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Economy

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 ...

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...

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