Author: Malavika Subramanyan

Advisory board members of Indian descent will play a crucial role in directing the organization and the energy services and technology industries on matters pertaining to energy. The US Energy Workforce and Technology Council elected Indian-origin leaders to the advisory board for the year 2023-2024, such as the president and CEO of ChampionX, Sivasankaran “Soma.” Somasundaram, managing director and global co-head of Energy & Power Investment Banking at Piper Sandler, Sanjiv Shah, and president of Universal Pressure Pumping, Akshay Sagar. Somasundaram, who was named the Houston Business Journal’s “most admired CEO” in 2022, is a member of the ChampionX board…

In April 2023, India collected an all-time high of US$ 22.9 billion (Rs. 1.87 trillion) in goods and services tax (GST), according to information provided by the Ministry of Finance. Increased year-end sales, data analytics that enhanced compliance, and consistent economic growth were the main drivers of the excellent mop-up. The last record-breaking collection was US$ 20.5 billion (Rs. 1.68 trillion) in April of last year, while the mop-up was US$ 19.6 billion (Rs. Additionally, the highest-ever tax revenue was collected on one day in April 2023. “On April 20, 2023, US$ 8.3 billion was paid through 9.8 lakh transactions,”…