The gross collection of goods and service tax (GST) soared to an all-time high of over Rs 1.42 lakh crore in March aided by the rationalization of rates and aggressive anti-evasion measures.
GST cess collections amounted to Rs 9,417 crore (including Rs 981 crore collected on import of goods).
The CM was speaking after releasing the logo of the Nandini Ksheera Samridhi Sahakara Bank at a programme in which UM for Home and Cooperation Amit Shah too participated.
The State government provided Rs.100 crore as its share capital and the Milk Federation and Cooperatives would contribute Rs.260 crore as their share of capital for the proposed cooperative bank.
Dr. S Raju has taken over as the Director-General of the Geological Survey of India (GSI) in Kolkata. He succeeds Shri R. S. Garkhal who superannuated on 31st March 2022. Prior to assuming the present post Dr. Raju was holding the post of Additional Director General and National Head, Mission-III & IV at GSI HQ.
In a bid to promote electric vehicles in the Delhi-NCR region, Indian Renewable Energy Development Agency Ltd the largest lender of the Renewable Energy sector in India, sanctioned a loan of Rs. 267.67 crores to BluSmart Mobility for the purchase of 3,000 all-electric cars. From the sanctioned loan of Rs. 267.67 crores, the first tranche of Rs. 35.70 has been disbursed.
IREDA is a Mini Ratna (Category– I) Government of India Enterprise.
International Financial Services Centers Authority and Insurance Regulatory and Development Authority of India have signed an MoU. This MoU focuses on the strengthening inter-regulatory exchange of information, technical cooperation, and supervisory collaboration and opens avenues towards developing innovative insurance solutions for the evolving global trends.
Japan International Cooperation Agency has signed a loan agreement to provide a Japanese Official Development Assistance loan, amounting to approximately ₹680 crores for the Tamil Nadu Biodiversity Conservation and Greening Project for Climate Change Response. The loan is said to help improve the ecosystem, which will in turn help in the State’s socio-economic development.
Andhra Pradesh launched YSR Talli-Bidda express, a dedicated transportation facility for new mothers who deliver at Government hospitals. The government was revamping the medical and health department under nadu-nedu. Facilities and services were being improved. Medicines were being supplied as per WHO and GMP standards in the government hospitals.
The service is coordinated by 102 /108 call center which operates 24X7.
India Ratings cut its real GDP growth forecast for FY23 to 7-7.2 percent from 7.6 percent seen earlier, on the back of higher commodity prices due to Russia’s invasion of Ukraine. Ind-Ra’s India GDP forecast cut comes a day after ICRA Ltd cut its FY23 growth forecast to 7.2 percent from 8 percent.
Indian space-tech startup Pixxel has launched its first satellite, part of its eventual 36-satellite planned constellation, aboard a SpaceX Falcon 9 rideshare mission. The satellite was incidentally the second that Pixxel built, and is a part of the first three technology demonstration satellites in its constellation.
Pixxel will look to complete six launches in the first quarter of 2023.
Amazon India and SUN Mobility announced that they are working together to expand the deployment of EVs integrated with battery swapping technology for its transportation and logistics services. These EVs will contribute to Amazon India’s commitment to adding 10,000 electric vehicles to its India delivery fleet by 2025, announced in 2020.
Digital healthcare platform PharmEasy has roped in filmstar Aamir Khan as its brand ambassador. Owned by API Holdings Limited, Pharmeasy hit the deadlines last year when its parent company bought out the promoter of diagnostic chain Thyrocare in a ₹4,546 crore deal.
Vikas Kumar is the new Managing Director of Delhi Metro Rail Corporation (DMRC) from April 1, 2022. Kumar took over the post from Dr. Mangu Singh, who was the DMRC MD since January 1, 2012. An officer of the 1988 batch of Indian Railway Traffic Service (IRTS), Kumar worked with the Indian Railways in various capacities before joining DMRC.
The deadline to ban the pooling of money and mutual fund units was extended to July 1 by SEBI. As a result, Online platforms and brokers will get some more time to comply with the new Sebi guidelines on the pooling of money and mutual fund units. Earlier, Sebi asked these entities to stop pooling money and mutual funds units from April 1.
Asian Development Bank (ADB) and HSBC India have joined hands to establish a $100 million partial guarantee program to support more than 400,000 micro-borrowers and mostly women-run microenterprises. Under the deal, to give impetus to this partnership aggregated financing of an equivalent of $30 million is being initially disbursed to three MFIs in India by April 2022.
It is ADB’s first partnership with HSBC.