GST Collections Touched Rs 1.16 Lakh latest news headlines

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GST Collections Touched Rs 1.16 Lakh Crore In July 2021

GST collections for July 2021 were Rs 1.16 lakh crore

Goods and Services Tax (GST) collections for July 2021 were Rs 1.16 lakh crore, 33 per cent more than the corresponding period of last year.

According to figures released by Finance Ministry on Sunday, gross GST revenue collected in July 2021 are Rs 1,16,393 crore, out of which Central GST is Rs 22,197 crore, State GST is Rs 28,541 crore and Integrated GST is Rs 57,864 crore (including Rs 27,900 crore collected on import of goods) and cess of Rs 7,790 crore (including Rs 815 crore collected on import of goods).

GST collections in July 2020 had stood at Rs 87,422 crore, while sequentially they had stood at Rs 92,849 crore in June this year.

“GST collection, after posting above Rs 1 lakh crore mark for eight months in a row, dropped below Rs 1 lakh crore in June 2021 as the collections during the month of June 2021 predominantly related to the month of May 2021,” the finance ministry said in a statement.

During May 2021, when the country had been severely hit by the second wave of the Coronavirus pandemic, many states were under partial or complete lockdown.

“With the easing out of Covid restrictions, GST collection for July 2021 has again crossed Rs 1 lakh crore, which clearly indicates that the economy is recovering at a fast pace. The robust GST revenues are likely to continue in the coming months too,” the ministry said.

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Latest News Today – Centre Released 600 Lakh Tonnes Of Food Grains During

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Centre Has Released 600 Lakh Tonnes Of Food Grains During Pandemic For Poor

Centre released 600 lakh tonnes of food grains under Pradhan Mantri Garib Kalyan Ann Yojana

Centre released around 600 lakh tonnes of food grains during the Coronavirus pandemic year 2020-21 and 2021-22 under Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY).

According to Ministry of Consumer Affairs data, out of the 600 lakh tonnes of food grains allotted to the scheme’s beneficiaries during the period, 400 lakh tonnes of stocks had been lifted by states till July 14, 2021.

The total stock of food grains in the Central Pool as on July 1, 2021 was 900 lakh tonnes, consisting of 603 lakh tonnes of wheat and 296 lakh tonnes of rice.

The PMGKAY had been initiated by the Government in March 2020 after the pandemic-induced nation-wide lockdown had been imposed and millions of migrant workers were forced to return to their native places.

The scheme was aimed at providing such displaced people and those in rural areas with free food grains.

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Latest News Today – WhatsApp Banned Over 20 lakh Indian Accounts Between May

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WhatsApp Banned Over 20 lakh Indian Accounts Between May 15 And June 15

WhatsApp said it was focused on blocking abuse of its platform.

New Delhi:

More than 20 lakh accounts were banned between May 15 and June 15 in India, Facebook-owned WhatsApp said on Thursday in its monthly compliance report that details actions taken by social media and web platforms in accordance with the country’s new Information Technology Rules.

“WhatsApp […] deploys tools and resources to prevent harmful behaviour on the platform. We are particularly focused on prevention because we believe it is much better to stop harmful activity from happening in the first place than to detect it after harm has occurred,” the instant messaging platform said.

“The abuse detection operates at three stages of an account’s lifestyle: at registration; during messaging; and in response to negative feedback, which we receive in the form of user reports and blocks. A team of analysts augments these systems to evaluate edge cases and help improve our effectiveness over time,” it said.

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Latest News Today – Net Direct Tax Collections Jump Over 91% To Rs 2.49 Lakh

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Net Direct Tax Collections Rise Over 91% To Rs 2.49 Lakh Crore So Far In 2021-22

Net Direct Tax collections for 2021-22 have grown at a robust pace despite COVID

Despite the worse condition due to COVID-19 which impacted economic growth, the net direct tax collection has doubled to over Rs 2.49 lakh crore so far this fiscal, mainly driven by personal income tax and advance tax mop up, Income Tax department sources told ANI.

