Daily current affairs 2nd May

Posted by

Sidimania

Date

May 2, 2023

Comments

No Comments

# GST

  • Driven by strong domestic growth, collection of goods and services tax rose 11.6% in April to a record high of ₹1, 87,035 crore.
  • The mop up in April was based on transactions in March.
  • All segments, barring integrated GST on imports, recorded the highest level since the new levy kicked in from July 2017.
  • The previous high of ₹167540 crore was recorded exactly a year ago.

# Cantonment

  • The Union Government has kicked off a plan to abolish the 62 Cantonments around the country as archaic colonial legacies.
  • The notification for disbanding of the Yol cantonment in Himachal pradesh was issued last week.
  • The plan is to carve out the military areas in all Cantonments and convert them into exclusive military stations with the army exercising complete control over them.
  • The civilian areas will be merged with local municipalities.

# April

  • India’s fuel and power demand continued in the slow lane for the second month in a row in April inspite of an uptick in farm and economic activities.
  • Petrol demand rose 2.5% in April from a year ago.
  • Diesel consumption, a key indicator of economic activities, fared better with a 6.7% growth over April 2022.
  • Power consumption also dipped for a second month in a row in April to 130.5 billion units from 132 billion units a year ago.

# UPI

  • Transactions on the Unified Payment Interface (UPI) platform hit a new high of 890 crore in April 2023.
  • The value of these transactions was also at a new record at ₹14.07 lakh crore.

Category

Subscribe



FOLLOW US ON

Copyright 2021 Sidimania infotainment All Right Reserved. Privacy & Policy