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Central GST collections amounted to ₹35,204 crore, while State GST collections stood at ₹43,704 crore. Integrated GST revenue totalled ₹90,870 crore, including ₹40,821 crore from imports.

On February 28, Prime Minister Narendra Modi and European Commission President Ursula von der Leyen agreed to seal a much-awaited free trade deal by this year amid rising concerns over US President Donald Trump’s policy on tariffs. 

Traditionally, both central and state governments held large sums of money in bank accounts, creating a float that remained idle. With the introduction of new systems, surplus funds are now directly managed within the RBI instead of being parked in commercial banks.

The FM observed these measures have resulted in significant financial efficiencies without placing any additional burden on taxpayers.

As Indian stock markets prepare to open on March 3, 2025, multiple companies are buzzing with updates, signalling a dynamic start to the trading week. TVS Motor and M&M Auto smashed February auto sales forecasts with strong growth, while Maruti Suzuki and Hyundai Motors posted varied figures. Voltas sold a 92% stake in its Saudi unit for ₹61.84 crore, and Ujjivan Small Finance Bank shed a ₹364.51 crore stressed loan portfolio for ₹34.26 crore. Mankind Pharma received a ₹111.68 crore tax notice for 2021-22, and NTPC set a record, hitting 400 billion units in 335 days. Here’s the list of stocks to watch before market opens on Monday, March 3

Additionally, the RBI has facilitated the process by allowing the public to send their ₹2,000 banknotes via India Post from any post office in the country to an RBI issue office for direct credit to their bank accounts. 

Central GST collections amounted to ₹35,204 crore, while State GST collections stood at ₹43,704 crore. Integrated GST revenue totalled ₹90,870 crore, including ₹40,821 crore from imports.

“Everything is routed via direct payment—no middlemen, no unborn children receiving allowances. Every beneficiary has a biometric-verified account into which the money flows directly. That’s the power of DBT, supported by PFMS,” Finance Minister Nirmala Sitharaman said.

A total of ₹7,500 crore was earmarked for development projects, including roads, flyovers and underpasses in Prayagraj to accommodate the massive congregation.

Pandey previously held the position of Finance and Revenue Secretary in the Ministry of Finance, taking charge of the revenue department on January 9, 2025, following Sanjay Malhotra’s move to Reserve Bank of India governor in December 2024.