The net direct tax collections between April 1 and July 3 stood at Rs 2.49 lakh crore, compared to Rs 1.29 lakh crore over the corresponding period of the preceding year, representing an increase of 91 per cent over the collections of the preceding year. Net Direct Tax collections for the financial year (FY) 2021-22 have grown at a robust pace despite the disruption caused by the COVID-19 pandemic on the economy.

The gross collection of Direct Taxes (before adjusting for refunds) for the FY 2021-22 stands at Rs 2.86 lakh crore compared to Rs 1.94 lakh crore in the corresponding period of the preceding year. This includes Corporation Income Tax (CIT), Personal Income Tax (PIT), Security Transaction Tax (STT) and advanced tax. This amount is expected to increase as further information is received from banks.

Commenting on the direct tax collection trends Income Tax department sources said collection figures are encouraging and the department is cautiously optimistic to achieve the Budget target set by Union Finance Minister Nirmala Sitharaman. He added that transparent and fair taxation system gives us the confidence, apart from revival of the economic activity, despite the difficult times, that we will be able to achieve the current target. The target for current fiscal has been set at Rs 11.08 lakh crore.

Commenting on the direct tax collection, Neeru Ahuja, Partner, Deloitte India said, “These are clearly positive outcomes of an economy getting back on track. Business optimism and the many compliance tracking initiatives taken by the tax authorities.”

Earlier Central Board of Direct Taxes (CBDT) in a statement said Income Tax department has issued refunds of over Rs 37,050 crore to more than 17.92 lakh taxpayers between April 1, 2021 to July 5, 2021. Income tax refunds of Rs 10,408 crore have been issued in 16,89,063 cases and corporate tax refunds of Rs 26,642 crore have been issued in 1,03,088 cases.

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Latest News Today – Over 4 Lakh COVID-19 Deaths In India, 853 In 24 Hours

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Over 4 Lakh COVID-19 Deaths In India, 853 In 24 Hours

India has the lowest deaths per million population among the top 10 countries.

New Delhi:
India passed a grim milestone on Friday as it became only the third country to report over four lakh Covid-related deaths after the US and Brazil. India, however, has the lowest deaths per million population among the top 10 countries.

Here are the top 10 updates on coronavirus:

  1. India’s Covid chart continued to show improvement today, with the country recording 46,617 cases, a marginal drop of four per cent from yesterday. India’s test positivity rate (positive cases identified for every 100 tests) continues to decline. For the 25th straight day it is below the 5 per cent-mark at 2.48 per cent.

  2. Active cases have decreased by 13,620 in the last 24 hours to take the tally to 5.09 lakh. Recoveries have been outnumbering the daily new cases for the 50th consecutive day now. Active cases not constitute only 1.67 per cent of the total cases.

  3. Kerala contributed 12,868 cases to the country’s daily numbers. It was followed by Maharashtra (9,195 cases) and Tamil Nadu (4,481 cases). Delhi recorded 91 new cases on Thursday with a positivity rate of 0.12 per cent. The infection rate, which had risen to 36 per cent in the last week of April, has fallen below 0.20 per cent now.

  4. Prime Minister Narendra Modi, addressing doctors on the occasion of National Doctors’ Day on Thursday, said that despite the population pressure, India’s per lakh population rate of infection and death rate has still been manageable compared with more developed countries. This was possible because the government gave paramount importance to healthcare infrastructure to combat the pandemic, he said. 

  5. While India is seeing a downward curve in Covid cases, reports of 

  6. Delta Plus variant in at least 12 states has led to fresh concerns among health officials. Delta strain was classified as a “variant of concern” by the government last month as it warned states to be on guard.

  7. Globally, more than 12 countries have detected Delta Plus cases. In the US, the Delta variant is the second most prevalent coronavirus mutation and is predicted to become the predominant one in the coming weeks, according to Centers for Disease Control and Prevention (CDC) Director Rochelle Walensky.

  8. The World Health Organisation, however, said that the Delta Plus variant is not presently a “variant of concern” for the World Health Body. WHO Chief Scientist Dr Soumya Swaminathan told NDTV that Delta Plus variant is not of concern as its infection numbers are still low.

