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'GST 2.0 a Huge Gift to People,' Says Ashwini Vaishnaw, Hails PM Modi's New Reforms

'GST 2.0 a Huge Gift to People,' Says Ashwini Vaishnaw, Hails PM Modi's New Reforms

The GST 2.0 reforms, approved by the 56th GST Council, aim to simplify the tax structure by transitioning from a multi-slab system to a primary two-slab system of 5 per cent and 18 per cent, effective from September 22, 2025. This overhaul is designed to make essential goods and services more affordable, reduce the compliance burden on businesses, and stimulate consumption-led economic growth. Previously, the GST structure comprised four slabs of 5 per cent, 12 per cent, 18 per cent, and 28 per cent. Sep 6, 2025
Indian stock market rally continues for 3rd consecutive day, Sensex jumps 213 points

GST 2.0 Fuels Stock Market Gains Despite Choppy Trading

The Nifty IT slipped over 2.5 per cent this week amid concerns of reduced discretionary spending, driven by economic uncertainty, elevated rates, and geopolitical risks. Sector-wise, Nifty Metal and Auto indices gained around 1 per cent each, while Realty and FMCG slipped up to 1.5 per cent on profit booking. Sep 6, 2025
Stock market ends flat; auto shares surge as IT and FMCG decline

Stock market ends flat; auto shares surge as IT and FMCG decline

Sensex closed at 80,710.76, down 7.25 points or 0.01 per cent. The 30-share index started the session with a positive note at 81,012.42 against last session's closing of 80,718.01. The index, however, remained volatile amid buying in automobile stocks and selling pressure in the IT and FMCG shares. It hit an intra-day high and low at 81,036.56 and 80,321.19, respectively. Sep 5, 2025

Jan 1, 1970
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Indian stock market opens higher, Nifty above 24,700

Nifty Bank was up 4.05 points or 0.01 per cent at 54,079.50 The Nifty Midcap 100 index was trading at 57,291.20 after adding 332.05 points or 0.58 per cent. Nifty Smallcap 100 index was at 17,704.70 after gaining 82.75 points or 0.47 per cent. Sep 5, 2025

Jan 1, 1970
Piyush Goyal urges India Inc. to pass on entire GST rate cut to consumers

Pass on entire GST rate cut to consumers: Piyush Goyal tells India Inc.

Piyush Goya expressed gratitude to the Prime Minister for this initiative, which he believes will create a win-win situation for both businesses and consumers. He urged the industry to ensure that every rupee saved through the GST reduction is passed on to consumers, emphasizing that under the new structure, GST on several categories has been reduced to as low as 5 percent. 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
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