Category: vchgghun

Botswana Diamonds plc ( 2013 Abridged Report

first_imgBotswana Diamonds plc ( listed on the Botswana Stock Exchange under the Mining sector has released it’s 2013 abridged results.For more information about Botswana Diamonds plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Botswana Diamonds plc ( company page on AfricanFinancials.Document: Botswana Diamonds plc (  2013 abridged results.Company ProfileBotswana Diamonds is a diamond exploration enterprise that has been operating in Botswana since the early 1980s. The United Kingdom-based enterprise is a spin-off of African Diamonds Plc and operates in Botswana, South Africa and Cameroon. The company has a successful track record in diamond discovery; having helped discover the Karowe Mine in Orapa which produces rare high-value stones. Botswana Diamonds also found a kimberlite mine in Botswana which is one of only 20 hard-rock diamond mines found outside Russia. The company operates in a joint venture with OJSC Alrosa (Russia) to explore 17 diamond-producing mines; and in a joint venture with Brightstone holds 13 prospecting licenses in the Orapa region which covers a total of 733 square kilometres. Botswana Diamonds Plc was founded in 2010 as a spin-off company of African Diamonds Plc, with its head office based in Dublin, Ireland.last_img read more

Historical Society makes donation to Kenyan University

Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Rector Martinsville, VA Director of Administration & Finance Atlanta, GA Anglican Communion In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Canon for Family Ministry Jackson, MS [Historical Society of the Episcopal Church press release] The Historical Society of the Episcopal Church has donated a set of their quarterly journal, Anglican and Episcopal History, from the 1970s through today to the library of St. Paul’s University, Limuru, Kenya. A number of books that were received for reviews in the journal were also donated.The donation of hundreds of items were prepared by Matthew P. Payne, HSEC director of operations, and the Rev. Sheryl Kujawa-Holbrook, book editor of Anglican and Episcopal History. They began their journey by being delivered to the Rev. Joseph Duggan in San Francisco. Duggan is founder of the Postcolonial Theology Network and to avoid the high cost of shipping, members of the network will take them as they travel to Kenya for the network’s summer conference.The need for the donation was made know by Esther Mombo, a prominent Anglican theologian and former deputy vice chancellor of the university. “I offer our sincerest thanks for the journals and books to support scholarship at St. Paul’s, especially in the area of church history.”Founded as an Anglican institution, the United Theological College at St. Paul’s University is now an ecumenical divinity school serving Anglicans, Presbyterians, Methodists, and the Reformed Church of East Africa. The school has a long-standing reputation of training theologians and pastors in various parts of Africa for service, including archbishops, bishops, moderators, and general secretaries.“This exchange is an important opportunity to have Anglicans in another part of the world become familiar with Anglican and Episcopal History,” Kujawa-Holbrook said.Payne said that the journal has been published since 1932, and that “recently all back issues were added to the academic online journal service, JSTOR.”For more than a century, HSEC has been an association dedicated to preserving and disseminating information about the history of The Episcopal Church. Founded in Philadelphia in 1910 as the Church Historical Society, its members include scholars, writers, teachers, ministers (lay and ordained) and many others who have an interest in the objectives and activities of the Historical Society. Submit an Event Listing Assistant/Associate Rector Washington, DC Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Director of Music Morristown, NJ An Evening with Aliya Cycon Playing the Oud: Crossing continents and cultures with the most beautiful instrument you’ve never heard Lancaster, PA (and streaming online) July 3 Youth Minister Lorton, VA Bishop Diocesan Springfield, IL Press Release Service Associate Priest for Pastoral Care New York, NY Assistant/Associate Priest Scottsdale, AZ The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Featured Events Rector Belleville, IL Associate Rector Columbus, GA Priest-in-Charge Lebanon, OH Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Posted Jun 9, 2015 Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector (FT or PT) Indian River, MI Rector Pittsburgh, PA An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Assistant/Associate Rector Morristown, NJ Rector Washington, DC Featured Jobs & Calls Curate (Associate & Priest-in-Charge) Traverse City, MI Curate Diocese of Nebraska Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector and Chaplain Eugene, OR Rector Tampa, FL TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Rector Albany, NY Course Director Jerusalem, Israel AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Cathedral Dean Boise, ID New Berrigan Book With Episcopal Roots Cascade Books Rector Smithfield, NC The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Priest Associate or Director of Adult Ministries Greenville, SC Rector Bath, NC Rector Collierville, TN Submit a Job Listing Rector/Priest in Charge (PT) Lisbon, ME Historical Society makes donation to Kenyan University Missioner for Disaster Resilience Sacramento, CA Rector Knoxville, TN Submit a Press Release Rector Hopkinsville, KY Associate Rector for Family Ministries Anchorage, AK Tags Family Ministry Coordinator Baton Rouge, LA Rector Shreveport, LA read more

