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The monsoon is inching closer to Kerala, with rain clouds gathering over the Arabian Sea. The India Meteorological Department said "conditions are favourable for the monsoon to advance" soon. Expect heavy rains in Kerala and Tamil Nadu starting Wednesday, though Mumbai might have to wait longer for its usual downpour.
India's GST collections in May 2026 were Rs 1.94 lakh crore, up 3.2% from last year. Imports really helped boost the numbers, though domestic sales tax went down. For the first two months of the year, GST revenue is still growing. The article said, "growth in collections continued to be driven by imports."
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GST collections hit Rs 1.94 lakh crore in May, up 3.2%, thanks to a big jump in import revenue. The government said "import revenue jumps 19%," showing strong buying from abroad. This rise helped offset a slight dip in local sales, keeping overall tax money steady.
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India's factories are humming again! Manufacturing grew the most in three months in May, thanks to strong local demand. Even with rising fuel costs, businesses are seeing more orders and making more stuff. One company said, "Demand remains the key growth driver," showing how important our own buying power is right now.
GST collections hit ₹1.94 lakh crore in May, showing strong domestic demand. "Goods sector taxable supply grew 26.9 per cent," with growth across all 27 commodity groups. Imports also saw a big jump, especially for industrial raw materials and energy. This broad growth shows the economy is doing well.
You can grow Rs 1.5 lakh yearly in PPF to a huge Rs 1.54 crore tax-free fund! By investing from age 30 to 60, with the current 7.1% interest, your money grows a lot. The article says, "an investor can potentially build a tax-free corpus." Most of that big amount is actually from interest earned over 30 years.
Commercial LPG prices jumped again, making things tougher for restaurants and small businesses. In Delhi, a 19-kg cylinder now costs Rs 3,113.50, up Rs 42 from June 1. Kolkata saw a bigger hike of Rs 53.50. This adds pressure as businesses are already dealing with rising costs.
Big news for businesses! Commercial LPG prices jumped by Rs 42 per cylinder on Monday, making it costlier for hotels and restaurants. But don't worry, household cooking gas rates stayed the same. Industry sources said "rates were hiked to Rs 3,113.50" for the 19-kg cylinders.
Hyundai and Bajaj Auto both saw good sales in May. Hyundai's domestic sales went up by 9 per cent, and Bajaj Auto's total sales grew by 18 per cent. Hyundai said, "Hyundai Motor India has continued its strong momentum." This shows both companies are doing well.
The Indian rupee started a bit stronger, up 3 paise at 94.97 against the US dollar on Monday, 1 June. Even with rising oil prices and worries about money leaving India, the rupee held steady. Analysts noted that "traders are eyeing corporate earnings" for direction.
Bangladesh just raised fuel prices again, this time for petrol and kerosene, effective Monday. This is the second time in six weeks! The government said "international petroleum product price changes" are the reason. This could make things more expensive for everyone.
Reliance Industries shares jumped over 1% on Monday, June 1, after partnering with NLC India for a lignite gasification project in Gujarat. This move aims to convert lignite into gas, addressing domestic shortages and reducing reliance on imported LNG. Sources said 'they have signed an agreement' to explore this.