Search For "5 per cent"
India's exports have risen by 4 to 5 per cent in first half of this year:
Updated : 5 months, 2 weeks ago IST
Union Commerce and Industry Minister Piyush Goyal on Tuesday said that India's exports have grown by 4 to 5 per cent in the first six months of the year, despite global economic challenges.
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GST reform, a transformative step towards Aatm Nirbharta: Ministry of Coal
Updated : 5 months, 3 weeks ago IST
Key decisions of the 56th GST Council Meeting on coal include: removal of the Rs. 400 per tonne GST compensation cess previously levied on coal, and an increase in GST rate on coal from 5 per cent to 18 per cent.
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"Will have a wider positive impact on our Indian economy": Telangana BJP C
Updated : 5 months, 3 weeks ago IST
Rao lauded the GST reforms, stating that 99 per cent of the daily use items have come under the 5 per cent GST, which will help the poor, middle class, women, students, farmers and other sections of the society.
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Lower GST rates will ease tax burdens and empower MSMEs: FICCI CASCADE
Updated : 5 months, 3 weeks ago IST
GST 2.0 is set to almost triple the share of items taxed at 5 per cent, rising from 54 consumption categories under GST 1.0 to 149 categories under GST 2.0, as per a recent study by FICCI CASCADE. For rural households, the share of exempt and merit goods in their consumption basket will rise
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GST on renewable energy devices rationalised to 5% to accelerate India's c
Updated : 5 months, 3 weeks ago IST
The rationalization of GST rates across the renewable energy value chain from 12 per cent to 5 per cent will bring down the cost of clean energy projects, making electricity more affordable and directly benefiting households, farmers, industries, and developers.
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RBI likely to cut rates by 25 bps each in Oct, Dec MPC; CPI may avg at 2.4
Updated : 5 months, 3 weeks ago IST
The Reserve Bank of India (RBI) is expected to lower policy rates by 25 basis points each in the upcoming Monetary Policy Committee (MPC) meetings in October and December, taking the terminal policy rate to 5 per cent, according to a report by Morgan Stanley.
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Indian real estate to reach USD 5-10 trillion, fuelling one-fifth of India
Updated : 5 months, 3 weeks ago IST
India's real estate sector contribution to the GDP is growing steadily, from under 5 per cent in the early 2000s to 6-8 per cent today and is projected to reach 14-20 per cent, positioning it as a potential USD 10 trillion growth catalyst by 2047.
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Food-processing sector a major beneficiary of GST cuts, solving classifica
Updated : 5 months, 3 weeks ago IST
The food-processing sector has been a major beneficiary of the recently announced rationalisation of GST rates, with most products witnessing a decline to a 5 per cent GST slab.
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"Revolutionary reforms": Union Minister G Kishan Reddy lauds tax reduction
Updated : 5 months, 3 weeks ago IST
According to the Ministry of Finance, coal previously attracted a 5 per cent GST, along with a Compensation Cess of Rs 400/ton, prior to the rate rationalisation.
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'Decision not just for Bihar, but for whole country': MoS Finance Pankaj C
Updated : 5 months, 3 weeks ago IST
Union Minister of State (MoS) for Finance, Pankaj Chaudhary, took a jibe at the Opposition and said that the move to rationalise GST rates to two slabs of 5 per cent and 18 per cent has not been brought for the Bihar Assembly polls.
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"What Rahul Gandhi says is right, the govt takes time to accept his sugges
Updated : 5 months, 3 weeks ago IST
The 56th GST council meeting decided to rationalise GST rates to two slabs of 5 per cent and 18 per cent by merging the 12 per cent and 28 per cent rates.
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New GST version replacing four-rate structure revolutionary, people-orient
Updated : 5 months, 3 weeks ago IST
In a statement, Assam BJP Spokesperson Debojit Mahanta stated that nearly 99 per cent of goods currently taxed at 12 per cent GST would now come under 5 per cent GST. As a result, more money will remain in the hands of the common people, thereby increasing their purchasing power.
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