The Goods and Services Tax
collections for September came in at Rs 1.17 lakh crore, compared with Rs
1.12 lakh crore in August, the Finance Ministry said on October 1.
This takes the total GST
collection for the first half of fiscal year 2021-22 (April-September) to
Rs 6.82 lakh crore. This is the third consecutive month that GST
collections are above the Rs 1 lakh crore mark, indicating that economic
recovery post the second wave of the Covid-19 is well underway.
GST collections had been
consistently well above the Rs 1 lakh crore mark from October 2020 to May
2021. However, it slipped to Rs 92,849 crore in June, reflecting the
economic disruption caused by the second wave.
Foreign portfolio investors
(FPIs) were net buyers for the second month in a row in the Indian market
with an investment of Rs 26,517 crore in September. As per depositories'
data, FPIs pumped in Rs 13,154 crore into equities and Rs 13,363 crore in
the debt segment during September 1-30.
The total net investment stood
at Rs 26,517 crore. This comes after an investment of Rs 16,459 crore by
FPIs in August.
CPI inflation has come down to
4.35 % Earlier it was 5.30 %
This gives RBI more room to
keep interest rates low
The fall in headline retail
inflation was primarily on the back of a sharp cooling in food inflation.
Consumer Food Price Inflation (CFPI) for September stood at 0.68 percent
in September, compared with 3.11 percent in August.
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