Economy Archives - Page 3 of 242

Economy

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 ...

September 4, 2025 8:53 AM

Next-gen GST reforms: Health, life insurance made tax-free, several medical essentials made cheaper

The landmark next-generation GST reforms that were announced on Wednesday include significant relief to citizens in the healthcare and insurance sectors. One of the biggest announcements is the complete removal of GST on individual health and life in...

September 4, 2025 8:45 AM

‘Will boost economic growth, support India’s vision of Atmanirbhar Bharat’: Hardeep Puri lauds GST reforms

Lauding the Centre's landmark decision to slash and rationalise GST rates, Union Minister Hardeep Puri on Thursday said that these changes will boost economic growth and further support India's vision of 'Atmanirbhar Bharat'. In a post on X, the Uni...

September 3, 2025 11:20 PM

Government unveils next-generation GST reforms; daily essentials get cheaper

Finance Minister Nirmala Sitharaman on Wednesday announced a major reform in the Goods and Services Tax (GST) regime, consolidating the 12% and 18% tax slabs into a simplified dual-rate structure of 5% and 18%, with a higher 40% rate retained for sin...

September 3, 2025 10:55 PM

Goods to turn cheaper as GST Council brings more consumer items under lower tax rates

The Goods and Services Tax (GST) Council has decided to bring a wider range of consumer goods under the lower tax slab, in a move aimed at easing the burden on households and stimulating demand. According to sources, items such as shoes and clot...

September 3, 2025 11:21 PM

PM Modi meets global semiconductor CEOs, says India emerging as innovation hub

Prime Minister Narendra Modi on Wednesday interacted with top global semiconductor CEOs at SEMICON India 2025 and said industry leaders have expressed strong confidence in India’s potential to become a hub for innovation and manufacturing. In ...

September 3, 2025 6:05 PM

GST Council meet: States to remain net gainers despite rate rejig, say experts

While some states raised concerns over possible revenue loss at the 56th meeting of the GST Council on Wednesday, fresh estimates suggest that states will remain net gainers under the GST framework, even after a potential rationalisation of tax rates...

September 3, 2025 4:32 PM

Sensex, Nifty gain as GST Council meet lifts investor sentiment

Indian equity indices ended higher on Wednesday as the two-day GST Council meeting began, lifting investor sentiment on expectations of tax rationalisation. The Sensex closed at 80,567.71, up 409.83 points or 0.51 per cent, after opening at 80,295.9...

September 3, 2025 11:03 AM

FM Sitharaman to chair two-day GST council meet in Delhi from today

The 56th meeting of the Goods and Services Tax (GST) Council will begin on Wednesday in New Delhi to review proposed reductions on more than 150 items. The two-day meeting will be chaired by Finance Minister Nirmala Sitharaman and attended by finance...

September 2, 2025 7:45 PM

Tariffs cause ‘unprecedented’ disruption to global trade rules, WTO chief says

The share of global trade done on WTO terms has fallen to 72% and could fall further, amid the biggest disruption to the international trading system in the past 80 years, the Director-General of the World Trade Organization said on Tuesday. Since U...

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