Now good news is coming on the economy front. The economic activity was halted due to the lockdown. But now the pace of growth in many sectors is being seen before the Corona crisis. Meanwhile, many figures have come out, which suggest that the situation has improved in October. The figures are also better than in October of last year.
The GST collection has crossed the Rs 1 lakh crore
economy, the car is running fast on the track, the first evidence of this is coming from the GST collection. The GST collection in October has crossed the Rs 1 lakh crore mark after eight months. Earlier, in February, the GST collection was Rs 1 lakh crore. The decline in the GST collection was dominant since March.
According to the data released by the Finance Ministry, the GST collection in October was Rs 1.05 lakh crore. Earlier, in February 2020, GST collection was Rs 1,05,366 crore. While GST collection was 95480 crore in September, GST collection 86,449 crores in August, the collection was 87,422 crore in July. However, the GST collection of the government is still far behind its target.
in electricity consumption There has been a sharp increase in electricity consumption in the country, according to the data of the Ministry of Power, the electricity consumption in October was 110.94 billion units. It is 13.38 percent more than in October of last year. In October last year, this figure was 97.84 billion units. The main reason for this is the increased demand for electricity from industrial and commercial activities.