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  India’s gross Goods and Services Tax (GST) collection for May 2025 stood at Rs 2.01 lakh crore, registering a 16.4 per cent increase over the Rs 1.72 lakh crore collected in May 2024, data released by the Ministry of Finance showed Sunday.In April 2025, India's GST collections had surged by 12.6 per cent to an all-time high of Rs 2.37 lakh crore.The year-on-year growth was driven by a 25.2 per cent increase in GST collected from imports and a 13.7 per cent rise from domestic transactions. Gross GST revenue from imports stood at Rs 51,266 crore, while domestic sources contributed Rs 1,49,785 crore.For May, gross GST revenue reached Rs 4.37 lakh crore, reflecting a 14.3 per cent rise compared to Rs 3.83 lakh crore collected in the same period last year.After refunds, the net GST revenue for May stood at Rs 1,73,841 crore, up 20.4% compared to Rs 1,44,381 crore collected in May 2024. Total refunds during the month stood at Rs 27,210 crore, down 4% year-on-year.In the Budget, the gov...

  The Indian rupee is emerging Asia’s worst performer this quarter and may continue to lag peers as the central bank aims to avert a depletion in its foreign-exchange reserves, according to analysts. Having already pledged to sell billions of dollars via derivatives contracts at various points in the future, the Reserve Bank of India is expected to buy up sizeable amounts of the US currency to prevent its holdings from running down. Those purchases are seen putting pressure on the rupee.The central bank had dollar repayments of about $73 billion as of April as indicated by its net short forwards position, a measure of the amount of greenback it has agreed to sell at a future date, according to the central bank’s latest data. It has narrowed from an all-time high of $88.8 billion in February.The potential dollar purchases may lead to the rupee falling to 86.50 per dollar by end-December, according to IDFC First Bank Ltd. The currency is likely to weaken to 87.50 per dollar, accordin...

  As we approach the middle of 2025, the global bond market is flashing mixed signals. While the U.S. Federal Reserve remains cautious, waiting for clearer signs before making any moves, bond yields in major markets like Japan and the UK are climbing. Japan's super-long bond yields have reached multi-decade highs, stirring concern over long-term fiscal pressure. Meanwhile, the European Central Bank is expected to cut rates again in early June, bringing its deposit rate to 2% — but may pause soon after, hinting that the easy money cycle is nearing its end. In contrast, India’s fixed-income markets are offering something rare these days: Stability.Domestic Data Offers Comfort,Fresh GDP data released on 30 May 2025 confirms India’s economic resilience. Growth for the January–March quarter came in at a strong 7.4%, lifting the full-year FY25 number to 6.5%. That keeps India firmly in the lead among the world’s major economies.Inflation, too, is cooperating. Retail inflation (CPI) dropp...