For the fourth time since the introduction of the
indirect tax regime on July 1, 2017, gross GST collection has surpassed the Rs
1.60 lakh crore mark.

The Finance Ministry reported on Saturday that GST
receipts increased by 12 percent in June, reaching more than Rs 1.61 lakh
crore.Read also this:  Indian Economy Overcame Twin-balance Sheet Problem, Banks Profitable: FM Nirmala Sitharaman.

For the fourth time since the introduction of the
indirect tax regime on July 1, 2017, gross GST collection has surpassed the Rs
1.60 lakh crore mark.

The average monthly cumulative GST collection in the
first (April-June) quarter of 2021-22, 2022-23, and 2023-24 is Rs 1.10 lakh
crore, Rs 1.51 lakh crore, and Rs 1.69 lakh crore, respectively, according to a
statement from the Finance Ministry.

Central GST is Rs 31,013 crore, State GST is Rs
38,292 crore, Integrated GST is Rs 80,292 crore (including Rs 39,035 crore
collected on import of goods), and cess is Rs 11,900 crore (inc

The finance minister,
Nirmala Sitharaman, stated on Saturday that the Modi the government’s
concentrated efforts have shifted the Indian economy from the twin-balance
sheet dilemma of banks and businesses to the twin-balance sheet
advantage. Indian Economy Free of Twin-balance Sheet Issue, Banks Turning
a Profit: FM, Nirmala SitharamanRead also this:  Will AI eventually replace human beings?

The minister made the
announcement at the opening of Punjab & Sind Bank’s new headquarters, where
public sector bank profits tripled from 2014 levels to 2022-23. When both banks
and corporations experience a decline in their financial stability at the same
time, this is known as the “twin-balance sheet problem.”

The Reserve Bank has
noted that the Indian economy is benefiting from the twin-balance sheet
structure, and Sitharaman has stated that this is thanks in part to the
government’s efforts to address the issue.

As per the Reserve
Bank, the Indian economy is reaping the

On
Saturday, HDFC, a key player in the housing finance industry, and HDFC Bank, a
wholly-owned subsidiary, will merge after receiving approval from their
respective boards on Friday.

After
the reverse merger is finalised on June 30, the 44-year-old HDFC Ltd. will be
dissolved. The first home finance firm in the country, HDFC Ltd, will change
its name this coming Saturday.Read also this: On the phone, Modi and Putin addressed the situation in Ukraine and the Wagner mutiny.

HDFC
Bank stated in a regulatory filing that the “Effective Date” of the
composite scheme of amalgamation would be Saturday, July 1, 2023, the date on
which HDFC Investments, HDFC Holdings, HDFC Limited, and HDFC Bank would file
the certified order of the NCLT authorising the Scheme with the RoC.

The
HDFC Bank board of directors, after consultation with the HDFC Limited board of
directors, has decided that the shares of HDFC Bank would be issued and awarded
to HDFC Ltd shareholders on July 13, 2

Friday, in a telephone conversation, Prime Minister Narendra Modi and
Russian President Vladimir Putin discussed the Ukraine conflict and the recent
Wagner mutiny.

Prime Minister Modi had expressed support for what the Kremlin described
as the Russian leadership’s decisive response to the Wagner mercenary group’s
mutiny last Saturday.Read also this:  A bus fire on the Maharashtra motorway claimed the lives of 25 people.

Less than a week has passed since the Russian leadership thwarted a
significant coup d’état led by Yevgeny Prigozhin’s private mercenary army
Wagner Group. The telephone conversation between the two heads of state occurs
shortly after.

The private mercenary army conquered two key cities in southern Russia but halted its march on Moscow after the Kremlin reached an agreement with
Prigozhin with the assistance of Belarusian President Aleksandr Lukashenko.

Later, Prigozhin denied intending to overthrow the Russian government in
a Telegram video mess

The bus was going from
Yavatmal in Maharashtra to Pune when a fire broke out on the Samruddhi Mahamarg
motorway in Buldhana.

