Tag: GST rate cuts
Economists track GST rate cuts for impact on prices, inflation and festive demand
New Delhi: With GST rate cuts kicking in on Monday, economists are closely watching various aspects, from whether companies pass on the benefits to consumers…
GST 2.0 in action: How govt is making Diwali savings real for consumers
Much like any brand’s annual sale, the government has rolled out its own version with GST 2.0, slashing rates and racing to make sure customers…
Inflation’s ways give room for a rate cut, but RBI may not do it
India’s inflation environment remains benign as reinforced by the latest Consumer Price Index (CPI) print, providing space for potential monetary easing. However, most economists, including…
Piyush Goyal to industry: Pass on full GST rate cut benefits to consumers to boost demand, jobs & growth
Union Minister Piyush Goyal on Monday urged the industry to pass on the full benefits of GST rate cuts to consumers, saying this would boost…
Behind the scenes: Sitharaman chaired 3 separate meetings on GSTN preparedness for GST 2.0
To ensure a glitch-free rollout of the next-generation GST with reduced rates and lesser slabs, Finance Minister Nirmala Sitharaman chaired three separate meetings to assess…
GST overhaul a people’s reform, touches every family: FM Nirmala Sitharaman
Calling the landmark GST overhaul a ‘people’s reform’, Finance Minister Nirmala Sitharaman on Saturday said that rationalisation of rates for a wide swath of products…
GST Diwali Dhamaka has a catch, but govt is watching
The government is keenly monitoring businesses and industry to ensure that the GST rate cuts, effective from September 22, first day of Navratri, reach the…
Trump’s tariff pains, Modi’s GST relief: Govt gives a reform armour to every Indian
When US President Donald Trump doubled tariffs on Indian goods to 50%, concerns rippled through India’s export sectors. Economists warned of slower GDP growth, potential…