For the fifth straight month, the gross GST revenue has seen an increase in its collection as compared to the same time last year. In the month of July 2022, the government collected Rs 1,48,995 crore, of which CGST was Rs 25,751 crore, SGST was Rs 32,807 crore, IGST was Rs 79,518 crore (including Rs 41,420 crore collected on import of goods) and cess was Rs 10,920 crore (including Rs 995 crore collected on import of goods). This is the second highest revenue since the introduction of GST, according to the Ministry of Finance.
«The government has settled Rs 32,365 crore with CGST and Rs 26,774 crore with SGST from IGST. The total revenue of the Centre and the States in the month of July 2022 after regular settlement is Rs 58,116 crore for CGST and Rs 59,581 crore for SGST,» press release of the Ministry of Finance stated.
The revenues for the month of July 2022 are 28% higher than the GST revenues for the same month last year of Rs 1,16,393 crore. During the month, revenues from the import of goods were 48% higher and the revenues from domestic transactions (including the import of services) were 22% higher than the revenues from these sources during the same month last year.
For five months in a row now, the monthly GST revenues have been more than Rs 1.4 lakh core, showing a steady increase every month. The growth in GST revenue till July 2022 over the same period last year is 35% and displays very high buoyancy. This is a clear impact of various measures taken by the Council in the past to ensure better compliance. Better reporting, coupled with economic recovery, has been having a positive impact on GST revenues on a consistent basis. During the month of June 2022, 7.45 crore e-way bills were generated, which was marginally higher than the Rs 7.36 crore in May 2022.
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Congress Slams CM Bommai, calls out the commercial for not including Nehru
The Karnataka government’s newspaper advertisement in which Pandit Jawaharlal Nehru’s photo was left off of the list of freedom warriors has sparked yet another controversy. The chief minister of Karnataka, BS Bommai, insulted his father, SR Bommai, and his father’s first political mentor, MN Roy, both of whom were ardent Nehru supporters, according to Congress general secretary Jairam Ramesh.
Jairam Ramesh remarked, “CM Karnataka is desperately trying to keep his job.”
The leader of the Congress, BM Sandeep, referred to Bommai as a “puppet CM” and claimed that Nehru was a major figure in India in the middle of the 20th century.
The commercial in question honours both Indian freedom heroes and those who were from Karnataka. It honours Maulana Abul Kalam Azad, Chandrashekhar Azad, Savarkar, Lala Lajpat Rai, Bal Gangadhar Tilak, and Vallabhbhai Patel Bhagat Singh, in addition to Mahatma Gandhi, Netaji, and Vallabhbhai Patel Bhagat Singh.
This intensified the tense argument between the BJP and the Congress on Har Ghar Tiranga. The Congress questioned the RSS’s decision to wait till Friday to change its social media profile pictures to the national flag, and BJP leader Tejasvi Surya promised to set up history lessons for anyone who questions the RSS’s role.
The Congress claimed that the 75th anniversary of Independence had been reduced to “glorifying the sarvagyaani” and questioned why no special event had been arranged in Parliament to commemorate the occasion. In response, the BJP questioned why the Congress had not published a photo of its leaders raising the flag.
President Droupadi Murmu to deliver maiden address to nation
President Droupadi Murmu is about to give her first address to the nation. Murmu will address the nation on Sunday on the eve of Independence Day.
Meanwhile, Rashtrapati Bhavan said that the President’s address will be telecast on all national networks of All India Radio and all channels of Doordarshan from 7 pm onwards.
Moreover, the statement reads, “President Murmu’s address will also be telecast in regional languages on Doordarshan’s regional networks. All India Radio will also broadcast the regional language versions of the President’s address to the nation through its language service centers across India. All India Radio will telecast it in the regional language at 9.30 pm on their respective regional networks.”
However, on 15 August, Prime Minister Narendra Modi’s address will also be live-streamed by PIB (Press Information Bureau) on its various social media channels.
Author Salman Rushdie taken off ventilator; accused Matar pleaded ‘not guilty’
Renowned author Salman Rushdie was taken off a ventilator on Friday and will be able to talk. Rushdie was attacked by a man with a knife on Friday at an event in New York, USA.
According to the Washington Post, Rushdie’s agent Andrew Wyllie said Rushdie was taken off a ventilator and could be able to talk.
Earlier, Hadi Matar who stabbed the author Rushdie pleaded not guilty to attempted murder in the second degree. On Saturday, Matar was remanded without bail at Chautauqua County Jail.