  9. Scientists and vaccine makers have been crafting updated versions of their anti-Covid shots to directly target emerging variants like Delta variants, which have been significantly more transmissible than the original virus that first emerged in China in late 2019.

  10. Johnson & Johnson said that its single-shot coronavirus vaccine was effective against the fast-spreading delta variant. The company said in a statement that recipients of its vaccine neutralised the delts variant within 29 days of a first dose.

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Latest News Today – Rs 1 Lakh Loan Guarantee To Tourist Guides, Free Visas

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Rs 1 Lakh Loan Guarantee To Tourist Guides, Free Visas To Revive Tourism

Finance Minister Nirmala Sitharaman on Monday said that in order to revive tourism in the country it will provide financial support to more than 11,000 registered tourist guides and travel and tourism stakeholders. “Under new Loan Guarantee Scheme for COVID Affected Sectors, working capital/personal loans will be provided to people in tourism sector to discharge liabilities and restart businesses impacted due to COVID-19,” Ms Sitharaman said in a presentation.

The scheme will cover 10,700 regional level tourist guides recognized by Ministry of Tourism and Tourist Guides recognized by the State Governments and Travel and Tourism Stakeholders (TTS) recognized by Ministry of Tourism.

Under the scheme 100 per cent guarantee for loans will be provided up to Rs 10 lakh to travel and tourism stakeholders and up to Rs 1 lakh to tourist guides licenced at regional or state level.

No processing charges, waiver of foreclosure/prepayment charges will be levied for loan seekers under the scheme and no additional collateral requirement will be needed, Finance Minister’s presentation noted.

In order to further give a boost to tourism sector, Ms Sitharaman announced that no visa fees will be charged from first 5 lakh tourists or till 31st March, 2022 whichever is earlier. Around 10.93 million foreign tourists visited India in 2019 and spent $ 30.098 billion on leisure and business.

Average daily stay for a foreign tourist in India is 21 days. Average daily spending of a tourist in India is around $34, Finance Minister’s presentation added.

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Latest News Today – 2.22 Lakh New Covid Cases In India, 4,454 deaths; 2.67

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2.22 Lakh New Covid Cases In India, 4,454 Deaths; 2.67 Crore Total Cases: 10 Points

India has recorded 3,03,720 deaths linked to Covid so far.

New Delhi:
India saw an addition of 2.22 lakh fresh Covid infections to its active caseload, taking the overall case count to 2.67 crore. In the last 24 hours, 4,454 people died, taking the total number of deaths to 3,03,720.

Here is your ten-point cheat sheet on this big story:

  1. Hit by second wave, India has become the third country after Brazil and the United States to record over 3 lakh deaths linked to Covid since the pandemic broke. Over 90,000 deaths and nearly 80 lakh cases have been reported this month so far.

  2. A top virologist, Dr Gagandeep Kang, said on Sunday that India delayed the process of bulk-buying vaccines unlike several other nations and may now have few options available in the international market. “The rest of the world has been buying vaccines at risk for a year, so what’s the supply that is available in the market for us to go now and say we want to buy vaccines?” she told NDTV.

  3. Over 19.6 crore doses of vaccines have been administered so far, the government has said. However, Delhi and several other states have said they are running low on stocks. Opposition leaders have been attacking the government over the issue.

  4. Delhi, Haryana, Rajasthan are among the states that have again extended the lockdown to break the chain of transmission. A stricter lockdown begins in Tamil Nadu from today.

  5. In the last 24 hours, Tamil Nadu saw 35,483 fresh Covid cases. Maharashtra recorded 26,672 cases, Karnataka reported 25,979 infections, Kerala logged 25,820 infections and Andhra Pradesh reported 18,767 cases. These five states and Uttar Pradesh have logged the highest overall cases so far.

  6. Chief of Defence Staff General Bipin Rawat on Sunday said the Army is ready to extend help to the people of India in tackling the COVID-19 pandemic, news agency PTI reported.

