BHUBANESWAR l MONDAY l AUGUST 31, 2020 l `7.00 l PAGES 28 l LATE CITY EDITION ` REFUND UPI CHARGES TAKEN SINCE JAN 1: CBDT TO BANKS I-T dept on Sunday asked banks to refund charges collected on transactions carried out through RuPay cards or BHIM-UPI PRESCRIBED ELECTRONIC MODES According to Section 269SU in the Finance Act 2019, businesses having sales/turnover/gross receipts of more than `50 crore must provide facilities for accepting payments through prescribed electronic modes. In December 2019, debit cards powered by RuPay, BHIM-UPI and UPI QR Code were notified as prescribed electronic modes ■ 1.5 billion VIOLATORS TO BE PENALISED ■ The CBDT said it has received representations that some banks are collecting charges on transactions carried out through UPI It asked banks not to levy such charges in future, warning that such violations are a breach of Section 10A of the Payment and Settlement Systems Act and Sec 269SU of the Income Tax Act NUMBER OF TRANSACTIONS CLOCKED BY UPI-BASED PAYMENT SYSTEM IN JULY CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOGGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI 14.5 lakh people affected in floods Chief Minister Naveen Patnaik to make an aerial survey of the flood affected areas today New fiscal deficit forecast @ 7% shows economic sinkhole is getting deeper EXPRESS NEWS SERVICE EXPRESS NEWS SERVICE Flood impact @ Bhubaneswar ODISHA Government on Sunday said about 14.5 lakh people in 3,256 villages of 20 districts were affected by the floods even as crops over at least 1.68 lakh hectare were devastated. The administration also had to evacuate over 20,000 people to flood shelters from vulnerable areas. Even as NDRF, State disaster force and fire fighters launched a massive rescue and relief operation, over 2.65 lakh people in 340 villages remained marooned. As per preliminary assessment, as many as 10,382 houses have been damaged in the flood and death toll stands at 17. Chief Minister Naveen Patnaik is likely to make an aerial survey of the flood affected areas on Monday morning and review the situation later. Chief Secretary Asit Tripathy, who reviewed the flood situation, said that the peak flow at Mundali barrage near Cuttack will continue till Monday morning. While Mahanadi river sys- HIGHESTEVER TESTS IN A DAY 10.5 lakh + COVID tests conducted across India in the last 24 hours, which is a record Population: 14.5 lakh Districts : 20 (3,256 villages) Crop damage: 1.68 lakh hectare Roads: 107 roads in 11 districts Breaches: 32 river embankments A family holds on to each other as it makes its way through chest-high flood water at Gadamatipada Nuasahi near Kanas in Puri district on Sunday | IRFANA tem began to surge into villages today and is expected to inflict further damage, it was Brahmani, Baitarani, Budhabalanga and Subarnarekha which caused much stress in coastal districts of Jajpur, Bhadrak, Kendrapara among others. However, these rivers are receding. Impact of Mahanadi would be clear when the current peak flow of 10.2 lakh cusec will hit more districts in the deltaic zone. Chief Secretary Asit Tripathy said the Government is 4.14 crore tests in all so far across India keeping a watch on Kendrapara, Jagatsinghpur, Puri and Cuttack districts. “It is assuring that water flow will not increase any further though the current discharge is likely to sustain till tomorrow,” he said. Even with a 7 lakh cusec discharge at Mundali, Special Relief Commissioner (SRC) PK Jena said, Mahanadi triggers flood in its two tributaries Daya and Bhargabi which submerged villages in Kanasa and Delang blocks in Puri district Deployed: 14 units of NDRF, 17 teams of ODRAF and 119 teams of Fire Service causing two breaches in embankments. The repair of the breaches will be taken up immediately after flood water recedes, he said. Villages in Athagarh, Banki and Tigiria blocks of Cuttack district were inundated as flood waters from Mahanadi entered low lying areas. Anshupa lake, a major tourist destination in Banki block of the district, has been completely submerged under floodwater from river MahaP5 nadi. 7,65,302 Active cases at present, which is 21.60% of all cases 30,044 tests per million 27,13,933 Discharged so far, which works up to 76.61% of all cases population each day in India now 63,498 Deaths in all, 948 of them in the last 24 hours (1.79%) I P7 @ New Delhi GIVEN the bleak revenue collection scenario amid Covid-19 induced economic disruption and higher expenses to boot, the Central government’s fiscal deficit is set to widen to 7% in the current financial year, says a new report. This is double the government’s target for FY21. The situation could be exacerbated by the fact that states have been allowed to borrow more to make up for the shortfall in GST revenue. The consolidated fiscal deficit of the Centre and states “could reach 12% of the GDP”, warns the report by Brickwork Ratings. Fiscal deficit is the difference between the government’s total income and total expenditure. The government is facing a double whammy. On the one hand, the nationwide lockdown imposed to arrest the spread of the coronavirus has badly hit revenue collection. On the other, expenditure shot up, taking deficit to record levels of over `6.62 lakh crore in the April-June quarter, which was 83.2% of the target for the whole financial year. Fiscal deficit had already WHAT THE REPORT SAYS Govt may face fund shortage to fulfil the budgeted expenditure This could cause a huge cut in capital expenditure as well as centrally sponsored schemes reached a seven-year high at 4.6% of the GDP in 2019-20. Going forward, the numbers don’t look promising, as GST shortfall is expected at `3 lakh crore while borrowing could be higher than expected. “Our baseline estimate is that the fiscal deficit will surge to `13 lakh crore in FY2021 from the budgeted level of `8 lakh crore,” says Aditi Nayar, principal economist at ICRA. The latest report by the International Monetary Fund pegs India’s fiscal deficit at 7.4% of the GDP in 2020. Earlier this month, India Ratings had forecast the fiscal deficit of the Centre and state governments will be 12.1%. Emkay Global Financial Services pegs fiscal deficit to rise to over 6.8% of the GDP. INSIDE Twin City to have 300 more ICU beds Odisha logs one lakh cases Bhubaneswar: Amidst a surge in Covid-19 cases, the Health and Family Welfare department is all set to add 200 ICU beds in both the cities and set up a 500-bed hospital with 100-bed ICU facility in Cuttack | P2 US Open began with a virus scare after French tennis player Benoit Paire tested positive on Sunday. This will be the second Grand Slam of the year after Wimbledon and French Open were cancelled due to pandemic I P11 Bhubaneswar: With 3,014 more individuals testing positive in last 24 hours, the Covid-19 tally breached one lakh mark in the State in 167 days. The State had reported the first case on March 15 | P2 WITH THIS ISSUE THE ESSENTIAL CAMPUS DIGEST 28 PAGES, INCLUDING 16 OF EDEX (TABLOID) YOUR LIFE COACH
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