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Wednesday, March 12, 2025

Industry Dynamics

Cabinet approves Amendments to the Finance Bill, 2021

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi gives ex-post facto approval for the Government amendments to the Finance Bill, 2021 (enacted on 28th March, 2021 as the Finance Act, 2021). The amendments were essential to clarify and...

Union Minister for Chemicals and Fertilizers addresses the Workshop on PLI Scheme for Bulk Drug and Medical Devices

Union Minister for Chemicals and Fertilizers Shri Sadanand Gowda virtually addressed the Workshop of selected applicants under PLI Scheme for Bulk Drug and Medical Devices. CEO Niti Aayog, Shri Amitabh Kant, Secretary (Pharma), Ms S. Aparna and senior officers...

Ministry of Tourism Signs MOUs with Online Travel Companies to strengthen hospitality and tourism industry

In its ongoing effort to strengthen the Hospitality & Tourism Industry especially in the times of the pandemic, the Ministry of Tourism signed a Memorandum of Understanding (MoU) with Cleartrip and Ease My Trip on 15th April 2021. The primary...

Provisional Net Indirect Tax collections (GST & Non-GST) for the Financial Year 2020-21 show growth of more than 12% compared to actual Revenue Receipts...

The provisional figures for indirect tax collections (GST & non-GST) for the Financial Year 2020-21 show that net revenue collections are at Rs 10.71 lakh crore as compared to 9.54 lakh Crore for the Financial Year 2019-20, thereby registering a growth...

Union Ministry of Agriculture signs MoU with Microsoft for a pilot project in 100 villages of 6 states

Prime Minister Shri Narendra Modi's idea of digital agriculture is taking shape: Shri Narendra Singh Tomar Transparency at the central government level is benefiting the farmers and labourers Union Ministry of Agriculture and Microsoft India yesterday inked a Memorandum of Understanding...

Fund raising for Public Issues and Rights Issues registered an increase of 115% and 15% respectively in FY 2020-21

Number of issues in Corporate Bond Market increased by 10% in FY 2020-21 Number of unique investors across Mutual Fund schemes also increased by 10% in FY 2020-21 Despite the uncertainty prevailing in FY 2020-21 owing to CoVID-19 pandemic, fund raising...

Sitharaman participated in 103rd meeting Development Committee Meeting of World Bank-IMF

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated in the 103rd Meeting of the Development Committee Plenary via video conferencing here today. The items on the agenda included World Bank Group (WBG) and International Monetary Fund Support for...

Provisional Direct Tax collections for the Financial Year 2020-21 show growth of almost 5%

Net Direct Tax collections represent 104.46% of the Revised Estimates of Rs. 9.05 lakh crore of Direct Taxes for the F.Y. 2020-21 Advance Tax collections for F.Y. 2020-21 stand at Rs. 4.95 lakh crore which shows a growth of approximately...

Sitharaman attends Plenary Meeting of International Monetary and Financial Committee (IMFC) of IMF through video-conference

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today attended the Plenary Meeting of the International Monetary and Financial Committee of the Board of Governors of the International Monetary Fund (IMF) at the virtual Spring Meetings...

Convergence between Ministry of Food Processing Industries and Ministry of Rural Development for the Pradhan Mantri Formalization of Micro Food Processing Enterprises Scheme

Convergence between various schemes of the Ministries has been one of the key agendas, government is trying to pursue, so that resource utilization is optimized and benefits to the masses are maximized. With a view to provide financial, technical and...

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Startup Mahakumbh 2025 Set to Host 50K+ Attendees

As India pushes forward in its journey to become a global innovation powerhouse, Startup Mahakumbh 2025 is set to...