  7. India’s second wave has overwhelmed not just hospitals with patients, it has also led to a severe shortage of oxygen and critical drugs. Harrowing images of long queues for funerals and makeshift pyres have also emerged from crematoriums and cemeteries.

  8. Black Fungus or Mucormycosis in Covid patients has emerged as a big concern in India’s fight against coronavirus.

  9. “Bleeding and clotting cases following #COVID19 vaccination in India are miniscule and in line with the expected number of diagnoses of these conditions,” the Health Ministry has said.

  10. India’s average positivity rate stood at 11.53 per cent. The government on Sunday said over 20 lakh samples were tested for the previous five days.

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Latest News Today – 2.4 lakh fresh Covid cases in India, 3,741 deaths; 2.65

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Coronavirus: 2.4 lakh fresh Covid cases in India, 3,741 deaths; 2.65 crore total cases, 2.99 lakh deaths so far

India’s total death count due to Covid is nearing the three lakh mark.

New Delhi:

With 2,40,842 new Covid cases, India’s overall case count surged to 2,65,30,132 this morning. The country’s total Covid death count is nearing the 3 lakh-mark; 3,741 deaths were reported in the last 24 hours.

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Latest News Today – India’s Fresh COVID-19 Cases Fall Below 3 Lakh For First

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India's Daily Covid Cases Fall Below 3 Lakh, First Since April 21: 10 Points

Covid-19 Updates: India has recorded over 2.7 lakh deaths so far.

New Delhi:
India’s daily Covid cases dropped below the 3 lakh-mark for the first time since April 21 with 2.81 lakh fresh infections reported in the last 24 hours. 4,106 Covid patients have died since yesterday.

Here is your ten-point cheat sheet on this big story:

  1. The country has been recording more than 3,000 deaths every day due to Covid since April 28. More than 2.7 lakh people have died so far. The positivity rate this morning stood at 17.88 per cent. 

  2. While vaccine shortage has dampened the world’s biggest inoculation drive, launched in January, Health Minister Harsh Vardhan on Sunday said that over 51 lakh doses of vaccines will be received by the states and union territories in the next three days.

  3. Many nations have been sending medical supplies after India’s healthcare system was burdened by the second Covid wave that led to a deluge of distress messages. “11,058 oxygen concentrators; 13,496 oxygen cylinders; 19 oxygen generation plants; 7,365 ventilators, 5.3L Remdesivir vials” have been transported or delivered to states between April 27 and May 15, the government has said. 

  4. An anti-coronavirus drug developed by Defence Research and Development Organisation (DRDO) – called 2-deoxy-D-glucose or 2-DG – will be launched today, with Union Defence Minister Rajnath Singh distributing around 10,000 doses to some hospitals in the national capital.

  5. Delhi, Punjab, Haryana and Uttar Pradesh have extended curbs to check Covid spread over the weekend. While Delhi is witnessing a recovery after reporting over 25,000 daily cases earlier this month, Punjab says it’s still awaiting a drop in the cases.

  6. The government has shared new SOPs to tackle the spread in rural parts, which have been hit hard by the second wave of Covid. Village-level surveillance, tele-consultation with community health officers, and training in rapid antigen testing are among the several areas of focus.

  7. Bharat Biotech, whose Covaxin is one of the three vaccines cleared for emergency use, on Sunday said its vaccine is effective against B.1.167 strain of Covid detected in India and the UK variant of the virus B.1.1.7.

  8. Even as the recommended gap between two doses of the Serum Institute of India’s Covishield has been increased, those who have already got slots on CoWin won’t be inconvenienced, the centre said on Sunday.

  9. After visuals of dead bodies floating in River Ganga of suspected Covid patients triggered shock and anger in Bihar and Uttar Pradesh, police units in different districts across UP have stepped up patrolling by the banks. The centre has told states to prevent dumping of bodies.

  10. Prime Minister Narendra Modi on Sunday dialled up chief ministers of Uttar Pradesh, Chhattisgarh, Rajasthan and Puducherry to discuss Covid situation with them.

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