According to the New York State Police, “On August 12, 2022, the Bureau of Criminal Investigation arrested Hadi Matar 24 of Fairview, NJ for Attempted Murder 2nd degree (B Felony) and Assault 2nd degree. Matar was processed at SP Jamestown and transported to Chautaugua Country Jail. Matar was arraigned in centralized arraignment on August 13, 2022, and was remanded without bail at Chautaugua Country Jail.”
Earlier, New York State Police identified the suspect as Hadi Matar. Matar hail from Fairview, New Jersey, and is 24 years old.
“Earlier today, approx at 10:47 am, the speaker Rushdie, 75, and Henry Reese, 73 has just arrived at the stage of the institution and shortly thereafter the suspect jumped out of the stage and attacked at least once in the neck and at least once in the abdomen,” Major Eugene J. Staniszewski said.
Meanwhile, the White House on Saturday also called the attack on Salman Rushdie “reprehensible”. President Joe Biden and Vice President Kamala Harris wished the renowned author a speedy recovery.
Moreover, UK PM Boris Johnson said, “Appalled that Sir Salman Rushdie has been stabbed while exercising a right we should never cease to defend. Right now my thoughts are with his loved ones. We are all hoping he is okay.”
Salman Rushdie was born in 1974 in Mumbai and is 75 years old. He has a long history of controversies. After writing The Satanic Verses, he received death threats from Islamic extremists for several years.
India observes Partion Horrors Remembrance Day, recollects the agony
Prime Minister Narendra Modi paid tribute to those who lost their lives in the communal riots that occurred during the country’s partition as India observed Partition Horrors Remembrance Day. He also praised the resilience and tenacity displayed by individuals who were affected by the partition.
The PM tweeted, “Today, on #PartitionHorrorsRemembranceDay, I pay homage to all those who lost their lives during Partition , and applaud the resilience as well as grit of all those who suffered during that tragic period of our history.”
In his Independence Day speech from the previous year, Prime Minister Modi proclaimed that August 14 would be remembered as “Partition Horrors Remembrance Day.”
Himanta Biswa Sarma, the chief minister of Assam, also spoke of the agony that occurred during the partition because Pakistan’s creation led to the displacement of hundreds of thousands of people. Sarma referred to the partition as one of the “darkest events in Indian history” and claimed that it had delivered a severe blow to “Akhand Bharat,” or undivided India.
Taking to the microblogging site, he wrote, “One of the darkest moments in Indian history, Partition wreaked havoc upon millions of countrymen & dealt mighty blow to Akhand Bharat. On #PartitionHorrorsRemembranceDay, I recall the sufferings of people resulting from evil machinations of British Raj & newly-formed Pakistan.”
Yogi Adityanath, the chief minister of Uttar Pradesh, also paid tribute to those who died as a result of the partition and sent his sorrow to their families.
“Lakhs of innocent civilians lost their lives and crores of citizens suffered inhuman suffering during the sad Partition of India due to the destructive religious mindset,” he tweeted.
PM Modi leads homage to Jhunjhunwala
Rakesh Jhunjhunwala received homage from all corners of the nation, led by Prime Minister Narendra Modi. The billionaire investor passed away at age 62 in Mumbai.
PM Modi said, “Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world.”
Taking to Twitter, the PM said, “He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti. (sic).”
Shiv Sena MP Priyanka Chaturvedi was one of many leaders who tweeted condolences to the veteran MP. “Saddened to hear about Shri Rakesh Jhunjhunwala’s demise, just days after he established his low-cost airline, Akasa Airline.”
She wrote, “He was not just bullish about the stock market but also about the nation. My heartfelt condolences to his family, friends, and colleagues.”
Rakesh Jhunjhunwala passes away at 62
Rakesh Jhunjhunwala, ace business investor, passed away at the age of 62. He was often referred to as ‘The Big Bull of Dalal Street’ for his unique investing pattern. His distinctive approach made him count amongst the top business investors in India.
Jhunjhunwala was an active investor in addition to serving on the boards of directors of Prime Focus Limited, Geojit Financial Services, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited, and Tops Security Limited. He was also the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd.
Jhunjhunwala, who was born on July 5, 1960, was raised in Bombay by Rajasthani parents while his father served as an income tax commissioner. After completing his studies at Sydenham College, he applied to the Institute of Chartered Accountants of India.
He was the 36th richest Indian with a net worth of $5.5 billion and also had the title of Warren Buffet of India. Jhunjhunwala was listed among the top 500 wealthiest billionaires in Forbes’ Real-time Billionaires Index.
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