Business
GST rate cuts will improve affordability and give a fillip
Global investment bank Morgan Stanley notes that the rationalisation of the Goods and Services Tax (GST) structure, approved by the GST Council, is expected to significantly boost consumption in the coming months, coinciding with the onset of the festive season.
'GST rate cuts to lift India’s GDP by 0.2–0.3% in FY26'
With GST 2.0, Govt’s focus shift from capex oriented spending
New GST slabs to ease burden on common man, small traders, MSMEs
India needs more fabless semiconductor companies: Naveen Yanduru
Cement and steel GST rate cuts to boost real estate
SpiceJet signs interline agreement with Gulf Air
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India’s semiconductor journey moves ahead with 13 announcements
One of the key announcements was the MoU between Tata Electronics and Merck, under which Merck will support Tata's Fab at Dholera, Gujarat, with materials, infrastructure, and supply chain solutions. The focus of this partnership will be on safety, talent development, standards, and self-reliance.
Tax holidays, import duty waivers can power India’s semiconductor
Extending income tax holidays and waiving import duties on expensive semiconductor equipment will accelerate India's semiconductor manufacturing capabilities, said Eswara Rao Nandam, CEO of Polymatech Electronics, a company engaged in providing chip manufacturing solutions.
Dalal street on Fire: Nifty, Sensex surge over 1% as GST cuts
The rally returned to Indian equity markets on Thursday as the government's move to rationalize Goods and Services Tax (GST) rates boosted investor sentiment.
India set to play major role in global semiconductor industry, says Cyient Semiconductors CTO
India will surely become an important hub in the global semiconductor industry as it is already a strong player in semiconductor designing, said Jan Crols, Chief Technology Officer and Senior Vice President of Cyient Semiconductors.
Govt support, collaboration key to India’s chip ambitions
The industry leaders at Semicon India 2025 highlighted the crucial role of government support and collaboration in shaping India's semiconductor ambitions.
Industry associations welcome Next-gen GST reforms
Several industry associations have welcomed the Centre's move to rationalise GST rates to two slabs of 5 per cent and 18 per cent.
GST registration made simpler for small and low-risk businesses
The reform, announced under the next-generation GST reforms on Wednesday, focuses on speeding up approvals and reducing hurdles for entrepreneurs.
Next-gen GST reforms: Purchasing cars, bikes, tractors cheaper
In the automobile segment, GST on petrol and petrol-hybrid cars, as well as LPG and CNG variants not exceeding 1200 cc engine capacity and 4000 mm length, has been reduced from 28 per cent to 18 per cent.
GST reforms: Health, life insurance made tax-free
These reforms, cleared by the GST Council, are expected to reduce the cost of essential medical items and health-related financial services.
Next-gen GST reforms: Check what all items become cheaper
The GST Council, on Wednesday, after a threadbare discussion, approved significant rate cuts across multiple sectors, which the government has described as a Diwali gift for the nation.
"Will stimulate consumer demand...": PHDCCI on GST reforms
"The implementation of GST rate rationalisation from September 22 marks a significant milestone in India's tax reforms. By simplifying the structure, these measures will not only stimulate consumer demand but also enhance state revenue efficiency--creating a virtuous cycle of growth, stability, and fiscal strength. PHDCCI strongly believes this reform will boost business confidence and drive the next phase of economic expansion," Jain said.
GST rates slashed across sectors to provide Diwali bonanza
In a major reform aimed at providing relief to households, farmers, businesses and the healthcare sector, Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs, and electronic appliances
Piyush Goyal meets exporters, industry chambers
Union Minister of Commerce and Industry, Piyush Goyal, chaired a meeting with Export Promotion Councils (EPCs) and Industry Associations on Wednesday to address rising global tariffs, explore solutions, and chart a path forward amid shifting trade dynamics.
Cabinet approves scheme to promote critical mineral recycling
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a Rs 1,500 crore Incentive Scheme to develop recycling capacity in the country for the separation and production of critical minerals from secondary sources.
Top Story
India’s semiconductor journey moves ahead with 13 announcements
Tax holidays, import duty waivers can power India’s semiconductor
Dalal street on Fire: Nifty, Sensex surge over 1% as GST cuts
India set to play major role in global semiconductor industry, says Cyient Semiconductors CTO
Govt support, collaboration key to India’s chip ambitions
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