Paving the way for improved export and better bilateral relations with West Asian country, Qatar has lifted the temporary ban on frozen seafood import from India. Last year in the month of November, just before the FIFA World Cup, this ban was imposed after the alleged detection of Vibrio cholera from some of the consignments…
Direct Tax collections up to 10th February, 2023 continue to register steady growth. The gross Direct Tax collections up to February 10 has been Rs. 15.67 lakh crore and it’s 24.09% higher than the tax collected during the corresponding period last year. The growth rate in terms of gross revenue collection for Corporate Income Tax…
Minister for Housing and Urban Affairs, Petroleum and Natural Gas, Hardeep S Puri has announced that the Global Biofuel Alliance is one of the priorities under India’s G20 Presidency. India, Brazil, and the United States will lead biofuel producers and consumers and work jointly to forge alliance with interested countries for the development of a…
Over the last few years, Electronic Toll Collection (ETC) through FASTag has witnessed constant growth. In December 2022, the average daily toll collection through FASTag on NH fee plazas was Rs 134.44 crore. It was on 24th December 2022 that the single day highest collection reached Rs 144.19 crore. The collection in comparison to 2021,…
The government has registered a 15% Y-O-Y increase in the collection of GST Revenue amounting to Rs 1,49,507 crore in December 2022. It’s tenth month in a row that more than Rs 1.4 lakh crore GST revenue have been gathered. In the month of December the CGST is Rs 26,711 crore while the SGST…
Agriculture and Processed Food Products Export Development Authority (APEDA) organised a Mango Festival at Al Jazira group supermarket in Bahrain. The show had on display 34 varieties of mangoes sourced from eastern states such as Bihar, Odisha, West Bengal and Jharkhand. In the current Financial Year, the exports of agricultural as well as processed food…
Continuing to grow sharply, the direct tax collection has reached to Rs. 7,00,669 crore in comparison to Rs. 5,68,147 crore in the same period in the preceding Financial Year( FY 2021-22) registering 23% increase. The Gross collection of Direct Taxes for the FY 2022-23 has also increased by 30% over the previous year. The Gross…
Prime Minister Narendra Modi has launched Power Ministry’s flagship “Revamped Distribution Sector Scheme” with an aim to improve the operational efficiencies, besides ensuring financial sustainability of power distribution companies. With plans to provide 25 crore Smart Prepaid meters to the consumers all over the country, the scheme has an outlay of Rs.3,03,758 crore to be…
The 16th meeting of National Association of Street Vendors of India (NASVI) was held with with the theme, ‘From Encroachers to Self-Employed’. Hardeep S Puri, the Minister for Housing and Urban Affairs, addressed the meeting highlighting that that the street vendors have been an essential part of the economic growth story of India. He said…
India’s overall exports combining merchandise and services in June 2022 are estimated to be USD 64.91 Billion, showing a positive growth of 22.95 per cent over the same period last year. The overall exports in the 1st quarter of FY 22-23 (April-June 2022) are estimated to be USD 189.93 Billion, accouting for a positive growth of…
