The gross GST revenue collected in the month of December 2021 is Rs 1,29,780 crore of which CGST is Rs 22,578 crore, SGST is Rs 28,658 crore, IGST is Rs 69,155 crore (including Rs 37,527 crore collected on import of goods) and cess is Rs 9,389 crore (including Rs 614 crore collected on import of goods).
he Consumer Protection Act, 2019 promulgates a three-tier quasi-judicial mechanism for redressal of consumer disputes namely district commissions, state commissions and national commission. The Act also stipulates the pecuniary jurisdiction of each tier of consumer commission.
Exports of agricultural and processed food products under Agricultural and Processed Food Products Export Development Authority (APEDA) basket rose to USD 20,674 million (Rs 15,30,50 crore) during 2020-21, from USD 17,321 million (Rs 83,484 crore) in 2011-12, according to data by the Directorate General of Commercial Intelligence and Statistics (DGCI&S).
Indian researchers have developed a high performance industry-standard model for Aluminium gallium nitride (AlGaN/GaN) High Electron Mobility Transistors (HEMTs) with simple design procedures which can be used to make high-power Radio Frequency (RF) circuits owing to its high breakdown voltage.
Despite the strong second wave of the COVID pandemic, housing sales are expected to climb 15-20% above 2020 levels in the calendar year 2021. As infection rates began to decline in July, property sales began to increase. The market for gated communities is expected to surge in 2022, according to real estate developers. Despite the pandemic’s business difficulties, the sector rebounded strongly.
Russia has unveiled the ‘Sibir,’ a new nuclear-powered icebreaker that will join a fast-growing fleet of lethal icebreakers to maintain the Northern Sea Route open for year-round shipping through the Arctic, allowing India to expand its footprint in the region.
The government will soon distribute revised versions of the e-commerce policy and e-commerce rules to spell out comprehensive guidelines for all online transactions, covering all digital commerce and service providers, such as marketplaces, ride-hailing companies, ticketing and payment companies. The idea is that the two drafts will be issued at the same time and will be in sync, decreasing the possibility of misunderstanding.
The Ministry of Commerce and Industry said on Thursday that India and Australia are on track to finalise discussions for an interim free trade agreement (FTA) soon, with the goal of strengthening economic links between the two countries. The full agreement, technically known as the Comprehensive Economic Cooperation Agreement (CECA), is anticipated to be completed by the end of 2022, according to the report.
India is poised to receive an export order for BrahMos supersonic cruise missiles from the Philippines soon, in what could be a big win for India’s defence export campaign.
India’s Prime Minister Mr Narendra Modi is set to release more than Rs 20,000 crore (US$ 2.68 billion) to nearly 100 million beneficiary farmer families on January 1, 2022, the first day of the new year under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). This will be the 10th instalment of financial benefits under this scheme.