Vincent Clerc late hit results in Julien Saubade injured for rest of season

first_imgThursday Nov 8, 2012 Vincent Clerc late hit results in Julien Saubade injured for rest of season Racing Metro’s injury crisis got worse this week with the news that wing Julien Saubade has been ruled out for the rest of the season after having twisted both his left knee an ankle. To add insult to injury, it happened in a late tackle on the final whistle. Toulouse beat Racing Metro 32-13 in their Top 14 game a week ago, and as the Paris based side went in search of a consolation try, Saubade was hit into touch by Clerc, without the ball.Unfortunately the impact of the blow was felt in the left leg and ankle of Saubade, which he twisted, as well as rupturing cruciate ligaments in his knee.The 29 year old could be out for up to eight months following the horrible injury, while France international Clerc will be playing against the Wallabies at the Stade de France this weekend.To his credit, he was seen attending to and apologising to Saubade after the game, and made an effort to console him as he was carried off on a stretcher.Saubade is the seventh Racing Metro playing to be ruled out for a long period, a list which includes fullback Benjamin Dambielle and fly-half Jonathan Wisniewski, who are both in lengthy layoffs for ruptured cruciate ligaments and a herniated disc respectively. Should Clerc have been punished for this, or is it just an unfortunate part of rugby?Credit: rencontresaxvADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Big Hits & Dirty Play Related Articles 25 WEEKS AGO Suspensions handed down after testicle grabbing… 26 WEEKS AGO The ‘double ruffle’ splits opinion with fans… 26 WEEKS AGO WATCH: The nastiest and most brutal moments… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Ten charities chosen to receive free promotional films

first_imgTen charities chosen to receive free promotional films The 10 charities are Barretstown, Chicken Shed Theatre Company, I CAN, The National Autistic Society/ASPIRE, NCH, The Prince’s Trust, Shelter, UK Youth, Whizz-Kidz, YouthNet UK.The film ideas range from dramatic shock tactics illustrating issues faced by young people to aspirational and optimistic portrayals of the successes that can be achieved. Sky will now develop their ideas into a three-minute promotional film for each charity produced by The Media Trust, which will be premiered on the Sky platform this summer.From the shortlist of 10, one charity will then be selected as Sky’s partner for the next three years in a new charity partnership to support young people. Ben Stimson, Head of Corporate Responsibility at BSkyB, said: “The final charity partnership will have a further value of at least £1 million pounds to the charity partner. We are looking for a charity that will generate innovative ideas such as employee fundraising, cause related marketing and further broadcast opportunities to ensure that the value actually far exceeds this.”Jane Mote of The Community Channel said: “There were some excellent and thoughtful film ideas submitted which will give the charities the chance to have their messages seen and heard on our UK-wide channel. The films will also provide a free fund-raising tool for the charities involved.” About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  18 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Digital broadcaster BSkyB has selected 10 charities for whom it will commission a free promotional film, as it hunts for one final overall charity partner.Sky’s Make It Big campaign has ended with 10 charities supporting young people being selected to gain free promotional exposure. The films that BSkyB makes will be aired on The Community Channel, the not-for-profit TV channel. The 10 charities were chosen from a total of 165 voluntary organisations which submitted their idea for a short film in the first phase of Sky’s Make It Big initiative, the broadcaster’s new approach to building a three-year partnership with one, or a consortium of, charities. Advertisement Howard Lake | 16 May 2004 | Newslast_img read more

