The central government has released ________ crore GST compensation to States on November 24, 2022.

Today General Knowledge(GK)

â‚¹26,000

â‚¹20,000

â‚¹17,000

â‚¹15,000

Correct Answer : Option (C) - â‚¹17,000

The central government on Friday(25th Nov 2022) said it has released â‚¹17,000 crore to states and union territories towards the balance Goods and Services Tax (GST) compensation for the April-June 2022 period.

* The funds were released on Thursday(24th Nov 2022). The total amount of compensation released to states and union territories so far this fiscal, including the latest tranche, is â‚¹1.15 trillion, the ministry said.

* This is despite the fact that total GST cess collection till October was only â‚¹72,147 crore and the balance of â‚¹43,515 crore is being released by the Centre from its own resources.

* With this release, the Centre has released, in advance, the entire amount of cess estimated to be collected this year till March-end available for payment of compensation to states.

* This decision was taken to help states manage their resources and ensure that their programmes, especially the expenditure on capital, is carried out successfully during the financial year, the ministry said.

* In May this year, the central government had released â‚¹86,912 crore as provisional GST compensation to states for the February-May 2022 period despite the fact that there was only about â‚¹25,000 crore in the GST compensation fund, by arranging around â‚¹62,000 crore from its own resources..

Source : Mint

Published On : November 26, 2022

Category : Indian Economy

Recent General Knowledge Questions

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NIPFP Forecasts India’s FY25 GDP Growth at____.

5.8%

6.3%

6.7%

7.1%

Correct Answer : 7.1%

The National Institute of Public Finance and Policy (NIPFP) predicts India’s GDP growth for the fiscal year 2024-25 to be 7.1%. Utilizing high-frequency models, NIPFP underscores the government’s fiscal consolidation efforts, emphasizing tax buoyancy and compression of revenue expenditure.

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Q .

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China

India

Malaysia

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Correct Answer : China

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The 27-year-old Asian Games gold medallist shot a score of 711 to finish behind Andrea Becerra of Mexico, who had a score of 713.

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The Indian women’s team, comprising top three scorers Vennam, Swami, and Parneet, finished as the best team in the qualification round with a total score of 2118. The Indian women’s team will, thus, start as the top seeds in the competition, ahead of South Korea (2117) and Mexico (2116). The teams are ranked by adding the individual scores of the top three archers from the country.

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Source : AIR

Published On : April 25, 2024

Category : Sports

Q .

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MS Dhoni

Lionel Messi

Usain Bolt

Sachin Tendulkar

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* Finally, in the 2016 Rio Olympics, he won gold in 100 metres, 200 metres and 4x100 metres.

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