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.
"Poor people, unaware of the quality of the product, buy the cheaper product from the market. Beneficiaries of the Ujjwala scheme need protective hoses the most, but they will be able to afford them only if the price is lower. Because of the 18 per cent GST on it, the price increases signifi
The All India LPG Distributors Federation has appealed Finance Minister Nirmala Sitharaman to reduce the Goods and Services Tax (GST) on LPG Suraksha Hoses (LPG pipes) from 18 per cent to 5 per cent.
The global funding target set for COP30 is far behind schedule with only 4-5 per cent of the promised USD 1.3 trillion achieved so far, according to Vishwas Chitale, Fellow, Climate Resilience, Council on Energy, Environment and Water (CEEW).
Revenue growth of India's readymade garment (RMG) industry is set to nearly halve on-year this fiscal to 3-5 per cent as the imposition of 50 per cent tariffs by the US on its imports from India becomes effective from 27th August 2025, Crisil Ratings said in a report.
During his visit, CM Dhami said that he "appeals to the tourists coming to Devbhoomi Uttarakhand to spend 5 per cent of their travel expenses on the purchase of local products" on the call made by Prime Minister Narendra Modi.
"They have proposed two slabs: one 5 per cent and the other 18 per cent. Still, there are multiple slabs till 28 per cent. Eighteen per cent applies to fertilisers and pesticides. So, it might get an exemption in this decision. However, there won't be much in it. We will see when the full sc
Most of the "common man items" are proposed to be moved to the lower GST slab rate of 5 per cent under the GST rationalisation initiative, government sources said on Friday, noting that the Centre will closely engage with states to build a broad-based consensus in the coming weeks.
In a path-breaking initiative relating to the Goods and Services Tax structure, the Central Government has proposed to scrap the current slab of 12 per cent and 28 per cent of GST rates and keep only 5 per cent and 18 per cent GST rates, government sources said on Friday.
Additionally, in cases where vacancies under the existing 5 per cent quota for such appointments are unavailable, the Cabinet has permitted a one-time relaxation of this quota to ensure eligible applicants are accommodated.
India's core industries comprising eight sectors reported 1.7 per cent growth in June 2025, down from 5 per cent in the same month of 2024, data released on Monday by Ministry of Commerce and Industry showed.