Business

NEW DELHI: The gross GST revenue collected in the month of July 2021 is Rs 1,16,393 crore of which CGST is Rs 22,197 crore, SGST is Rs 28,541 crore, IGST is Rs 57,864 crore (including Rs 27,900 crore collected on import of goods) and Cess is Rs 7,790 crore (including Rs 815 crore collected on import of goods).The above figure includes GST collection received from GSTR-3B returns filed between 1st July 2021 to 31st July2021 as well as IGST and cess collected from imports for the same period. The GST collection for the returns filed between 1st July to 5th July2021 of Rs 4,937 crore had also been included in the GST collectionin the press note for the month of June2021since taxpayers were given various relief measures in the form of waiver/reduction in interest on delayed return filing for 1...

Warns of strict action against encroachment of Nursery land SRINAGAR: On the instructions of Divisional Commissioner Kashmir, the Director General (DG), Horticulture Kashmir, Ajaz Ahmad Bhat today conducted an extensive tour of Sub-Division Tral of district Pulwama. During the tour, the DG visited Fruit Plant Nursery Tral and assessed the illegal encroachment of Nursery land by the locals. He issued on spot instructions for demarcation of nursery land along with revenue authorities so as the government land can be retrieved back. The DG warned that strict action will be taken against the illegal encroachers shortly. On the occasion, Bhat also took review of the developmental works of the nursery. He then paid visit to green houses and nursery area and reviewed different cultural operations...

NEW Delhi: Deepak Das took charge as the new Controller General of Accounts here today. Deepak Das is the 25th officer to hold the position of Controller General of Accounts (CGA). Deepak Das, a 1986-batch Indian Civil Accounts Service (ICAS) officer, is appointed by the Government of India as the Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance, with effect from August 1, 2021. During his 35 years long career, Das has held important positions at different levels in Ministries such as Science & Technology, Environment & Forest, Department for Promotion of Industry and Internal Trade & Heavy Industries, Commerce & Textile, Agriculture & Farmers Welfare, Road Transport, Highways, Shipping, Home Affairs and Central Board of Indirect Taxe...

New Delhi: India’s fuel demand picked up in July as easing of pandemic-related restrictions accelerated economic activity, helping petrol consumption reach pre-Covid levels, preliminary sales data showed on Sunday. State-owned fuel retailers sold 2.37 million tonnes of petrol in July, up 17 per cent from the year earlier period. It was 3.56 per cent higher than pre-Covid petrol sales of 2.39 million tonnes in July 2019. Sales of diesel – the most used fuel in the country – rose 12.36 per cent to 5.45 million tonnes over the previous year, but was down 10.9 per cent from July 2019. This is the second straight month that showed a rise in consumption since March. Fuel demand had recovered to near-normal levels in March before the onset of the second wave of COVID-19 infections led to the re-i...

Kolkata: LIC Housing Finance Ltd is still awaiting for clearances from the stock exchanges before it could go ahead with the Rs 2,334 crore preferential issue to its parent Life Insurance Corporation even though capital market regulator SEBI had not raised any query and the mortgage lender denied approaching the Securities Appellate Tribunal (SAT) in this regard, LIC HFL sources said. BSE and NSE sought clarifications on why the valuation report of a registered value had not been considered while determining the price of such shares on allotment to LIC. “Only the stock exchanges had raised queries and we have responded and are waiting for their feedback. The bourses had asked us not to release the voting results on this agenda which we have abided by. There is no query from SEBI so far and...

Hi-tech stigma separation, grading, quality analysis, packing, e-auction marketing , G.I. under one roof: Director Agriculture Kashmir PAMPORE: Keeping in view the upcoming saffron season and for providing quality facilities to the saffron growers , Director, Agriculture Production & Farmer’s Welfare Department Chowdhary Mohammad Iqbal today held a joint meeting of officers of the Department, Saffron Growers and representatives of Saffron Growers Association at India International Kashmir Saffron Trade Centre at Dussu Pampore. Director said the facilities which will be provided to the saffron growers include hi-tech stigma separation, grading, quality analysis, packing, e-auction marketing and above all G.I. authenticity from IIKSTC. The meeting was attended by Joint Director Agricultu...

GANDERBAL: The District Development Commissioner (DDC) Ganderbal, Krittika Jyotsna today chaired a meeting of District and Sectoral Officers to review the progress under District Capex Budget and Back to village program (B2V) at Mini Secretariat here. The meeting discussed detailed proposals under the District Capex Plan 2021-22 including physical status of projects targeted for completion in the current fiscal, besides progress of works approved under B2V program. It was informed in the meeting that against the approved plan 50 percent fund authorization has been received from the Finance Department for which the DDC directed the funds shall be released to the concerned departments in a time bound manner as per the guidelines of the Finance Department. The DDC sought details about the app...

Stresses on increasing the CA Store capacity to avoid distress sale of crop SRINAGAR: The Director General (DG), Horticulture Kashmir, Ajaz Ahmad Bhat today conducted an extensive tour of South Kashmir. During the tour, the DG visited various CA Stores established in the area with Government support. Speaking on the occasion, he highlighted the scope of post-harvest management and stressed on increasing the CA Store capacity, so as to avoid any distress sale of fruit crops. Later, the DG visited various High Density orchards at Gogloora and interacted with young entrepreneurs. He appreciated their hard work, and said that the same would serve as an inspiration to others. He further said that the Department is committed to bring more area under High Density plantation, for which the Governm...

JAMMU: With a view to imbibe best practices of hospitality industry among the staff of Hospitality & Protocol department, a series of in-house capacity building programmes are being organized at Jammu. Commissioner Secretary, Hospitality and Protocol, Talat Parvez Rohella, who is monitoring the training programme, appreciated the innovative programme and spoke about the significance of human element in service especially in Hospitality and Protocol with its clients being the VVIPS of national stature. Commissioner Secretary exhorted upon the officials of the department to expand the existing facilities being provided to the guests by ensuring availability of information about local places of interest, ticket booking facilities, transport facilities, helpline numbers of district adminis...

New Delhi: Karnataka Chief Minister Basavaraj Bommai on Saturday said the Centre has agreed to give last year’s pending GST compensation of Rs 11,400 crore at the earliest in instalments. His statement came after meeting Union Finance Minister Nirmal Sitharaman in the national capital. He said the funds are required urgently to meet the Covid-19 and other expenses in the state. “I have requested for payment of last year dues in GST compensation of Rs 11,400 crore. The FM has agreed to give it in instalments. She will start releasing it immediately,” Bommai told reporters after the meeting. Bommai, who is also a member of the GST Council, said the state had received a GST compensation of Rs 12,000 crore for the 2020-21 fiscal. However, the pending amount was Rs 11,400 crore, he said. The ch...