Focus academy of competitive exams

31/01/2022

The gross GST revenue collected in the month of January, 2022 is one lakh 38 thousand 394 crore rupees.

Of which CGST is 24 thousand 674 crore rupees, SGST is over 32 thousand crore rupees, IGST is over 72 thousand crore rupees and cess is nine thousand 674 crore rupees.

Finance Ministry said, the highest monthly GST collection has been one lakh 39 thousand 708 crore rupees in the month of April 2021.

The revenues for the month of January this year is 15 per cent higher than the GST revenues in the same month last year.

The Ministry said, this is for the fourth time GST collection has crossed one lakh 30 thousand crore rupees mark. It said, the improvement in revenue has also been due to various rate rationalization measures undertaken by the Council to correct inverted duty structure.

The Ministry has expected that the positive trend in the revenues will continue in the coming months as well.

22/01/2022

19/12/2021

India successfully test fired DRDO developed new generation ballistic missile ‘Agni P’, from Dr APJ Abdul Kalam island off the coast of Odisha, today.

Agni P is a two-stage canisterised solid propellant ballistic missile with dual redundant navigation and guidance system.

This second flight-test has proven the reliable performance of all the advanced technologies integrated into the system.

11/12/2021

Indian economy projected to grow at 9.5% in FY 2021-22

CPI Inflation projected at 5.3% for FY 2021-22

- Reserve Bank of India


Read more: https://pib.gov.in/PressReleasePage.aspx?PRID=1779200

01/11/2021

28/10/2021

Finance Ministry has released 44 thousand crore rupees today to the States and Union Territories with Legislature under the back-to-back loan facility in lieu of GST Compensation.

After taking into account earlier release of one lakh 15 thousand crore rupees, the total amount released in the current financial year is one lakh 59 thousand crore rupees. The Ministry said, this release is in addition to normal GST compensation being released every two months out of actual cess collection.

Subsequent to the 43rd GST Council Meeting held on 28th May this year, it was decided that the Central Government will borrow one lakh 59 thousand crore rupees and release it to States and UTs to meet the resource gap due to the short release of Compensation on account of inadequate amount in the Compensation Fund.

The Ministry said, all eligible States and UTs have agreed to the arrangements of funding of the compensation shortfall under the back-to-back loan facility.

15/10/2021

10/10/2021

🇮🇳India finishes at the top of the table at the ISSF Junior World Championship with 30 medals.
The United States finished #2 with 6 gold, 8 silver and 6 bronze, whereas Italy is at #3 with 3 gold, 3 silver and 4 bronze

However, there is only one day remaining of the competition.
Congratulations to all the athletes, You all have made the entire nation proud