Police say that at
least 25 people died when a bus with 33 people on board caught on fire on the
Samruddhi Mahamarg motorway in Buldhana, Maharashtra.Deputy SP Baburao Mahamuni
said that the people who were hurt were taken to Buldhana Civil Hospital.Read also this:  Dr. Neerja Gupta made history as Gujarat University’s first female Vice Chancellor

A private excursions
bus traveling from Nagpur to Pune smashed into a barrier near Sindkhedraja
in Buldhana district at around 2 a.m. on Saturday.

Buldhana SP Sunil
Kadasne told PTI that, according to what they know so far, a bus tyre blew and
the bus hit a pole, crashed into a divider, and caught fire. 25 of the 33 people
on the bus died from the fire.

The bus driver, who
lived through the accident, told Kadasane that the bus flipped over after a
tyre burst and started a fire inside.

The o

For the first time in
the history of Gujarat University, a woman has been selected to serve as Vice
Chancellor. Gujarat University has appointed Dr. Neerja Gupta as its next vice
chancellor. She will take over for Professor Dr. Himanshu Pandya as Vice
Chancellor of the University. At the end of June, Dr. Himanshu Pandya’s
contract was up.Read also this: What If You Don’t Link your Aadhaar and PAN Today? Explained

After 73 years, Gujarat
University finally has a female Vice-Chancellor. Dr. Neerja A. Gupta of
Ahmedabad will now oversee GU. Professor Dr. Himanshu Pandya has been
replaced by Dr. Gupta. On June 30th, Pandya officially retired from his
position. Until recently, Sanchi University’s Vice-Chancellor was Dr. Neerja A.
Gupta. Dr. Neerja Gupta’s appointment as Vice Chancellor comes at a time when
the university is receiving a lot of media attention for a number of different
reasons. The University of Gujarat was established in 1949. NAAC has awarded
Gujarat Univ

Even though India and
the United States have united forces to combat cyber-threats, the Chinese
threat poses a serious risk to critical infrastructure.

PM Narendra Modi will
likely organise a high-level gathering to examine data security and privacy in
order to strengthen India’s critical infrastructure more resistant to hybrid
warfare in the face of increasing attacks and data breaches by arch-rivals in
the region.Read also this: What If You Don’t Link your Aadhaar and PAN Today? Explained

North and South Blocks,
including the Prime Minister’s Office (PMO), have taken extreme measures in
response to rising cyber threats to prevent data theft via malicious software
or computer faults. The National Informatics Centre downplays the severity of
the cyber-security threat as the government remains tight-lipped. The PMO has
also instituted robust measures to prevent unauthorized entry or participation
in video conferences presided over by PM Modi.

While much of India’s

The linking of PAN and
Aadhaar is mandatory for all taxpayers in the country. The original deadline of
March 31 had been extended by the Income Tax Department to today, June 30. Now,
from today, there will be consequences for anyone who does not link their PAN
and Aadhaar.Read also this: HDFC Will Rise to World’s Most Valuable Banks After Merger.

All taxpayers who were
issued a Permanent Account Number (PAN) as of July 1, 2017, who are eligible to
receive an Aadhaar Number, must link their PAN and Aadhaar by June 30, 2018,
according to the Income Tax Department. Those who live in Meghalaya, Assam, and
Jammu and Kashmir, as well as those who are 80 years or older or who are not
Indian nationals, are excluded from attaching their documents. Officials stress
the significance of integrating PAN and Aadhaar in their efforts to reduce tax
avoidance.

All taxpayers who were
issued a Permanent Account Number (PAN) as of July 1, 2017, who are eligible to
receive an Aadhaar Nu

Affirmative action
programmes at Harvard University and the University of North Carolina were
deemed illegal by the Supreme Court of the United States on Thursday. Chief
Justice John Roberts has ruled that racial preferences in admissions offices,
which aim to improve campus diversity and promote access to higher education,
are unconstitutional because they violate the 14th Amendment’s Equal Protection
Clause.Read also this: Putin said that PM Modi’s “Make in India” plan has a noticeable effect on the economy

Prospective students
applying to colleges and universities should be judged “as an individual —
not on the basis of race,” according to Roberts.

However, “many
institutions have for a while done just the opposite,” Roberts said. They
have incorrectly inferred that a person’s identity is based on the colour of
their skin rather than the obstacles they have overcome, the talents they have
acquired, or the life experiences they have gained. That’s a decision that