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Monthly Archives: January 2024

Vivek Srivastava Named DG Of Fire Service, Civil Defence & Home Guards

Vivek Srivastava Named DG Of Fire Service, Civil Defence & Home Guards

  The Appointments Committee of the Cabinet (ACC) has recently approved the appointment of Vivek Srivastava, a seasoned 1989-batch IPS officer of Gujarat cadre, as the Director General of Fire Service, Civil Defence & Home Guards under the Ministry of Home Affairs. Department of Personnel & Training Issues Official Order on December 28 The decision …

ITC Collaborates with Microsoft and Skymet to Shield Tobacco Farmers from Climate Challenges

ITC Collaborates with Microsoft and Skymet to Shield Tobacco Farmers from Climate Challenges

In a noteworthy alliance, ITC, a prominent Indian conglomerate, has joined forces with Microsoft and Skymet to address the escalating challenges faced by tobacco farmers in India due to climate change. The adverse impacts of climate change on agriculture are well-known, and the tobacco sector is no exception, suffering an estimated loss of ₹800-900 crore …

RBI Issues Master Direction to Ease Reporting Norms for REs

RBI Significantly Raises Bulk Deposit Limit for Large UCBs to ₹1 Crore and Above

In a significant move, the Reserve Bank of India (RBI) has decided to substantially increase the bulk deposit limit for large urban co-operative banks (UCBs). The new limit now stands at ₹1 crore and above, a notable surge from the previous threshold of ₹15 lakh and above. Applicability to Tier 3 and Tier 4 UCBs …

Strong Growth in GST Collections: December 2023 Records ₹1.65-lakh crore

Strong Growth in GST Collections: December 2023 Records ₹1.65-lakh crore

In a significant economic development, Goods and Services Tax (GST) collections for December 2023 reached ₹1,64,882 crore, marking a notable 10.28% surge compared to the ₹1,49,507 crore collected in the same month the previous year. This accomplishment underscores the seventh consecutive month in the fiscal year where average GST collections have exceeded ₹1.6-lakh crore. Notably, …

BRICS group to double in 2024 after Saudi, Iran, UAE, Egypt, Ethiopia join ranks

BRICS group to double in 2024 after Saudi, Iran, UAE, Egypt, Ethiopia join ranks

BRICS, the group of emerging-market nations comprising Brazil, Russia, India, China, and South Africa, is poised to undergo a significant expansion on January 1. South Africa’s envoy to the bloc revealed that Saudi Arabia, Iran, the United Arab Emirates, Ethiopia, and Egypt have accepted invitations to join, effectively doubling the organization’s membership. Background In August, …

DRDO celebrates it 66th Foundation Day

DRDO Celebrates Its 66th Foundation Day

India’s Defence Research and Development Organisation (DRDO) commemorated its 66th Foundation Day on January 1, 2024, marking a significant journey of innovation and self-reliance in the country’s defence sector. The day was celebrated with great enthusiasm and a renewed commitment to bolstering India’s defence capabilities. Key Highlights of the Celebration Tributes to Visionaries: The celebrations commenced …

UPI ends 2023 with record transactions worth ₹18-lakh crore, up 42% y-o-y

UPI ends 2023 with record transactions worth ₹18-lakh crore, up 42% y-o-y

In December, UPI transactions soared by an impressive 42% year-on-year, reaching an astounding value of Rs 18 lakh crore. The transaction volume witnessed a substantial 54% rise, totaling 1,202 crore. Remarkably, the month-on-month growth in UPI transaction volume was a substantial 7%. Average Daily UPI Transactions Despite missing the targeted 100 crore daily transactions set …

Surat Hosts 12th Divya Kala Mela 2023

Surat Hosts 12th Divya Kala Mela 2023

  The Department of Empowerment of Persons with Disabilities (Divyangjan), under the Ministry of Social Justice and Empowerment, Government of India, organised a distinctive event aimed at showcasing the products and craftsmanship of Divyang entrepreneurs and artisans from across the nation. The event, titled ‘Divya Kala Mela,’ took place in Surat, Gujarat, spanning from December …

Rashmi Govil to be Next Director (HR) of IOC

Rashmi Govil to be Next Director (HR) of IOC

Rashmi Govil, a seasoned HR executive with nearly three decades of experience at Indian Oil Corporation (IOC), is poised to step into the role of Director (Human Resources) at the state-owned firm. Her nomination for the position was recommended by the Public Enterprises Selection Board (PESB), highlighting her exceptional qualifications and contributions to the organization. …