Inspired Philanthropy: Your StepbyStep Guide to Creating a Giving Plan and Leaving a Legacy: Your Step by Step Guide to

first_imgInspired Philanthropy: Your StepbyStep Guide to Creating a Giving Plan and Leaving a Legacy: Your Step by Step Guide to AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 4 December 2007 | News  9 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving.last_img read more

Another kind of war: Unilateral economic sanctions damage Syria

first_imgFirst published in the German daily newspaper Junge Welt on Dec. 16. Translation by John Catalinotto.At the beginning of December, the Conference of Germany’s State Interior Ministers extended the ban on deportations to Syria without restrictions until at least June 2020. Originally, the interior ministers at their autumn meeting in Lübeck planned to relax the ban and allow deportations of serious criminals. During the conference, however, a gloomy picture of Syria was painted. The country “is anything but safe,” declared a church aid organization. There were “hardly any education or training opportunities and few prospects of finding work and earning an income.” The health system was “at rock bottom;”  there was not “enough intact housing.” A Nov. 20 report by the Foreign Office addressed to the conference stated that there were “no safe areas for returnees.” It stated that attacks by “the regime” were possible anywhere and at any time, with the exception of areas currently under Turkish or Kurdish control or controlled by the U.S.Contrary to what politicians and the media have described, however, the war has largely come to a standstill, except in Idlib and other areas in the north of the country. A different kind of war is now raging, however, due to the unilateral punitive economic measures of the European Union and an oil embargo by the U.S — an economic war.Willing to returnNevertheless, tens of thousands of people are still determined to return to Syria. They are coming from Turkey, Lebanon and Jordan, and Syrians now living in Europe also plan to return to their homeland. A report by the U.N. Refugee Agency (UNHCR) in October 2019 states that 75,501 refugees “spontaneously” returned between January and September of this year. It is likely this is a minimum estimate. For 2019, an “increase in self-organized returns” is expected, although this presents a challenge, the report says. The UNHCR is trying to help by repairing shelters and providing legal assistance, subsistence and education. “The growing demands for support for returnees,” however, required more commitment from all the involved parties.But the rich U.N. member states from Europe, the U.S. and the Gulf States are providing no support. The government in Damascus gets more and more isolated, and after all the war damage, now unilateral EU economic sanctions are destroying the Syrian economy. These sanctions were first imposed on Syria’s oil sector in 2011. Since then the sanctions have been repeatedly tightened and extended annually, most recently in May 2019 until June 1, 2020.Currently, 269 people and 69 institutions and companies are on the sanctions list. They are subject to a ban upon entering the European Union, and their personal assets in European banks have been frozen. The pretext for the sanctions is that these entities are responsible for violence and repression against the civilian population in Syria and benefit from “support for the regime and/or being associated with persons or institutions of the regime.”In addition to the entire Syrian government, military personnel, business people and their companies are on the list. These include Syrian Arab Airlines, the mobile phone provider Syriatel, the renowned daily newspaper Al-Watan, and all Syrian oil production companies and banks,  including the Central Bank. Even the Syrian tobacco and cotton marketing organizations are subject to sanctions because they are state institutions.Reconstruction made difficultThe unilateral punitive measures have a devastating effect, especially since they are linked to the U.S. oil embargo, which is also unilateral. In Aleppo, the businesspeople in the Chamber of Commerce and Industry are bound by the sanctions. They “prevent us from building our companies and creating jobs,” said a businessman in Aleppo in an interview with Junge Welt. Instead, Europe is sending aid organizations to Syria: “They give us bread, but no work. People become dependent instead of living in dignity. Every worker we would hire would be able to feed [their] family [themselves].”Only the U.N. Security Council has the authority to impose punitive measures on a country. Therefore, unilateral sanctions are contrary to international law. ldriss Jazairy, the U.N. Special Rapporteur in charge, has stated this legal concept time and again. The majority of the U.N. member states reject unilateral sanctions, but the rich Western states take the law into their own hands, he said, thus aggravating the danger of war internationally.On Nov. 21 the Second Committee on Economic and Financial Affairs at the United Nations addressed the question of the legality of unilateral sanctions. Sixteen draft resolutions were submitted and two were adopted. Among them was one calling on the “international community” to condemn unilateral economic, financial or trade sanctions because they prevent countries’ development. Punishments that are not authorized by U.N. bodies must be suspended. Such measures are incompatible with international law and contradict the basic principle of the multilateral economic system.The resolution was approved by 116 U.N. member states, while two states — the U.S and Israel — voted against it. Fifty-two states, among them all EU states, including Germany, abstained.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Islamic Republic World leader in impunity for murders of journalist

