Gujarat Affairs
Income tax collection in Gujarat rose to Rs 41,000 crore, up 13% in FY 2022-23
The (I-T) collection in the financial year (FY) 2022-23 rose by 13% compared to FY 2021-22, indicated the income tax department data. The collection rose from Rs 36,800 crore to Rs 41,700 crore.
The amount included Rs 24,800 crore in tax deducted at source (TDS), Rs 17,300 crore in advance tax, Rs 7,800 crore in self-assessment and Rs 1,000 crore in regular assessment. The income tax payers also received Rs 10,000 crore in refunds, nearly double from Rs 5,100 crore in FY 2021-22.
The income taxpayers contributed to half of the Rs 82,900 crore directtax collectionfromGujarat, indicated data. The other half came from the Corporate tax.
The rise is seen as the impact of Covid pandemic receding and corporate entities and individuals finding their feet again.
Recently, CBDT figures for direct collection for financial year 2023-24 showed collection of Rs 3.79 lakh crore till June 17 for India compared to Rs 3.41 lakh crore in FY 2022-23, showing an increase of 11%. The gross collection rose by 13% from Rs 3.71 lakh crore to Rs 4.19 lakh crore for the same period. The figures included corporation tax, and personal income tax.
National and International Affairs
Centre allocates 145 crore to Nagaland for Unity Mall in Dimapur
The Central government allocated 145 crore to Nagaland for the construction of a Unity Mall in Dimapur, aimed at promoting and showcasing the states One District One Product (ODOP) offerings, the ministry of commerce & said.
The allocation is part of the Union Budget 2023-24, which has earmarked 5,000 crore for the establishment of Unity Malls across the country.
The announcement was made during an ODOP Sampark event organized by the Department for the Promotion of Industry and Internal Trade (DPIIT) in collaboration with Invest India and the Department of Industries and Commerce, Nagaland. The event aimed to raise awareness about the ODOP and PM Gati Shakti initiatives, focusing on promoting local industries and improving Logistics.
The DPIIT Invest officials highlighted the initiatives undertaken under the ODOP program to empower Indian products, including design sensitization workshops, ODOP GeM Bazaar on the Government e-Marketplace, and ODOP exhibitions.
Construction of world’s largest Ramayan Temple to be complete by 2025 in Bihar
The construction of the three-storeyed Viraat Ramayan temple will be completed by the end of 2025 at an estimated cost of 500 crore. The temple will be taller than the 12th century Angkor Wat temple complex at Cambodia. The temple will be constructed in 3.76 lakh sq. ft. land in the Kaithwalia-Bahuara villages under the Kalyanur block on Kesaria-Chakia road in East Champaran district, about 120 km from the State capital, Patna.
The temple will have 12 domes, the highest of which will be 270 ft tall, and 22 sanctum sanctorum for different deities. The temple will be 2,800 ft in length, 1,400 ft in width and 405 ft in height. The complex will have marriage halls and guest houses too.
Amazon intends to invest USD 15 billion more in India: CEO Andy Jassy
E-Commerce giant Amazon plans to invest USD 15 billion more in India, taking its total in the country to USD 26 billion, a top official of the company has said.
Amazon is one of the biggest investors in India. We have invested USD 11 billion till date and intend to invest another USD 15 billion, which will bring the total to USD 26 billion. So we are very much looking forward to future of partnering, Jassy said.
Oman creates History as first foreign government to promote country through Yoga
This novel initiative by the Omani establishment demonstrates the increasing popularity and acceptance of as a Health practice worldwide but also highlights its growing prominence in this beautiful country. With a significant Indian community of 700,000 in Oman, yoga has gained considerable traction in recent years.
In a pioneering initiative, the Indian Embassy in the sultanate of Oman has introduced an innovative video called Soulful Yoga, Serene Oman on the eve of the International Day of Yoga 2023. The video showcases yoga enthusiasts from different countries performing beautiful yoga poses against stunning backdrops such as Mountains, beaches and sand dunes in and around Muscat.
24.06.23
Prime Minister Narendra Modi signed the Artemis Accords with the nation’s national space administration, as confirmed by the White House. This agreement holds significant importance for India to establish itself as a global space power.
Furthermore, the National Aeronautics and Space Administration (Nasa) and the Indian Space Research Organisation (Isro) have also agreed to launch a joint mission to the International Space Station (ISS) in 2024.
The Artemis accord outlines the principles for cooperation in space exploration and the use of the moon, mars, comets, and asteroids for peaceful purposes.
These principles are non-binding multilateral arrangements between the US government and other governments that wish to participate in NASAs Artemis programme
Nasas Artemis program focuses on making new scientific discoveries and expanding the exploration of the lunar surface. By studying the Moon, scientists hope to gain valuable insights and make discoveries that can contribute to advancements in various fields, including technology, medicine, and a better understanding of the workings of the entire universe.
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