Congress leader Ashok Gehlot on Saturday credited LoP in Lok Sabha Rahul Gandhi for predicting the worries of people regarding GST, stating that almost every prediction made by Gandhi has proven correct.
The income tax relief provided for in the 2025-26 Budget, coupled with GST rate rationalisation, is set to further push India's economy to another level, Union minister and BJP leader Ashwini Vaishnaw told reporters Saturday, addressing a presser from the party headquarters.
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.
The Indian agriculture sector has hailed the restructuring of Goods and Services Tax (GST), as the Indian Rice Exporters Federation (IREF) on Saturday said that the reform will help the farmers due to the enhanced demand.
Union Agriculture Minister Shivraj Singh Chouhan on Saturday hailed the Goods and Services Tax (GST) reforms, emphasising that the Centre is aiming to reduce the cost of production in agriculture and increase overall output, which would benefit farmers directly.
In a statement, USIBC praised the rationalisation of GST slabs and reduction in tax rates across key sectors, including food, healthcare, life-saving drugs, renewable energy, and electronics.
According to him, the revision of GST slabs and reduction of taxes on essential products will give a significant boost to the Indian economy, propelling it to new heights in the market.
The Union Minister said that the government's move to eliminate the 18 per cent GST slab and bring relief on essential items marked a major step towards easing the financial burden on the middle class and the poor.