first_imgNews March 18, 2021 Find out more On the 18th anniversary of a wave of murders of journalists, intellectuals and other free speech advocates in Iran in the latter part of 1998, Reporters Without Borders (RSF) calls for the prosecution of both the perpetrators and instigators of these crimes, some of whom today hold senior government positions. News RSF_en June 9, 2021 Find out more News IranMiddle East – North Africa Condemning abuses Judicial harassmentImpunityViolenceFreedom of expression Follow the news on Iran Iran: Press freedom violations recounted in real time January 2020 Receive email alerts to go further Suppressing memoryThe Association of Iranian Writers* and relatives of the victims tried to hold a demonstration to mark the anniversary on 2 December but, as in previous years, it was dispersed by intelligence officials. Force was used to arrest several participants including Nasser Zarafshan, a lawyer who represents the families. They were freed a few hours later.The many journalists and intellectuals murdered in 1998 included Darioush Forouhar and his wife Parvaneh, both emblematic members of the liberal opposition, who were found stabbed to death in their Tehran home on 11 December 1998.They also included the journalists and writers Majid Charif, Mohamad Mokhtari and Mohammad Jafar Pouyandeh, who disappeared one by one from 25 November to 11 December 1998. Their bodies were found a few days later in a Tehran suburb. They were preceded by Pirouz Davani, the editor of the newspaper Pirouz, who disappeared in August 1998. His body was never found.The wave of murders triggered an outcry in Iran’s reformist media and widespread international condemnation, as a result of which the Iranian authorities set up a commission of enquiry into the deaths. In January 1999, the intelligence ministry formally acknowledged the involvement of some of its operatives and announced the arrest of dozens of suspects.Fifteen intelligence ministry agents were convicted in January 2001 for the murder of the Forouhars. Three were sentenced to death. The other 12 received prison sentences. Three other suspects were acquitted. The supreme court upheld the verdicts but in the end the maximum sentence, imposed on two of the defendants, was 15 years in prison.The families of the victims denounced the inadequacies of the investigation, which never named any instigators, and referred the affair to the United Nations Commission on Human Rights in November 2002.Protecting the instigatorsAlthough the involvement of high-level figures has been demonstrated, there has never been any political will to bring them to justice. The suspects include Mostafa Pourmohamadi (the current justice minister), Gholam-Hossein Mohseni Ejei (the judicial system’s current spokesman) and Ghorbanali Dorri-Najafabadi (the intelligence minister at the time of the murders and public prosecutor), but none has ever been questioned or arrested.Only around 15 intelligence ministry operatives were convicted and given sentences ranging from three to 12 years in prison. All are now free.The impunity prevents the human rights lawyers who represent the families from doing their job. In fact, the lawyers themselves have been persecuted. Nobel Peace laureate Shirin Ebadi had to leave the country. Mohammad Seifzadeh served a jail term. Abdolfatah Soltani is still serving one.One of the most emblematic of the lawyers, Nasser Zarafshan, who himself spent five years in jail from 2002 to 2006 on a charge of divulging evidence from a judicial investigation, told RSF he regarded the investigation into the 1998 murders as far from concluded.“This investigation has never been taken to its conclusion and important evidence has disappeared from the files during the proceedings in order to protect senior officials,” he said. “Journalists and writers needs security to do their work (…) These murders sent a clear message that they should shut up. The impunity for these murders is now the continuation of this message.”Parastou Forouhar, the artist and writer daughter of Darioush and Parvaneh Forouhar, has been hounded, subjected to judicial interrogations and psychological threats, and now lives in Germany. But she returns to Tehran every year to organize a commemorating event in her parents’ house, an event that the authorities always prevent from taking place.“Justice has not been rendered for all the victims of politically-motivated murders and all those who were killed because of their opinions, so these are dead people who have not been buried,” she said. “At the same time, there is no statute of limitations on these crimes.”Forouhar still expects a great deal from the Office of the United Nations Commissioner for Human Rights, which for the time being has just referred the families to the Iranian judicial system.There have been many other murders of journalists in Iran in which neither the perpetrators nor the instigators were ever questioned or arrested.The victims include Ebrahim Zalzadeh, who disappeared in March 1996 and whose body was found a month later with 15 stab wounds, Zahra Kazemi, a photographer who died in detention in 2003, Ayfer Serçe, a Kurdish reporter for the Firat news agency killed in 2006, Omidreza Mirsayafi, a young blogger who died in detention in 2009, journalist Alireza Eftekhari, who died on 15 June 2009 from a cerebral attack after being beaten, Haleh Sahabi, a journalist and women’s rights activist killed in June 2011, Hoda Saber, an Iran-e-Farda journalist who died in detention the same month, and Sattar Beheshti, a blogger who died in detention in 2012.Iran is ranked 169th out of 180 countries in RSF’s 2016 World Press Freedom Index.*The Association of Iranian Writers is Iran’s oldest civil society organization. It has always been banned both under the Shah and under the Islamic Revolution. IranMiddle East – North Africa Condemning abuses Judicial harassmentImpunityViolenceFreedom of expression Call for Iranian New Year pardons for Iran’s 21 imprisoned journalists December 7, 2016 – Updated on December 8, 2016 Islamic Republic World leader in impunity for murders of journalist Organisation Help by sharing this information News After Hengameh Shahidi’s pardon, RSF asks Supreme Leader to free all imprisoned journalists February 25, 2021 Find out morelast_img read more

