Search For "ration"
GST rate cuts will improve affordability and give a fillip to consumption:
Updated : 5 months, 3 weeks ago IST
Global investment bank Morgan Stanley notes that the rationalisation of the Goods and Services Tax (GST) structure, approved by the GST Council, is expected to significantly boost consumption in the coming months, coinciding with the onset of the festive season.
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GST rate cuts to lift India's GDP by 0.2-0.3% in FY26; stronger push forec
Updated : 5 months, 3 weeks ago IST
The Centre's decision to rationalise GST rates to two slabs - 5% and 18%, applicable from September 22, 2025, is expected to boost the country's GDP by 0.2-0.3% in the financial year 2025-26, according to Bank of Baroda economist Sonal Badhan.
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"Step in the direction of ensuring an Atmanirbhar Bharat": Piyush Goyal la
Updated : 5 months, 3 weeks ago IST
Speaking at the IPHEX 2025 International Exhibition on Pharma and Healthcare, the Union Minister said, "Yesterday's GST reforms are a step in the direction of ensuring an Atmanirbhar Bharat, an India which is self-sufficient, self-reliant, an India whose supply chains are self-reliant, an
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With GST 2.0, Govt's focus shift from capex oriented spending to consumpti
Updated : 5 months, 3 weeks ago IST
The government's announcement of GST rationalization under GST 2.0 has set the stage for a major shift in the country's economic strategy.
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"Appreciate Centre for realising its mistake after eight years": P Chidamb
Updated : 5 months, 3 weeks ago IST
Former Union Finance Minister and senior Congress leader P Chidambaram has welcomed the Centre's decision to rationalise GST rates to two slabs, stating that he appreciates the government for "realising" its mistake after eight years of its introduction on July 1, 2017.
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Dalal street on Fire: Nifty, Sensex surge over 1% as GST cuts spark pre-Di
Updated : 5 months, 3 weeks ago IST
The rally returned to Indian equity markets on Thursday as the government's move to rationalize Goods and Services Tax (GST) rates boosted investor sentiment.
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"Big Diwali gift for every Indian": Industrialist Harsh Goenka on GST rate
Updated : 5 months, 3 weeks ago IST
Industrialist Harsh Goenka has called the recent Centre's decision to slash and rationalise Goods and Services Tax (GST) rates under the NextGen GST framework a "big Diwali gift" for every Indian. The government has slashed GST on daily essentials, healthcare, education, and farming input
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"Phenomenal milestone": Industry associations welcome Next-gen GST reforms
Updated : 5 months, 3 weeks ago IST
Several industry associations have welcomed the Centre's move to rationalise GST rates to two slabs of 5 per cent and 18 per cent.
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"WELCOME but TOO LATE": Chidambaram on GST reforms; questions Centre's mov
Updated : 5 months, 3 weeks ago IST
In a post on X, Chidambaram said the current GST design and rates should not have been introduced in the first place, adding that the opposition had repeatedly warned against these issues for years, but their pleas were ignored.
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GST Council gives nod to rationalisation of four-tier structure into citiz
Updated : 5 months, 3 weeks ago IST
There is a special de-merit rate of 40 per cent for a select few goods and services.
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"Will stimulate consumer demand, enhance state revenue efficiency": PHDCCI
Updated : 5 months, 3 weeks ago IST
"The implementation of GST rate rationalisation from September 22 marks a significant milestone in India's tax reforms. By simplifying the structure, these measures will not only stimulate consumer demand but also enhance state revenue efficiency--creating a virtuous cycle of growth, stabili
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Sitharaman announces significant simplification in GST to dual rate struct
Updated : 5 months, 3 weeks ago IST
In a significant simplification in the GST regime, which will benefit the common man, Finance Minister Nirmala Sitharaman on Wednesday announced consolidation of 12% and 18% slabs into a dual rate structure of 5% and 18% besides 40% for sin goods.
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