February 2021

GUJARAT Gujarat: Fintech hub, tax incentives to attract more players in GIFT IFSC The International Financial Services Centre (IFSC) at GIFT City in Gandhinagar is set to attract more players — both global and domestic — with the Union Budget on Monday providing government’s support for the development of world-class Fin-Tech (financial technology) hub at the IFSC. The FM also announced … Read more

GUJARAT Gujarat Gas m-cap crosses Rs 30,000 crore With its stock price rallying on strong financial performance, the market capitalization of the state-run Gujarat Gas Limited (GGL) crossed Rs 30,000 crore mark. The city gas distribution major now has m-cap more than the combined market capitalization of all other Gujarat government-owned listed companies. The company’s market cap … Read more

GUJARAT Gujarat govt to set up Indian Institute of Skills in Gandhinagar The Gujarat government is setting up an Indian Institute of Skills (IIS) at Nasmed village in Gandhinagar district. The state Labour and Employment department is setting up the institute in collaboration with the Tata Group on a not-for-profit PPP model. The state government … Read more

GUJARAT At Rs 18,996 crore, Gujarat third in loans to MSMEs Loan amount worth Rs 18,996 crore was extended to MSMEs in Gujarat under the Emergency Credit Line Guarantee Scheme (ECLGS) till January 21, 2021, according to data tabled in the lower house of the Parliament. This makes Gujarat the third-highest borrower under the scheme, … Read more

GUJARAT Gujarat women power dairy sector growth In 2012, Mittal Patel of Borsad taluka’s Kavitha village ventured into dairy business with just one cow. She along with her husband and brother-in-law increased cattle holding by taking loans. Now, this 38-year-old is a proud owner of Sargam dairy farm, having nearly 200 cows including 75 calves. … Read more

GUJARAT Gujarat reports 4th-highest GST frauds in India With rising number of fake billing scams and those involving illicit claiming of input tax credit (ITC), Gujarat reported fourth highest number of Goods and Services Tax-related frauds. According to data tabled in the Parliament by the Union ministry of finance, the state reported 2,848 cases of GST-related frauds from 2017-18 … Read more

GUJARAT Wildlife disease research centre to be set up in Gujarat Under "Project Lion", the government of India has decided to set up a National Wildlife Disease Diagnostic Research and Referral Centre in Gujarat. This is the first major announcements made under the Project Lion. The proposal is part of the document for Project Lion drafted in consultation … Read more

GUJARAT Combined Commanders' Conference to began at Kevadiya in Gujarat A three-day Combined Commanders' Conference l began at Kevadia in Gujarat. Theaterisation of armed forces, self-reliance in defence sector and evolving threats in the region will be the focus areas during the three-day annual event. During the conference, the setting up a new air defence … Read more

GUJARAT Gujarat govt clears Rs 6k-crore investments In a positive beginning to 2021, the Gujarat government has approved five big-ticket investment proposals by four companies, which will invest close to Rs 6,000 crore in diverse sectors. The companies will set up manufacturing facilities in Dholera and Halol. The state industries and mines department has approved a proposal … Read more

GUJARAT Replacement of Floodgates of Bhadar Dam Gujarat The Central Water Commission’s dam safety organization recommended replacing the sluices of the Bhadar Dam that was damaged in the 2015 flash flood. Located in Rajkot, the Bhadar Dam is the second largest dam in the Saurashtra area, after Shetrunji Dam. The Bhadar Dam is located on … Read more