Pub worker admits embezzlement thefts

first_imgTwitter Advertisement Linkedin NewsBreaking newsPub worker admits embezzlement theftsBy Staff Reporter – October 8, 2015 870 Facebook WhatsAppcenter_img Email Andrew [email protected] up for the weekly Limerick Post newsletter Sign Up A 44-year-old man has pleaded guilty to the embezzlement of almost €40,000 from a Limerick pub during an eight month cheque theft spree.Kieran O’Halloran of Keelgrove, Ardnacrusha Co. Clare pleaded guilty to 15 counts of theft from the companies attached to Russell’s Bar on Fr Russell Road, Dooradoyle on dates unknown between September 1, 2008 and April 30, 2009.Before Judge Tom O’Donnell at Limerick Circuit Court, Mr O’Halloran admitted the 15 thefts relating to Bank of Ireland cheques drawn on the accounts of two companies, Mullally Taverns and Racefield Catering Limited.A total of €39,191.67 was stolen over the eight month period from O’Halloran who was previously employed by the companies directors. Kieran O’Halloran wrote the cheques to himself of varying amounts from €1,600 to €3,500.Judge Tom O’Donnell remanded the 44-year-old on his own continuing bail until to December 18 next for the full facts of the case to be heard and sentence to be passed. Print Previous articleFive grow houses raided in a year in County LimerickNext articleSoccer – Limerick FC’s Russell says players deserve better Staff Reporterhttp://www.limerickpost.ielast_img read more

ECISD job fair today

first_img Pinterest Twitter ECISD job fair today WhatsApp Facebook A Texas ranger walks outside the ambulance entrance at Medical Center Hospital after three sheriff deputies were shot in the line of duty Monday night in North Odessa. Ector County ISD will have a teacher, paraprofessional and auxiliary job fair today at George H.W. Bush New Tech Odessa, 300 E. 29th St.The district has openings for positions ranging from teachers to bus drivers.From 2 p.m. to 4 p.m., the focus of the fair will be for teachers. The hours of 4 p.m. to 7 p.m. are set aside for paraprofessionals and auxiliary positions to talk to principals and supervisors.The number for human resources is 432-456-0999. Twitter Facebook Local NewsEducation Previous articleSon +1 Battle in the BasinNext articleCounty sales tax going to vote again admin Pinterest WhatsApp By admin – June 14, 2018 last_img read more

