News on Indian Economy
The gross GST revenue collected in the month of December 2020 is ₹ 1,15,174 crore of which CGST is ₹ 21,365 crore, SGST is ₹ 27,804 crore, IGST is ₹ 57,426 crore (including ₹ 27,050 crore collected on import of goods) and Cess is ₹ 8,579 crore (including ₹ 971 crore collected on import of goods). The total number of GSTR-3B Returns filed for the month of November up to 31st December 2020 is 87 lakhs.
al Jeevan Mission provide 3 Crore tap water connections since August, 2019. Further, 26 districts, 457 Blocks, 34,919 Panchayats and 65,627 villages have become ‘Har Ghar Jal’ meaning every family living in these rural areas is getting assured tap water supply in their homes and ‘no one is left behind’. Goa has become the first State in the country to provide 100% FHTCs and became ‘Har Ghar Jal’ State.
Earth System Science deals with the Earth system’s five components—Atmosphere, Hydrosphere, Cryosphere, Lithosphere, and Biosphere, and their complex interactions. The Ministry of Earth Sciences (MoES) holistically addresses all the aspects relating the Earth System Science for providing weather, climate, ocean, coastal state, hydrological and seismological services.
According to an official data, “In April- October 2020, the FDI equity Inflow increased by to 21% i.e. (US$ 35.33 billion). In 2019, FDI equity inflow stood at (US$ 29.31 billion) and in the last seven month, it witnessed 11% increase i.e. (US$ 46.82 billion) from (US$ 42.06 billion) in April- October 2019.
The average cost of ventilators in India in February-March, 2020 was approximately Rs. 15 lakh and nearly all were imported. Due to the Indian industry taking up manufacturing of ventilators, the average cost now ranges between Rs. 2 to Rs.10 lakhs.
Following the vision of ‘Digital India’ of Hon’ble Prime Minister, Shri Narendra Modi, Indian Railways has revamped & upgraded its e-ticketing website www.irctc.co.in and IRCTC Rail Connect Mobile App, which are used for booking of Railway tickets ‘online’.
In a bid to promote Moringa (botanical name Moringa oleifera) products exports from India, APEDA has been supporting private entities in creating necessary infrastructure.Two tonne of organic certified Moringa powder were sent to the United States through air consignment on 29th December, 2020. The event was flagged off by Dr. M. Angamuthu Chairman, APEDA, Ministry of Commerce & Industry, Govt. of India.
On Wednesday, FIEO, said, “The country’s exports industry may meet target of US$ 290 billion by the end of FY2021.”
The Northeast Frontier Railways (NFR), which operates trains and executes projects partially in Bihar and West Bengal besides the northeastern states, will link India with Bangladesh and Nepal via rail in the next nine months.
Union Minister Shri Hardeep S Puri has said that the Government has not only implemented the recommendations of the Swaminathan Committee to increase MSP to 1.5 times of the cost of production but it increased MSP in the range of 40-70% in case of all crops and expenditure of procurement at MSP increased by 85% in 2014-19 from 2009-14.
