Search For "gst rate cuts"
Consumer spending expected to touch Rs 14 lakh crore this festive season:
Updated : 5 months, 1 week ago IST
With consumer sentiment getting a major boost from the recent GST rate cuts, total consumer spending during this festive season is expected to be in the range of Rs 12 lakh crore to Rs 14 lakh crore, according to a report by the Bank of Baroda.
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GST rate cuts to boost Uttar Pradesh's craft and industrial clusters
Updated : 5 months, 1 week ago IST
The recent Goods and Services Tax (GST) rate rationalisation has extended relief across key sectors, including handicrafts, food products, footwear, toys, textiles and industrial goods. According to a government release on Thursday, the reforms are expected to lower costs for consumers, impr
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Banking sector to see earnings recovery from Q2FY26, strong 17.7% CAGR pro
Updated : 5 months, 1 week ago IST
The Indian banking sector is set to witness earnings recovery in the second half of FY26, after a muted September quarter performance marked by margin pressure, moderate credit growth and a decline in profitability across private and public lenders, according to a research report by Motilal
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Union Minister Jyotiraditya Scindia arrives in Guwahati for two-day Northe
Updated : 5 months, 1 week ago IST
Union Minister for Communications and Development of North Eastern Region, Jyotiraditya M. Scindia, arrived in Guwahati on Friday, to begin a two-day tour of the Northeast.
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From cars to electronics, GST rate cuts spark consumer frenzy on Day 1 of
Updated : 5 months, 1 week ago IST
GST 2.0 appears to have delivered instant relief and sparked consumer joy from the very first day, reducing household expenses, reviving demand across industries, and igniting the festive season with record-breaking sales.
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GST rate cuts, income tax relief to have multiplier effect on GDP numbers:
Updated : 5 months, 1 week ago IST
Speaking at the Network18 Reforms Reloaded 2025 summit in Delhi, Nageswaran said, "The GST 2.0 is a very significant landmark reform. I am very confident that it will provide a very significant boost to domestic demand. In addition to the indirect taxes, there are concessions and relief anno
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GST rate cuts welcomed in Shimla as citizens, traders say relief will boos
Updated : 5 months, 1 week ago IST
Locals pointed out that the decision to simplify slabs into primarily 5 percent and 18 percent, while lowering or eliminating GST on several essential commodities, will ease household expenses and create wider economic opportunities.
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GST rate cuts to significantly benefit people: Uttarakhand CM
Updated : 5 months, 1 week ago IST
Uttarakhand Chief Minister Pushkar Singh Dhami on Friday said that under the leadership of Prime Minister Narendra Modi, the Central Government has significantly reduced GST rates across the country and the revised GST rates will also come into effect in the state from September 22.
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Two-wheelers, cars, trucks, buses, tractors, GST reforms set to benefit al
Updated : 5 months, 1 week ago IST
The new GST rates and slabs will have a wide-scale positive impact on the many items related to heavy industries, be it auto, transport, or auto ancillaries.
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GST reform will supercharge Indian economy: Rice Exporters' Federation's D
Updated : 5 months, 1 week ago IST
The recently announced next-generation Goods and Services Tax (GST) reforms will significantly benefit India's agriculture sector, particularly the rice industry, Indian Rice Exporters Federation's Vice President, Dev Garg, said.
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Nirmala Sitharamam says she will personally monitor whether GST benefits b
Updated : 5 months, 1 week ago IST
Finance Minister Nirmala Sitharaman has promised that she will personally monitor the passing on of GST rate cuts by the businesses to the consumers.
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GST reforms most positive for footwear, quick restros, FMCG, grocery retai
Updated : 5 months, 1 week ago IST
Global financial services firm Bernstein also echoed similar sentiments to those of several other experts that the sweeping GST rate cuts will boost India's consumption.
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