₹1.51 Lakh Crore GST Compensation Due To States; GDP Contraction, Lockdown, Etc., Reasons For Revenue Shortfall: Centre Tells Lok Sabha

first_imgNews Updates₹1.51 Lakh Crore GST Compensation Due To States; GDP Contraction, Lockdown, Etc., Reasons For Revenue Shortfall: Centre Tells Lok Sabha LIVELAW NEWS NETWORK15 Sep 2020 12:22 AMShare This – xThe GST compensation due to states stands at over ₹1.51 lakh crore, said the Union Ministry of Finance on Monday in the Lok Sabha.The Ministry said that the nominal GDP for Q1 (April-June), 2020-21 shows a contraction of 22.6% which is one of the major reasons for the revenue shortfall in GST.”The BE estimates for FY 2020-21 of GST in the Union Budget, 2020-21 were projected on the basis…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe GST compensation due to states stands at over ₹1.51 lakh crore, said the Union Ministry of Finance on Monday in the Lok Sabha.The Ministry said that the nominal GDP for Q1 (April-June), 2020-21 shows a contraction of 22.6% which is one of the major reasons for the revenue shortfall in GST.”The BE estimates for FY 2020-21 of GST in the Union Budget, 2020-21 were projected on the basis of assumption of higher growth of GDP, however as per CSO, MoS&PI press release [on 31st August, 2020], the Nominal GDP for Q1 (April-June), 2020-21 shows a contraction of 22.6% which is one of the major reason for revenue shortfall in GST”, the Ministry said in a reply to an unstarred question raised by S Jothimani, Congress MP from Tamil Nadu .”Other reasons for low tax collection inter-alia include nationwide lockdown measures implemented since March 2020 consequent to global Covid-19 pandemic which led to limited economic activities, extension of GST return filings timelines without payment of interest, late fee or penalty etc”, said Anurag Thakur, Minister of State for Finance and Corporate Affairs in the reply.The Finance Ministry gives details of the provisional GST compensation due to states for the FY [email protected] #GST— Live Law (@LiveLawIndia) September 15, 2020 The provisional GST compensation due to states/UTs for 2020-21 was highest for Maharashtra at ₹22,485 crore, followed by Karnataka (₹13,763 crore), Uttar Pradesh (₹11,742 crore), Gujarat (₹11,563 crore) and Tamil Nadu (₹11,269 crore). The compensation due to West Bengal stands at ₹7,750 crore, Kerala (₹7,077 crore), Punjab (₹6,959 crore), Delhi (₹6,931 crore), Rajasthan (₹6,312 crore), Telangana (₹5,424 crore) and Chhattisgarh (₹2,827 crore).Mr. Thakur gave this data in reply to another unstarred question raised by several MPs on the GST shortfall.As per provisions in Section 7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States shall be calculated and released at the end of every two months’ period, for 5 years. The Minister informed that admissible GST compensation for the period April, 2019 to March, 2020 has been released to all States/ UTs . Due to short GST Compensation Cess collection in the current financial year, GST compensation is yet to be paid for the period April-July, 2020, he added.”The average gross GST collection in the FY 2020-21 has shown declining trend as compared to the previous Financial Year. This may be attributed to the COVID Pandemic induced Lockdown and relief measures extended to the taxpayers by the Government by way of waiving the interest, late fee and extending the return filing dates”, he said.The Minister said the issue of pending compensation and future course of action to meet the shortfall was discussed in the 41st GST Council meeting on August 27 wherein states were given two options to meet their GST compensation shortfall for current fiscal year from market borrowing.”It was also decided that states will give their preference views thereon. Thereafter on finalisation of scheme, states can choose either Option 1 or Option 2 and accordingly, their compensation, borrowing, repayment etc will be dealt as per their individual choice,” he added.The states’ GST revenue shortfall is estimated to be staggering ₹2.35 lakh, of which the Centre calculates about ₹97,000 crore on account of GST implementation and the rest ₹1.38 lakh crore due to the impact of COVID-19 and lockdown.The Centre late last month gave two options to states to borrow either ₹97,000 crore from a special window facilitated by the RBI or ₹2.35 lakh crore from market and also proposed extending the compensation cess levied on luxury, demerit and sin goods beyond 2022 to repay the borrowing.Click here to download the first reply of the Ministry of Finance n GST shortfallClick here to download the second reply of the Ministry of Finance on GST compensationRead the replies of Ministry of Finance on GST short fall Next Storylast_img read more