💰GST Collections Hit ₹2 Lakh Cr
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🗞️ ADB Commits $10B to Urban India
The Asian Development Bank (ADB) has committed $10 billion to transform urban infrastructure in India between 2025–2029. The funding will support smart cities, climate-resilient infrastructure, and inclusive urban development.
💬 Expert Take:
“This is a monumental move that aligns with India's urbanisation goals. Expect significant upgrades in infrastructure and services across tier-1 and tier-2 cities.”
— Anuradha Iyer, Urban Policy Analyst
🗞️ GST Collections Hit ₹2 Lakh Cr in May
GST revenues surged 16.4% YoY to ₹2.01 lakh crore in May 2025 — the second-highest ever. Higher consumption and improved compliance are major contributors.
💬 Expert Take:
“This strong tax performance shows India’s consumption story is intact. It’s a green flag for fiscal stability and investor confidence.”
— Ritesh Kumar, Tax & Policy Expert
🗞️ ₹81,735 Cr Tax Devolution to States
The Centre approved ₹81,735 crore in additional tax devolution for states, providing timely fiscal support ahead of monsoon and infrastructure-heavy quarters.
🗞️ Singapore Tops India’s FDI List Again
Singapore continued to be India’s largest source of FDI for the 7th consecutive year, underlining sustained global confidence in Indian markets.
🗞️ Canara Bank Scraps Minimum Balance Rule
Canara Bank has eliminated the minimum balance requirement for savings accounts, aiming for deeper financial inclusion and differentiation from other PSU banks.
🗞️ Shapoorji Group Bags $3.4B Global Credit Deal
The Shapoorji Pallonji Group secured a $3.4 billion deal led by Deutsche Bank — its largest credit raise to date — supporting global infrastructure and real estate plays.
🗞️ Tier-2 Housing: Value Up Despite Sales Dip
Housing sales in tier-2 cities fell 8% in Q1 2025, but transaction value rose 6%, suggesting demand for bigger or premium homes even in smaller markets.
🗞️ 10 IPOs Lined Up This Week
IPO activity remains hot with 10 listings expected this week, including Leela Hotels and Scoda Tubes, reflecting buoyant investor appetite.