Government e-Marketplace (GeM) has achieved significant milestones in the procurement of services over the past few years. GeM, India’s leading online platform for government procurement, witnessed an extraordinary increase in the transaction value, reinforcing its commitment to streamlining the procurement process and fostering efficiency and transparency in government purchases. GeM’s robust growth in service procurement has been nothing short of remarkable. Over the last two to three years, the transaction value has surged from approximately INR 8,505 crore in FY 20-21 to an impressive INR 65, 957 crore in FY 22-23. The services sector has exhibited a staggering increase in…
Author: Amit Bhanot
PTI India and Sri Lanka have resumed talks for an economic and technology cooperation agreement (ETCA), after a gap of nearly five years, an official statement said. The two countries had 11-rounds of talks from 2016 to 2018. Thereafter the negotiations were paused. “India and Sri Lanka held the twelfth round negotiations on the ETCA in Colombo from October 30 to November 1,” the commerce ministry said in a statement.
PTI he income tax department on Wednesday said a record number of over 7.85 crore ITRs were filed till October 31. The total number of ITRs (income tax returns) filed in FY 2023-24 for all assessment years up to October 31, 2023 stands at 7.85 crore, an all-time high when compared to total number of ITRs of 7.78 crore filed in FY 2022-23, the I-T department said. October 31 was the due date for filing of ITRs (other than ITR 7), for taxpayers (not having any international or specified domestic transaction), in whose case books of account were required to…
The outstanding balance of ‘8.83% GOVT. STOCK 2023’ is repayable at par on November 24, 2023 (November 25, 2023 being non-working Saturday). No interest will accrue from the date of maturity of the loan. In the event of a holiday being declared on repayment day by any State Government under the Negotiable Instruments Act, 1881, the Loan/s will be repaid by the paying offices in that State on the previous working day. a) As per sub-regulations 24 (2) and 24 (3) of Government Securities Regulations, 2007 payment of maturity proceeds to the registered holder of Government Security held in the form of Subsidiary General Ledger…
PTI India, the world’s third-biggest energy consumer, is closely monitoring the evolving energy situation amid geopolitical crises and is hopeful of navigating, Oil Minister Hardeep Singh Puri said on Wednesday. India, which is more than 85 per cent dependent on imports to meet its oil needs, is diversifying its supply sources and is investing in alternate energy sources such as biogas and biofuels as well as in energy transition. “There is some concern today because of the geopolitical uncertainty, you know, supply chains could get affected,” he said. “All those who are involved in this will realize what is at…
PSU Connect The Board of Directors of Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary company of ONGC and Schedule “A” Mini Ratna Category I Company during its 259th Meeting held on October 31, 2023, approved it’s Standalone and Consolidated Unaudited Financial Results for the Second Quarter (Q2 FY 2023-24) and Half Year (H1 FY 2023-24) ended September 30, 2023. Major Highlights for the Second Quarter (Q2 FY 2023-24): In the month of July 2023, a record highest gross crude throughput of 1,438.5 TMT was achieved, surpassing the previous record of 1,428.4 TMT set in July 2019. Ever highest Reformate…
The Indian Express A decade after India and Bangladesh signed a Memorandum of Understanding (MoU) for setting up the first Indo-Bangla international railway connectivity in Northeast India in 2013, Prime Minister Narendra Modi and Bangladesh Premier Sheikh Hasina Wednesday jointly inaugurated the Agartala-Akhaura project virtually from New Delhi and Dhaka, respectively. The project is all set to usher in new possibilities of connectivity, transit and trade and commerce for the otherwise land-locked state of Tripura. Chief Minister Dr Manik Saha joined the event virtually from Agartala. In his speech at the inaugural event, Modi said his government signed the Indo-Bangla Land Boundary…
Money Control Union Road Transport Minister Nitin Gadkari on Tuesday said national highway projects worth nearly Rs 3 lakh core have been sanctioned in the past 10 years, increasing the length of NH by 45 per cent in the region. Gadkari, however, also warned that the authorities are facing land acquisition problems in some of the NE states such as Nagaland and Meghalaya and projects could be closed if the issues are not resolved soon. Addressing a press conference after reviewing the progress of NH works in Assam, Gadkari said, “Projects worth Rs 2,89,425 have been given to NE in…
BS In a significant move, the government has permitted Indian companies to list on foreign exchanges, subject to certain conditions. The corporate affairs ministry has notified the relevant section under the companies law in this regard. Currently, overseas listings by local listed entities are carried out through American Depository Receipts (ADRs) and Global Depository Receipts (GDRs). “In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2020 (29 of 2020), the Central Government hereby appoints the 30th day of October 2023 as the date on which the provisions of section 5 of the…
PTI External Affairs Minister S Jaishankar has discussed contemporary challenges with Portuguese Prime Minister Antonio Costa and appreciated his guidance for the further development of India-Portugal ties. Jaishankar, who arrived here on the first leg of his four-day visit to Portugal and Italy with an aim to further bolster India’s bilateral ties with the two key European nations, also appreciated Portugal’s support for India-EU ties. “Pleasure to meet Prime Minister @antoniocostapm today (Tuesday). Conveyed the warm greetings of PM @narendramodi. Discussed contemporary challenges and appreciated his guidance for the further development of our ties,” Jaishankar said on X.