Page 120 - Economy

Industry must pass on benefits of GST rate cut to consumers: Piyush Goyal

The minister said the GST reforms would boost demand in almost all sectors and support the economic growth of the country

Centre launches subsidised onion sale at ₹24/kg in Delhi, Mumbai, Ahmedabad

Union Food Minister Pralhad Joshi said about 25 tonnes of onions from the buffer stock will be sold in these cities through Nafed, Kendriya Bhandar and NCCF

Karnataka draws ₹12 trn in investments on robust economic climate: Study

It said the investment climate in the state strongly supports robust foreign direct investment (FDI) along with strategic infrastructure projects, forward-looking policy frameworks, talent

GST on luxury cars, SUVs now at 40%, but it's still good news for consumers

GST Council announcements: New two-slab GST system cuts tax on smaller cars to 18 per cent, trims luxury cars and SUVs to 40 per cent, making high-end vehicles slightly cheaper

Trump's tariffs threaten vital relationship with India, says US lawmaker

Meeks, a ranking member of the House Foreign Affairs Committee Democrats, on Wednesday (local time) underscored Congress' support for the US-India partnership

Salon, gym, yoga centre services to get cheaper after GST slashed to 5%

Also, daily use products like hair oil, toilet soap bars, shampoos, toothbrushes, toothpaste, too, are likely to get cheaper as taxes on them have been cut to 5 per cent

Popcorn finally pops into one GST slab: Now 5% across the board

The GST Council has moved all popcorn varieties-salted, packaged, caramel-into the 5% slab, effective September 22, simplifying tax rules and cutting prices for consumers

Shopping from Zara, H&M to get costlier: Impact of GST 2.0 on textiles

From Sept 22, clothes and accessories priced above ₹2,500 will face 18% GST, up from 12%, making mid-range brands costlier while GST on lower-priced textiles remain at 5%

GST revamp may trim revenue but fiscal impact limited, says BofA Securities

GST Council approves two-slab system from September 22; BofA Securities says impact on GDP and government finances will be small, while consumption may get a boost

TVs, ACs, dishwashers GST cut may brighten Diwali for consumer electronics

GST Council has reduced rates on TVs, ACs and dishwashers to 18% from 28% which may boost consumer demand ahead of Diwali

GST on lifesaving drugs reduced to nil: Check full list of tax on medicines

GST Council meet outcome: GST on various medical apparatus and devices used for medical, surgical, dental or veterinary usage has been reduced to 5% from 12%

Indian exporters lobby RBI for weaker rupee to offset Trump tariffs

Exporters are seeking a rupee exchange rate of around 103 per dollar for US earnings, Pankaj Chadha, chairman of the Engineering Export Promotion Council of India, said

Cong terms GST overhaul 'GST 1.5'; says wait for 'true GST 2.0' continues

Jairam Ramesh said states' key demand for extending GST compensation by five years to safeguard revenues, made in the spirit of cooperative federalism, remains unaddressed

Farm machinery, tractors, fertilisers now attract 5% GST: Check full list

GST Council meet: GST on farm machinery, tractors, fertilisers and other agri items cut to 5 per cent from higher rates, giving relief to farmers

GST Council clears 2-slab system: Full list of items under 5% and nil rates

Under the two-slab system, the GST Council has scrapping 12 per cent and 28 per cent rates. Now, essential items like food, medicines, and books fall under zero and 5 per cent rates

New GST rates to come into effect from Sept 22: Your top questions answered

The GST Council's 56th meeting has notified sweeping changes effective September 22, impacting goods and services from milk and medicines to cars, coal and casinos

GST Council fast-tracks refunds under inverted duty structure: What to know

From Nov 1, firms facing an IDS will get 90% refunds upfront. Here's all you need to know about inverted duty structure & changes made during the 56th GST Council meet

Here's how political leaders, India Inc reacted to new GST rate reforms

Nirmala Sitharaman announces sweeping GST rationalisation, hailed as a Diwali gift. Industry and political leaders call the move historic, with praise for easing costs and boosting growth

Chidambaram welcomes new GST reforms but says move is '8 years too late'

In a post on X late Wednesday, the former Union finance minister said the current GST design and rates should not have been introduced in the first place

FMCG sector set to gain as soaps, noodles, shampoo shift to 5% GST slab

The GST Council has moved several FMCG items to the 5% slab and exempted breads, paneer and milk, a move expected to lower prices, spur consumption and aid festive demand