MINISTRY OF FINANCE

Revenues for the month of August 2022 are 28% higher than the GST revenues in the same month in 2021  (SEP 1, 2022)

The gross GST revenue collected in the month of August 2022 is  ₹ 1,43,612 crore of which 

  • CGST is ₹ 24,710 crore, 
  • SGST is ₹ 30,951 crore, 
  • IGST is ₹ 77,782 crore (including ₹ 42,067 crores collected on import of goods) and 
  • cess is ₹ 10,168 crore (including ₹ 1,018 crores collected on import of goods).  
The government has settled ₹ 29,524 crores to CGST and ₹ 25,119 crores to SGST from IGST. The total revenue of the Centre and the States in the month of August 2022 after regular settlement is ₹ 54,234 crores for CGST and ₹ 56,070 crore for the SGST.

PRESS RELEASE: https://pib.gov.in/PressReleasePage.aspx?PRID=1855967

DELHI HIGH COURT 

Delhi High Court directs Telegram to disclose details of channels violating copyright law (AUG 31, 2022)

The Delhi High Court has said the defence of free speech and the right to privacy cannot be used by any entity, including an infringer, to escape the consequences of illegal actions. 

Justice Prathiba M Singh, while dealing with a lawsuit by a coaching centre and its owner against the "illegal" sharing of its teaching material on various channels on the platform under "masked" identities, stated that Telegram's on the laws of privacy and right to freedom of speech and expression was "completely inapposite in these facts and circumstances."

DETAILS : Delhi High Court directs Telegram to disclose details of channels violating copyright law (indiatimes.com)

NEWS AT GLANCE 

  • Scientific completion of India's first indigenously developed vaccine for eliminating cervical cancer announced.  
  • The government says nearly 80 per cent of airspace is available for drone flying following the liberalization of drone policy.  
  • Price of commercial LPG cylinders slashed by 91 rupees.
  • India's GDP in the first quarter of the current fiscal grows at 13.5 per cent, the fastest in a year.  
  • Delhi Lieutenant Governor VK Saxena to file defamation case against Aam Aadmi Party leaders for making baseless allegations against him.

WORD OF THE DAY

A letter of Credit is a document issued by a bank guaranteeing to provide a customer a line of credit (automatic loan up to a certain amount) for money or security for a loan. Such a letter is used primarily to facilitate long-distance business transactions.

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