GST collections above Rs 2 trn for second straight month
Total refunds issued during the month dipped 4 per cent to Rs 27,210 crore. Net GST mop-up in May stood at about Rs 1.74 lakh crore, a 20.4 per cent year-on-year growth. Deloitte India Partner M S Mani said the wide variations in the growth of GST collections across states require a thorough analysis across the sectors that are important in each state.
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Business Standard
22 minutes ago
- Business Standard
L&T Technology Services bags $60 million order from US telecom firm
IT company L&T Technology Services on Saturday said it has bagged a multi-year contract worth $60 million (about Rs 510 crore) from a prominent US-based wireless telecommunications services provider. Under the agreement, LTTS will deliver advanced network software development and application engineering solutions. "L&T Technology Services wins around $60 million software engineering engagement from US Tier-I Telecom Provider," LTTS said in a statement. LTTS will establish a delivery centre in the United States to further support and enhance project delivery. Under the terms of the agreement, LTTS will provide crucial engineering services, including research and development lab integration, new product development, and functionality testing for the customer's network software automation platforms. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
India Today
22 minutes ago
- India Today
Historic free trade deal with UK shows world's trust in India: PM in Tamil Nadu
Prime Minister Narendra Modi on Saturday described the recently concluded FTA between India and the UK as 'historic,' and said the trade pact showed the world's trust in the regards Operation Sindoor, he said weapons manufactured under the 'Make in India' initiative played a great role during the cross-border military offensive in destroying enemy targets and making enemies lose PM inaugurated, laid foundation stones and dedicated projects worth Rs 4,900 crore in Tuticorin and underscored the NDA government's commitment towards Tamil Nadu's growth. In his address after inaugurating the projects, PM Modi said he was blessed to directly land in Tamil Nadu after completing his foreign tour during which the India-UK Free Trade Agreement was signed before his visit to the trade pact with Britain was 'historic'."India and Britain signed a FTA. This shows the growing trust of the world and our self-confidence. We will make Viksit (developed) Bharat and Viksit Tamil Nadu with this self-confidence," PM Modi said."FTA with Britain adds pace to our vision of Viksit Bharat, Viksit Tamil Nadu," the PM, clad in a traditional veshti (dhoti), shirt and an angavastram worn around the neck, said. He landed in Tuticorin directly after wrapping up his official tour of the a developed India and Tamil Nadu, he said, "Infrastructure and energy are the backbone of any state's development; our focus on infrastructure and energy in the last 11 years shows our commitment to TN's growth."The NDA government has constructed Atal Setu, Sonmarg Tunnel, Bogibeel Bridge in different parts of the country and these created thousands of job regards the railways, he said it is the lifeline of industrial projects he inaugurated on Saturday are related to airport, highways, railways, port and power in Tamil Nadu and he said that inaugurated projects include a new state-of-the-art Tuticorin airport terminal building, developed at an estimated cost of around Rs 450 regards railway projects, it includes the electrification of the 90 km Madurai–Bodinayakkanur line, commissioned at a cost of Rs 99 crore and the Rs 650 crore doubling of the 21 km Nagercoil Town–Kanniyakumari Prime Minister dedicated to the nation, two strategically significant highway projects - 4-laning of 50 km Sethiyathope–Cholapuram stretch of NH-36, developed at a cost Rs 2,350 crore and 6-laning of the 5.16 km NH-138 Tuticorin Port Road, built at around Rs 200 inaugurated the North Cargo Berth–III with a cargo handling capacity of 6.96 MMTPA at VO Chidambaranar Port, established at a cost of Rs 285 the occasion, he invoked legendary freedom fighters from the region - VO Chidambaram Pillai, king Veerapandia Kattabomman and chieftain Veeran Azhagu Nadu Governor RN Ravi participated in the event. State Finance Minister Thangam Thenarasu presented a memento, a replica of the iconic Valluvar Kottam in Chennai, to the Prime Minister on the Civil Aviation Minister K Rammohan Naidu, Union Minister of State L Murugan, TN Social Welfare Minister P Geetha Jeevan, Lok Sabha MP Kanimozhi and top officials took part.- EndsTune InMust Watch IN THIS STORY#Narendra Modi
Time of India
25 minutes ago
- Time of India
Air India crash: Airline disburses Rs 25 lakh interim compensation to families of victims; Tata Group sets up welfare trust
Air India disburses Rs 25 lakh interim compensation to families of crash victims NEW DELHI: Following the tragic crash of Air India Flight 171 on June 12, the airline announced that it has disbursed Rs 25 lakh in interim compensation to the families of 147 of the 229 passengers who died, as well as to the families of 19 others who lost their lives at the crash site. The interim payment is intended to meet the immediate financial needs of the affected families and will be adjusted against the final compensation amount to be determined later. In a statement issued on Saturday, the airline reiterated its support for the victims and their families. 'Air India stands in solidarity with the families and those affected by the AI171 accident. We continue to mourn their loss and remain fully committed to providing support during this difficult time,' the airline said. 'Over a month ago, Air India started releasing interim payment of Rs 25 lakh to the affected families, to help them meet their immediate financial needs. The interim payment will be adjusted against any final compensation,' added the statement. The airline also confirmed that documentation for an additional 52 families has been verified and interim compensation will be disbursed to them progressively. 'Air India has, so far, released the interim compensation to the families of 147 of the 229 deceased passengers and also the 19 who lost their lives at the accident site. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo In addition, the requisite documents of 52 others have been verified, to whose families the interim compensation will be released progressively,' said the statement. Alongside this financial aid, The Tata Group has set up the 'AI-171 Memorial and Welfare Trust' in honour of the victims of the Air India Flight 171 tragedy. The Trust has pledged an ex-gratia payment of Rs 1 crore for each deceased individual. In addition, it will contribute to rebuilding the BJ Medical College Hostel, which was damaged in the crash. According to the statement, the Trust will extend support to first responders, healthcare workers, disaster relief teams, social workers, and government personnel who played a critical role in the aftermath of the accident, helping address any trauma or distress they may have experienced.
