Mizoram Current Affairs

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Haryana announces Shaurya Award for Students

The Chief Minister of Haryana Manohar Lal Khattar has announced the Shaurya awards for students in the name of 71 state police martyrs.

About the Shaurya Awards

The Shaurya Awards with prize money of Rs 11,000 will be awarded to students in the name of 71 personnel of the state police forces who laid down their lives while protecting society and maintaining law and order in the state.

The award would be given to a student for courageous deeds every year in a village block where the school is located and where a martyr studied during his childhood.

The announcements were made by the Chief Minister while addressing the family members of Haryana Police martyrs at while addressing the National Police Memorial in New Delhi. The Chief Minister also announced the construction of a state-level police memorial in the state of Haryana and released the book titled ‘Martyrs of Haryana police’.

National Police Memorial

Renovated and refurbished Police Memorial was inaugurated by the Prime Minister Narendra Modi on 21 October 2018. National Police Memorial commemorates the 34,844 police personnel from all of the central and state police forces in India who have died in the line of duty since the nation’s Independence in 1947.

The National Police Memorial commemorates the police personnel whose lives were lost in the fight against terrorism, militancy and insurgency in states such as Punjab, Assam, Nagaland, Manipur, Mizoram, Jammu and Kashmir and red corridor-affected regions in India.

The National Police Memorial also hosts the Wall of Valour with names of police personnel engraved on the granite, who died in the line of duty from 1947 to the present day.

Month: Categories: States Current Affairs - 2018

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GoM on GST revenue shortfall faced by states

The GST Council has decided to set up a seven-member committee to look into revenue shortfall being faced by the states after the GST roll-out, and suggest steps for augmenting collections.

The committee would be headed by Deputy Chief Minister and Finance Minister of Bihar Sushil Modi. Other members of the committee include Punjab Finance Minister Manpreet Singh Badal, Kerala Finance Minister Thomas Isaac, Karnataka Rural Development Minister Krishna Byre Gowda, Odisha Finance Minister Shashi Bhushan Behera, Haryana Taxation Minister Capt Abhimanyu and Goa Panchayat Minister Mauvin Godinho.

Terms of Reference of the Committee

The committee headed by Sushil Modi will look into the following aspects:

  • Analyse reasons for the shortfall in revenue collections by the states since July 2017.
  • Undertake data analysis using econometric and statistical tools and suggest suitable measures and policy interventions for course correction for revenue augmentation, particularly for the states suffering high revenue shortfall.
  • Look into account trends of revenue collection before and after implementation of goods and services tax.
  • Structural patterns of major sectors of the economy impacting revenue collection, including the services sector.
  • Identify reasons for deviation in revenue collection trends, compare it with original assumptions worked out at the time of design and implementation of GST.
  • Only Andhra Pradesh and five northeastern states — Mizoram, Andhra Pradesh, Manipur, Sikkim and Nagaland — have recorded revenue increase post the GST roll out.

Revenue Trends under GST Regime

The GST revenue data shows the following trends:

  • A large number of States including Punjab, Himachal Pradesh, Chattisgarh, Uttarakhand, Jammu and Kashmir, Odisha, Goa, Bihar, Gujarat and Delhi are facing revenue shortfall following the implementation of goods and services tax.
  • The revenue shortfall experienced by these states was in the range of 14-37 per cent.
  • Among the Union Territories, Puducherry is facing a maximum shortfall of 43 per cent.

The Goods and Services (State compensation for loss of revenue) act provides for compensation to the states for loss of revenue arising on the account of implementation of the Goods and Services Tax for a period of 5 Years and the projected revenue nominal growth rate for a state during the transition period shall be 14% per annum.

Month: Categories: Business, Economy & Banking Current AffairsUPSC Current Affairs - 2019

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