The Things You Should Know

  As per the data released by Ministry of Statistics & Programme Implementation, India's retail inflation for the month of March rises to   6.95 percent (Base 2012 = 100)  from previous month's 6.07 percent.  Inflation in rural area is recorded at  7.66  percent  against previous month's  6.38  percent   and in urban area CPI (Consumer Price Index) is recorded at  6.12  percent  against previous month's  5.75  percent . Stay tuned for more updates. Feel free to comment. This blog is now on  Telegam . For reports on Economics, Current Affairs and more, subscribe this blog on  Telegam .

Ministry of Finance has released the data of gross GST revenue collection for the month of January on 31st of January.  The gross GST revenue collected in the month of January 2022 is  ₹ 1,38,394 crore   of which CGST is   ₹ 24,674 crore , SGST is   ₹ 32,016 crore , IGST is   ₹ 72,030 crore   (including ₹ 35,181 crore collected on import of goods) and Cess is   ₹ 9,674 crore   (including ₹ 517 crore collected on import of goods). The government has settled  ₹   29,726 crore to CGST and   ₹   24,180 crore to SGST from IGST as regular settlement. In addition, Centre has also settled  ₹   35,000 crore of IGST on ad-hoc basis in the ratio of 50:50 between Centre and States/UTs in this month. The total revenue of Centre and the States in the month of January 2022 after regular and ad-hoc settlements is   ₹   71,900 crore for CGST and   ₹   73,696 crore for the SGST. Centre also released GST co...

As per the data released by Ministry of Statistics & Programme Implementation, India's retail inflation for the month of December rises to   5.59 percent (Base 2012 = 100)  from previous month's 4.91 percent.  Inflation in rural area is recorded at  5.36  percent  against previous month's  4.29  percent   and in urban area CPI (Consumer Price Index) is recorded at  5.83  percent  against previous month's  5.54  percent . Stay tuned for more updates. Feel free to comment. This blog is now on  Telegam . For reports on Economics, Current Affairs and more, subscribe this blog on  Telegam . You may also like to Read: NITI Aayog Releases National Multidimensional Poverty Index | Kerala having least poor population and Bihar poorest in MPI http://politoeconomy.blogspot.com/2021/11/niti-aayog-releases-national.html Wholesale Inflation rises to 14.23% in November | Remains in double digit for the 8th straigh...

Ministry of Finance has released the data of gross GST revenue collection for the month of December on 1st of January.  The gross GST revenue collected in the month of December 2021 is  ₹ 1,29,780 crore   of which CGST is   ₹ 22,578 crore , SGST is   ₹ 28,658 crore , IGST is   ₹ 69,155 crore   (including ₹ 37,527 crore collected on import of goods) and Cess is   ₹ 9,389 crore   (including ₹ 614 crore collected on import of goods). The government has settled ₹25,568 crore to CGST and ₹ 21,102 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of November 2021 is ₹ 48,146 crore for CGST and ₹ 49,760 crore for the SGST. The revenues for the month of   Decem ber 2021 are 13% higher  than the GST revenues in the same month last year and 26% over December 2019. During the month, revenues from import of goods was 36% higher and the revenues from domestic transact...

As per the data released by Ministry of Statistics & Programme Implementation. India's retail inflation for the month of November rises to   4.91 percent (Base 2012 = 100)  from previous month's 4.48 percent.  Inflation in rural area is recorded at  4.29  percent  against previous month's  4.07  percent   and in urban area CPI (Consumer Price Index) is recorded at  5.54  percent  against previous month's  5.04  percent . Stay tuned for more updates. Feel free to comment. This blog is now on  Telegam . For reports on Economics, Current Affairs and more, subscribe this blog on  Telegam . You may also like to Read: NITI Aayog Releases National Multidimensional Poverty Index | Kerala having least poor population and Bihar poorest in MPI http://politoeconomy.blogspot.com/2021/11/niti-aayog-releases-national.html Wholesale Inflation rises to 14.23% in November | Remains in double digit for the 8th straigh...

