India

Bengal’s GST success

Increase of Rs 400 crore despite national economic slowdown Compared to June, GST collection in Bengal in July has increased by Rs 400 crore. In fact, in July, the combined total of SGST and IGST collected in Bengal has crossed Rs 2,000 crore. At the same time, across the country, compared to June, GST collection

States lost Rs 38 lakh cr due to Covid

Indian States have lost Rs 38 lakh crore due to Covid; how has Bengal fared? The State Bank of India’s latest Ecowrap report estimates that India’s growth in gross domestic product (GDP) for quarter 1 of the 2021 fiscal will be (-)16.5%. The COVID-19 pandemic has played a significant role in damaging the country’s economy.