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Oppn slams Centre over GST reforms, says move will not benefit people

Oppn slams Centre over GST reforms, says move will not benefit people

Under the new structure, only two primary slabs will remain -- 5 per cent and 18 per cent -- along with a higher 40 per cent rate for sin goods. Officials said the revised structure will leave more disposable income in the hands of the common man, which the government expects will cycle back into the economy and spur growth. 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
Gold, silver prices hit record high amid global uncertainties

Gold, silver prices hit record high amid global uncertainties

According to the India Bullion and Jewellers Association (IBJA), the evening rates showed that the price of 24-carat gold climbed to Rs 1,06,021 per 10 grams, up from Rs 1,04,424 on Tuesday. This marks a rise of Rs 1,597 in just 24 hours. Sep 3, 2025
Goods to turn cheaper as GST Council brings more consumer items under lower tax rates

What's expensive, what's cheaper as GST Council brings more consumer items under lower tax rates

The GST Council, comprising state Finance Ministers with Finance Minister Nirmala Sitharaman as the Chairperson, which met here on Wednesday, has also decided to finalise the rollout of a simplified GST regime with only two tax slabs of 5 and 18 per cent. However, the government has decided to keep the higher slab of 40 per cent on sin goods such as cigarettes, tobacco, sugary drinks and luxury goods that are bought by the high-income groups. Sep 3, 2025
Sensex, Nifty trade flat after mild early losses; realty stocks gain

Indian equity indices edge higher as GST Council meet begins

Nifty ended the session at 24,715.05, up 135.45 points or 0.55 per cent. The Indian equities closed higher after a mixed start to the session, buoyed by expectations of a consumption-led stimulus from the potential GST slab rationalisation, said analysts. Sep 3, 2025
Sensex, Nifty open with gains as potential rate cut in US boosts sentiment

Nifty, Sensex open flat as investors eye GST Council meet outcome

As of 9.29 am, the Sensex moved 32 points up, or 0.04 per cent to 80,190, while the Nifty 50 inched up 2 points, or 0.01 per cent to 24,582. The broadcap indices, Nifty Midcap 100 advanced by 0.278 per cent, and the Nifty Smallcap 100 inched up 0.36 per cent. Sep 3, 2025
Stock market ends volatile session slightly lower ahead of GST Council meet

Stock market ends volatile session slightly lower ahead of GST Council meet

Sensex closed at 80,157.88, down 206.61 points or 0.26 per cent. The 30-share index started the session with a decent gap-up at 80,520.09 against last session's closing of 80,157.88, buoyed by the affirmative SCO summit and strong GST collection data. The index escalated further to touch an intra-day high at 80,761.14; however, it fell into negative territory amid profit booking. Sep 2, 2025
Over 150 products may see rate cut in GST Council meet this week

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

The proposals to move various items from the 12 per cent and 18 per cent GST slabs to the 5 per cent slab or to the nil GST category aim to reduce the tax burden for households and boost spending. GST council plans to overhaul the rate structure, replacing the current four-rate structure with a two-rate structure. Sep 2, 2025
Indian stock market opens lower amid mixed global cues

Sensex, Nifty open marginally higher ahead of key GST meet

Among sectoral indices, the Nifty media was the top gainer, rising 0.82 per cent, followed by Nifty Oil & Gas, which gained 0.34 per cent each. Nifty FMCG advanced 0.20 per cent. All other indices were in red, with Nifty IT losing 0.42 per cent. Sep 2, 2025
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