The government has broadly met the tax collection target of over Rs 34.37 trillion for 2023-24 on the back of robust economic activity and improved compliance.
The government had raised the target for direct tax collection in FY24 to Rs 19.45 trillion, while for indirect taxes (GST+ Customs + Excise) the target was lowered to Rs 14.84 trillion in the revised estimates presented in Parliament on February 1, 2024.
#Economy
https://mybs.in/2dV0BHg
The government had raised the target for direct tax collection in FY24 to Rs 19.45 trillion, while for indirect taxes (GST+ Customs + Excise) the target was lowered to Rs 14.84 trillion in the revised estimates presented in Parliament on February 1, 2024.
#Economy
https://mybs.in/2dV0BHg
Business-Standard
'Govt meets tax collection target of over Rs 34.37 trn for 2023-24'
The government has broadly met the tax collection target of over Rs 34.37 lakh crore for 2023-24 on the back of robust economic activity and improved compliance, an official said.
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Thermal power plants started 2024-25 with 50.7 million tonnes of coal stock, about 37% higher year-on-year and around a quarter more than the government’s initial target to end 2023-24 with 40 million tonnes. #Coal #Energy #Mining
https://t.co/9HU6JeVvHV
https://t.co/9HU6JeVvHV
The Economic Times
Power plants end 2023-24 with 50.7 million tonnes of coal stock
Thermal power plants in 2024-25 began with over 50.7 million tonnes of coal stock, surpassing the previous year by 36%. This surplus aids in meeting summer demand, with forecasts predicting above-normal temperatures. The government increased its thermal power…
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Recent Indian Army and Chinese PLA FPV Kamekazi drone maneuver training clips against ground and aerial targets. #Defence #Drones
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India’s booming market for exchange-traded currency derivatives is headed for a sudden demise.
A new rule set to take effect on April 5 is expected to force out most of the market’s most active players, drying up volumes that reached $5 billion-a-day.
India’s brokerages have asked clients to close out currency derivatives trades linked to the rupee after the central bank reinforced a rule requiring an underlying foreign-exchange exposure
#Economy #Policy
https://t.co/kFPEVlLPmc
A new rule set to take effect on April 5 is expected to force out most of the market’s most active players, drying up volumes that reached $5 billion-a-day.
India’s brokerages have asked clients to close out currency derivatives trades linked to the rupee after the central bank reinforced a rule requiring an underlying foreign-exchange exposure
#Economy #Policy
https://t.co/kFPEVlLPmc
Bloomberg.com
Popular FX Derivatives Market Faces Crushing Blow in India
India’s booming market for exchange-traded currency derivatives is headed for a sudden demise.
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Massive 7.4 Richter Scale #Earthquake jolts Taiwan. Tsunami Warning issued in Taiwan and parts of Japan.
(Source USGS)
(Source USGS)
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Indian Development News 🇮🇳
10,000 Indian construction workers to reach Israel soon in batches starting next week. Israel is offering a whopping 1.5 lakh per month along with Free Food, accommodation & medical insurance #Jobs #ForeignAffairs
1500 Indian Nationals to Travel to Israel as Construction Workers This Month. First batch of 64 workers left yesterday.
#ForeignAffairs #Jobs
https://t.co/3PYzgDDwmT
#ForeignAffairs #Jobs
https://t.co/3PYzgDDwmT
WION
1500 Indian nationals to travel to Israel as construction workers this month
Around 1500 Indian nationals are set to embark on a journey to Israel as construction workers during the month of April, according to the National Skill Development Corporation (NSDC). The recruitment drive witnessed professional tests conducted in both Haryana…
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IAF recently took the delivery of the first among many, indigenously designed and developed Crash Fire Tender (CFT)
Manufactured by an Noida based Indian MSME firm, against a contract worth ₹ 291 Cr, the Indian manufacturer ensured the delivery of the CFT within 14 months of contract signing. This was achieved inspite of multiple disruptions in global supply chain.
As envisaged and promised, IAF continues to hand hold the Indian Defence Manufacturing and Production entities.
#AtmanirbharBharat
Manufactured by an Noida based Indian MSME firm, against a contract worth ₹ 291 Cr, the Indian manufacturer ensured the delivery of the CFT within 14 months of contract signing. This was achieved inspite of multiple disruptions in global supply chain.
As envisaged and promised, IAF continues to hand hold the Indian Defence Manufacturing and Production entities.
#AtmanirbharBharat
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The Ministry of Home Affairs (MHA) has revoked the Foreign Contribution Regulation Act (FCRA) licenses of five notable NGOs after conducting due process, citing violations such as misuse of foreign grants among other reasons.
The NGOs include CNI Synodical Board of Social Service (CNI-SBSS), Voluntary Health Association of India (VHAI), Indo-Global Social Service Society (IGSSS), Church Auxiliary for Social Action (CASA), and Evangelical Fellowship of India (EFOI) #NationalSecurity
The NGOs include CNI Synodical Board of Social Service (CNI-SBSS), Voluntary Health Association of India (VHAI), Indo-Global Social Service Society (IGSSS), Church Auxiliary for Social Action (CASA), and Evangelical Fellowship of India (EFOI) #NationalSecurity
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IAF to Kick start its massive Exercise #Gaganshakti 2024 today & it will go on till April 10. All Airbases of IAF across India are now activated till April 10
All IAF Assets from Tejas, Rafale to Ground based ADS & Missile Battery active too #Gaganshakti
#Defence
All IAF Assets from Tejas, Rafale to Ground based ADS & Missile Battery active too #Gaganshakti
#Defence
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Elon Musk-led Tesla Inc will send a team to India this month to scout for sites for a proposed $2 billion to $3 billion electric car plant, said a report by the Financial Times.
#Economy #Manufacturing
https://www.read.ht/SZHu
#Economy #Manufacturing
https://www.read.ht/SZHu
mint
Elon Musk's Tesla starts site search in India to build electric cars; Maharashtra, Gujarat & Tamil Nadu on list: Report
Tesla will send its team by late April to study sites for the plant, with a focus on Maharashtra, Gujarat and Tamil Nadu, says the report
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NHAI spends record ₹2.07 lakh cr in 2023-24, builds 6,644 km of roads.
The National Highways Authority of India (NHAI) spent a record ₹2,07,000 crore on national highway construction in 2023-24, marking a 20% increase from previous years. The construction of highways reached 6,644 km, a 53% increase from the previous year. NHAI's monetization receipts reached 40,314 crore in FY 2023-24, 70% higher than the previous year.
#Infra #Economy
Source 🔗
The National Highways Authority of India (NHAI) spent a record ₹2,07,000 crore on national highway construction in 2023-24, marking a 20% increase from previous years. The construction of highways reached 6,644 km, a 53% increase from the previous year. NHAI's monetization receipts reached 40,314 crore in FY 2023-24, 70% higher than the previous year.
#Infra #Economy
Source 🔗
The Economic Times
NHAI spends record ₹2.07 lakh cr in 2023-24, builds 6,644 km of roads
The National Highways Authority of India (NHAI) spent a record ₹2,07,000 crore on national highway construction in 2023-24, marking a 20% increase from previous years. The construction of highways reached 6,644 km, a 53% increase from the previous year. NHAI's…
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Agni Prime with MARV + MIRV capability successfully tested tonight by #DRDO .
#Defence #Security #India
#Defence #Security #India
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