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GST collections for August at Rs. 1,59,069 Cr, 3.6% lower than July

Out of Rs. 1,59,069 crore collected as GST revenue for August 2023, CGST was Rs. 28,328 crore, SGST was Rs. 35,794 crore, IGST was Rs. 83,251 crore (including Rs. 43,550 crore collected on import of goods), and cess was Rs. 11,695 crore (including Rs. 1,016 crore collected on import of goods).

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India’s automotive industry set to secure third global ranking by 2030: Govt

The cascading effect of various schemes to propel the growth of automotive industry and it is poised to rank third in the world by 2030. New Delhi: India’s automotive industry is poised to rank number three in the world by 2030, with various schemes like the Rs. 25,938 crore PLI for Automobile and Auto Components supporting the sector’s growth, the government said on Monday.

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Data protection bill can have adverse impact on press freedom: Editors Guild

Under Section 36 of the DPDP Bill, the Guild said, the government can ask any public or private entity (data fiduciary) to furnish personal information of citizens, including journalists and their sources.

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Govt decides to keep 28% GST on online gaming

The Centre will bring amendments to the Central GST law in the ongoing monsoon session of Parliament, following which states will pass the amendments to State GST law in their respective assemblies.

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Startups In India Will Increase 10x In Next 4-5 Years: MoS IT

The minister emphasised the transformative journey India has embarked upon since 2014. From being predominantly focused on IT and ITes, the next 4-5 years will witness substantial growth for startups and unicorns, he noted.


In yet another sensational story of another Indian founder taking his startup for a joyride, Broker Network (operated by 4B Networks) founder Rahul Yadav reportedly maintained a luxurious lifestyle such as owning a Mercedes-Maybach and hired a boardroom at the Taj Land’s End for Rs 80,000 per day, as employees were left unpaid for months.

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Another startup controversy: Rs 280 cr vanished as Broker Network founder Rahul Yadav
Broker Network founder Rahul Yadav reportedly maintained a luxurious lifestyle while employees were left unpaid for months
There are chances of India’s gross domestic product (GDP) growth for FY23 crossing the estimated 7 per cent growth going by the trends, Reserve Bank of India (RBI) Governor Shaktikanta Das said.

#GDPGrowth #RBI #Governer #SMEFutures
India’s GDP growth may even cross 7% in FY23: RBI Governor
Speaking at the annual conference of CII RBI Governor Das noted that for FY23, the estimates for India's GDP growth is 7 per cent
PM Narendra Modi addressed a business roundtable with CEOs of top Australian companies in Sydney on Wednesday and invited them to take advantage of investment opportunities offered by India in various infrastructure domains.

#smenews #smenewsindia #smefutures
Mumbai ranks 3rd as biggest data centre market in Asia-Pacific

Mumbai has become the third biggest data centre market in the Asia-Pacific region, with a total capacity at 2,337 MW and breaching the 2GW mark in Q1, a report showed on Monday.
Job seekers are now preferring stable and established companies to work with and grow within the organisation instead of startups, a report by jobs and professional networking platform revealed.
Motherhood is an extraordinary journey that demands immense dedication, resilience, and selflessness. However, in today’s dynamic and uber competitive world, many women have embarked on another equally remarkable journey called entrepreneurship.
Indian Mompreneurs: Balancing motherhood and entrepreneurship  | SME Futures
On this Mother’s Day, SME Futures brings to you the stories of four inspiring mompreneurs who are leading the way by acing the everyday challenges...
11th May of every year in India is commemorated as National Technology Day. This day highlights the technological achievements of our country’s tech mavens, researchers, and engineers. With this, National Technology Day is a reminder of the tremendous impact that technology has had on our socio-economic progress as a country. One of the sectors that has changed the course of Indian sub-continent with technological innovations is the fintech sector.  more
National Technology Day: Impact of tech and futuristic roadmap for fintech
Fintech is one of the industries that has seen significant expansion with AI/ML, analytics, blockchain, and big data, disrupting markets
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