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GST collections hit five-month high, Govt says shows economy recovering

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GST collections hit five-month high, Govt says shows economy recovering

GST revenue in August increased by 29.6% year-on-year-in August 2020 it was 864.49 billion rupees, and then increased to 9548 billion rupees in September 2020. According to the latest data, it rose to a five-month high of 117.01 billion rupees in August, a year-on-year increase of 22.5%.

Although the revenue growth rate has slowed down from the previous month due to the weakening of the low base effect last year, the average monthly consumption tax in the second quarter of this year (11.5 billion rupees) has increased by 5% trillion U.S. dollars from the first quarter (1.10 rupees)) .

In addition, due to the rebound in economic activity and the increased compliance of suppliers from large companies, monthly payments continued to improve. Due to holiday reasons, this situation is expected to improve. It is worth noting that most major manufacturing states, including Karnataka, Maharashtra and Tamil Nadu, reported an increase of more than 20% compared to last year.

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“This clearly shows that the economy is recovering rapidly. Coupled with economic growth, anti-tax evasion activities, especially actions to combat false bills, have also contributed to the increase in consumption tax collection. It is expected that the positive trend of income will continue, and income will increase in the second half of the year.

“The Ministry of Finance said in a statement. GST revenue in August increased by 29.6% year-on-year-in August 2020 it was 86,449 crore, and then increased to 95,480 crore in September 2020. In September 2020, GST revenue increased by 4%. As of September 2019, it was $91,916 trillion. However, the overall revenue growth under the goods and services tax is worrying, especially after the statutory compensation for insufficient income caused by the implementation of the goods and services tax in the states will end in June 2022. The Ministry of Finance recently established two ministerial-level groups as the first step in the first structural reform since its launch in July 2017. According to the order dated September 24, the “review” of the current board structure has been included in the panel’s terms of reference (ToR).

News Source : The Indian Express

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DTC to start electric buses from 3 Delhi ISBTs to Noida airport by May end

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DTC to start electric buses from 3 Delhi ISBTs to Noida airport by May end

The buses will start and currently serve Greater Noida and Jewar, even though the airport is probably not going to be operational by May By the end of May, the Delhi Transport Corporation (DTC) plans to begin operating electric buses from the Capital to the soon-to-be Noida International Airport (NIA) in Jewar, according to officials. The buses will begin at.

Delhi’s three Inter State Bus Terminals (ISBTs) — Maharana Pratap ISBT at Kashmere Gate, Swami Vivekanand ISBT at Anand Vihar, and Veer Hakikat Rai ISBT at Sarai Kale Khan — and currently serve Greater Noida and Jewar, even though the airport is probably not going to meet the May deadline to be operational The Delhi Transport Corporation (DTC) is set to launch.

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Electric bus services connecting Delhi’s Inter-State Bus Terminals (ISBTs) to the upcoming Noida International Airport (NIA) in Jewar by the end of May 2025. This initiative aims to enhance connectivity between the national capital and the new airport, providing a March 2025, DTC and NIA signed operate thesesustainable and efficient mode transportation for.

Key Features of the Service

  • Routes and Terminals: The electric buses will operate from three major ISBTs in Delhi: Maharana Pratap ISBT at Kashmere Gate, Swami Vivekanand ISBT at Anand Vihar, and Veer Hakikat Rai ISBT at Sarai Kale Khan. Initially, these buses will serve areas in Greater Noida and Jewar, catering to the March 2025, DTC and NIA signed an MoU to operate these demand for public transport in these regions.
  • Memorandum of Understanding (MoU): In March 2025, DTC and NIA signed an MoU to operate these bus services, formalizing the collaboration between the two entities The fleet will consist of air-conditioned, low-floor electric buses equipped with modern amenities, including GPS tracking, CCTV cameras, panic buttons, and broad aisle spaces to accommodate luggage. These features aim to ensure.
  • Commuters passenger safety and comfort during transit While the exact fare amounts are yet to be finalized, discussions are ongoing in consultation with the Yamuna Expressway Industrial Development Authority (Yeida), which manages the Jewar area. The authorities aim to establish a cost-effective fare structure for commuters The bus services will initially be deployed on a pilot basis. Depending demand.

Additional Considerations

  • Infrastructure Development: A four-kilometer stretch of road that will be part of the bus route is not fully developed yet. DTC has reached out to Yeida to ascertain the usability and development timeline of this segment to ensure seamless operations. and passenger feedback, routes may be adjusted, and the number of buses increased to better serve commuters this, the bus services will begin as scheduled.
  • Airport Operational Timeline: Although the NIA was expected to commence operations by mid-May 2025, it is likely to miss this deadline due to ongoing construction work. Despite this, the bus services will begin as scheduled, providing connectivity to the surrounding areas in the interim providing connectivity to the surrounding areas in the interi This initiative reflects DTC’s commitment to.
  • Enhancing public transportation infrastructure and promoting eco-friendly travel options in the National Capital Region. By introducing electric buses on this route, the corporation aims to offer a reliable and sustainable alternative for commuters traveling between Delhi and the upcoming Noida International The Delhi Transport Corporation (DTC) is set to commence electric bus services.
  • connecting Delhi’s Inter-State Bus Terminals (ISBTs) to the upcoming Noida International Airport (NIA) in Jewar by the end of May 2025. This initiative aims to provide eco-friendly and convenient transportation options for commuters traveling between Delhi and the new airport NIA was expected to commence.
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