Economy Archives - Page 2 of 242

Economy

September 4, 2025 1:55 PM

Auto sector welcomes GST rate cut, urges Centre to focus on electric vehicles

The auto industry has welcomed the GST Council's decision to rationalise tax rates, calling it a landmark reform that will boost affordability, spur demand, and accelerate India's transition to sustainable mobility. Leading industry voices said t...

September 4, 2025 1:23 PM

GST Council cuts tax on renewable energy equipment to 5 percent

The Goods and Services Tax (GST) Council has reduced the tax on renewable energy devices and manufacturing parts from 12 per cent to 5 per cent, effective from September 22 this year. The Council also raised the tax on coal and lignite from 5 per ce...

September 4, 2025 10:51 AM

BJP, allies hail GST reforms as ‘big gift’ to middle class, say relief will boost economy

The GST Council has approved sweeping reforms in India's indirect tax regime, reducing the number of slabs and cutting rates on a wide range of essential goods and services. The move was hailed by the BJP and its allies as a "big gift" for the middl...

September 4, 2025 10:15 AM

GST on 33 cancer drugs, rare disease medicines slashed to 0 from 12 pc: FM Sitharaman

In a historic move, the Union government has slashed the Goods and Services Tax (GST) rates for 33 cancer drugs and rare medicines -- from 12 to zero per cent. The decision taken by the GST Council, chaired by Finance Minister Nirmala Sitharaman, on...

September 4, 2025 10:09 AM

GST booster: Sensex rallies over 550 points in morning trade, Nifty Auto jumps 2.51%

The Indian benchmark indices opened higher on Thursday, buoyed by transformative rate reductions announced by the GST Council across sectors. As of 9:25 am, the Sensex was up 554 points, or 0.69 per cent, at 81,122, while the Nifty rose 159 points, ...

September 4, 2025 10:07 AM

GST reforms a true Diwali gift to nation: Pawan Kalyan

Andhra Pradesh Deputy Chief Minister Pawan Kalyan on Thursday welcomed the Goods and Services Tax (GST) reforms approved by the GST Council. The Jana Sena leader, in a post on ‘X’, termed the GST reforms as a true Diwali gift to the nation. He ...

September 4, 2025 9:50 AM

GST 2.0: Small cars, 2-wheelers to get cheaper ahead of festive season

The GST rate rejig will make small cars and two-wheelers cheaper and big SUVs also are set to become affordable, as the festive season inches closer. The GST Council has approved transformational changes to India's indirect tax structure — adoptin...

September 4, 2025 9:33 AM

Huge impact on Govt’s effort to improve ease of living & doing business: EAM Jaishankar hails next-gen GST reforms

After the Union government announced sweeping next-generation GST reforms to bring relief across sectors, from daily essentials and healthcare to farming, education, automobiles, and appliances, External Affairs Minister (EAM) S. Jaishankar lauded th...

September 4, 2025 9:22 AM

HM Amit Shah, Rajnath Singh, CMs of BJP-ruled states hail PM Modi’s leadership for ‘historic’ GST reforms

Lauding Prime Minister Narendra Modi's visionary leadership for delivering on his promises to the people of the country, Union Home Minister Amit Shah termed the GST tax rate cuts and reforms as a "truly transformative decision" and added that these ...

September 4, 2025 11:16 AM

New GST rates: What gets cheaper and costlier from Sep 22

After the GST Council approved historical changes to India's indirect tax structure, several daily-use goods will become cheaper from September 22. The new tax structure, adopted on Wednesday, has two major slabs now 5 per cent and 18 per cent, and ...

DD India