Indian gov't says record goods and services tax collected in April

STORY: Indian gov't says record goods and services tax collected in April SHOOTING TIME: May 1, 2024 DATELINE: May 2, 2024 LENGTH: 00:01:29 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market areas 3. various of containers STORYLINE: India's finance ministry Wednesday said a record 25.16 billion U.S. dollars were collected as gross goods and services tax (GST) in April. "This represents a significant 12.4 percent year-on-year growth, driven by a strong increase in domestic transactions (up 13.4 percent) and imports (up 8.3 percent)," the ministry said in a statement. After accounting for refunds, the net GST revenue for April 2024 stands at 1.92 trillion rupees (23 billion dollars), reflecting an impressive 15.5 percent growth compared to the same period last year, it said. According to the ministry, it is the first time the GST collections breached a landmark milestone of 2 trillion rupees (23.9 billion dollars). Xinhua News Agency correspondents repo

New Zealand's annual food prices up 12.5 pct, hitting 36-year high

STORY: New Zealand's annual food prices up 12.5 pct, hitting 36-year high DATELINE: May 11, 2023 LENGTH: 00:01:16 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of street views of Wellington 2. various of supermarkets STORYLINE: New Zealand's food prices in April 2023 were 12.5 percent higher than they were in April 2022, hitting a 36-year high, according to figures released by the statistics department Stats NZ on Thursday. "The 12.5 percent increase in April 2023 was the largest since September 1987 which included the introduction of GST (goods and services tax) in 1986," Stats NZ consumer prices manager James Mitchell said. The increase was due to rises across all the broad food categories Stats NZ measures. Compared with April 2022, grocery food prices increased by 14 percent, and fruit and vegetable prices increased by 22.5 percent. Increasing prices for barn or cage-raised eggs, potato chips, and six-pack yogurt were the largest drivers within grocery food," Mitchell said, adding thes

India collects record high monthly tax in April

STORY: India collects record high monthly tax in April DATELINE: May 2, 2023 LENGTH: 0:01:33 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of the markets 4. various of traffic STORYLINE: Indian government's revenue through gross Goods and Services Tax (GST) collected in a single month touched the highest ever figure of 1.87 trillion Indian Rupees (22.88 billion U.S. dollars) in April, announced the federal Ministry of Finance on Monday. The federal government introduced the GST regime in July 2017. The tax revenues for the Indian government for April were 12 percent higher year on year. It was also the first time that GST collections had crossed the 1.75 trillion India Rupees mark. According to the federal finance ministry, the highest GST collected on a single day was 682.28 billion Indian Rupees (8.34 billion U.S. dollars) on April 20 through as many as 980,000 transactions, added the statement. Xinhua News Agency correspondents reporting from New Delhi. (

AUSTRALIA-CANBERRA-INFLATION-RISE

AUSTRALIA-CANBERRA-INFLATION-RISE

(220727) -- CANBERRA, July 27, 2022 (Xinhua) -- Photo taken on July 27, 2022 shows a view of a petrol station in Canberra, Australia. Australia has recorded its highest rate of inflation in more than 20 years, with consumers paying more for everything. According to data released by the Australian Bureau of Statistics (ABS) on Wednesday, the Consumer Price Index rose by 1.8 percent in the June quarter and 6.1 percent over the last 12 months. It is the highest figure since 2001 and the second-highest quarterly increase since the Goods and Services Tax (GST) was introduced in 2000. (Photo by Chu Chen/Xinhua)

AUSTRALIA-CANBERRA-INFLATION-RISE

AUSTRALIA-CANBERRA-INFLATION-RISE

(220727) -- CANBERRA, July 27, 2022 (Xinhua) -- People buy vegetables and fruits in a supermarket in Canberra, Australia, July 27, 2022. Australia has recorded its highest rate of inflation in more than 20 years, with consumers paying more for everything. According to data released by the Australian Bureau of Statistics (ABS) on Wednesday, the Consumer Price Index rose by 1.8 percent in the June quarter and 6.1 percent over the last 12 months. It is the highest figure since 2001 and the second-highest quarterly increase since the Goods and Services Tax (GST) was introduced in 2000. (Photo by Chu Chen/Xinhua)

17.6 billion USD taxes collected in India in February: gov't data

STORY: 17.6 billion USD taxes collected in India in February: gov't data DATELINE: March 2, 2022 LENGTH: 00:01:29 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of landmarks in New Delhi 2. various of market 3. various of street views STORYLINE: The gross revenue collected in the form of taxes in India during February stood at 1.3 trillion Indian Rupees (around 17.6 billion U.S. dollars), 18 percent higher than those collected in the same month last year and 26 percent higher than in February 2020, said the federal Ministry of Finance on Tuesday. During the month, revenues (Goods and Services Taxes, or GST) from the import of goods was 38 percent higher, and the revenues from the domestic transaction (including import of services) were 12 percent higher than the revenues from these sources during the same month last year. The ministry's statement said, "This high growth during February 2022 should also be seen in the context of partial lockdowns, weekend and night curfews and various restrict