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GST revenues reach 1.68 lakh cr in Feb, fourth-highest monthly collections

GST revenues grow 12.5 pc to ₹1.68 lakh cr in Feb, 4th highest since rollout.

In February, GST revenues hit <span class='webrupee'>₹</span>1.68 lakh cr, marking the fourth-highest monthly collections.(HT_PRINT)
Updated on Mar 01, 2024 08:39 PM IST

Pakistan hikes prices of petrol to 275.62, diesel to 287.33 Pak rupees

Pakistan's finance ministry announced on X that the price of petrol had been increased by 2.73 rupees to 275.62 rupees, effective from February 16.

The government also increased the price of high speed diesel by 8.37 rupees to 287.33 Pakistani rupees, the post said. (Representational Image)(Reuters)
Published on Feb 16, 2024 01:38 AM IST
Reuters |

Centre cuts duty on components used to make mobile phones

India's finance ministry has reduced customs duty on certain goods used in mobile phone manufacturing from 15% to 10%, a move expected to lower device prices slightly. The reduction applies to components such as SIM sockets, screws, battery covers, and GSM antennas. Customs duty on other parts including resin, mesh, adhesive, and sponge has been cut to zero. The move aims to boost the country's mobile hardware industry and eliminate duty inversions caused by recent free trade agreements. The exact implementation date for the lower duty has not been specified.

Noida, India - June 07, 2021: Factory workers at a mobile manufacturing unit seen at work on Day 1 of Covid-19 lockdown relaxations in the district, in Noida, India, on Monday, June 07, 2021. (Photo by Sunil Ghosh / Hindustan Times)
Updated on Feb 01, 2024 07:18 AM IST
By, New Delhi

GST collections soar by 10 per cent to 1.72 lakh crore in January: Govt

The government has settled ₹43,552 crore to CGST and ₹37,257 crore to SGST from the IGST collection, the ministry statement added.

It is the second highest monthly collection ever and marks the third month in this financial year with collection of <span class='webrupee'>₹</span>1.70 lakh crore or more
Updated on Jan 31, 2024 08:05 PM IST

Govt appoints 3 full-time, 1 part-time members of the 16th Finance Commission

State Bank of India (SBI) group chief economic advisor Soumya Kanti Ghosh has been appointed as a part-time member

The Sixteenth Finance Commission has been requested to make its recommendations available by October, 31, 2025, covering an award period of 5 years commencing 1st April, 2026. (HT file photo)
Published on Jan 31, 2024 11:16 AM IST
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