Commercial Gas Cylinder Price Hike by ₹62;
Commercial Gas Cylinder Prices Increased by ₹62:
New Delhi: As of the latest revision, the price of a commercial LPG gas cylinder has risen by ₹62, impacting businesses that rely on it for daily operations, especially during the peak of the festive season. This price hike could influence operational costs for restaurants, hotels, and other small businesses, affecting their margins and potentially leading to increased costs for consumers.
UPI Achieves Record 1,658 Crore Transactions in Festive Season:
The festive season saw an unprecedented surge in digital payments, with UPI (Unified Payments Interface) recording 1,658 crore transactions. This massive uptake reflects the growing adoption of digital payment platforms across India, which have become increasingly popular due to convenience, cashback offers, and digital literacy campaigns. The trend indicates a shift in consumer behavior, with more people preferring cashless payments.
GST Collection Reaches ₹1.87 Lakh Crore, Setting a New Benchmark:
With the rise in both consumer spending and business activity during the festive period, the government reported a GST collection of ₹1.87 lakh crore. This is one of the highest figures recorded, attributed to heightened demand and improved tax compliance. The increase in GST revenue also highlights the success of recent policy measures aimed at bolstering the economy and streamlining tax collection processes.
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