Search For "rationalisation"
GST cuts will boost consumption by Rs 1 lakh crore in FY26, inflation to d
Updated : 5 months, 1 week ago IST
Consumption in India is expected to register a net gain of nearly Rs 1 lakh crore from September onwards, driven by the recent Goods and Services Tax (GST) rationalisation, according to a report by Bank of Baroda.
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GST reforms were in making for 1.5 years: Nirmala Sitharaman
Updated : 5 months, 1 week ago IST
Reduction and rationalisation of Goods and Services Tax slabs - reducing them to two, and exempting certain items, including premiums for health and life insurance - were 18 months in the making, Finance Minister Nirmala Sitharaman said at an NDTV summit Tuesday.
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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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Food-processing sector a major beneficiary of GST cuts, solving classifica
Updated : 5 months, 1 week ago IST
The food-processing sector has been a major beneficiary of the recently announced rationalisation of GST rates, with most products witnessing a decline to a 5 per cent GST slab.
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HP: Timely preventive measures save Larji power project from flood threats
Updated : 5 months, 1 week ago IST
The Board management had already created field and technical posts under the rationalisation of the Generation Wing in February 2025, which further strengthened the security arrangements of the Larji project.
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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 reductions to boost cooperatives, farmers, rural enterprises
Updated : 5 months, 1 week ago IST
The sweeping GST reforms unveiled this week will strengthen the cooperative sector, make their products competitive, increase demand for their products and increase the income of cooperatives, the Ministry of Cooperation has said.
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New GST rates, coming into effect this Navratri, to boost economy: Ashwini
Updated : 5 months, 1 week ago IST
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.
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USIBC lauds India's GST reforms, calls it a boost for business and investm
Updated : 5 months, 1 week ago IST
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.
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"Bad decision being corrected, not being apologised for": Aaditya Thackera
Updated : 5 months, 1 week ago IST
Shiv Sena (UBT) leader Aaditya Thackeray on Friday slammed the Modi government, saying that GST rationalisation was a "bad decision being corrected" and instead of being apologetic, it is "arrogantly being marketed as a gift".
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GST rationalisation could increase pressure on the oil and gas sector, say
Updated : 5 months, 1 week ago IST
The recent rationalisation of Goods and Services Tax (GST) is set to bring both relief and challenges across India's key sectors, according to the ICRA press release. However, in the oil and gas sector, the move could increase pressure.
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Construction cost for real estate sector to decline by 3.5-4.5% because of
Updated : 5 months, 1 week ago IST
Rationalisation of tax rates on construction material is expected to cut the construction cost for the real estate sector by 3.5 to 4.5 per cent, according to a report by Crisil Intelligence. The government has announced to cut GST rates on cement, marble, granite, sand, bricks, etc substant
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