As per the data released by Ministry of Commerce and Industry t he annual rate of inflation, based on monthly WPI (Wholesale Price Index), stood at  14.23%  (provisional) for the month of November, 2021 (over November, 2020) as compared to 2.29% in November 2020.  The high rate of inflation in November 2021 is primarily due to rise in prices of mineral oils, basic metals, crude petroleum & natural gas, chemicals and chemical products, food products etc. as compared to the corresponding month of the previous year. Month over Month Change in Major Groups of WPI: Primary Articles (weight 22.62%): -  The index for this major group increased by (5.57%) to 168.6 (provisional) in November, 2021 from 159.7 (provisional) for the month of October, 2021. Prices of Crude Petroleum & Natural Gas (12.24%), Minerals (5.96%), Food Articles (5.81%) and Non-food Articles (2.15%) increased in November, 2021 as compared to October, 2021. Fuel & Power (weight 13.15 %): -The i...

  Ministry of Finance has released the data of gross GST revenue collection for the month of November on 1st of December.  The gross GST revenue collected in the month of November 2021 is  ₹ 1,30,526 crore   of which CGST is   ₹ 23,978 crore , SGST is   ₹ 31,127 crore , IGST is   ₹ 66,815 crore   (including ₹ 32,165 crore collected on import of goods) and Cess is   ₹ 9,606 crore   (including ₹ 653 crore collected on import of goods). The government has settled ₹27,273 crore to CGST and ₹ 22,655 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of November 2021 is ₹ 51,251 crore for CGST and ₹ 53,782 crore for the SGST. Centre has released ₹ 17,000 crore to States/UTs towards GST compensation on 03.11.2021. The revenues for the month of Novem ber 2021 are 25% higher  than the GST revenues in the same month last year and 27% over 2019-20. During the month, ...

The NITI (National Institute for Transforming India) Aayog   on 27th November released data on 'National Multidimensional Poverty Index'. As per the data, Kerala is having least percentage of multidimensionally poor population that is the 0.71% of its population while 51.91% population of Bihar is multidimensionally poor. Top 5 states having least poor population includes, Kerala, Goa, Sikkim, Tamil Nadu and Punjab. While bottom 5 states are Bihar, Jharkhand, Uttar Pradesh, Madhya Pradesh and Meghalaya. As per the PIB release, t his report is based on the National Family Health Survey 4 (NFHS-4), which was conducted between 2015 and 2016, and developed by the NITI Aayog in consultation with 12 ministries and in partnership with state governments and the index publishing agencies, namely, Oxford University’s Oxford Poverty and Human Development Initiative (OPHI) and United Nations Development Programme (UNDP).   How it is calculated? India’s national MPI (Multidimensional Pover...

  As per the data released by Ministry of Statistics & Programme Implementation. India's retail inflation for the month of October rises to   4.48 percent (Base 2012 = 100)  from previous month's 4.35 percent.  Inflation in rural area is recorded at 4.07  percent  against previous month's 4.13  percent   and in urban area CPI (Consumer Price Index) is recorded at 5.04  percent  against previous month's  4.57  percent . Stay tuned for more updates. Feel free to comment. This blog is now on  Telegam . For reports on Economics, Current Affairs and more, subscribe this blog on  Telegam .

Ministry of Finance has released the data of gross GST revenue collection for the month of October on 1st of November.  The gross GST revenue collected in the month of October 2021 is  ₹ 1,30,127 crore   of which CGST is   ₹ 23,861 crore , SGST is   ₹ 30,421 crore , IGST is   ₹ 67,361 crore   (including ₹ 32,998 crore collected on import of goods) and Cess is   ₹ 8,484 crore   (including ₹ 699 crore collected on import of goods). The government has settled ₹27,310 crore to CGST and ₹ 22,394 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of October 2021 is ₹ 51,171 crore for CGST and ₹ 52,815 crore for the SGST. The revenues for the month of  October 2021 are 24% higher  than the GST revenues in the same month last year and 36% over 2019-20. During the month, revenues from import of goods was 39% higher and the revenues from domestic transaction (includ...