The Things You Should Know

  As per the data released by Ministry of Statistics & Programme Implementation. India's retail inflation for the month of April declines to   4.29 percent (Base 2012 = 100)  from previous month's 5.52 percent.  Inflation in rural area is recorded at  3.82  percent  against previous month's  4.61  percent   and in urban area CPI (Consumer Price Index) is recorded at 4.77  percent  against previous month's  6.52  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: Index of Industrial Production Data | March 2021 http://politoeconomy.blogspot.com/2021/05/index-of-industrial-production-data.html March Retail Inflation at 5.52% http://politoeconomy.blogspot.com/2021/05/march-retail-inflation-at-552.html GST Gross Revenue Collection | April 2021 htt...

As per the data released by Ministry of Statistic and Program Implementation, t he Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of March 2021 stands at 143.4 , which is   22.4 percent higher  as compared to the level in the month of March 2020.  The cumulative growth for the period April-March  2020-21  over the corresponding period of the previous year stands at  -8.6  percent . The growth rates for the Mining, Manufacturing and Electricity sectors for the month of March  2021  stand at 6.1  percent , 25.8  percent  and 22.5  percent  as compared to March  2020 . The cumulative growth in these three sectors during April-March   2020-21  over the corresponding period of previous year has been  -7.8 percent ,  -9.8  percent   and  -0.5 percent  respectively. As per Use-based classification, the growth rates in March  2021...

Ministry of Finance has released the data of gross GST revenue collection for the month of April on 1st of May.  The gross GST revenue collected in the month of April , 2021 is  ₹ 1,41,384  crore  of which CGST is  ₹ 27,837  crore , SGST is  ₹ 35,621  crore , IGST is  ₹ 68,481   crore  (including  ₹ 29,599  crore  collected on import of goods) and Cess is  ₹9,445 crore  (including  ₹ 981  crore  collected on import of goods). The government has settled  ₹ 29,185 crore  to CGST and  ₹ 22,756 crore  to SGST from IGST as regular settlement.  The total revenue of Centre and the States after regular and ad-hoc settlements in the month of April’ 2021 is Rs. 57,022 crore for CGST and Rs. 58,377 crore for the SGST. The revenues for the month of April 2021 are 14 % higher  than the GST revenues in the last month of March’2021. During the month, the revenues from dom...

As per the data released by Ministry of Statistic and Program Implementation, t he Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of February 2021 stands at 129.4 , which is   3.6 percent   lower  as compared to the level in the month of February 2020.  The cumulative growth for the period April-February  2020-21  over the corresponding period of the previous year stands at  -11.3  percent . The growth rates for the Mining, Manufacturing and Electricity sectors for the month of  February 2021  stand at  -5.5  percent ,  -3.7  percent  and  0.1  percent  as compared to  February 2020 . The cumulative growth in these three sectors during April- February  2020-21  over the corresponding period of previous year has been  -9.6 percent ,  -12.6  percent  and  -2.4 percent  respectively. As per Use-based classificat...

  As per the data released by Ministry of Statistics & Programme Implementation. India's retail inflation for the month of March rises to   5.52 percent (Base 2012 = 100)  from previous month's 5.03 percent.  Inflation in rural area is recorded at 4.61  percent  against previous month's 4.19  percent   and in urban area CPI (Consumer Price Index) is recorded at  6.52 percent  against previous month's 5.96  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 .