Telangana Affairs
Government land sale boosts Telangana non-tax income
For the first time since its formation,Telanganais on course to record non-tax income, mostly due to sale of land parcels. Till July alone the state has earned Rs 7,432 crore, which is the highest evernon-tax incometill that month. Moreover, the state has already realised nearly 30% of its estimated Rs 25,421 crore total non-tax income in this fiscal.
The increase in non-tax income this year can be gauged from earlier collection till July since state formation: It stood at Rs 1,925 crore (2021-22); Rs 1,069 crore (2020-21); Rs 1,744 crore (2019-20); Rs 1,372 crore (2018-19); Rs 1,721 crore (2017-18); Rs 854 crore (2016-17); Rs 1,706 crore (2015-16); and Rs 689 crore (2014-15).
The difference between state tax and non-tax revenues is significant. Tax is levied on income earned by an individual or entity (direct tax) as well as the value of transactions involving goods and services (indirect tax). Non-tax revenue, on the other hand, is mostly through charges against govt services.
National and International Affairs
Chennai: Startups create 7.67 lakh jobs in India in 6 years
Startups in India have generated around 7.67 lakh jobs in the last six years (as of June 30) with majority of the employment generated inMaharashtra, the commerce ministry told theLok Sabha. Around 72,000 startups have registered themselves under Department for Promotion of Industry and Internal Trade (DPIIT’s) Startup India scheme in the last six years (2016-2022) with 2022 alone recording 12,341 registrations nationally, minister of state for commerce Som Prakash said.
Maharashtra topped the job creation list with more than 1.46 lakh people employed at the state’s startups. Despite housing the country’s tech hub, Karnataka was a distant second with over 1.03 lakh jobs, and Delhi ranked third with 87,643 jobs. The total number of employment generated is self-reported by the startups recognized by the DPIIT as of June 30, the minister said. In terms of the number of startups registered in the last six years, Maharashtra again takes the first position with 13,519, followed by Karnataka at 8,881, Delhi at 8,636, andUttar Pradeshat 6,654.
NDRF carries out pan-India security audit of ropeways
TheNDRFhas begun a nationwide survey ofpassenger cable carsandropewaysystems to find out possiblesecurity flawsin them and to prepare a structural blueprint that will help it launch effective rescue operations in case of an emergency.
The federal contingency force has also decided to train its rescuers in specific ropeway rescue skills apart from purchasing an assortment of tools like pulleys and carabiners to be used for transporting the salvager and evacuating stranded people from the car hanging in the air. The move comes as at least four ropeway-related incidents, including one inUttarakhand, have been reported in the country so far this year.
The aim of the exercise is to not only sensitise the operators of this mode of transport about the precautions they should practise and preparations they should have, it will also give us an action plan which can be used during emergencies and disasters that hit the ropeway system.
Kilo class submarineINSSindhudhvaj decommissioned
The Navys Kilo-class submarine,INSSindhudhvaj, was decommissioned from service on Saturday at Visakhapatnam after 35 years in service. With this, the Navy now has 15 conventional submarines in service.
Commissioned into the Navy in June 1987, Sindhudhvaj, was one of the 10 Kilo-class submarines India acquired from Russia between 1986 and 2000. Of these,INSSindhurakshak was lost in an accident in Mumbai harbour in August 2013, while Sindhuvir was transferred to Myanmar in 2020, making it the South East Asian nations first underwater platform.
Truant monsoon can put pressure on prices, GDP, say expert
The SouthwestMonsoonthis year has started on an erratic note, and is presently lagging behind schedule. Experts fear that the monsoon deficiency is going to further increase pressure on foodprices, which are already high.
India has been witnessing extreme weather conditions of rainfall deficit in most parts of the country and simultaneously witnessing massive flooding in Northeast India. This has brought focus back on the high monsoon rainfall variability, which has been a cause of concern for the country, which employs 50% of its workforce in rain-fed dependent agriculture.
Earlier this week, both houses of theRussian parliament ratified treatiesmaking the Donetsk, Luhansk, Kherson and Zaporizhzhia regions part of Russia.
The formalities followed Kremlin-orchestrated referendums in the four regions that Ukraine and the West have rejected as a sham.