INDIA
- India’s exports shrank by 6.86% in August 2023, for the seventh consecutive month compared with the year earlier period.
- The Finance Ministry notified the constitution of 31 Appellate Tribunals across 28 states and 8 Union Territories for the Goods and Services Tax (GST), setting the stage to resolve a growing number of taxpayer disputes with the Revenue Department.
- Tamil Nadu CM M.K. Stalin launched Kalaignar Magalir Urimai Thogai Thittam, the women’s basic income scheme, by distributing ATM cards to beneficiaries in Kancheepuram on the birth anniversary of DMK founder C.N. Annadurai. Under the scheme, Rs 1,000 will be given as a rights grant every month to 1.06 crore women heads of family in the state.
- Srinivasan K. Swamy, Executive Chairman of R. K. Swamy Hansa Group, has been unanimously elected Chairman of the Audit Bureau of Circulations (ABC) for 2023-2024.
BUSINESS
- Tata Steel and the UK Government have agreed to invest in an electric arc furnace at Port Talbot with a capital cost of 1.25 billion pound sterling, including a grant of up to 500 million pound sterling from the UK.