While headwinds persist from continued FII outflows and uncertainty around the US trade deal, the recent GST reforms are expected to boost consumer demand. (AI image) Stock market today: Nifty50 and BSE Sensex remained flat after a volatile trading session on Friday, with gains in oil & gas and auto sectors counterbalanced by declines in […]
GST reform push: Slash 18% on insurance agents’ commission to zero
Representative Image (AI-generated) Life Insurance Council, a forum for stakeholders in the sector, has requested the GST Council and the finance ministry to reduce GST on agents’ commissions from 18% to zero. The request comes after GST on premiums and reinsurance were brought down to zero.The council feels that if agents’ commissions continue to attract […]
GST 2.0 impact: SBI report pegs Centre’s revenue loss at Rs 3,700 crore in FY26; consumption, higher tax mop-up ease impact
The central government’s revenue loss from the recent GST rate cuts is projected to be only around Rs 3,700 crore in FY26, cushioned by stronger consumption and higher tax collections, according to a report by the State Bank of India (SBI).As per news agency ANI, the report noted that while the government, based on FY24 […]
New GST rates list 2025: Full comprehensive list of items with revised GST rates – 5%, 18%, 0% & 40% effective September 22
New GST Rates: Full list of items with new tax rates (AI image) New GST rates 2025 full list: Common man and middle class have a big reason to cheer! Most of the items that people consume in their day-to-day lives – from food to shampoos to appliances – everything is set to become cheaper […]
US tariff impact: GST 2.0 set to provide relief to affected sectors; experts see boost to demand
Industry leaders and experts have said the newly announced GST 2.0 reforms will provide much-needed support to sectors impacted by the recent US tariff hikes, easing costs for consumers and boosting domestic demand. As per news agency ANI, stakeholders from textiles, automobiles, jewellery, exports and finance believe the rationalisation will help offset challenges posed by […]
Building resilient highways: India drives safer roads with data-led platforms; AI project iRASTE shows early gains
India is strengthening efforts to build a safer and more resilient road network by deploying technology-enabled, data-driven platforms such as the Integrated Road Accident Database (iRAD), according to a report released by FICCI and Crisil.The report highlighted that iRAD, developed by the National Informatics Centre (NIC), has been implemented nationwide across all 36 states and […]
GST relief for gems sector: Small diamond imports exempted from IGST; jewellery box tax cut to 5%
The Gem and Jewellery Export Promotion Council (GJEPC) on Friday said that recent GST reforms have delivered significant relief to the diamonds and jewellery sector, easing costs for both exporters and consumers.The government’s move to exempt imports of natural cut and polished diamonds up to 25 cents under the Diamond Imprest Authorisation Scheme (DIAS) from […]
Gold rate today: Prices surge Rs 900 near record high; silver stays flat at Rs 1.25 lakh per kg
Gold rate today: Gold prices soared by Rs 900 to Rs 1,06,970 per 10 grams in the national capital on Friday, edging closer to record highs amid rupee weakness, firm global trends, and expectations of a US Federal Reserve rate cut later this month.According to the All India Sarafa Association, gold of 99.5 per cent […]
Elon Musk package: Tesla board files $1 trillion Musk pay plan if 12 goals met; targets include robotaxis, AI bots
Tesla CEO Elon Musk could be in line for a payout worth as much as $1 trillion if the electric carmaker meets a series of highly ambitious targets over the next decade, according to a regulatory filing released on Friday, the news agency AP reported.The proposed package includes a dozen share tranches linked to goals […]
Pulses mission: Niti Aayog charts roadmap for self-sufficiency by 2030; surplus projected by 2047
Government think-tank Niti Aayog has outlined a comprehensive strategy to make India self-sufficient in pulses by 2030 and double production by 2047, projecting output to rise from 26.06 million tonnes (MT) in 2022 to 34.45 MT by 2030 and further to 51.57 MT by 2047.According to the report, the projections are based on aggregate as […]