Business
FY22 tax collection exceeds budgetary estimate, rises to over Rs 27 lakh cr

Accelerated economic recovery along with enhanced compliance pushed India’s FY22 tax collection to Rs 27.07 lakh crore, almost Rs 5 lakh crore above the Union budget’s estimate of Rs 22.17 lakh crore.
Accordingly, the current tax collection grew by 34 per cent over last year’s revenue collection of Rs 20.27 lakh crore, led by a growth of 49 per cent in direct taxes and supported by a 20 per cent growth in indirect taxes.
“This revenue growth has been propelled by rapid economic recovery after successive waves of Covid, supported by one of the largest immunisation programme of the world run by the government,” the Ministry of Finance said.
“It also signifies a robust recovery in the economy. This was also supplemented with better compliance efforts in taxation. Various efforts were taken by tax administration on direct as well indirect taxes to nudge higher compliance through use of technology and artificial intelligence.”
Besides, FY22 marked the highest tax-GDP ratio of 11.7 per cent, with direct tax to GDP ratio at 6.1 per cent and indirect tax to GDP ratio at 5.6 per cent.
“The tax buoyancy (which is a measure of growth in tax revenues as compared to GDP growth) is at a very healthy figure of 1.9, with 2.8 for direct taxes and 1.1 for indirect taxes. The ratio of direct to indirect taxes recovered from 0.9 in 2020-21 back to 1.1 in 2021-22.”
As per the ministry, the gross corporate taxes during 2021-22 was Rs 8.6 lakh crore against Rs 6.5 lakh crore last year, which shows that the new simplified tax regime with low rates and no exemptions has lived up to its promise. Furthermore, the ministry said that during the year, the income tax department gave refunds of Rs 2.24 lakh core.
“During last two years, the effort has been to clear backlog of refunds to infuse liquidity into the hands of businesses.”
“During the year, 2.4 crore refunds were issued that included 2.01 crore related to the year 2021-22, for which the returns were filed till 31st March 2021.”
Additionally, this has been possible due to faster processing of returns.
“During 2021-22, 22.4 per cent returns were processed on the same day and around 75 per cent returns were processed in less than a month time. The average processing time for returns during 2021-22 was 26 days. During the year, 7.14 crore returns were filed as compared to 6.97 crore last year.”
According to the ministry, on the indirect tax front, GST saw “an exemplary growth during 2021-22 despite two waves of Covid-19 pandemic”.
“CGST revenues increased from Rs 4.6 lakh crore last year to Rs 5.9 lakh crore in 2021-22. The average monthly gross GST revenue in 2021-22 was Rs 1.23 lakh crore as compared to Rs 94,734 in 2020-21 and Rs 1.01 lakh crore in 2019-20.”
“This again signifies a robust rebound in the economy. This has been complemented due to various measures taken to improve compliance. This shows that the GST ecosystem has appreciated the invoice-based discipline in GST, which not only benefits GST revenues but also contributes to overall formalization in the economy.”
Additionally, the ministry said that the level of economic recovery can also be seen from the value of e-way bills generated every month, which has improved from Rs 16.9 lakh crore in January 2021 to Rs 25.7 lakh crore in March 2022.
In addition, during 2021-22, Customs duty has witnessed a growth rate of 48 per cent.
“During the last two years, the government has undertaken comprehensive review and rationalisation of the Customs tariff structure through extensive consultations and crowd sourcing and has rationalised various exemptions and simplified the tariff structure.”
“It is expected that the trend of recovery in the economy and tax revenues of the government will continue to grow.”
National
Another batch of 5,246 Yatris leaves for Valley as Amarnath Yatra begins today

