Representative Image (AI-generated) NEW DELHI: Even as GST revamp will spur consumption, for companies, it also means some immediate onground challenges which they will have to tackle amid the festive rush.Whether prices of products go up or decline under the rejigged tax slabs, restickering/retagging of prices will need to be done. For consumer goods which […]
Who could replace Powell? Donald Trump eyes Fed chair post for Hassett, Warsh, Waller; Bessent opts out
President Trump has identified three candidates as frontrunners to replace Jerome Powell as Federal Reserve chair: his advisor Kevin Hassett, former Fed governor Kevin Warsh, and sitting Fed governor Christopher Waller.At the White House, Trump told reporters that Scott Bessent was initially considered, but the Treasury secretary declined interest. “I had four,” Trump said. “Now […]
Gold surges to record high: October futures hit Rs 1.07 lakh on MCX — time to invest?
Gold futures for October delivery have risen substantially, climbing approximately Rs 6,500 within the last month to achieve an unprecedented Rs 1,07,807 per 10 grams on the Multi Commodity Exchange (MCX) on Friday.The upward movement persists despite recent profit collection preceding vital US employment statistics, whilst global economic uncertainty and central bank purchases continue to […]
Building wealth for retirement: How to plan Rs 1 lakh monthly passive income? Experts outline safe and risky routes
For most Indians, the fear of outliving retirement savings looms larger than ever as life expectancy rises and medical costs climb. Picture this: your morning coffee in retirement, bills paid, lifestyle intact — and all of it supported by a steady Rs 1 lakh monthly income. Financial planners say this is possible, but the secret […]
SGB redemption update: RBI fixes Rs 10,610 per unit for 2020-21 bonds, investors bag 107% return
The Reserve Bank of India (RBI) on Friday announced that investors of Sovereign Gold Bonds (SGB) 2020-21 Series VI, issued on September 8, 2020, will be able to opt for premature redemption on September 6, 2025. The redemption price has been fixed at Rs 10,610 per unit.According to the RBI statement, the price has been […]
GST reforms to kick in this Navratri: Ashwini Vaishnaw says move will boost economy; daily-use goods, cars, health cover to cost less
The sweeping changes in Goods and Services Tax (GST) rates announced by the government will come into effect from September 22, the first day of Navratri, Union minister Ashwini Vaishnaw said on Saturday, calling it a transformative step for the economy.Speaking at a press conference at the BJP headquarters, Vaishnaw said the rationalisation of rates […]
Investor awareness push: IEPFA panel suggests easing small investor claims, move aimed at faster redressal
The Investor Education and Protection Fund Authority (IEPFA) has received a set of recommendations from a high-level committee that proposes a simplified process for low-value investor claims, the Ministry of Corporate Affairs (MCA) said on Saturday.According to the ministry, the changes are expected to reduce timelines, enhance transparency, and deliver hassle-free services to investors, PTI […]
GST reforms to boost dairy and fertiliser sectors; lower household costs, aid farmers
The sweeping GST reforms announced this week will give a major push to India’s cooperative and farm sectors by reducing costs, boosting demand, and raising incomes, the Ministry of Cooperation said in a statement.The ministry noted that the reforms will particularly benefit rural enterprises, farmer producer organisations (FPOs), and women-led self-help groups engaged in food […]
Car prices: Mahindra cuts rates by up to Rs 1.56 lakh after GST reform; XUV700, Thar, Scorpio see big drops
Mahindra & Mahindra on Saturday announced a reduction of up to Rs 1.56 lakh across its passenger vehicle range, passing on the benefit of the GST rate cut to customers.The move comes after the revamped Goods and Services Tax (GST) structure was cleared at the 56th GST Council meeting on September 3. The revised prices […]
GST reform: Nirmala Sitharaman calls overhaul ‘a people’s reform’ touching every family; to boost consumption
Calling the landmark GST overhaul a “people’s reform”, finance minister Nirmala Sitharaman said the sweeping rationalisation of tax rates across nearly 400 products will benefit every family, lower household bills, and boost consumption, giving a fresh push to the economy.In an interview to PTI, Sitharaman emphasised that she would personally monitor whether the benefits of […]