The government’s announcement of Goods and Services Tax (GST) rationalisation under GST 2.0 signals a major change in India’s economic approach, moving from capex-led spending to a consumption-driven model, according to a report by Axis Securities.“The government has now shifted gears from capex-oriented spending to consumption-led spending,” the brokerage said, adding that the February 2025 […]
GST cut on essentials: FMCG leaders hail ‘game-changing’ reform; prices may fall up to 10%
The GST Council’s decision to slash tax rates on everyday essentials and personal-use products ahead of the festive season is expected to revive domestic consumption, lift rural demand, and strengthen growth in the FMCG sector, industry leaders said on Thursday.According to news agency PTI, FMCG companies plan to pass on the benefits to consumers either […]
Auto industry GST slabs: First-time buyers, middle-income families to gain; sector seeks clarity on cess
The automobile industry has welcomed the GST Council’s decision to reduce tax rates on vehicles, calling it a timely step that will lift demand, make cars and two-wheelers more affordable, and particularly benefit first-time buyers and middle-income families.The new two-tier structure, announced on Wednesday, simplified levies to 5% and 18% from September 22, coinciding with […]
Hilsa shift: Gujarat’s Bharuch emerges as key fish supplier amid Bangladesh shortfall; here’s what’s happening
Your next plate of hilsa may well have its origins in Bharuch, Gujarat, rather than the usual fishing grounds of West Bengal or Bangladesh. According to ET, Bharuch has delivered a record 4,000 tonnes of hilsa across the country during July–August, at a time when imports from Bangladesh have yet to begin this year and […]
GST rate cuts a booster shot! What do tax changes mean for stock markets? Explained
The comprehensive GST modifications have been regarded by market analysts as a “consumption revival bombshell”. (AI image) GST rate cuts announced by the Modi government have served as a booster shot for the Indian economy and markets, with consumption driven growth expected to aid the economy at a time when it is faced by 50% […]
Gold & silver price prediction today: Gold at new highs – what’s the outlook and should you buy or sell?
MCX Gold has been showing a consistent upward trend, reflecting strong bullish momentum in recent sessions. (AI image) Gold and silver price prediction today: Gold prices are exhibiting a bullish trend and silver is also continuing the positive bias, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views […]
‘Pushed Modi closer to Russia, China’: Ex-Donald Trump aide slams 50% India tariffs; flags setback in ties with US
Ex-Trump aide John Bolton (file photo) Former US National Security Advisor John Bolton lashed out at US President Donald Trump on Thursday (local time) for deteriorating US-India relations through a 50% tariff imposition on India, which he claims has driven Prime Minister Narendra Modi towards Russia and China.“The White House has set US-India relations back […]
Market watch: Asian shares rebound on Fed rate cut hopes; oil slides ahead of Opec+ meet
File photo (Picture credit: AP) Asian stocks gained on Thursday as dovish signals from US Federal Reserve officials and weak labour market data reinforced bets on interest rate cuts, even as oil prices extended losses ahead of a key Opec+ meeting.MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5% after US equities closed with […]
Zomato, Swiggy hike user fees
MUMBAI: Ordering food is going to pinch your pocket this festive season as Eternal owned Zomato and its rival Swiggy have hiked the platform fee they charge per order by 20%-25%. Consumers will now have to pay Rs 12 as platform fee on Zomato for every order they place and Rs 15 on Swiggy. Earlier, […]
Small is big: Cars with up to 1.2L engine, bikes under 350cc to cost less after GST rejig | India News
NEW DELHI: Car and SUV prices, especially those classified under the four-metre small vehicles category (petrol under 1,200cc and diesel under 1,500cc), as well as two-wheelers under 350cc will see a price cut from Sept 22, as the GST Council meeting slashed the GST rate from 28% to 18%. Even bigger cars and SUVs, many […]