Times of India | 2 weeks ago | 22-11-2022 | 08:20 am
Chennai: Revenue to state governments through stamp duty (SD) and registration charges (RC) reached 94,847 crore in H1 FY23, a substantial spike by 35% over the corresponding half year of last financial year at 70,120 crore.Maharashtra, Uttar Pradesh and Tamil Nadu led the country in the cumulative revenue collection with the three states alone accounting for more than 40% of the total income generated. The surge in revenue is attributed largely to the revival of residential real estate post-Covid with property consultants indicating sale of housing units have shot up across metros and housing finance companies underscoring that the demand for home loans in tier 2 and 3 cities and towns having spiralled in the past two quarters of this fiscal. A study by Motilal Oswal Financial Services Limited released on Monday said, Maharashtra has the highest collection of state revenue from SD and RC at 18,600 crore, contributing 20% of the overall revenue generated under the component in the country during the April-September (H1) period of FY23. It is followed by Uttar Pradesh in second position and Tamil Nadu in third at 12,390 crore and 8,660 crore, respectively. The revenue of top 10 states with the highest SD and RC rose anywhere between 25% and 65% in the half year of this fiscal when compared with the income in the previous year (2021-22). The study considered the revenue of 27 states and Union territory of Jammu and Kashmir.Last financial year, these states collectively generated revenue of over 1.7 lakh crore with the identical trend of Maharashtra, Uttar Pradesh, Tamil Nadu, Karnataka and Telangana positioned in the top five ranks mirroring in the H1 of FY23, as well. SD and RC are an important source of revenue for the state governments since they are one of the few income avenues that is still outside the purview of GST. Nikhil Gupta, chief economist, Motilal Oswal Financial Services said, “The residential real estate sector has performed superbly over the past 18-24 months. Most of the incentives such as stamp duty reduction, lower interest rates or lower prices have disappeared over the past six months. It is, thus, very likely that the sector may see some headwinds in the coming quarters.” S Sridharan, chairman (urban development and housing), Credai-National said, the country is witnessing an increase in demand for housing plots than the pre-Covid times. “The unsold inventory of housing units has reduced, reflecting on the revival of the real estate sector,” he added.
Thane: Union minister of state for health Bharati Pawar on Monday lashed out at the erstwhile Maha Vikas Aghadi (MVA) government and alleged that irregularities were committed during the Covid-19 pandemic in some parts of the state. Pawar was in Thane to discuss preparations for the Group of 20 (G20) programmes and plans during the next one year as India holds the year-long presidency of G20. She said that during this period several programmes will be organised in different states, cities and towns of India. She also said that the country under the leadership of Prime Minister Narendra Modi did exemplary work during the Covid pandemic which has been well appreciated all over the world. “Our standards and approach on handling Covid-19 have been followed by some countries,” she said, adding that PM Modi personally monitored the situation. However, in Maharashtra, she said, there were certain lapses during the MVA period. With regards to the outbreak of measles in Mumbai, she said that the Centre had sent a task force and work was being carried out as per its suggestions. —Nishikant Karlikar
XBB – a combination of Omicron sub variants – is replacing the BA.2.75 variant of Covid infection in the state, Maharashtra health department officials have said. The severity of the disease as well as the speed of transmission, however, has not increased, they added. Covid-19 cases have reduced from 471 to 193 across Maharashtra in the last two weeks, according to officials.XBB is a combination of Omicron sub variants and, in a statement, the World Health Organisation (WHO) had noted that it did not appear to be more severe than other Omicron sub variants. However, WHO had said that there was early evidence that XBB poses a higher reinfection risk as compared to other sublineages.“On reviewing data from the last two weeks (November 21 to November 27 and November 28 to December 4), weekly new cases of Covid-19 have reduced from 471 to 293 (37.79 per cent),” Dr Pradeep Awate, Maharashtra surveillance officer, said.Until now, a total of 186 patients of XBB variant have been found in cities like Mumbai (72), Pune (77), Thane (26), Nagpur and Kolhapur (three each), Bhandara (two), and Akola, Amaravati and Raigad (one each).Weekly Covid positivity in Maharashtra has reduced from 0.55 to 0.46 per cent. Weekly positivity in Pune, Kolhapur, Jalna, Buldhana and Aurangabad districts is more than 1 per cent. There has been a steady decrease in the number of patients getting hospitalised and needing ICU care, officials said. Out of the total new cases in the week, 3.41 per cent had been admitted in ICUs.
