Companies in India will ramp up manufacturing of consumer goods following the Government's GST (Goods and Services Tax) 2.0 reforms, a move executives say will drive both manufacturing and sales-led employment across the country.
BMS also expressed hope that manufacturers, insurance companies, and others will promptly pass on these benefits to the common man by lowering the prices of essential daily-use products, said Ravindra Himte, General Secretary, BMS, in a statement.
This is a very exciting time for the travel and tourism industry, said Rikant Pitti, co-founder of EaseMyTrip, while welcoming the latest reforms in the Goods and Services Tax (GST) structure.
AIMIM chief and Hyderabad MP Asaduddin Owaisi on Thursday criticised the Centre's claim that the latest reforms in Goods and Services Tax (GST) would boost consumption and said that this rhetoric and dialogue have not helped the common man in the past decade.
Commerce Minister Piyush Goyal today said that the latest reforms in the Goods and Services Taxes (GST) in the Pharma sector are huge demand boosters and will benefit both the industry and the end consumers.
The Apparel Export Promotion Council and the Tirupur Knitwear Garment Industry expressed their sincere appreciation for the substantial reform measures recently announced by the GST Council.
"With this big bang reform, there will be a boost to demand. Especially from a common man's perspective, I think, it will provide a lot of relief by bringing down the cost of many everyday items, as well as some of the aspirational items. Overall, I think that is a very significant developme
Union Minister Jitan Ram Manjhi highlighted the significant contribution of Micro, Small, and Medium Enterprises (MSMEs) in India's GDP, saying the sector contributed 31% to India's Gross Domestic Product (GDP).
Indian stock benchmarks had a bumper opening bell Thursday, expectedly so, pushed by massive next-generation GST reforms brought in overnight, sparking investors' interest in the markets. As the day progressed, the indices, however, slid down and closed the day somehow marginally higher t
Union Minister of Commerce and Industry, Piyush Goyal, on Thursday, said that the reduction in GST rates will provide a tremendous and unprecedented boost to consumption demand. While addressing the Bharat Nutraverse Expo 2025, he noted that the industry can now aspire for a much greater vol
Speaking to ANI, the BJP Telangana state president said, "Amit Shah is visiting Hyderabad on September 6 in the afternoon. At 4 o'clock, he will be addressing a huge gathering of the Ganesh immersion, which is a historical event in Hyderabad...Every year, lakhs of people participate in this