The Things You Should Know

As per the data released by Ministry of Statistic and Program Implementation, t he Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of February 2020 stands at 133.3 , which is  4.5 percent   higher  as compared to the level in the month of February 2019.  The cumulative growth for the period April-February  2019-20  over the corresponding period of the previous year stands at  0.9 percent . The growth rates for the Mining, Manufacturing and Electricity sectors for the month of February  2020  stand at  10.0  percent , 3.2  percent  and  8.1  percent  as compared to  February   2019 . The cumulative growth in these three sectors during April- February   2019-20  over the corresponding period of 2019 has been 1.9 percent, 0.6 percent and 1.5 percent respectively. In terms of industries, ten  out of the twenty three industry groups in ...

In the last month of the fiscal 2019-20 i.e March 2020, central and state governments collected Rs. 97,597 crore GST as against the target of whopping Rs. 1.25 lakh crore amid an economic slowdown. For the full financial year, 2019-20, the GST for domestic transaction has shown a growth rate of 8% over the revenues during last year. During the year, GST from import on goods fell down by 8% as compared to last year. Overall, gross GST revenues grew at 4% over the last year’s GST revenue. State-wise GST Collection (Rs crore) :- State 2018-19 2019-20 Growth Jammu & Kashmir 3792 4010 6% Himachal Pradesh 7593 7960 5% Punjab 13979 15235 9% Chandigarh 1779 1988 12% Uttrakhand 15150 14722 -3% Haryana 55233 59560 8% Delhi 39845 44161 11% Rajasthan 30722 32821 7% Uttar Pr...