Month: January 2026

GST collections rise 6.1% in December net revenue 12-month low

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GST collections rise 6.1% in December net revenue 12-month low

GST refunds in December increased by nearly 31% to ₹28,980 crore, according to official data. File | Photo Credit: Getty Images/iStockphoto The Goods and Services Tax (GST) collections rose 6.1% year-on-year to ₹1.74 lakh crore in December 2025, marking a three-month high, official data showed. However, a sharp increase in refunds resulted in net revenues slumping…

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Rupee falls 10 paise to close at 89.98 against U.S. dollar

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Rupee falls 10 paise to close at 89.98 against U.S. dollar

Image used for representative purpose only. | Photo Credit: Reuters The rupee depreciated 10 paise to close at 89.98 (provisional) against the U.S. dollar on Thursday (January 1, 2026), the first trading session of 2026, as sustained foreign fund outflows and a negative trend in domestic equities dented investor sentiments. Forex traders said the USD/INR…

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