PUNJAB
Despite Covid restrictions, GST collection goes up in Punjab
Despite the second wave of Covid-19 and strict lockdown restrictions, the business community of Punjab has shown resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner in June 2021. Resultantly, the GST revenue collected during the month stood at Rs 1,087 crore which was Rs 869.66 crore in June last year.
Implementation of measures like QRMP to ease the compliance burden of taxpayers, closer monitoring of bogus billing, rigorous enforcement, advanced data analytics using data from multiple sources and effective tax administration had also contributed to the steady increase in tax revenue.
The VAT and CST revenue during June 2021 stood at Rs 699.27 crore and Rs 20.96 crore, respectively, thus registering an increase of 42.37 per cent and 104.90 per cent, respectively, than the collection made in the month of June 2020. The VAT and CST revenue up to June 2021 (Q-1 of 2021-22) is 106.73 per cent and 178.56 per cent higher than the corresponding period of the previous year, respectively.
Notably, the GST compensation pending with Government of India in respect of Punjab up to June 30, 2021, has risen to Rs 8,495 crore.
INTERNATIONAL
The World Drug Report 2021 – UNODC
In its World Drug Report 2021, the United Nations Office on Drugs and Crime (UNODC) stated that the lockdown restrictions imposed during Covid-19 accelerated drug trafficking via the Internet.
Highlights:
The number of people using drugs increased by 22% between 2010 and 2019, owing in part to an increase in the global population.
Approximately 275 million people used drugs globally last year, with over 36 million suffering from drug use disorders.
Opioids continue to bear the greatest burden of disease associated with drug use.
During the coronavirus pandemic, there was also an increase in the non-medical use of pharmaceutical drugs.
NATIONAL
Micro, Small and Medium-sized Enterprises Day – 27th June
The United Nations Micro, Small and Medium-sized Enterprises Day is held on June 27, considering 2017, to rejoice the work of MSME in nearby and global economies and their contribution to sustainable development. The day additionally recognises the contribution of these industries in the implementation of the Sustainable Development Goals (SDGs).
In 2021, the theme is “MSME 2021: a key to an inclusive and sustainable recovery.” That is why the UN will be internet hosting a sequence of activities to discover how Micro, Small, Medium Enterprises – the backbone of our economies – can be outfitted to make certain an equitable and sustainable post-COVID-19 recovery.
National Statistics Day – 29th June
The government of India celebrated National Statistics day on the twenty-ninth of June on the delivery anniversary of Prof. P C Mahalanobis. The Day is celebrated to create focus among early life about statistics in socio-economic planning and policy formulation. The Day to popularize the use of Statistics in everyday life and sensitize the public about how Statistics helps shape and frame policies.
End Hunger, Achieve Food Security & Improved Nutrition and Promote Sustainable Agriculture (Sustainable Development Goal or SDG 2 of the UN) is the theme of this year’s National Statistics Day.
Professor Prasanta Chandra Mahalanobis is known as the father of Indian Statistics. He used to be born on 29 June 1893, an Indian statistician and scientist. He devised a measure of evaluation between two statistics sets that are now known as the Mahalanobis distance.
He was once a member of the planning commission(1956-61), and he gave a two-sector Input-output model for the Second Five Year Plan, which later grew to become regarded as the Nehru-Mahalanobis model. He founded Indian Statistical Institute (ISI) in December 1931 in Kolkata. Those are Padma Vibhushan (1968), Weldon Memorial Prize from the University of Oxford (1944), Fellow of the Royal Society, London(1945).
Implementation Strategy of BharatNet Project
The BharatNet Project’s implementation strategy has been revised.
The Cabinet approved the revised BharatNet implementation strategy through Public Private Partnership mode in 16 states across the country.
The programme will be expanded to include all inhabited villages outside of Gram Panchayats (GPs)
The revised strategy also includes the creation, upgrade, operation, maintenance, and utilisation of BharatNet by the concessionaire, who will be chosen through a competitive international bidding process.
The Cabinet has given in-principle approval to cover all inhabited villages in the remaining states/UTs of the country. The Department of Telecommunications will work out the details separately.
Saral Sanchar Portal – DoT
The Saral Sanchar Portal has been expanded by the Department of Telecommunications (DoT).
‘SARAL SANCHAR’ (Simplified Application For Registration and Licenses) is a web-based portal for issuing various licences and registration certificates.
It is part of the Department of Telecommunications, Ministry of Communications, Government of India’s various digital initiatives.
The portal ensures greater transparency and efficiency in the issuance of licences and registration certificates.
The portal assumes that applicants will receive prompts and alerts at all stages of application submission so that all necessary requirements can be met before the application is submitted.
The Ganga River Basin Glacial Lake Atlas has been Published
Due to growing concerns about the impact of climate change on Himalayan glaciers, the Ministry of Jal Shakti has released an updated Atlas of Glacier Lakes, which are part of the Ganges River Basin.
In the Ganga basin, approximately 4,707 glacial lakes have been mapped.
A similar exercise was carried out for the Indus River basin in December 2020.
The current study used Resourcesat-2 (RS-2) Linear Imaging Self Scanning Sensor-IV (LISS-IV) satellite data to map glacial lakes with a water spread area greater than 0.25 ha.
Glacial lakes are classified into nine types, which are further divided into four categories based on the process of lake formation, location, and type of damming material.
The mapped area extends from the Ganga River’s orgin to the Himalayan foothills, covering a catchment area of 2,47,109 square kilometres.
The study of the Ganges River Basin partially covers India and a part of the transboundary area.
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