes how India’s youthful population propels consumerism. There are more Gen Zers in India than there are in the US.

Gen Zers will account for every second rupee spent in India by 2035, contributing to the nation’s rapidly increasing spending.