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Aug tax mop-up gives boost to govt finances

The Union governments finances witnessed significant improvement in August after a stressful first four months of the current fiscal year. Indias gross tax revenue, comprising both direct and indirect taxes, for the first five months of 2023-24 surged 16.5 per cent year-on-year (Y-o-Y) to Rs 11.8 trillion. During the April-July period, gross tax revenue increased by a mere 2.8 per cent compared to the Budget Estimate of 12.1 per cent growth for FY24.
Sunil Kumar Sinha Aditi Nayar Dominic Xavier Rediff Paras Jasrai Budget Estimate Controller General
Source: rediff.com

Staff dealing with patents to be doubled, office to go digital: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Friday said that the manpower for processing Intellectual Property (IP) applications will be doubled and the process will be streamlined and made more transparent.Addressing the National ...
New Delhi National Ip Award National Intellectual Property Conference National Research Foundation Industry Minister Piyush Goyal Intellectual Property

goyal: India to double manpower to process IP applications: Piyush Goyal

Indias Commerce and Industry Minister, Piyush Goyal, has announced plans to double manpower for processing Intellectual Property (IP) applications in order to streamline the process and increase transparency. He also suggested initiating criminal proceedings against those who file frivolous pre-grant opposition. The Indian Patent Office will hire an additional 900 people to handle the growing number of IP applications. Goyal also proposed the digitization of the Office of the Controller General ...
Rajesh Kumar Singh Department For Promotion Of Industry Indian Patent Office National Intellectual Property Conference Piyush Goyal Friday Intellectual Property

Govt to double manpower for processing Intellectual Property applications | Indiablooms - First Portal on Digital News Management

New Delhi: The government will double the manpower for processing Intellectual Property (IP) applications, and the process will be streamlined and made more transparent, Commerce & Industry Minister Piyush Goyal said on Friday.
Piyush Goyal Piyushgoyal National Research Foundation National Ip Award National Intellectual Property Conference Intellectual Property Conference Nurturing Growth

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Over N300bn property saved in first half of 2023 – Fire Service

The Controller General, Federal Fire Service (FFS) Engr Jaji Abdulganiyu, has disclosed that the Service saved property worth over 300 billion Naira from fire between January and June 2023. He disclosed this while speaking during the Commissioning of firefighting trucks and Ford Rapid Response Vehicles at the Federal Fire Service Headquarters, Abuja on Wednesday. Six…
Abuja Federal Capital Territory Jaji Abdulganiyu Byjoshua Odeyemi Olubunmi Tunji Ojo Fire Service Fire Service Headquarters

Union excise duty collection fell 12% in first five months of FY24

Union excise duty collection dropped 18 per cent in August year-on-year at a time when the overall central tax kitty rose about 94 per cent before devolution to the states. The mop-up from Union excise duty declined to Rs 23,576 crore in August this year compared to Rs 28,816 crore in the same month a year ago. On the other hand, total tax collection rose to Rs 2.9 trillion in the month as against Rs 1.5 trillion in August 2022-23, shows the data released by the Controller General of Accounts (C...
Dominic Xavier Rediff Controller General Business News Usiness News India Ndia Business News Ndian Economy News
Source: rediff.com

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