New Delhi [India], September 5: When you require funds urgently but want to avoid breaking long-term investments or applying for unsecured loans, a loan against fixed deposit (FD) or a loan against mutual funds can be a practical solution. Both options allow you to borrow while retaining you
Union Minister of Commerce and Industry Piyush Goyal has assured that the benefits of the reduction in Goods and Services Tax (GST) rates will be fully passed on to the common man, with industries across all sectors committing to implement the reforms in letter and spirit.
Union Minister Nityanand Rai hailed the reforms in the Goods and Services Tax (GST) and said that the poor people, farmers, labourers, and the middle class will benefit from the tax cuts.
On behalf of the people of Gujarat, Chief Minister Bhupendra Patel thanked Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for significantly reducing GST rates on essential goods and services of daily use.
"We have received assurance from all sectors of industry, different levels, big and small, have committed that we will pass on the entire benefit to the common man. We are very confident that they will meet our expectations. The Modi government always trusts stakeholders just as the people o
BMS also expressed hope that manufacturers, insurance companies, and others will promptly pass on these benefits to the common man by lowering the prices of essential daily-use products, said Ravindra Himte, General Secretary, BMS, in a statement.
Commerce Minister Piyush Goyal today said that the latest reforms in the Goods and Services Taxes (GST) in the Pharma sector are huge demand boosters and will benefit both the industry and the end consumers.
Lower GST on automobiles is set to make vehicles more affordable for buyers and create new opportunities for sellers. As per a Crisil Intelligence report, the revised GST slab to 18 per cent from 28 per cent will benefit the auto sector and boost domestic sales.
Insurance companies are expected to face a setback in the short run following the GST Council's recent exemption on GST, as it could lead to the loss of input tax credit eligibility, said industry experts and executives, adding that the companies, however, will benefit in the long term.
Dubey said, "Prime Minister Modi has pledged that his government wants to take everyone along in this development journey, wants to work by uniting all sections of society. Other governments work on the basis of caste, but Prime Minister Modi has worked for every section of the society, i