The Union Cabinet has approved USD 808 million (INR 6,062.45 crore) for a new scheme 'Raising and Accelerating MSME Performance' (RAMP). The new scheme assisted by the World Bank is expected to commence in the financial year of 2022-23.
Debashish Mitra, President, Institute of Chartered Accountants of India, India is all set to host the 21st World Accountants Congress, the Kumbh of Accountants, for the first time in its 118 years of existence.
The gross goods and services tax (GST) revenue collected in March 2022 is INR 1.42 lakh crore, the highest ever since the implementation of the new taxation system.