PUNE: Covid-19's impact on routine health screenings has led to a drastic drop in the number of reported HIV-TB co-infections and TB deaths in the state. Both diseases share an insidious link. TB is a serious threat to human health, but the disease gets particularly worse in those living with HIV. People living with HIV are also at increased risk of contracting TB. And studies have shown that, worldwide, TB is among the leading causes of deaths among those living with HIV. Experts said the fall in cases is evidence that screenings were severely hit during the two years of Covid waves and it's now likely the state may have missed thousands of HIV-TB patients. According to data, over 8,000 cases of HIV-TB co-infections were reported in 2019. This fell to 5,700 in 2020 and 6,200 the following year. Similarly, reported TB deaths dropped from over 8,700 in 2019 to 5,700 in 2021. Before Covid, through 2017-2019, the state was reporting a steady rise in TB-linked deaths - from 5,339 in 2017 to the 8,739 in 2019. Quoting the global TB report released in October this year, Dr Soumya Swaminathan, the WHO's chief scientist, said: "The reported fall in reporting of TB cases and deaths could be attributed to the reduced surveillance in the past two years. We need to aggressively start looking out for TB cases and begin treatment to prevent the spread of the infection. Prior to Covid, TB was the largest killer among infectious diseases. Governments across the world must undertake special drives to identify, treat and medicate patients." It's not all worrying, though. There has been some progress against HIV-TB coinfection, said Dr Raman Gangakhedkar, former chief of the ICMR. "The incidence of HIV-TB co-infection is low due to multiple efforts taken through these years. And due to better treatment, cases of multi-drug resistant TB and HIV have also reduced," he said. State officials said now that Covid has slowed, TB checks are being stepped up. "Special drives that were launched in September this year helped us many detect cases," said Dr Ramji Adkekar, joint director, state health services (TB and Leprosy), Maharashtra.
NEW DELHI: India reported a single-day rise of 279 new Covid-19 cases, which pushed its tally of the infection to 4,46,72,347, while the count of active cases has declined to 4,855, according to Union Health Ministry data updated on Wednesday. The death toll due to the disease has climbed to 5,30,620 with five fatalities being recorded, including two deaths reconciled by Kerala, the data updated at 8 am stated. The three fresh fatalities reported were from Himachal Pradesh, Kerala and Maharashtra. Active cases now comprise 0.01 per cent of the total infections, while the national COVID-19 recovery rate has increased to 98.80 per cent, according to the ministry. A decrease of 127 cases has been recorded in the active caseload in a span of 24 hours, the data showed. The number of people who have recuperated from the disease has surged to 4,41,36,872, while the case fatality rate was recorded at 1.19 per cent, it stated. According to the ministry's website, 219.92 crore doses of vaccines have been administered in the country so far under the nationwide COVID-19 vaccination drive. India's COVID-19 infection tally had crossed the 20-lakh mark on August 7, 2020, 30 lakh on August 23, 40 lakh on September 5, 50 lakh on September 16, 60 lakh on September 28, 70 lakh on October 11, 80 lakh on October 29, 90 lakh on November 20 and the one-crore mark on December 19, 2020. The country crossed the grim milestones of two crore cases on May 4, 2021, three crore on June 23, 2021, and four crore on January 25 this year.
MUMBAI: Mumbai Metro One has extended train operations by an hour in the morning to cater to increased number of passengers on the Versova-Andheri-Ghatkopar corridors.With this increase in timing, Mumbai Metro One's operational timings are back to pre-Covid schedule. Mumbai Metro One spokesperson said, "Now, the first train will depart at 5:30 am from Versova and Ghatkopar. The last train from Versova will depart at 11:20 pm and from Ghatkopar at 11:45 pm." The daily trips on weekdays will go up to 380 from 366. Before Covid-induced restrictions, Metro One used to operate about 400 services. Earlier, the first train used to depart from Andheri and Ghatkopar at 6:30 am. The spokesperson said, "Service frequency will remain the same at less than 4 minutes during peak hours and 5-8 minutes during off-peak hours." The current weekday ridership is 3.80 lakh but still short of pre-Covid figure of 4.5 lakh. MMOPL in a survey found that the main reason behind the decline was the hybrid model adopted by most offices wherein employees don't have to go to office every day.