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Better monsoon this year will help check inflation: Jaitley

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Mumbai, with rains this year having advanced well into the country, Finance Minister Arun Jaitley on Sunday said a better monsoon would help check food inflation.M_Id_160999_delhi_rain

“It appears that the rain gods may be kinder this year to us than they were last year,” he said at the Nabard foundation day celebrations here.

Expressing the hope that the monsoon would be as good as it was last month, Jaitley said the department of agriculture expects better rainfall in most parts of India for higher yields of oil seeds and pulses, whose prices are currently a concern in terms of inflation.

“I hope their estimates turn out to be true,” he said.

The finance minister also referred to Saturday’s official data on overall growth in indirect tax revenue collections during the first quarter and said rising tax revenues and improving macroeconomic fundamentals will take the economy to an accelerated growth trajectory.

“Saturday’s indirect revenue data for the first quarter did indicate that customs duty, excise duty and service tax, even without additional revenue measures, were up 14.5 percent over the past fiscal,” he said.

“There are some sporadic data which indicate a significant recovery,” the finance minister said.

“With the ongoing reforms process, and some more significant changes like goods and services tax in the pipeline, increased infra spending, emphasis on smart cities — when all these initiatives get onto the field, then our aspiration to cross that 8 percent growth and get to the 8-10 percent level is not something which is completely out of sight,” he added.

“The silver lining is that the revenue situation may be more comfortable, compared with last year,” Jaitley said

The overall growth in indirect tax revenue collections during the April-June quarter was 37.4 percent.

“The overall growth in indirect tax revenue (provisional) collections during the first quarter of current fiscal year, that is, April-June 2015, have increased from Rs.112,094 crore to Rs.153,980 crore suggesting an increase of 37.4 percent over the corresponding period in the last financial year,” an official statement said on Saturday.

It added that in June 2015, the indirect tax collections increased by 33.3 percent compared to June 2014.

These increases were spread across all three tax categories of “customs, central excise and service tax”.

“These collections reflect, in part, additional measures taken, including the excise increase on diesel and petrol, increase in clean energy cess, the withdrawal of exemptions for motor vehicles and consumer durables, and in June, the increase in service tax from 12.36 percent to 14 percent,” it said.

It further said these collections indicate that the underlying momentum in the economy is improving, across all sectors, including manufacturing, reflected in healthy excise tax collections.

“The growth in underlying indirect tax collections of 14.5 percent suggests a healthy increase in nominal gross domestic product growth, which constitutes the tax base for indirect tax collections,” the statement added.

(IANS)

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Beauty Rituals to Follow During Monsoon

Contrary to what most people believe, moisturising is as important in summer as it is in winter

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Beauty Rituals to Follow During Monsoon
Beauty Rituals to Follow During Monsoon. Pixabay

During monsoon, do not stop taking care of your skin thinking that the blazing sun would not harm your skin anymore. Use a soap-free cleanser, exfoliate regularly and do not skip the toner, say experts.

Shankar Prasad, founder at Plum; Chytra V Anand, Cosmetic Dermatologist and founder of Kosmoderma Skin and Hair Clinic, and Cyril Feuillebois, director of Kronokare, have listed the must-follow steps for the rainy season:

* Limit washing your face 2-3 times a day with a soap-free cleanser. This will help maintain a clean, healthy skin without stripping your skin off its essentials oil.

* Exfoliating the skin is necessary to get rid of the dead layers on your skin. Get a regular skin exfoliation treatment like microdermabrasion or mild chemical peel to reduce the risk of falling prey to infection.

* Always go for a minimal make-up and products from the organic front. Let your pores breathe. Apply a lip balm that can moisturize the lips, keep one handy so that you can use it anytime.

Always go for a minimal make-up and products from the organic front
Always go for a minimal make-up and products from the organic front. Pixabay

* Don’t skip the toner. In summer, we tend to sweat a lot and this can cause our skin pores to open up. Use a toner after cleansing to help shrink these pores. Invest in an alcohol-free toner with antioxidant ingredients like green tea and glycolic acid that help tighten enlarged pores, to control blemishes and acne, while removing dead cells.

* Choosing the right sunscreen for the right complexion and skin type is extremely important. Use nothing below SPF 30. Put where your skin gets exposed to the sun for a long period of time, apply evenly and generously on the face before sun exposure.

Re-apply frequently, especially after swimming or drying yourself with a towel. Apply every 2-3 hours for optimum protection.

* Seal the moisture with a mask. Control oiliness in the skin caused by humidity, with a once-a-week clay mask that naturally absorbs oil. Look for one with tea tree or green tea extracts and gentle exfoliation to prevent breakouts by removing dead cells and impurities from the pores.

* Contrary to what most people believe, moisturising is as important in summer as it is in winter. Exposure to the sun and pollution strips off the natural oils of your skin, causing it to tan and age early. So you need a light, non-greasy day cream that has a minimum of SPF30, and mild natural ingredients such as grape seed and sea buckthorn that aid cell repair and regeneration.

moisturising is as important in summer as it is in winter.
Moisturising is as important in summer as it is in winter. Pixabay

* Take extra care of sensitive areas: The skin on our lips and around our eyes is thinner than that on the rest of the face, so they need extra attention during the summer. The heat can make the eyes burn and lips, chapped. Make sure you splash your eyes regularly, and keep your lips protected with lip balm.

* If you can’t do without kajal, invest in an ophthalmologically approved, waterproof kajal pencil, free from parabens, mineral oil or paraffin. Also, remove all make-up before retiring for the night, and soothe your eyes with rosewater-dipped cotton balls.

Also Read: French Skincare Founder Says, Indians Paying More Attention To Skin

* Take Vitamin C to boost your immune system as that can help fight infections.

* Dust yourself with antifungal powder on clean dry skin to stay away from unwanted infections.

* Use gentle products and maintain a good, simple routine using sunscreen regularly and incorporating chemical peels or exfoliants, so your skin will transition smoothly. (Bollywood Country)