01-09-21 Daily-Gujarat-GPSC Current Affairs

Significantly, compared to the corresponding period last year (2020), the revenue fromstamp dutyand property registration has spiked 148% in the period from April to July this year, reflecting a huge spurt in real estate transactions since April this year.

In the month of July, 2020 which was just after the lockdown, the income from stamp duty & registration fees was Rs 588 crore. In July this year, the income from stamp duty and registration touched the Rs 968 crore mark. Considering the April to July period, the revenue from stamp duty and registration in 2020 was Rs 1,234 crore. This year, the income from stamp duty and registration between April and July stands at Rs 3,061 crore.
Such impressive has been the stamp duty and registration revenue that the has earned 34% of its annual budgetary target of Rs 8,700 crore in the first four months of the financial year.

According to official figures of the state government, the number of property documents registered in the first four months of 2020-21 were 1.94 lakh, which increased to 4.07 lakh in the first four months of 2021-22, reflecting a whopping 110 % jump in total number of registered sale deeds in the state.

However, the states major Source Of Income – Goods & Service Tax (GST) income has grown by only 6% in the first four months of the ongoing fiscal year as compared to the same period last year. Revenue from stamp duty and registration grew by 148% in the first four months of the present fiscal year as compared to the same period last year. Motor vehicles tax has registered a Growth of 110% in the first four months of the financial year as compared to the corresponding period last year.

VAT (value added tax) on petroleum products showed a 81% jump in revenue in the first four months of the ongoing financial year as compared to the corresponding period last year. Government revenue from sale of liquor (Prohibition & excise tax) has registered a 61% hike in the April-July period this year as compared to the same period last year.

Although the overall income of the government from all sources showed a marginal drop in the year 2020-21 (Rs 79,793 crore) as compared to the previous financial year 2019-20 (Rs 86,534 crore), the government is upbeat that it will be able to cross the Rs 1,08,035 crore revenue target this year.

The Commission launched a new initiative on August 26, 2021 in order to reach out to new voters through sending them a customized letter alongside a voter identification card.

Highlights:

Initiative was launched by Chief Election Commissioner Sushil Chandra and Election Commissioner Rajiv Kumar.

Under the new initiative, a package would be sent to new voters which will encompass voter information for new voters alongside with a congratulatory letter except a pledge for moral voting.

Avani Lekhara won medal in womens 10m Air Rifle Standing (SH1) event

She is a 19-year-old Lekhara and created a record at Paralympics by equalling the world record of Ukraines Iryna Shchetnik.

Iryna Shchetnik had a record score of 249.6 in 2018.

Avani became the first Indian woman to win first gold medal at Tokyo 2020 Paralympics.

India has won 19 medals so far across all 11 editions of Tokyo Paralympics Games since 1960. It comprises of 5 gold, 8 silver, and 6 bronze.

The Ministry of Textile and National Institute of Fashion Technology (NIFT) launched an India dimension survey, to do away with the size confusion. It has been titled as INDIAsize. The survey used to be formally launched on August 26, 2021.

Highlights:

This initiative was once launched with the intention of introducing a new standardised dimension chart in ready-to-wear garb zones in India.

This project used to be introduced in February 2019. However, it was delayed because of covid-19 pandemic.
New sizing chart will include a measurement identification number. It will be created by mapping, categorising and defining the physique measurement and type.

FM unveiled the 4th version of Public Sector Bank (PSB) Reforms Agenda EASE 4.0.

Highlights:

PSB reforms agenda EASE (Enhanced Access and Service Excellence) was launched primarily based on the pointers made by PSB Whole Time Directors (WTDs) and senior executives in PSB Manthan in November 2017.

It encapsulates a synergistic method to make certain prudent and smooth lending, better purchaser service, simplified and superior credit, and robust Governance and HR practices.

The Reforms Agenda is pursued thru a unique Reforms Index that enabled objective evaluation of Growth on all key areas in PSBs viz., governance, prudential lending, hazard management, technology- and data-driven Banking, and outcome-centric HR as properly as more advantageous in the wider financial ecosystem.

EASE 1.0 was launched for FY 2019 and the 2d version for FY 2020.

The fourth edition EASE four objectives similar to the agenda of customer-centric digital transformation and deeply embed digital and statistics into PSBs approaches of working.