Tag: GST cuts
Economy enters H2 on firm footing as GST cuts lift consumption: Finmin
New Delhi: The Indian economy is on a firm foundation as it entered the second half of this fiscal year, positioning it to manage risks…
India sees an upward economic growth target revision with a warning on Trump tariffs
India GDP Growth Target: BMI has revised the growth target for Asia’s third largest economy by 0.5 percentage points for this fiscal year that ends…
ET Graphics: October inflation eases to record low after GST cuts
Prices dropped in October following the recent goods and service tax (GST) rationalisation. The reduction in GST rates, from 12% to 5% and 28% to…
GST reforms to aid consumption, boost private capex: Assocham President Sanjay Nayar
The recent goods and services tax (GST) relief, on top of the income tax breather this year, may offer private firms what they want in…
Factory activity slows to 4-month low in September
India’s manufacturing activity slowed to a four-month low of 57.7 in September as growth in new orders, output and input buying rose at the slowest…
IIP growth in August eases to 4% over manufacturing dip
India’s industrial output growth eased marginally to 4% year-on-year in August due to a slowdown in manufacturing, but economists expect production to rebound in the…
GST 2.0: Centre monitoring whether e-commerce platforms are passing on tax benefits to consumers
The government is closely monitoring whether the recent Goods and Services Tax (GST) reduction on fast-moving consumer goods (FMCG) is being reflected in lower prices…
GST cuts to boost economy, but revenue loss could hit banking sector: Report
While the government has estimated an annual revenue loss of about Rs 480 billion, due to the reduced Goods and Services Tax (GST) rates on…
PMO seeks India Inc’s inputs on impact of additional US tariff
New Delhi: The Prime Minister’s Office (PMO) has reached out to large corporations, seeking their inputs on blunting the impact of the additional US tariff…
No tax cut, but luxury goods cos hopeful of indirect gains
Makers of luxury goods, jewellery, high-end bikes and premium chocolates, which will attract the same or slightly higher goods and service tax rates, are increasing…