The government's recent decision to rationalise Goods and Services Tax (GST) rates is likely to ramp up domestic demand and lift consumer sentiment, according to a report by Centrum Institutional Research.
Indian stock markets opened with a strong rally on Monday as investor sentiment improved following the government's announcement of GST cuts and the sovereign rating upgrade for India by S&P Global.
The State BJP leader said that Assam's GSDP (Gross State Domestic Product) has increased by 113 per cent from 2020-21 to 2024-25, reaching Rs 7.25 lakh crore.
"For us, reform means the expansion of good governance," said the Prime Minister, emphasising that continuous focus is being placed on reforms. He made the marks during the inauguration ceremony of two major National Highway projects worth a combined cost of nearly Rs.11,000 crore in the nat
"Congress has been saying from the beginning that its (GST) slabs are unjust, and Rahul Gandhi had even called it the Gabbar Singh Tax. Today, the Prime Minister has realised that with the Bihar elections approaching, fearing defeat, he felt that the GST slabs should be reduced... Our opi
"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
Tamil Nadu Chief Minister MK Stalin on Saturday expressed concern about the 50 per cent tariffs announced by the US on India, stating that this will hit the state harder than most states as their exports are deeply tied to the US market.
After Prime Minister Narendra Modi announced reforms on Goods and Services Tax (GST), Congress has demanded an official discussion paper for an informed and wider debate on it.
Industry body Confederation of Indian Industry (CII) has welcomed the upcoming reforms in Goods and Services Tax (GST) as announced by Prime Minister Narendra Modi from the Red Fort during his Independence Day address to the nation.
Addressing the nation from the ramparts of Red Fort, Prime Minister made several important announcements across sectors including nuclear energy, GST reforms, Reform Task Force, Viksit Bharat Rozgar Yojana, High-Powered Demography Mission, steps towards energy independence and urged youth
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.