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  The GST collections trend in India upto June 2023 in FY23-24: April 2023:  Rs. 1,87,035 crore (highest ever) May 2023:  Rs. 1,57,079 crore June 2023:  Rs. 1,61,497 crore The average monthly gross GST collection for the first half of FY23-24 is Rs. 1,69,000 crore. This is 12% higher than the average monthly collection for the same period in FY22-23. The GST collections have been consistently growing in the current financial year. This is due to a number of factors, including the strong growth of the Indian economy, the increasing compliance with the GST law, and the government's efforts to boost digitization and transparency in the tax system. The average monthly gross GST collection for the first quarter of the FY 2021-22, FY 22-23 & FY 23-24 are Rs. 1.10 lakh crore, Rs. 1.51 lakh crore and Rs. 1.69 lakh crore respectively, the finance ministry said. The gross revenue has crossed the 1.6 lakh crore mark for the fourth time since the inception of GST in the coun...

 Regional Comprehensive Economic Partnership (RCEP) is the economic alliance formed with China and other 14 countries primarily from Asia recently but including  non Asian countreis like australia, New Zealand. India was said to have entered into this economic pact and was negotiating for its membership, but withdrew later when it rightly found that this trade partnership would only benefit other countries but not its interests. Maybe in the long run India would have to enter this trade pact but certainly not at this time when China's hegemony is strangling many of the Asian and African countries. With many of the other Asian countries India already has a free trade pact except China. China is a net exporting country to India and therefore any free trade pact removing the tariff barriers would only directly and indirectly benefit China. Let us look at the specific pros and cons to RCEP: Pros 1)The purpose of RCEP was to make it easier for products and services,investments, int...