State’s revenue in October stable at ₹8,338 cr.
The Hindu
Month’s revenue shade higher than September’s ₹8,268 cr.
The State Government’s tax revenue during October remained stable at ₹ 8,338.93 crore, a shade higher than ₹ 8,268.66 crore registered during September.
The total revenue receipts at the end of October stood at ₹ 62,208.76 crore, realizing 35.32 per cent of the budget estimates of ₹1.76 lakh crore for the current financial year. The State registered highest revenue of ₹ 9,000 crore in a month during August since the lifting of restrictions imposed on account of Coronavirus (COVID-19) pandemic, but the revenue remained stable around ₹ 8,000 crore in the next two months.
Revenue through Goods and Services Tax inched closer to ₹18,000 crore mark reaching ₹17,799.69 crore at the end of October, crossing the half way mark of ₹ 35,520 crore projected in the budget estimates. Revenue through State Excise duties were pegged at ₹ 8,611.81 crore, 50.66 per cent of the projected ₹17,000 crore for the current year.
When Britain handed Hong Kong back to China in 1997, Beijing promised to retain the city’s Western-style civil liberties for 50 years. However, since the introduction of the 2020 law, Hong Kong authorities have severely limited free speech and assembly under the rubric of maintaining national security.