Hong Kong – Public Transport Fare Subsidy Scheme monthly threshold relaxation further extended and monthly subsidy cap increased till December 31

Public Transport Fare Subsidy Scheme monthly threshold relaxation further extended and monthly subsidy cap increased till December 31

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     The Transport Department (TD) today (March 30) reminded members of the public that the temporary measure to relax the monthly transport expenses threshold of the Public Transport Fare Subsidy Scheme from $400 to $200 will be extended till December 31, and the monthly subsidy cap will also be temporarily increased from $400 to $500 from April 1 to December 31.
           
     To allow more commuters to benefit from the Scheme during the epidemic, the Government has implemented a special measure to temporarily relax the monthly threshold of the Scheme from $400 to $200 from July 2020 to June this year. The Government has decided to extend the aforementioned special measure for another six months till end of this year, and temporarily increase the monthly subsidy cap from $400 to $500 from April to end of this year. In other words, during the period from April 1 to December 31, the Government will provide a subsidy amounting to one-third of the actual public transport expenses in excess of $200, subject to a maximum of $500 per month for each Octopus.
 
     The TD reminded commuters that they can collect the subsidy of the previous month from the 16th of each month. The subsidy for each month is valid for collection within the next three months.
   
     For details of the Scheme, please visit the website (www.ptfss.gov.hk). Commuters can also check their record of public transport expenses and subsidy amount through the Octopus App or the Scheme hotline 2969 5500.

Monthly Review of Accounts of Union Government of India upto the month of January, 2021 for the Financial Year 2020-21

The Monthly Account of the Union Government of India upto the month of January, 2021 has been consolidated and reports published.

The highlights are given below:-

The Government of India has received ₹12,83,314 crore (80% of corresponding RE 2020-21 of Total Receipts) upto January, 2021 comprising of ₹ 11,01,855 crore Tax Revenue (Net to Centre), ₹1,41,104 crore of Non Tax Revenue and ₹40,355 crore of Non Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans (₹15,804 crore) and Disinvestment proceeds (₹24,551crore).

₹4,08,873 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto January, 2021.

Total Expenditure incurred by Government of India is ₹25,17,318 crore (73% of corresponding RE 2020-21), out of which ₹21,55,210 crore is on Revenue Account and ₹3,62,108 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹5,19,597 crore is on account of Interest Payments and ₹2,52,656 crore is on account of Major Subsidies.