GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September
In a positive sign for the Indian economy, the Goods and Services Tax (GST) collections for September 2023 increased by 6.5% year-on-year, totaling ₹1.73 lakh crore. This marks a rise from ₹1.63 lakh crore collected in September of the previous year. The net GST collection after refunds stood at ₹1.53 lakh crore, showing a growth of 4% compared to ₹1.47 lakh crore in September 2022. So far this fiscal year, the government has recorded a gross GST revenue of ₹10.87 lakh cro
GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September
In a positive sign for the Indian economy, the Goods and Services Tax (GST) collections for September 2023 increased by 6.5% year-on-year, totaling ₹1.73 lakh crore. This marks a rise from ₹1.63 lakh crore collected in September of the previous year. The net GST collection after refunds stood at ₹1.53 lakh crore, showing a growth of 4% compared to ₹1.47 lakh crore in September 2022. So far this fiscal year, the government has recorded a gross GST revenue of ₹10.87 lakh cro
Pakistan Faces "Transitional Pain" as IMF Approves $7 Billion Relief Package
On Thursday, Pakistan's government announced that it would need to endure "transitional pain" following the International Monetary Fund's (IMF) approval of a new $7 billion relief package aimed at stabilizing its faltering economy. While the nation's economy has shown signs of stabilization since narrowly avoiding default last summer, it remains heavily reliant on IMF bailouts and support from friendly countries to manage its substantial debt, which consumes nearly half
Pakistan Faces "Transitional Pain" as IMF Approves $7 Billion Relief Package
On Thursday, Pakistan's government announced that it would need to endure "transitional pain" following the International Monetary Fund's (IMF) approval of a new $7 billion relief package aimed at stabilizing its faltering economy. While the nation's economy has shown signs of stabilization since narrowly avoiding default last summer, it remains heavily reliant on IMF bailouts and support from friendly countries to manage its substantial debt, which consumes nearly half
China Unveils Bold Monetary Stimulus to Revive Economy Amid Slow Growth Concerns
In response to growing concerns over slowing economic growth, the People's Bank of China (PBOC) has announced a comprehensive package of monetary stimulus measures. This initiative underscores the government's urgency to stabilize the economy and regain investor confidence, especially as the country risks missing its annual growth target of around 5%. Key elements of the package include a reduction in the seven-day reverse repurchase rate to 1.5% and a cut in the reserve req
China Unveils Bold Monetary Stimulus to Revive Economy Amid Slow Growth Concerns
In response to growing concerns over slowing economic growth, the People's Bank of China (PBOC) has announced a comprehensive package of monetary stimulus measures. This initiative underscores the government's urgency to stabilize the economy and regain investor confidence, especially as the country risks missing its annual growth target of around 5%. Key elements of the package include a reduction in the seven-day reverse repurchase rate to 1.5% and a cut in the reserve req
India Clinches Fifth Asian Champions Trophy Hockey Title with 1-0 Win Over China
Title and Overview: Defending champions India achieved a hard-fought 1-0 victory over hosts China to clinch their fifth Asian Champions Trophy title. The final, held amidst intense competition, saw India’s perseverance and strategic play ultimately lead them to triumph. Match Highlights: Despite a challenging match where India struggled to penetrate the Chinese defense in the first three quarters, the breakthrough c
India Clinches Fifth Asian Champions Trophy Hockey Title with 1-0 Win Over China
Title and Overview: Defending champions India achieved a hard-fought 1-0 victory over hosts China to clinch their fifth Asian Champions Trophy title. The final, held amidst intense competition, saw India’s perseverance and strategic play ultimately lead them to triumph. Match Highlights: Despite a challenging match where India struggled to penetrate the Chinese defense in the first three quarters, the breakthrough c
S Jaishankar Reports 75% Progress on India-China Disengagement, Talks Continue
External Affairs Minister S. Jaishankar has provided an update on the ongoing disengagement process between India and China, revealing that approximately 75% of the boundary issues have been resolved. Speaking in Geneva at the Global Centre for Security Policy, Jaishankar highlighted the progress made but also pointed out the persistent challenges, notably the increasing militarization of the frontier. Jaishankar discussed the lasting impact of the Galwan Valley clashes in June 2020
S Jaishankar Reports 75% Progress on India-China Disengagement, Talks Continue
External Affairs Minister S. Jaishankar has provided an update on the ongoing disengagement process between India and China, revealing that approximately 75% of the boundary issues have been resolved. Speaking in Geneva at the Global Centre for Security Policy, Jaishankar highlighted the progress made but also pointed out the persistent challenges, notably the increasing militarization of the frontier. Jaishankar discussed the lasting impact of the Galwan Valley clashes in June 2020
India Poised to Overtake China in MSCI Emerging Markets Index, Fueling Continued Stock Market Rally: Morgan Stanley Analysis
India is set to become a dominant force in the MSCI emerging markets index, potentially surpassing China in influence. As of August, India’s weightage in the index rose to 19.8%, narrowing the gap with China’s 24.2%. This increase, from 9.2% in December 2020, highlights India's growing appeal to foreign investors. Morgan Stanley's latest analysis notes that this shift could lead to more foreign capital inflows, enhancing India’s stock market performance further.
India Poised to Overtake China in MSCI Emerging Markets Index, Fueling Continued Stock Market Rally: Morgan Stanley Analysis
India is set to become a dominant force in the MSCI emerging markets index, potentially surpassing China in influence. As of August, India’s weightage in the index rose to 19.8%, narrowing the gap with China’s 24.2%. This increase, from 9.2% in December 2020, highlights India's growing appeal to foreign investors. Morgan Stanley's latest analysis notes that this shift could lead to more foreign capital inflows, enhancing India’s stock market performance further.









