The Centre and state governments collected a little more than ₹1 lakh crore in Goods and Services Tax (GST) receipts in May, an improvement of 6.7% from the same month a year ago, but below the growth rate needed by the Centre to avoid compensating states for revenue losses.
Money Market
At Gold Silver Reports, we cover the latest money market news and analysis, including interest rates, financial updates, investment trends, and economic insights. Stay updated with expert coverage to make smarter financial and trading decisions.
India’s Central Bank Faces Calls for Rate Cuts – Gold Silver Reports
Gold Silver Reports (GSR) – Growth cooled to 5.8% in the first three months of the year, the slowest pace in several quarters, according to a government report on Friday. That took the expansion in the fiscal year to March 2019 to 6.8%, lower than the 6.9% median estimate in a Bloomberg survey.
BTC/USD Has Bottomed out @ $3215.20 Levels
Technically Report – After BTC/USD has bottomed out at $3,215.20 levels, consequently, the bullish engulfing pattern has occurred at $4,071.70 levels.
US-China Trade Talks Reportedly Hit a Snag Because US ‘Kept Adding New Demands’ to Negotiations – Latest Report by The SCMP
The report cites two separate sources in saying that the breakdown in US-China trade talks arose as China’s Liu He met up with US’ Lighthizer and Mnuchin only for the US side to make additional demands in the late stages of the negotiations.
Facebook Removed 2.2bn Fake Accounts in First Quarter
Facebook said it took down a record 2.2bn fake accounts in the first three months of this year, only slightly less than the total number of monthly active users on the social media network, in a sign that its battle against bad actors is far from over.
Russian Jan-March Gold Output – Gold Silver Reports
Gold Silver Output January – March Month
Russian Jan-March Gold Output @ 58.12 Tonnes, Silver Output @ 223.28 Tonnes – Russian Finance Ministry
SoftBank is in Talks with Regional Language News Aggregator Dailyhunt
Japanese conglomerate SoftBank is in talks with regional language news aggregator Dailyhunt to raise over $150 million, sources told Mint. If this deal follows through, this would make it SoftBank’s first investment in the content space.