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Monthly Archives: July 2024

RBI Ups Financial Accommodation for States/UTs by 28% to ₹60,118 Crore

RBI Ups Financial Accommodation for States/UTs by 28% to ₹60,118 Crore

The Reserve Bank of India (RBI) has increased the aggregate Ways and Means Advances (WMA) limit for State governments and Union Territories (UTs) by 28%, from ₹47,010 crore to ₹60,118 crore, effective from July 1, 2024. This revision, based on recommendations by a Group of select State Finance Secretaries and considering recent expenditure data, aims …

GST Day 2024: Celebrating India's Unified Tax System

GST Day 2024: Celebrating India’s Unified Tax System

Goods and Services Tax (GST) Day is an important annual event in India’s economic calendar. This day commemorates the implementation of a transformative tax system that revolutionized the country’s fiscal landscape. As we approach GST Day 2024, let’s explore its history, significance, and impact on India’s economy. Date and Background GST Day is observed on …

July, 2024 - - Part 67_10.1

Important Days in June 2024, List of National and International

As the month of June unfolds, it brings with it a tapestry of events, both historical and contemporary, that hold significance for people around the world. From celebrations of culture and heritage to observances aimed at raising awareness about pressing issues, June serves as a platform for reflection, commemoration, and action. Let’s delve into the …