GST collections: Tamil Nadu & Karnataka keep up with their impressive performance in South https://ift.tt/1ordU9h Andhra Pradesh recorded a single digit growth year-on-year in two of the four months this fiscal year, including July. In May, it managed to equal the national average growth rate of 11%. Out of four months, Kerala exceeded the national average in June and equalled it in May. In April and July, the coastal state fell below the national average, compared to the same period last year.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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