Page 119 - Economy

New GST rates: Govt bonds rally as revenue loss concerns subside

Government bonds rallied as the estimated revenue loss from GST tax cuts came in lower than expected, easing fiscal concerns. The yield on the benchmark 10-year bond eased to 6.49%

GST reforms to strengthen clean-energy transition: Environment minister

In a post on X, Yadav said, "The GST rationalisation ensures that renewable energy remains the backbone of India's climate strategy."

GST reforms boost cash flow, fueling co-working sector growth & innovation

GST reforms are set to accelerate India's co-working sector growth by reducing construction material costs, improving cash flow, & supporting demand from start-ups & enterprises, say industry experts

GST rate rejig may ease inflation by up to 75 bps in FY26: SBI Research

The new tax rates will be effective from September 22, except for tobacco and related products, for which a date will be announced later

IT, ITes, electronics industries welcome GST reforms strengthening exports

Nasscom and the electronics manufacturing industry have welcomed the GST reforms, highlighting the positive impact on exports, ease of doing business, and future opportunities for digital inclusion

India's exports to surpass 2024-25 levels, GST reforms to aid growth: Goyal

The commerce and industry minister also said the industry has committed to pass on the benefits of the GST rate reduction to consumers

State govts welcome GST rate cuts, flag concerns over revenue loss

State governments, including from the INDIA bloc, welcomed the new GST rates but expressed concerns over potential revenue losses, calling for extended compensation and changes in tax provisions

Imposed tariffs on India over Russian oil imports: US govt to Supreme Court

Trump has imposed 25 per cent reciprocal tariffs on India and an additional 25 per cent levies for Delhi's purchases of Russian oil, bringing the total duties imposed on India to 50 per cent

No relief for brand M&As, purchases to continue attracting 18% GST

India will continue to impose 18% GST on standalone brand purchases, with no relief for companies involved in brand M&As. Business acquisitions, however, remain exempt under existing GST rules

GST cut brings hope to textile MSMEs; expensive garments to see price hikes

The new GST changes provide relief to textile MSMEs and consumers but could lead to higher prices for garments above Rs 2,500. Industry experts call for a relook at the pricing thresholds

FMCG companies to benefit as GST slashed to 5% on key daily essentials

GST on FMCG items including soaps, shampoos, biscuits, jams and noodles has been reduced to 5% from 18%, a move expected to spur rural demand and improve liquidity

Sitharaman delivers on PM's Diwali promise: Who are the winners and losers?

From daily staples like milk and paneer to small cars and two-wheelers, the new two-slab GST structure is set to make essentials more affordable while making luxury goods costlier

From cancer drugs to glucometers, patients to save more after GST cuts

GST Council removed tax on 33 life-saving drugs and slashed GST on all medicines and medical devices to 5%, easing treatment costs and improving healthcare access

GST cut makes cars, bikes, tyres cheaper, Diwali comes for Auto Inc

GST Council cut rates on small cars, bikes, SUVs and tyres, slashing levies to 18% and rationalising slabs, a move hailed as transformative for the auto industry

FMCG firms plan to offer more grammage for same price after GST reforms

FMCG players plan to cut prices of large packs and raise grammage in smaller packs as soaps, noodles, coffee, ghee and ice cream get cheaper under new GST rates

Diwali shopping cart reimagined with GST relief on sweets, ACs and SUVs

GST 2.0: From mithai and jewellery to cars and consumer durables, here's what changes for Diwali buyers

Govt increases GST on exploration, production of oil and gas to 18%

Services relating to exploration, mining or drilling of petroleum crude or natural gas have been increased to 18 per cent with input tax credit (ITC), according to an official note

GST overhaul: Will your smartphones get cheaper? Here's what you must know

Smartphone manufacturers had been seeking a reduction in GST on mobile phones from 18 per cent to 5 per cent, arguing that this would boost demand

GST 2.0 impact: Small cars, tractors to get cheaper ahead of festive sales

Aiming to provide relief to the common man, the government has sharply cut the GST levied on small cars to make them more affordable

GST rate cut may ease CPI inflation by 25bps; 40bps dent on fiscal deficit

Here's how analysts leading brokerages assess the impact of the GST rate rejig on the Indian economy, bond markets and the possibility of an aggressive interest rate cut by the Reserve Bank of India