May 02, 2024
GST revenue collection for April 2024 highest ever at US$ 25.2 billion (Rs. 2.10 lakh crore)
India achieves record-high GST collections in April 2024, marking a 12.4% year-on-year growth, as the central government settled US$ 6.03 billion (Rs. 50,307 crore) to CGST and US$ 4.98 billion (Rs. 41,600 crore) to SGST.
India and Nigeria agree to early conclusion of local currency settlement
India and Nigeria aim to finalise a local currency settlement system agreement soon to boost economic ties.
India's power consumption rises 11% to 144.25 billion units in April
India's power consumption surged 11% in April, reaching 144.25 billion units, driven by rising temperatures and increased industrial activity.
DRDO successfully tests the Supersonic Missile-Assisted Release of Torpedo (SMART) system which will enhance Navy's anti-submarine capabilities with an advanced torpedo delivery system.
Ships moved 9% faster at Indian major ports in FY24 as infra improved
India's major ports show a 9% turnaround time improvement, increased cargo handling, and reduced vessel detention, driven by infrastructure upgrades and private sector participation.
India's real estate sector attracted US$ 1.1 billion in investments in Q1 2024; Bangalore and Pune emerge as top investment destinations.