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Government Increases GST Revenue Target for January-February

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jan 18, 2020 8:05 AM 1 min read

Government increases GST revenue target for January-February. India's forex reserves inch by $58m to record high of $461.21bn.



Government increases GST revenue target for January-February. 

I See You and Raise You: The Government has raised GST collection targets for January and February by 10,000cr ($1,410m) by checking fraudulent input tax credit claims.


Higher revenue might provide the government with some relief on the fiscal deficit front, which has already exceeded budget estimate of over ₹7L cr ($98.7bn) and with lower than expected revenue from tax as well as from disinvestment.


There has been no change for the March target. Hindu BusinessLine


India's forex reserves inch by $58m to record high of $461.21bn.

Stop Only At The Summit: India’s foreign exchange reserves rose by $58m to reach a life-time high of $461.21bn in the week to January 10, according to the RBI data.


Good to Know: India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India''s reserve position with the International Monetary Fund (IMF). Outlook


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