# GST

• India recorded its second highest monthly gross GST revenues in June at ₹144616 crore, 56% more than a year earlier when the second covid wave had hit economic activity.
• Revenues from imports of goods rose 55% while domestic transactions and import of services were 56% higher in the month.
• Gross GST compensation cess collections hit ₹11018 crore, including 1197 crore on import of goods, the highest since the introduction of GST five years ago.
• This is the fourth successive month since March that monthly GST revenues have crossed ₹1.4 lakh crore mark.

# DRDO

• The defence research and development organization (DRDO) on Friday successfully carried out the maiden test flight of a new unmanned aerial vehicle (UAV).
• UAV is an autonomous flying wing technology demonstrator.
• Test flight was carried on from the aeronautical test range, Chitradurg, Karnataka.
• Operating in a fully autonomous mode, the aircraft exhibited a perfect flight, including take off, way point navigation and a smooth touchdown.

# Rath yatra

• Lakhs of devotees thronged the coastal town of Puri to witness the annual Rath yatra with three decorated chariots of sibling deities Lord Balabhadra, Lord Jagannath and Devi Shubhadra towed in front of the 12th century Shree Jagannath temple on Friday.
• For the first time in two years, devotees turned up for Rath yatra at puri as Covid-19 scare had forced the state government to organize the annual festival under restricted conditions
• Ministry of railways had announced that it will run over 200 special trains during the Rath yatra for smooth travel and convenience of the pilgrims.

# Purchasing managers index

• Price pressures dampened growth in India’s manufacturing sector to the slowest pace in nine months, with the survey based Global India manufacturing purchasing managers’ index (PMI) sliding to 53.9 in June from 54.6 in May.
• Worries about inflation also dragged business sentiment down to a 27 month low.