Business news

GST reforms can further lower inflation, allow RBI to cut repo rate by another 25 bp this year

"However, if the pass-through is only partial, the inflation fall could be closer to 0.5 ppt. We expect the RBI to cut rates once again by 25bp in 4Q25, taking the repo rate to 5.25 per cent," an HSBC report said.

Sep 4, 2025

Over 150 products may see rate cut in GST Council meet this week

Bold step: Industry experts hail GST reforms in health sector

In a landmark move, the GST Council, chaired by Finance Minister Nirmala Sitharaman, on Wednesday rationalised the indirect tax structure, cutting the current four slabs down to two -- scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per cent slabs.

Sep 4, 2025

'Plays vital role to realise Viksit Bharat', PM Modi on Nirmala Sitharaman's birthday

GST reforms will bring transparency to India's tax system, correct inverted duty structure: FICCI

The GST Council's newly-approved two-tier GST structure, effective from September 22, 2025, will benefit labour-intensive industries, households, and consumption-driven growth, the industry group said.

Sep 4, 2025

Sensex, Nifty open lower amid uncertainty around Trump tariffs

Indian indices end marginally up as profit booking, IT stocks erase early gains

Sensex ended the session at 80,718.01, up 150.30 points or 0.19 per cent. The 30-share index started the session with a massive gap-up at 81,456.67 against the last session's closing of 80,567.71 on the GST reform announcement.

Sep 4, 2025

GST Council Meet May Signal Major Rejig in Tax Slabs, Cess Policy

GST on 33 cancer drugs, rare disease medicines slashed to 0 from 12 pc: FM Sitharaman

The decision taken by the GST Council, chaired by Finance Minister Nirmala Sitharaman, on Wednesday, rationalised the indirect tax structure, cutting the current four slabs down to two -- scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per cent slabs.

Sep 4, 2025

Union Finance Minister Nirmala Sitharaman

NextGen GST reform: Transformative leap for India's economic future

The NextGen GST reforms represent a bold reengineering of India's tax landscape, balancing simplicity, inclusivity, and economic competitiveness. By addressing structural inefficiencies, reducing consumer costs, and empowering businesses, they lay the groundwork for sustained growth, writes Major General Dilawar Singh.

Sep 4, 2025

GST 2.0: Small cars, 2-wheelers to get cheaper ahead of festive season

The GST Council has approved transformational changes to India's indirect tax structure — adopting a 5 per cent and 18 per cent tax structure — and several daily-use goods will become cheaper from September 22.

Sep 4, 2025

Flipkart welcomes NextGen GST reforms: Boost for MSMEs, e-commerce ahead of festive season

Flipkart hails GST reforms as landmark for digital economy as Big Billion Days near

Flipkart has hailed the Government's NextGen GST reforms—rolling out September 22—as a transformative step that simplifies compliance for small sellers and MSMEs, energises consumption, and strengthens India's digital retail ecosystem ahead of the festive season.

Sep 4, 2025

'Next-Gen' GST reforms to cut healthcare cost, lead towards fit, healthy Bharat: JP Nadda

The decision taken by the GST Council, chaired by Finance Minister Nirmala Sitharaman, on Wednesday rationalised the indirect tax structure, cutting the current four slabs down to two -- scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per cent slabs.

Sep 4, 2025

Household food expenses to drop significantly after tax on staples slashed

The move was announced by the GST council even as inflation is cooling, with headline retail inflation dropping to 1.55 per cent in July, the lowest since June 2017. Food inflation has also slipped into negative territory (–1.76 per cent), the lowest since January 2019.

Sep 4, 2025

Number of Jan Dhan accounts crosses 55 crore, FM Sitharaman tells banks to reach out more

Explained: How GST rate rejig is going to boost businesses, empower common man

"Food preparations not elsewhere specified will attract a GST rate of 5 per cent. Bread was already exempt, while pizza bread, roti, porotta, paratha, etc., attracted different rates. All Indian breads, by whatever name called, have been exempted even though only a few goods have been mentioned by way of illustrative example," the ministry said.

Sep 4, 2025

3 years of modi govt, modi govt, pm modi, bjp wins record mandate, sensex over the years, sensex since 2014, sensex and modi

Sensex rallies over 550 points in morning trade, Nifty Auto jumps 2.51 pc amid GST reforms

The broadcap indices, Nifty Midcap 100 inched up by 0.21 per cent, and the Nifty Small cap 100 inched up 0.05 per cent. The GST Council has reduced rates across insurance, medicines, and daily essentials, providing significant relief to households, farmers, and industries.

Sep 4, 2025

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

GST reforms 2025: Food, fertilisers, footwear cheaper; cigarettes, sugary drinks to cost more

The new tax structure, adopted on Wednesday, has two major slabs now 5 per cent and 18 per cent, and a whopping 40 per cent for sin goods. For the common man, this change means more money in hand, which the government hopes will be routed into the economy, giving it a significant boost.

Sep 4, 2025

Jan 1, 1970

Prev 24 25 26 27 28 29 30 31 32 33 Next

Business news

GST reforms can further lower inflation, allow RBI to cut repo rate by another 25 bp this year

Bold step: Industry experts hail GST reforms in health sector

GST reforms will bring transparency to India's tax system, correct inverted duty structure: FICCI

Indian indices end marginally up as profit booking, IT stocks erase early gains

GST on 33 cancer drugs, rare disease medicines slashed to 0 from 12 pc: FM Sitharaman

NextGen GST reform: Transformative leap for India's economic future

GST 2.0: Small cars, 2-wheelers to get cheaper ahead of festive season

Flipkart hails GST reforms as landmark for digital economy as Big Billion Days near

'Next-Gen' GST reforms to cut healthcare cost, lead towards fit, healthy Bharat: JP Nadda

Household food expenses to drop significantly after tax on staples slashed

Explained: How GST rate rejig is going to boost businesses, empower common man

Sensex rallies over 550 points in morning trade, Nifty Auto jumps 2.51 pc amid GST reforms

GST reforms 2025: Food, fertilisers, footwear cheaper; cigarettes, sugary drinks to cost more

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]