India's GDP outlook ‘bright’; 6.5% growth expected in FY24: FinMin
FinMin says it remains “comfortable” with a 6.5% real GDP growth estimate for FY24, with symmetric risks; forecast aligns with RBI’s GDP estimates
finance ministry
September 2023
August 2023
July 2023
There is no distress: Finance Ministry on drop in household savings
Households added net financial assets of ₹22.8 lakh crore in 2020-21, nearly ₹17 lakh crore in FY22 and ₹13.8 lakh crore in FY23.
GST revenue jumps 11% to ₹1.59 lakh cr in August
Govt's GST collection in August declines from ₹1,65,105 crore in July 2023
Elevated inflation challenges macro stability: FinMin
It may be noted that headline retail inflation in the economy spiked to 7.4% in July 2023, with specific food commodities mainly driving the increase.
Inflationary pressures to remain high in coming months: FinMin
In July 2023, though growth prospects have been strong, inflationary pressures have "re-emerged", says the finance ministry in the latest monthly economic review
PSBs’ net loans write-off dips to ₹84,000 cr in FY23: FinMin
Net write-off loans by private sector banks was ₹73,803 crore in FY 2022-23
GST sees large number of cases being filed for input tax evasion: Finance Ministry
₹2,68,537 crore worth of evasion of GST has been found between 2020-21 and 2022-23
RBI, govt continue to maintain ‘guarded’ approach amidst rising food inflation: FinMin
The report comes amidst soaring prices of vegetables and fruits in the past few weeks, owing to supply-chain constraints and weather-related disruptions.
July GST up 11% YoY at ₹1,65,105 cr
During the month, the revenues from domestic transactions (including import of services) are 15% higher than the revenues from these sources during the same month last year
Working on increasing BHIM market share in UPI: FinMin
On foreign players are dominating indigenous innovations like UPI, govt says UPI provides open, level-playing architecture
