GST collection hits record high of Rs 2.10 lakh crore in April 2024.

  • This is the highest GST collection recorded since July 2017 of the indirect tax regime.
  • The previous highest level registered under GST was Rs 1.87 lakh crore in April 2023.
  • Indian States GST Revenue in April 2024.
    • Maharashtra - 37,671 crore
    • Karnataka - 15,978 crore
    • Gujarat - 13,301 crore
    • Uttar Pradesh - 12,290 crore
    • Tamil Nadu - 12,210 crore
    • Haryana - 12,168 crore

IIT Madras's ePlane's Electric Air Taxi set to 2025 launch.

  • The ePlane Company, incubated at IIT Madras, aims to debut an electric air taxi prototype by March 2025, focusing on reducing urban congestion.
  • Satya Chakravarthy, the CEO, announced plans for initial drone commercialization and a certifiable eVTOL aircraft prototype, pending DGCA certification.
  • InterGlobe and Archer Aviation's partnership will start an electric air taxi service by 2026.

Global Services Export to reach $800 billion by 2030: Goldman Sachs.

  • Goldman Sachs forecasts India's services exports to grow to $800 billion by 2030, strengthening against supply shocks and reducing rupee volatility.
  • India's IT industry revenue surged to $245 billion by FY23, driven by digital services demand, with employment reaching 5.4 million.
  • India’s services exports grew to nearly $340 billion in 2023 at a compound annual growth rate of 11% from 2005.

Kathmandu topped the list of cities with unhealthy air in the world.

  • According to IQAir's World Air Quality Index-Ranking, in terms of pollution, Kathmandu, New Delhi, Chiang Mai in Thailand, Hanoi in Vietnam, Bangkok in Thailand and Dhaka in Bangladesh are ranked first, second, third, fourth and fifth respectively.
  • The Ministry of Health and Population of Nepal has urged people to wear masks given the increase in air pollution in Kathmandu valley.

IIT-Patna awarded patent for its cost-effective inverter.

  • IIT Patna has been awarded a patent for a pioneering lightweight, compact inverter, aiming for self-reliance in portable power.
  • The patented product, developed under the Portable Power Technology startup scheme, integrates battery and inverter in one unit, emphasizing clean energy and improved durability.
  • IIT-Patna’s academic dean : A K Thakur.

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