Jammu, July 2: Another batch of Yatris left Jammu for the Valley as the annual Amarnath Yatra begins officially on Thursday, officials said.
Officials added that the second batch of 5,246 pilgrims left Bhagwati Nagar Yatri Niwas on the Canal Road in Jammu for the Valley in two escorted convoys on Thursday.
“Of these, 1,993 Yatris are going to Baltal base camp while 3,253 are going to Pahalgam base camp,” officials said.
The 36-day long Amarnath Yatra begins on Thursday as the first batch of Yatris left Baltal base camp for the holy cave shrine in the morning.
Other Yatris of the first batch left Pahalgam for the cave shrine in the morning.
On their arrival in the Valley on Wednesday, locals belonging to civil society, trade and other sections of the society lined up with garlands and placards at the Navyug Tunnel in Qazigund town to welcome the Yatris.
Jammu and Kashmir Lieutenant Governor, Manoj Sinha, on Wednesday, flagged off the first batch of Yatris for this year’s Amarnath Yatra from Jammu.
Unprecedented security is being provided to this year’s Amarnath Yatra as this is taking place after the April 22 Pahalgam terror attack in which 26 civilians were killed by Pakistan-backed Lashkar-e-Toiba (LeT) terrorists.
Additional 180 companies of CAPFs have been deployed to augment the existing security set-up comprising the Army, security forces and the Jammu and Kashmir Police.
Yatris have been advised to undertake the journey from Jammu to the Valley only as part of the escorted convoys and not to move separately towards the base camps on their own.
The Yatra officially started on Thursday and will conclude after 36 days on August 9, coinciding with the festivals of Shravan Purnima and Raksha Bandhan.
Devotees approach the holy cave shrine situated 3,888 metres above the sea level either from the traditional Pahalgam route or the shorter Baltal route.
Those using the Pahalgam route trek from Pahalgam to Chandanwati, Sheshnag and Panchtarni to reach the holy cave shrine taking four days to cover the 46-km long trek.
Those using the Baltal route return to the base camp the same day after having ‘Darshan’ inside the cave shrine covering the 14-km long trek.
For security reasons, no helicopter services are available for the Yatris this year.
The cave shrine houses an ice stalagmite structure that wanes and waxes with the phases of the moon.
Devotees believe that the ice stalagmite structure symbolises the mythical powers of Lord Shiva.
Locals are an essential part of the Yatra as they facilitate the Yatra by providing ponies, palkis and even carry the infirm pilgrims on their back to reach the cave shrine.
National
Chennai Corporation to upgrade sanitation, water systems in schools, health centres

Chennai, July 3: In a major step towards improving sanitation and hygiene infrastructure, the Greater Chennai Corporation (GCC) has floated a tender worth Rs 96 lakh to upgrade and renovate toilets, water supply, and drainage systems across its schools and urban primary health centres (UPHCs).
The initiative, part of the broader Water, Sanitation and Hygiene (WASH) campaign and the Integrated Urban Flood Management for the Chennai-Kosasthalaiyar Basin Project, aims to enhance the cleanliness and safety standards in public institutions, particularly those catering to children and vulnerable communities.
According to GCC officials, the project will cover 66 Corporation-run schools and seven UPHCs. The scope of work includes constructing 49 new toilets, repairing six existing toilets, installing 37 new urinals, undertaking plumbing and drainage work for drinking water systems, and setting up 108 new hand-washing stations.
Additionally, the civic body plans to introduce reverse osmosis (RO) drinking water units and hand-wash facilities in 17 UPHCs spread across the city limits.
Officials stated that these improvements are crucial to ensuring good hygiene, especially in densely populated urban areas prone to waterborne diseases.
“The goal is to create a hygienic and safe environment for students and patients alike. These facilities will not only improve sanitation but also contribute to better public health outcomes,” a senior GCC official said.
The tender stipulates that the contractor must follow the specifications and guidelines of the Central Public Works Department (CPWD).
The scope of services includes electrical, sanitary, and all related civil works. The GCC has set a deadline of 549 days from the date of commencement to complete all works.
The contractor is required to submit a detailed project execution plan — including procurement, excavation, concreting schedule, and quality control — within 10 days of signing the agreement. This plan will require formal approval before on-ground work begins.
The civic body hopes that the WASH upgrades will serve as a model for future infrastructure projects in government-run schools and health centres, enhancing Chennai’s preparedness against health crises and urban flooding events.
This initiative comes at a time when the city is focused on improving its resilience through better urban planning, especially in the wake of repeated monsoon challenges and increasing demand for quality public services.
Crime
Delhi Police arrest notorious cyber stalker in Palam

CRIME
New Delhi, July 2: A 21-year-old man was arrested in Delhi’s Palam village for allegedly harassing a college student by creating fake Instagram accounts and using artificial intelligence (AI) tools to generate objectionable content.
The accused was persistently stalking and defaming the victim, a college-going girl, through multiple fake Instagram profiles, Amit Goel, Deputy Commissioner of Police, South West District, said in a statement.
The complainant approached the Cyber Police Station, West District, on June 16, reporting that the accused was daily creating new accounts using her photographs, posting them with derogatory captions, and targeting her and her followers.
Acting on the complaint, the police registered a case under relevant sections of the Bharatiya Nyaya Sanhita (BNS).
“In view of the seriousness of the matter, a dedicated team led by SI Priyanka was formed to identify and apprehend the accused,” the statement added.
A team of PS Cyber, South-West District, arrested the notorious cyber stalker and recovered the smartphone used in the commission of the offence, the statement read.
During the investigation, it came to the fore that the accused was impersonating a female using a profile picture taken from the victim’s public Instagram account, the police said.
The police said the accused further used AI tools to convert the images into sexually explicit content and uploaded these edited pictures through fake Instagram stories.
Despite efforts to mask his identity by not linking any accounts to verifiable mobile numbers or Gmail IDs, the cyber team used advanced technical analysis to track the suspect to the Palam area of South-West Delhi. Multiple raids were conducted before he was successfully arrested.
The accused, whose identity has been withheld, confessed to the crime during interrogation, the police statement read.
Further investigation is underway.
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