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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...

  Tuhin Kanta Pandey, Chairperson, SEBI, in conversation with Nikunj Dalmia of ET Now. Pandey says stricter regulations may not eliminate fraud. Greed can lead to misconduct even under surveillance. Overregulation to prevent a few cases can cause type II errors. This hinders business operations. Avoiding type I errors, where risky activities are allowed due to lack of regulation, is important. However, excessive surveillance leading to tighter rules is not the Solution I must put it on record that one of the big reasons why Indian markets are trading at a premium to global markets is thanks to the efficient regulator we have, I mean that is a hidden premium and which always is captured in the PE multiples of the Indian stock market. Thank you for this regulatory framework that we have. You are open to expansion of the market, which means more and more products, more and more intra-products would be there. Are we looking at the derivative market in India expanding?Tuhin Kanta Pandey...

Mumbai: Bond purchases by the Reserve Bank of India (RBI) to help infuse liquidity into the system via open market operations (OMO) is likely to eclipse such measures through the Covid period.Institutions expect cumulative purchases via OMO of at least ?4 lakh crore in FY26 would be needed for policy rate transmission to take effect.This would imply that bond purchases by RBI could surpass the ?6.4 lakh crore seen during the covid period between FY20 and FY23.RBI governor Sanjay Malhotra said in his post policy press conference that measures would be taken to take system liquidity to 1% on NDTL which analyst say will be required for transmission of policy rate to lending rate to take place.With the current liquidity infusion by RBI, system liquidity turned positive from late March and the daily average surplus in April stood at ?1.5 lakh crore, or 0.6% of NDTL, according to a report by IDFC First Bank.A large section of bank loan borrowers are yet to see the benefit from the RBIs two c...

  Gross GST collection in March grew 9.9 per cent to over Rs 1.96 lakh crore, government data showed on Tuesday. GST revenue from domestic transactions rose 8.8 per cent to Rs 1.49 lakh crore, while revenue from imported goods was higher 13.56 per cent to Rs 46,919 crore. Total refunds during March rose 41 per cent to Rs 19,615 crore. After adjusting refunds, net GST revenue stood at over Rs 1.76 lakh crore in March 2025, a 7.3 per cent growth over the year-ago period.       - Business Standard 02 th March, 2025

  Bengaluru-based shared office space provider IndiQube has got approval from markets regulator Securities and Exchange Board of India (Sebi) to raise Rs 850 crore through an initial public offer. Led by co-founders Rishi Das and Meghna Agarwal, the company is among a slew of co-working players that are charting out funding plans through public listings amid a rise in flex space leasing, with corporates increasingly pushing employees to work from offices. According to the draft red herring prospectus (DRHP) filed in December 2024, IndiQube's proposed IPO includes a fresh issue of equity shares worth Rs 750 crore and an offer for sale (OFS) of Rs 100 crore. Of the amount it plans to raise, Rs 426.6 crore will go towards capital expenditure, Rs 100 crore for debt repayment or prepayment, and the remainder for general corporate purposes. ICICI Securities Limited and JM Financial Limited are the book running lead managers for the offering. Backed by venture capital firm WestBridge Capi...