GST Collections Climb to ₹1.83L Cr
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🗞️ 98.44% of Withdrawn ₹2000 Notes Returned: RBI
The RBI reported that 98.44% of the withdrawn ₹2000 banknotes have been returned to the banking system.
The high return rate signals effective currency management and minimal long-term liquidity disruption.
💬 Expert Take — “The near-complete return of ₹2000 notes indicates strong formalisation of cash flows and confidence in the banking system.”
🗞️ GST Collections Rise 8.1% to ₹1.83 Lakh Crore
India’s GST collections grew 8.1% year-on-year to ₹1.83 lakh crore in February.
The steady rise reflects sustained economic activity and improving tax compliance.
🗞️ Sitharaman Meets AIIB President, Seeks Expanded Investment
Finance Minister Nirmala Sitharaman met AIIB President Zou Jiayi and called for greater investment support for low-income countries.
The discussion highlighted India’s emphasis on inclusive development financing.
🗞️ Private Sector Net Profit Jumps 52% in Q3 FY26
According to RBI data, private sector companies recorded a 52% rise in net profit in Q3 FY26.
The sharp increase points to strong operating leverage and improved margins across sectors.
💬 Expert Take — “Robust profit growth strengthens the earnings cycle narrative, providing structural support to equity markets.”
🗞️ Rupee Opens Lower Against US Dollar
The rupee opened weaker against the US dollar amid global currency volatility.
Currency movements remain sensitive to oil prices and foreign capital flows.
🗞️ Coal India Holds 115 MT Stock Ahead of Summer Demand
Coal India reported stock levels of 115 million tonnes and expressed confidence in meeting peak summer demand.
The buffer stock strengthens India’s energy security during high consumption months.
🗞️ Middle East Conflict Could Impact Oil, Exports
The ongoing Iran–Israel conflict may raise oil prices and affect exports such as rice and textiles.
Escalating tensions could widen trade deficits and increase inflationary pressures.
📊 Market Update
📉 Sensex: 80,238.85 ▼ 1,048.34 pts (–1.29%)
📉 Nifty 50: 24,865.70 ▼ 312.95 pts (–1.24%)
🪙 Gold (per gram): 24K ₹17,051 ▼ ₹258 | 22K ₹15,630 ▼ ₹235
🥈 Silver (per kg): ₹3,15,000 ▲ ₹20,000