India’s economic landscape showcased notable shifts in trade dynamics for September 2023, with overall exports estimated at $63.84 billion, representing a slight downturn of -1.20% compared to the same period in 2022. Meanwhile, overall imports stood at $68.75 billion, reflecting a more pronounced decrease of -13.67% from September 2022. In terms of merchandise trade, September…
In September 2023, the country’s coal output achieved a remarkable milestone with the production of 67.21 million tonnes (MT) of coal, surpassing last year’s figure of 58.04 MT for the same month. This represents a significant increase of 15.81%. Coal India Limited (CIL) contributed to this growth by producing 51.44 MT in September 2023, a…
In September 2023, India’s gross Goods and Services Tax (GST) revenue soared to ₹1,62,712 crore, marking a remarkable 10% year-on-year growth. This achievement signifies the fourth instance in the fiscal year 2023-24 that GST collections have exceeded the ₹1.60 lakh crore threshold. This impressive performance in September was fueled by a breakdown of collections as…
In a bid to stabilize wheat and atta retail prices, the Food Corporation of India (FCI) has been actively participating in the Open Market Sale Scheme (Domestic) [OMSS(D)] initiated by the Government of India. The FCI has consistently offered 2.00 LMT wheat per week at a reserve price of Rs. 2125/- per qtl, aligning with…
NHPC Limited, India’s leading hydropower company, has announced its highest-ever Standalone Profit after Tax (PAT) for Quarter-I of the financial year 2023-24, reaching an impressive Rs. 1,053 Crore, compared to the PAT of Rs. 1,050 Crore for the corresponding quarter in the previous year. The NHPC Board officially endorsed the Q-1 FY23-24 results during their…
As of August 3, 2023, over 28.99 crore unorganized workers have registered on the e-Shram portal. Notably, the portal does not currently capture data specifically for gig workers. A State/UT-wise breakdown of the registered unorganized workers is provided in the annex. The primary purpose of the eShram portal is to register and support unorganized workers…
In an effort to promote standardization and conformity assessment activities, the Bureau of Indian Standards (BIS), the National Standards Body of India, has signed Memorandum of Understandings (MoUs) with 35 prestigious institutions from various states across the country. The institutions include prominent NITs, Government, and Private Engineering colleges. The MoU facilitates the active involvement of…
The Union Minister for State for Finance, Shri Pankaj Chudhary, revealed that the monthly average gross GST collection for the financial years 2021-22 and 2022-23 demonstrated a positive trend, with year-on-year growth rates of 30% and 22%, respectively. The Minister shared this information during a written reply in Lok Sabha today. The Minister underscored that…
REC Limited has approved a loan of ₹4,785 crore for the development of a greenfield refinery cum petrochemical complex in Barmer district, Rajasthan. The loan is part of a consortium arrangement amounting to ₹48,625 crore, with REC Limited’s contribution set at ₹4,785 crores. The proposed project aims to establish a state-of-the-art refinery cum complex with…
India’s overall exports in May 2023 have surged to US$ 60.29 billion, indicating a positive growth trend. Electronic goods exports witnessed a significant increase of 73.96% in May 2023 and a cumulative growth of 48.06% during April-May 2023 compared to the corresponding period last year. Agricultural exports also registered robust growth. Among these particularly the…
