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In the midst of a global market slowdown caused by the Russia-Ukraine crisis, Prime Minister Narendra Modi directed that 10 lakh people be hired within the next 18 months. It will have a significant positive impact on the economy of the country.
“The PM reviewed the status of human resources in all departments and ministries and instructed that recruitment of 10 lakh people be done by the government in a mission mode in the next 1.5 years,” the Prime Minister’s Office (PMO) tweeted.
The Ministry of Home Affairs responded immediately to this directive by tweeting, “In line with instructions of PM @narendramodi to carry out 10 lakh recruitments in all GOI Deptts & Ministries over a period of 1.5 yrs, Ministry of Home Affairs has initiated steps to fill up vacancies in Mission Mode.
Net Direct Tax collections for the Financial Year 2022-23 grown at over 45%
The figures of Direct Tax collections for the Financial Year 2022-23, as on 16.06.2022 show that net collections are at Rs.3,39,225 crore compared to Rs. 2,33,651 crore over the corresponding period of the preceding year, representing an increase of 45% over the collections of the preceding year. The net collection (as on 16.06.2022) in F.Y. 2022-23 has registered a growth of 171% over the corresponding period of F.Y. 2020-21 when the net collection was Rs. 1,25,065 crore, and a growth of 103% over the corresponding period of F.Y. 2019-20 when the net collection was Rs. 1,67,432 crore.
Overall Merchandise and
Services Exports jump 24% in May, 2022
India’s overall exports (Merchandise and Services combined) in May 2022 are estimated to be USD 62.21 Billion, exhibiting a positive growth of 24.03 per cent over the same period last year. The merchandise exports in May 2022 were USD 38.94 Billion, as compared to USD 32.30 Billion in May 2021, exhibiting a positive growth of 20.55 per cent. The estimated value of services export for May 2022* is USD 23.28 Billion, exhibiting a positive growth of 30.32 per cent vis-a-vis May 2021 (USD 17.86 Billion).
India’s overall exports (Merchandise and Services combined) in April-May 2022* are estimated to be USD 124.59 Billion, exhibiting a positive growth of 25.90 per cent over the same period last. The merchandise exports for the period April-May 2022 were USD 78.72 Billion as against USD 63.05 Billion during the period April-May 2021, registering a positive growth of 24.86 per cent. The estimated value of services export for April-May 2022* is USD 45.87 Billion, exhibiting a positive growth of 27.71 per cent vis-a-vis April-May 2021 (USD 35.92 Billion).
The overall imports (Merchandise and Services combined) in May 2022* are estimated to be USD 77.65 Billion, exhibiting a positive growth of 59.19 per cent over the same period last year. The overall imports in April-May 2022* are estimated to be USD 151.89 Billion, exhibiting a positive growth of 45.44 per cent over the same period last year.