India’s Q1 GDP growth quickens to 7.8% as consumption, capex offset US-Iran war shock :-The Economic Times Aug 31,2026

 

India's gross domestic product (GDP) quickened to 7.8% in the first quarter of FY27, up from revised 6.9% in the same quarter last year, as resilient consumption and exports coupled with robust government capex defied supply chain disruptions and inflated commodity prices triggered by the US-Iran war.

India’s April-June quarter GDP number was slower than the revised 8.6% growth in the previous three months.

Gross value added, a measure of economic activity that excludes taxes and subsidies, grew at 8.2% in real terms, up from 7.1% in the corresponding period last fiscal. Meanwhile, Nominal GVA growth stood at 11.5% for Q1 in real terms.

VALIDITY OF NON JUDICIAL STAMP PAPER IN INDIA

 

Non-judicial stamp papers in India have perpetual validity and do not expire under the Indian Stamp Act, 1899, meaning an old or unused stamp paper can legally be used years after purchase.

Key Rules on Validity

• No Expiry Date: The Supreme Court of India confirmed in Thiruvengadam Pillai v. Navaneethammal that the law prescribes no expiration period for using a purchased stamp paper. 
• The 6-Month Refund Rule: Section 54 of the Act allows you to return unused stamp paper to the Collector within six months for a refund (minus a small fee), but this timeline applies only to refunds, not to the actual use or execution of a document. 
• Adequate Stamp Duty: The value of the stamp paper must match the current state-mandated stamp duty requirements for your specific agreement or transaction. 
• Genuineness Matters: While old stamp papers remain legal, courts may closely examine older documents for authenticity if a dispute arises. 

Haryana State

In Haryana, non-judicial stamp papers follow the standard provisions of the Indian Stamp Act, 1899, meaning they have perpetual validity and do not expire for the purpose of executing a document. 

However, Haryana has shifted heavily toward digital systems and has specific rules you must follow to ensure your transaction is legally valid:

1. Mandatory e-Stamping System

• Digital Transition: The Haryana government has made e-Stamping mandatory for all denominations of non-judicial stamp papers across the entire state. 
• Physical Stamp Limit: Traditional, pre-printed physical stamp papers are phased out for high-value transactions. Registered stamp vendors are only allowed to generate or sell physical stamp papers or Special Adhesive Stamps (SAS) for small denominations up to ₹100. [
• How to Buy: For any values above ₹100, you must buy an e-Stamp online via the state's official e-GRAS Portal or through authorized platforms like eStamper or eDrafter. 

2. Legal Validity Rules in Haryana

• The 6-Month Rule: The 6-month window defined under Section 54 is strictly a refund limitation. If you buy an e-Stamp in Haryana and your deal falls through, you must return it to the Collector of Stamps within 6 months to claim a monetary refund. 
• Delayed Execution Risk: If you hold onto an unused e-Stamp or physical stamp paper for more than 6 months or a year before executing an agreement, Haryana courts and sub-registrars may heavily scrutinize the document to check for backdating or fraud. It is legally safest to execute your document shortly after purchasing the stamp. 
• Old Stamp Paper Policy: The Haryana government permits the use of older physical stamp papers (even those purchased before 2014) provided they are completely valid, blank, un-spoilt, and pass the Revenue Department's official Standard Operating Procedure (SOP) verification. 

Common Stamp Duty Values in Haryana

To ensure your document is legally valid, the stamp paper must be of the correct state-mandated value: 

• Affidavit: ₹10
• General Power of Attorney (GPA): ₹300
• General Agreement / Loan Agreement: ₹100
• Property Sale Deed (Urban): 7% for men, 5% for women