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Monthly Archives: March 2024

Government e Marketplace (GeM) Achieves ₹4 Lakh Crore GMV, Plans Expansion

Government e Marketplace (GeM) Achieves ₹4 Lakh Crore GMV, Plans Expansion

The Government e Marketplace (GeM) has witnessed a remarkable growth, doubling its Gross Merchandise Value (GMV) to ₹4-lakh crore in fiscal year 2023-24. CEO P K Singh announced plans for potential expansion, including opening the portal for consumer use and enhancing its services. Government e-Marketplace (GeM) Achieves ₹4 Lakh Crore GMV: Key Highlights 1. GMV …

Which District of Uttar Pradesh is known as ‘Energy Capital of India’

Which District of Uttar Pradesh is known as ‘Energy Capital of India’?

Uttar Pradesh, one of the prominent states in northern India, is renowned for its rich culture, diversity, and unique traditions. It holds significance for its religious cities and revered beliefs, attracting a large number of domestic and international tourists each year. Total No. of Districts in Uttar Pradesh Uttar Pradesh boasts the highest number of …

Income Tax Department Imposes ₹564.44 Crore Penalty on Bank of India

Income Tax Department Imposes ₹564.44 Crore Penalty on Bank of India

Bank of India (BoI) has disclosed the receipt of an order from the Income Tax Department, Assessment Unit, concerning the Assessment Year (AY) 2018-19. The order imposes a penalty of ₹564.44 crore on various disallowances made by the bank. Penalty Details The Income Tax department has levied a penalty of ₹564.44 crore on Bank of …

IIM Mumbai and Starburst Collaborate to Boost ASD Startups

IIM Mumbai and Starburst Collaborate to Boost ASD Startups

In a significant move poised to reshape India’s Aerospace, New Space, and Defence (ASD) industry, the Indian Institute of Management Mumbai (IIM Mumbai) partners with Starburst, a prominent European Aerospace, New Space, and Defence (ASD) accelerator. This collaboration aims to bolster the ASD startup ecosystem in India, leveraging the resources and expertise of both entities. …

SIA-India and ABRASAT Sign MoU to Boost Space Sector Advancements

SIA-India and ABRASAT Sign MoU to Boost Space Sector Advancements

The SatCom Industry Association of India (SIA-India) and ABRASAT, the Brazilian Satellite Communications Association, have joined forces to propel advancements in the space sector. This strategic partnership aims to foster collaboration and drive innovative ventures and technological cooperation between India and Brazil. Strategic Partnership Highlights 1. Enhancing Connectivity and Cooperation: The MoU facilitates collaboration in …