Goods and Services Tax (GST) reforms in the renewable energy sector is expected to yield significant benefits, particularly in cost savings, says Pralhad Joshi, Minister for New and Renewable Energy.
The union minister said that the changes had made daily-use items, agricultural equipment, and clothing more affordable, directly benefiting the common man.
As the Goods and Services Tax (GST) reforms come into effect on Monday, Union Minister Ashwini Vaishnaw expressed gratitude to Prime Minister Narendra Modi and said that the move will lead to savings in households.
"Today is the first day of Sharadiya Navratri... and on this occasion, PM Narendra Modi gave the entire country a gift by making the biggest reforms in GST... Life-saving medicines have been made free from GST. GST on all other medicines has been cut to 5%... For farmers, the GST has been cu
The deputy chief minister stressed that the benefits to 140 crore people due to GST savings can be seen neither by Rahul Gandhi, Akhilesh Yadav, nor Tejashwi Yadav.
In an industry-first initiative, Jio Payments Bank Limited, a subsidiary of Jio Financial Services announced on Monday the launch of 'Savings Pro', an innovative feature that enables customers to earn more from idle surplus funds in their Jio Payments Bank account, through automated investme
"Relief has been provided for food products. Agri-equipment is cheaper; prices of vehicles are now lower, and prices of electronic products used in daily life have been brought down. This GST relief is like a 'Bachat Utsav' in this festive season, where a common man from a poor family, a mid
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"Modi government's gift of Next Gen GST reform to all the mothers and sisters of the country on the auspicious occasion of Navratri! Modi's promise to the countrymen regarding GST reform has been implemented across the entire country starting today. In this GST, historic reductions have b
Calling this Navratri "very special," the Prime Minister said that the festival had coincided with the GST Savings Festival, which would further boost the idea of promoting Indian products.
Describing the reforms as a "GST Bachat Utsav" (festival of savings), the minister said, "What was once a web of taxes has transformed into a festival of savings. We now have a true 'GST Bachat Utsav' for every household. These reforms will accelerate investment, energize local manufacturing