With BJP-led NDA government certain to come back to power at the Centre, the Finance Ministry has accelerated the pace of finalising the broad contours of the Union Budget 2018-19, official sources here said on Thursday.
Mumbai: The Indian rupee Friday rallied 49 paise to close at 69.53 against the US dollar in line with a massive surge in domestic equities following a decisive mandate for Narendra Modi's BJP in the general elections. On weekly basis, the Indian currency gained 70 paise helped by a host of domestic and global factors like stable political outlook with NDA government's return, sustained fund inflows, lower crude oil prices and strengthening Asian currencies.
Arun Jaitley on Friday tried to quell speculation that he might not return as finance minister in the next Narendra Modi-led government
NEW DELHI: With the major event risk of election out of the way, analysts on Dalal Street have started speculating on what measures the government may unveil in its first 100 days of the second term.
With the outcome of elections now known and Narendra Modi – led National Democratic Alliance (NDA) firmly back in the driver’s seat, focus has shifted back to the health of the economy and other fundamental factors.
Total goods and services tax (GST) collections during the financial year (FY) 2018-19 was Rs 11.8 lakh crore, with a monthly average of Rs 98,114 crore. Average collection for FY 2018-19 was 9.2 percent higher than the collections made during FY 2017-18, wherein the average collection was Rs 89,885 crore a month.