Automobile gross sales zoom to new excessive in August, sign sturdy pageant present
The Indian auto cellular trade posted its highest ever month-to-month home passenger automobile (PV) gross sales at 360,897 items in August, up 10.4 per cent year-on-year (Y-o-Y). This got here forward of pageant season and on the again of progress within the general economic system, an uptick in manufacturing resulting from a greater chip provide, and excessive demand for SUVs. The GST assortment final month, too, witnessed excessive progress of 11 per cent Y-o-Y to over Rs 1.59 trillion; it, nonetheless, was lower than the Rs 1.65 trillion mop-up in July resulting from muted progress within the assortment of built-in GST (IGST) and cess on imports. Learn extra
India all set for Aditya-L1 mission: It is time for Isro to bask within the Solar
After the success of the Chandrayaan-3 mission by soft-landing on the Moon, India is all set to launch its first area mission to check the Solar, referred to as Aditya-L1, on Saturday by 11.50 am. The Indian Area Analysis Organisation (Isro), began a 23-hour 40-minute countdown on Friday at 12:10 hours. Here’s a take a look at the important thing highlights of the observatory-class photo voltaic mission. Learn extra
From good telephones to laptops, 206 mn out of date units mendacity with households
As many as 206 million units — good telephones and laptops — are mendacity idle with client households, in response to a report and survey by the Indian Mobile and Digital Affiliation (ICEA) together with Accenture. Based mostly on estimates out there until FY21, the staggering numbers present that there are severe challenges within the efficient disposal of digital waste or waste from electrical and digital tools within the nation, at the same time as this has change into a key focus space of the federal government with a view to enhance the atmosphere and guarantee sustainable manufacturing. Learn extra
India’s GST assortment will increase 11% to Rs 1.59 trn on higher compliance
Items and providers tax (GST) assortment in August grew 11 per cent to Rs 1.59 trillion yearly on account of elevated compliance and anti-evasion measures. In August 2022, assortment was Rs 1.43 trillion. Nevertheless, throughout the month, the tax collected by the Centre (CGST) and the states (SGST), and the income from imports and inter-state gross sales moderated over the earlier month. Learn extra
Narayana Murthy, Azim Premji to arrange household funding fund at GIFT Metropolis
India could quickly get its first household funding fund (FIF) when two of the nation’s most profitable entrepreneurs, N R Narayana Murthy and Azim Premji, arrange one every at GIFT Metropolis, Gujarat. Catamaran Ventures, the household workplace of Murthy, and Premji Make investments, which represents related pursuits of Premji, have utilized to the Worldwide Monetary Companies Centres Authority (IFSCA) to arrange India’s first FIF. Learn extra
