11th March 2023 ENGLISH TNPSC CURRENT AFFAIRS PDF TNPSC SHOUTERS
Li Qiang became the new Prime Minister of China
- Li Keqiang was the Prime Minister of China. However, he was seen with high hopes for liberal reforms when he took office in 2013. But Chinese President Xi Jinping curbed his powers and began to marginalize him.
- In this situation, he bid farewell yesterday for the last time as the Prime Minister of the country. He resigned from the Standing Committee of the Communist Party last October, ahead of retirement age.
- In this context, Shanghai party secretary Li Qiang (63) has been elected as the country's new president. Before that, Chinese President Xi Jinping appointed him to the post of Prime Minister today. Subsequently, he has been selected as the new Prime Minister. Li Qiang joined the status board last October.
- The Prime Minister, Mr. Narendra Modi, addressed a post-Budget webinar on Prime Minister's Artisans Skill Development Programme. This is the last of the 12 post-budget webinars organized by the central government to get ideas and suggestions for effective implementation of the initiatives announced in the 2023 central budget.
- Addressing the seminar, the Prime Minister said that post-budget talks have been going on for the past three years. He expressed happiness that everyone participated constructively in these discussions.
- He noted that instead of discussing the formulation of the budget, they discussed the best ways to implement it. The Prime Minister also mentioned that post-Budget online discussions are a new chapter.
- Provisional figures on direct tax collections for the financial year 2022-23 till March 10 have continued to register steady growth. Total direct tax collection up to March 10, collection Rs. 16.68 lakh crore which is 22.58% higher than the total collections of the same period last year.
- This collection is 96.67% of the total budget estimates. This is 83.19% of the total revised estimates of direct taxes for the financial year 2022-23.
- In terms of the growth rate of Corporate Income Tax (CIT) and Personal Income Tax (PIT) in terms of total revenue collection, the growth rate of CIT is 18.08% and the growth rate of PIT (including STD) is 27.57%.
- After adjusting for refunds, the net growth in CIT collections is 13.62% and in BID collections is 20.73% (BID only)/ 20.06% (BID including STD). From April 1, 2022 to March 10, 2023, Rs.2.95 lakh crore has been given back through refund. This is 59.44% higher than the same period last year.
