Record GST Collections in April 2026 Context: India’s Goods and Services Tax (GST) collections reached ₹2.43 lakh crore in April 2026. Highest-ever monthly GST collection recorded. Previous peak: ₹2.36 lakh crore (April 2025). Significance Indicates strong economic activity and improved compliance. Higher import revenue reflects increased trade activity. Demonstrates resilience of India’s indirect tax system despite rate rationalisation. PaRRVA Framework Context: The Securities and Exchange Board of India has introduced the Past Risk and Return Verification Agency (PaRRVA) system to improve transparency and safeguard investors in financial markets. Institutional Structure The regulatory framework for PaRRVA was released by SEBI in April 2025, outlining its functioning and rules. CARE Ratings Limited has been designated as the first PaRRVA entity to validate performance-related data. National Stock Exchange of India Limited will act as the PaRRVA Data Centre (PDC), managing data infrastructure and processing. About PaRRVA PaRRVA is a SEBI-regulated system created to: Verify the historical risk and return records of market intermediaries. Ensure uniform standards in how returns are calculated and presented. Offer investors reliable, comparable, and transparent performance information. Key Features Enables regulated entities such as advisers, analysts, and algorithmic trading service providers to present performance data that has been independently verified. Provides investors with credible, standardised, and comparable data to support better decision-making. Allows the use of PaRRVA-certified performance figures in advertisements, ensuring compliance with SEBI norms. Ensures that all risk-return metrics are validated independently and adhere to regulatory guidelines. Compliance Requirements Investment advisers and research analysts are required to register with PaRRVA within three months. After a two-year transition period, only performance data verified by PaRRVA can be shared publicly. Significance Enhances investor confidence by providing accurate and trustworthy data. Helps minimise risks arising from misleading information and mis-selling practices.
