Category: Economy
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New GST Rates List Live Updates: GST 2.0 Comes Into Effect Today
GST 2.0 has come into effect from September 22, 2025, simplifying tax slabs and lowering rates on essentials under the “GST Bachat Utsav.” The new system introduces 5%, 18%, and 40% brackets, expected to boost consumption and save citizens Rs. 2.5 lakh crore
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Patanjali cuts prices after GST rate reduction, toothpaste to ghee now cheape
New Delhi: Consumers will now have to pay less for Patanjali’s popular products, from Dant Kanti toothpaste to Kesh Kanti shampoo, following a reduction in Goods and Services Tax (GST) rates. Patanjali Foods Ltd announced a price cut across a wide range of items, passing on the benefit of the government’s recent tax relief directly…
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Trump’s H-1B Visa Shock, India-Pak Handshake Row, Homebound To Oscars & More: The Week That Was In Pics
From Trump shocking $100,000 H-1B visa fee to the launch of iPhone 17 and the kick-off of GST Bachat Utsav, India saw controversies, honors, and tragedies this week. Here is a wrap of all that happened this week. Take a look.Donald Trump has introduced a new policy imposing a $100,000 fee on new H-1B visa…
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GST Rate Cuts on Automobiles & Transport: What’s Cheaper Now and Why It Matters
GST cuts slash rates on bikes, cars, tractors, buses, and trucks. Cheaper vehicles will boost demand, create jobs, and benefit MSMEs. Logistics costs fall, making transport and exports more competitive.
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CII Pushes Reform Agenda: Simplified GST, Jobs for Gig Workers, and Growth Roadmap for Viksit Bharat 2047
CII’s report “Policies for a Competitive India” proposes over 250 reforms to accelerate growth and make India a developed nation by 2047. Key recommendations include a simplified GST structure, inclusion of petroleum and real estate, and a national employment policy for gig workers. The agenda also calls for privatisation, energy reforms, industrial corridors, and green…
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ICRA Forecasts 6–9% Growth in Two-Wheeler Sales for FY2025-26
ICRA projects a 6–9% rise in two-wheeler sales in FY2025–26, driven by replacement demand, urban recovery, and rural income growth. GST rate cuts and the upcoming festive season are expected to give an additional push to sales. July 2025 saw 9% wholesale growth to 1.5 million units, though retail sales dipped 6.5% due to weak…
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FADA Urges Centre to Implement New GST Rates Quickly to Save Festive Vehicle Sales
FADA has urged the Centre to implement new GST rates immediately to prevent festive season sales losses. Dealers say customers are postponing purchases during Onam, Vinayaka Chavithi, Dussehra, and Diwali due to tax uncertainty. FADA also asked banks and NBFCs to extend short-term loan repayment by 30–45 days to ease dealer financial pressure.
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Fitch Keeps India’s Sovereign Rating at BBB-Minus with Stable Outlook
Fitch Ratings has kept India’s sovereign credit rating at BBB-minus with a stable outlook. Strong growth, forex reserves, and manageable debt supported the decision, but high deficit and low per-capita income remain constraints. BBB-minus is the lowest investment-grade rating, just above “junk” status, meaning India can still borrow at affordable rates globally.
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Many car buyers are delaying purchases amid expectations of a GST rate cut on vehicles. Dealers fear a festive-season slowdown
Many buyers are delaying car purchases, waiting for a possible GST rate cut on vehicles. Dealers fear festive season sales may drop as bookings are postponed. A GST reduction from 28% to 18% could lower car prices by Rs.70,000–1.5 lakh.
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Did You Know India Pays Over ₹12 Lakh Crore in Interest on Loans?
Government’s loan burden touches ₹185.94 lakh crore in FY25 Debt-to-GDP ratio falls to 56.1% in FY26 BE from 61.4% in FY21 India aims to reduce loan burden to 50% of GDP by 2031