Mumbai (Maharashtra) [India], September 16: The GST Council, at its 56th Meeting held on 3rd September 2025, approved the rationalization of GST rates by moving to a two-slab structure of 5% and 18%, abolishing the existing 12% and 28% rates. These revised rates will come into effect from 22
India could become a key player in the global electronics manufacturing sector with the help of active participation in the supply chains for manufactured exports, particularly by integrating "backwards" into the value chain, revealed a report from the Centre for Development Studies (CDS).
According to a press release, the policy, approved by the Ministry of Commerce and Industry, is poised to revolutionize the automotive landscape in the country by fostering a conducive environment for reputed global EV manufacturers to establish their presence in India.
New Delhi [India], August 11 (ANI): The Ministry of Heavy Industries on Thursday launched automated online data transfer for capturing critical data related to domestic value addition in the Production Linked Incentive (PLI) scheme for the auto sector.
New Delhi [India], February 1 (ANI): Union Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2022-23 in Parliament and announced that the government proposes to reduce the customs duty on certain critical chemicals namely, methanol, acetic acid and heavy feedstocks fo