GST Collections Reach Rs 1.96 Lakh Crore in March 2025
India’s GST collections witnessed a robust 9.9% year-on-year (YoY) growth in March 2025, totaling Rs 1.96 lakh crore. Domestic transaction revenue rose by 8.8% to Rs 1.49 lakh crore, while collections from imported goods grew by 13.56%, reaching Rs 46,919 crore. Refunds in March surged by 41% to Rs 19,615 crore, highlighting improved tax administration. The rise in collections reflects consistent economic activity and enhanced compliance efforts, showcasing India’s fiscal strength. These figures emphasize the nation’s positive economic trajectory amid global uncertainties and demonstrate the success of its ongoing reforms in indirect taxation systems.
RBI Marks 90 Years of Shaping India’s Economy
The Reserve Bank of India (RBI) celebrates its 90th anniversary in 2025, reflecting nine decades of contributions to India’s financial stability and growth. Established on April 1, 1935, under the Reserve Bank of India Act, 1934, the RBI has played a vital role in regulating monetary policy, supporting economic development, and fostering financial inclusion. From managing crises like the global financial turmoil to pioneering digital initiatives such as UPI, the RBI has consistently adapted to evolving economic landscapes. This milestone underscores the institution’s commitment to driving innovation and strengthening India’s position in the global financial arena.
Sarhul Festival 2025: Honoring Nature and Heritage
Sarhul Festival, celebrated by the Adivasi communities of Jharkhand’s Chhotanagpur region, heralds spring and marks the tribal new year. Observed on April 1, 2025, this vibrant occasion is a public holiday in Jharkhand. Sarhul emphasizes the bond between humanity and nature, with rituals including offerings to the sacred sal tree, traditional music, dances, and community processions. It symbolizes gratitude for nature’s abundance and the harmony it provides. The festival serves as a cultural cornerstone, showcasing the deep connection between Adivasi traditions and the environment, fostering unity and appreciation for their unique heritage.
Aryna Sabalenka Triumphs at Miami Open 2025
World No. 1 Aryna Sabalenka secured her first Miami Open title with a commanding victory over Jessica Pegula in straight sets, 7-5, 6-2. The win marked her 19th WTA title, including eight WTA 1000 titles and three Grand Slam championships. Sabalenka dominated the tournament without dropping a single set, showcasing her exceptional form and consistency. Her powerful groundstrokes and tactical play overwhelmed opponents, culminating in a decisive backhand winner in the final. Sabalenka’s impressive performance reaffirms her status as a leading figure in women’s tennis and adds another milestone to her remarkable career.
Amit Shah Unveils ₹800 Crore Development Initiatives in Bihar
Union Home Minister Amit Shah announced projects and schemes worth over ₹800 crore in Bihar during International Cooperative Day celebrations. These include ₹111 crore for cooperative development, ₹421 crore for urban housing projects, ₹181 crore to enhance police infrastructure, and ₹109 crore for road transport and highways. Shah also inaugurated a makhana processing unit in Darbhanga and distributed micro ATMs to representatives of cooperative banks. Bihar Chief Minister Nitish Kumar, along with other dignitaries, attended the event, emphasizing the government’s commitment to improving infrastructure, strengthening cooperative sectors, and advancing the state’s overall development and community welfare.
UPI Transactions Hit Record ₹24.77 Trillion in March 2025
Unified Payments Interface (UPI) transactions in India reached a record ₹24.77 trillion in March 2025, with a volume of 19.78 billion transactions. This represents a 13% rise in value and a 14% increase in volume compared to February. The remarkable surge, attributed to high year-end financial activity, underscores UPI’s growing prominence in India’s digital payments ecosystem. Daily transactions averaged ₹79,903 crore, up by 1.9% from February. These figures highlight UPI’s efficiency, scalability, and trust as a payment system, reflecting its pivotal role in driving India’s transition toward a digital-first economy.