GST Revamp

GST Revamp

About GST Revamp

On September 3, Finance Minister Nirmala Sitharaman announced a major overhaul in the GST reforms, bringing relief to the common man. The GST regime will now consist of two slabs- 5 per cent and 18 per cent, and a 40 per cent special slab for super luxury and sin items.
 
The announcement of introducing next-gen GST reforms was first made by Prime Minister Narendra Modi on Independence Day. 

The GST model for power: A viable way to implement electricity reform

Is there any hope now that the Modi government will be able to overcome any political resistance to those proposals in the form of a new amendment Bill for the power distribution sector?

Updated On: Oct 21 2025 | 9:48 PM IST

India a symbol of stability and sensitivity, says PM Modi in Diwali letter

In a Diwali message, PM Modi highlighted Operation Sindoor, GST 2.0 reforms, and the eradication of Naxalism, saying India embodies both stability and sensitivity

Updated On: Oct 21 2025 | 8:34 PM IST

GST reforms may flood India with paper imports, warns industry body IPMA

Indian Paper Manufacturers Association (IPMA) President Pawan Agarwal, in a statement, said that with the recent GST changes, India risks becoming a further dumping ground for cheaper paper

Updated On: Oct 21 2025 | 5:55 PM IST

PM Modi writes to citizens on Diwali, highlights Op Sindoor, GST savings

PM Modi also urged citizens to adopt swadeshi to promote the spirit of 'Ek Bharat, Shreshtha Bharat', to respect all languages, prioritise health and embrace yoga

Updated On: Oct 21 2025 | 12:58 PM IST

Here are the latest news from Business Standard

Latest News

Mahindra bets on AI and skills to drive its 'Tech-First' transformation

Chairman Anand Mahindra says artificial intelligence, skills and education reforms will reshape work, talent flows and growth, as the Group sharpens its technology-focused strategy

Updated On: 01 Jan 2026 | 12:21 AM IST

CBAM may force steel, aluminium exporters to cut prices by 15-22%: GTRI

EU's carbon border levy enters its payment phase from January 1, 2026, with Indian steel and aluminium exporters facing price pressure and tougher emissions data compliance

Updated On: 01 Jan 2026 | 12:20 AM IST

Consumers drive quick commerce, food delivery sales on New Year's Eve

Quick commerce and food delivery platforms saw an uptick in New Year's Eve demand, with grapes searches surging on Instamart and purchases spiking on Zepto

Updated On: 01 Jan 2026 | 12:20 AM IST

Sammaan Capital board clears scheme to absorb Samman Finserv's NBFC

Board-approved restructuring will transfer Samman Finserv's NBFC business to Sammaan Capital and surrender the licence, aiming to consolidate lending and meet single-NBFC norms

Updated On: 01 Jan 2026 | 12:19 AM IST

Climate analysts weigh whether 2026 will turn out to be an El Nino year

With early models hinting at an evolving El Nino around India's monsoon onset, forecasters warn that 2026 rainfall may hinge on how the climate crosses the spring uncertainty barrier

Updated On: 01 Jan 2026 | 12:12 AM IST

Yield curve steepens due to heavy sovereign issues; long-end demand weakens

RBI's FSR says higher G-Sec and SGS supply and softer demand from insurers and pension funds are keeping long-term yields elevated even as short rates fall on easing and liquidity

Updated On: 01 Jan 2026 | 12:08 AM IST

Weakness in ₹, broader equity mkt shrinks India's billionaire club in 2025

But a robust IPO market leads to emergence of 9 new promoter billionaires

Updated On: 01 Jan 2026 | 12:05 AM IST

Centre imposes steel safeguard duty for 3 years; up to 12% on imports

The Centre has converted the provisional safeguard duty on steel into a three-year levy of up to 12 per cent to curb cheap imports, mainly from China and other exporting nations

Updated On: 01 Jan 2026 | 12:05 AM IST

Over 70% of fintechs' loan book unsecured: Financial Stability Report

Unsecured personal loans dominate fintech lending, with younger borrowers accounting for over half the exposure, as the RBI highlights growth and asset quality trends

Updated On: 01 Jan 2026 | 12:03 AM IST

India's household debt rises to 41.3% of GDP, above five-year average: RBI

RBI says household debt rose to 41.3% of GDP at end-March 2025, led by consumption-oriented retail loans, even as net financial savings improved in Q4 FY25

Updated On: 31 Dec 2025 | 11:58 PM IST

External uncertainties may trigger outflows, Fx rate volatility: RBI

RBI flags risks from global shocks, including a sharp US equity correction, that could spur foreign portfolio outflows and rupee volatility, though it says buffers remain adequate

Updated On: 31 Dec 2025 | 11:55 PM IST

Up to four banks may tap capital buffers in adverse scenarios: RBI

RBI stress tests suggest some banks may need to draw on capital conservation buffers under adverse macro conditions, though minimum capital norms are likely to remain intact

Updated On: 31 Dec 2025 | 11:51 PM IST

Vodafone Idea to get five-year lifeline on AGR dues of ₹87.7K crore

Telco has to make repayments from 2031-32 to 2040-41

Updated On: 31 Dec 2025 | 11:51 PM IST

Indian pharma companies see sharp drop in adverse USFDA findings in 2025

OAI cases nearly halve in 2025, overall inspection volumes also fell 25%

Updated On: 31 Dec 2025 | 11:48 PM IST

BS CEO poll: India Inc expects faster growth, stronger earnings in 2026

Plans to invest and hire more but is concerned about global uncertainty

Updated On: 31 Dec 2025 | 11:44 PM IST

Sugar production surges 23.4% to 11.83 million tonnes in Oct-Dec: NFCSF

Sugar output in Uttar Pradesh, the country's largest sugar producing state, increased to 3.56 million tonnes during October-December period of 2025-26 season from 3.26 million tonnes in the year-ago

Updated On: 31 Dec 2025 | 11:44 PM IST

Heightened security, traffic checks in Delhi ahead of New Year 2026

Senior officers, including six Assistant Commissioners of Police and one Additional DCP, are closely supervising the arrangements on the ground

Updated On: 31 Dec 2025 | 11:44 PM IST

Centre's fiscal deficit at 62.3% of FY26 BE in April-November; capex up 28%

CGA data showed the Centre's fiscal deficit rose to Rs 9.77 trillion, or 62.3 per cent of FY26 Budget estimates, in April-November as capex surged and net tax revenue slipped

Updated On: 31 Dec 2025 | 11:36 PM IST

Ashika Group gets Sebi's in-principle nod to launch mutual fund biz

Ashika Group on Wednesday announced that it has received in-principle approval from the markets regulator, Sebi, to launch mutual funds.

Updated On: 31 Dec 2025 | 11:31 PM IST

Acquisitions, order book to drive growth for Samvardhana Motherson

Samvardhana Motherson stock is up 17 per cent from November lows as brokerages point to the AutoElectric acquisition talks, rising content per vehicle and an $87 billion order book

Updated On: 31 Dec 2025 | 11:29 PM IST