April Gross GST Collection Hits Record High, Rises Nearly 9% To Rs 2.43 Lakh Crore
India's gross GST collections rose 8.7% year-on-year to Rs 2.43 lakh crore in April, the highest monthly figure on record. Strong collections signal healthy consumer demand and improved tax compliance, easing fiscal pressure on the government. This is the first major revenue read of the new financial year.
2mo ago · 1 min · Economy
NSO To Conduct India's First National Household Income Survey: All You Need To Know
India's National Statistical Office will conduct the country's first National Household Income Survey, covering approximately 4.5 lakh households through a structured sampling framework. The survey fills a longstanding gap in India's official statistics, where income data has historically been inferred from consumption
2mo ago · 1 min · Policy & Government
Cash handouts to women voters reshape India's state elections
Cash transfer schemes targeting women voters have emerged as a dominant electoral strategy across multiple Indian states, with parties competing to offer monthly direct payments to female constituents. The trend pressures state budgets and signals a structural shift in how parties build electoral coalitions. Fiscal
2mo ago · 1 min · Policy & Government
The $39 trillion national debt could break the all-important U.S. bond market, sparking a ‘vicious’ emergency, former Treasury secretary warns
Former Treasury Secretary Lawrence Summers warned that the $39 trillion U.S. national debt risks triggering a 'vicious' breakdown in the Treasury bond market. A disruption there would transmit instantly across global borrowing costs, collateral markets, and sovereign debt pricing. Auction demand at long-end Treasury
2mo ago · 1 min · Markets
IMF Sees Global Government Debt Matching Annual Output in 2029, a Year Earlier Than Expected
The IMF has revised its global sovereign debt forecast, now projecting government debt will equal 100 percent of world GDP by 2029, one full year earlier than previously expected. The acceleration raises refinancing risk and borrowing cost pressure for governments across major economies. The revised threshold will
2mo ago · 1 min · Economy
Is Iran’s economy buckling under war pressure or holding up?
Iran's war-period economy faces compounding damage from sanctions and active conflict, with oil revenues serving as the primary stabilizing force. The rial, foreign investment access, and banking connectivity remain structurally weakened, limiting recovery capacity. The durability of the oil cushion under rising milita
2mo ago · 1 min · Global Affairs
What are the costs of population decline?
India's demographic divide is converting fertility differences between northern and southern states into compounding fiscal and political pressures. Aging southern states face rising dependency costs and a potential loss of parliamentary seats under post-2026 delimitation, penalizing states that met national fertility
2mo ago · 1 min · Policy & Government
Malaysia’s fuel subsidy bill to swell to $2.26 billion in April due to Iran war
Malaysia's fuel subsidy bill is set to hit 10.6 billion ringgit ($2.26 billion) in April, roughly ten times the pre-Iran war level, as the conflict pushes global energy prices sharply higher. The spike exposes the fiscal vulnerability of administered fuel pricing systems, where rising international benchmarks automatic
2mo ago · 1 min · Economy
‘Thank you, Mr. Tariff!’: The US just posted a massive 55% deficit cut, Trump calls it the ‘biggest drop in history’
The US federal deficit posted a 55% decline in a recent period, with President Trump crediting tariff revenue and calling it the largest such drop in history. The claim reframes tariffs as a fiscal revenue mechanism, not just a trade policy lever. Independent verification of the period covered and revenue composition r
2mo ago · 1 min · Policy & Government