Southern Gujarat Chamber of Commerce and Industry(SGCCI) will felicitate startup founders andfarmersof the region. The special award function will be held on Wednesday atSurat International Exhibitionand Convention Centre at Sarsana.

In the startup category different Awards like startup of the year, Women startup founder of the year, student startup, startup investor of the year, and best food-tech startup of the year among others will be given.

Google to open global fintech operation centre at GIFT City

US-based tech giant Google is all set to open itsglobal fintechoperations centre at theGujaratInternational Finance Tec-City (GIFT) in Gandhinagar.

The announcement came from Google CEO Sundar Pichai following his meeting with Prime Minister Narendra Modi during the latter’s visit to the US.

The is a big push for GIFT City which houses the country’s first International Financial Services Centre (IFSC), which is being pegged as a global fintech hub.

GIFT City is fast emerging as a global financial hub attracting big players in the fintech sector globally. . It is Home to at least 35 fintech entities, two international Stock Exchanges with Average daily trading volume of $30.6 bn, in addition to the countrys first bullion exchange with 91 qualified jewellers onboarded.

Gujarat govt approves project in private residential societies through public partnership

TheGujaratgovernment gave in-principle approval to allot Rs 5.62 crore to three municipalities of under the Swarnim Jayanti Mukhya Mantri Shaheri Vikas Yojana.

The government has allotted the fund to carry out various works in residential private societies through public PARTNERSHIP.

The proposal was sent to the chief ministerBhupendra Patelby the Gujarat Municipal Finance Board.

The CM sanctioned Rs 5.07 crore for 51 works through public partnership in private Society of Karjan . These 51 works include CC road and paver block works. A total of 51 families will be benefited through these works.

The chief minister has given in-principle approval for 4 works of laying paver blocks through public partnership in Modasa Municipality at the cost of Rs. 30, 37,474 which will benefit 279 families.

Under Swarnim Jayanti Mukhya Mantri Shaheri Vikas Yojana, public partnership scheme, the State Government, society and local body will bear 70:20:10 of the total cost respectively.

Gujarat ranks first in oilseed, fibre output

Gujaratmaintained its first position in the country in terms of the value of oilseed and fibre output, according to a recent report prepared by theUnion ministry of statisticsand programme implementation (MoSPI).
The state ranks fifth in terms of value of output from fruits and vegetables and sixth for sugar, the report says. However, for other produce, the state does not figure in the five best performing states of the country, the report notes.

MoSPI recently released its report Statewise and item wise value of output from Agriculture-notes-for-state-psc-exams”>Agriculture, Forestry and fishing listing the value of output from various items between 2011-12 and 2020-21.

Gujarat: Sabarmati Riverfront projects Phase-II looks east

Along with the development of the western bank of Sabarmati Riverfront, that of the eastern bank and an extension on both the sides are soon to be executed as part of the second phase of the riverfront development project. The Sabarmati Riverfront Development Corporation Limited announced the commencement of the Phase-II of the project.

The plan for the extension includes a stepped embankment where trees have been planted for active and green development.

Gujarat Technological University makes vaccination mandatory for students

Gujarat Technological University(GTU) has made it mandatory for allstudentsof 18 years and above age to get Covid-19vaccinationbefore filling up of Winter 2021 exam forms.

The Centres vaccination drive will continue as before, providing free vaccination for essential and priority populations as defined earlier i.e healthcare workers, frontline workers and Population above 45 years of age. GTU recently announced that it will hold online exams for undergraduate and postgraduate students this year as well.

Defence equipment parts: Rajkot units hopeful of boom

The increase in capital procurement budget to 68% for domestic in the DEFENCE sector is expected to increase output from Rajkot, the hub of engineering units, many of whom are engaged in making parts for defence equipment. There are at least 300 small and big units making parts fordefence equipment, according to industry sources in Rajkot.
Over the last few years, the engineering units of Rajkot are bagging contracts from the Indian Railways as well as the defence ministry.

TheUnion budgetalso proposed to open up research and development for industry and startups in the defence sector.

The FM proposed revoking anti-dumping duty and countervailing duty (CVD) on stainless steel and coated steel flat products, bars of Alloy steel and high speed steel. This will also help the local engineering units, especially those making kitchenware and hardware industry.

Launch of Zen Style Garden and Kaizen Academy

Prime Minister Shri Narendra Modi inaugurated a Zen Garden and Kaizen Academy at Ahmedabad Management Association (AMA) premises in Ahmedabad. These two new initiatives are phase of the PM’s vision of growing a Mini-Japan in Gujarat. The newly launched Zen Garden in Ahmedabad will show off quite a few Elements of Japanese art, culture, landscape and architecture.

The Zen garden facets a statue of Lord Buddha. The backyard is built in PARTNERSHIP with the Japan Information and Study Centre at AMA and Indo-Japan Friendship Association (IJFA), Gujarat, supported through the Hyogo International Association (HIA), Japan.

Feb GST collection surges 8% in state

Increased inflationary pressure, improved industrial production, revival in demand and in turn consumption kept tax collection buoyant in February. According to the data byUnion ministry of finance, the goods and Services tax (GST) collection inGujaratstood at Rs 8,873 crore in February 2022, up 8% year-on-year against Rs 8,221 crore in the corresponding month last year.

players and tax professionals attribute the spike in tax collection to Inflation and cost pressures in addition to streamlining of business procurement cycles.

According to data by state commercial tax department, total collection of state goods and services tax (SGST), stood at Rs 3,007.46 crore with anIGSTsettlement of Rs 1,179.74 crore, amounting to a total of Rs 4,187.20 crore in February as compared to Rs 4,365.79 crore in January
Net VAT collection in Gujarat stood at Rs 2,592.28 crore in February as compared to Rs 2,622.4 crore in January.