The festive season began on a record-breaking note for the Indian automobile sector as Tata Motors and pre-owned car company CARS24 reported exceptional sales and customer activity on the first day of Navratri.
The demand upcycle in the passenger vehicle (PV) segment could continue up to FY29, supported by GST 2.0 reforms and a strong outlook for the automobile sector, according to a report by Nuvama.
Speaking in Patna, Bihar, Rai emphasised Prime Minister Narendra Modi's vision of making essential items more affordable for the poor and middle class. Rai mentioned that poor people, farmers, labourers, and the middle class will greatly benefit from these tax cuts.
"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
Prices of everyday goods and services could start to come down in the coming days, as recent cuts in indirect taxes by the government begin to show their effect, according to a report by Bank of Baroda (BoB).
Union Minister Nityanand Rai hailed the reforms in the Goods and Services Tax (GST) and said that the poor people, farmers, labourers, and the middle class will benefit from the tax cuts.
He backed his argument by stating that the measures taken by the government, such as direct tax cuts, forthcoming GST tax structure reforms, and the employment-linked incentives, among others, are supportive of the overall economy.
In one of his most consequential speeches, Powell suggested the labor market could benefit from lower rates, which the Federal reserve has kept unchanged for eight straight months.
The positive macroeconomic indicators of Indian economy, such as income tax cuts, easing lending rates, and above-normal rainfall, have not yet translated into a revival in vehicle demand in the country, according to a report by Incred Equities.
US President Donald Trump on Friday (local time) signed 'One Big Beautiful Bill' into law, which includes tax cuts and funding boosts for the Pentagon and border security
US Vice President JD Vance on Tuesday cast the decisive tie-breaking vote in the US Senate as Republicans were able to deliver a legislative victory for President Donald Trump by passing One Big, Beautiful Bill Act, a sweeping legislative package