Tag: India Finance
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GST Revenue FY26 to Exceed Budget Estimates, SBI Research Says
Overview: SBI Research’s View on FY26 GST Collections Indian tax authorities are anticipated to collect more GST revenue in Financial Year 2026 (FY26) than what the budget originally projected. SBI Research has highlighted that even after accounting for the typical gains and losses across states due to policy changes, compliance shifts, and economic cycles, the…
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3-Hour Cheque Clearance: RBI and Banks Roll Out Cheques
What is changing with 3-Hour Cheque Clearance? India’s cheque processing landscape is evolving. The Reserve Bank of India (RBI) has introduced a 3-hour cheque clearance framework, aiming to convert cheque deposits into available cash within a few hours rather than the traditional 24- to 48-hour window. This shift could significantly improve cash flow for individuals…