India’s gross GST collections rose by 9.1% year-on-year in February, reaching ₹1.83 lakh crore, reflecting an economic rebound. Domestic transactions surged by 10.2% to ₹1.41 lakh crore, while growth from imports moderated to 5.4%. Experts foresee further increases in GST collections ahead.
RBI governor supports independence of central bank
Governor Malhotra praised US Fed Chair Jerome Powell’s efforts to uphold the central bank’s independence amidst political pressure. Malhotra highlighted Powell’s commitment to this principle,