Tag: Ministry of Finance

Business

India’s GST Collections Double in Five Years, Touch Record ₹22.8 Lakh Crore in FY 2024–25

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India’s gross GST collections have doubled in just five years, reaching a historic high of ₹22.8 lakh crore in FY 2024–25, compared to ₹11.37 lakh crore in 2020–21. The average monthly GST collection now stands at ₹1.84 lakh crore, reflecting robust economic activity and improved compliance.

Business

Indian Funds in Swiss Banks Tripled in 2024, Surging to ₹37,600 Crore

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Indian deposits in Swiss banks jumped more than threefold in 2024 to ₹37,600 crore, according to Swiss National Bank data. However, less than 10% belongs to individuals — the surge is largely driven by corporate, institutional, and fiduciary holdings, not black money.