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Searched Tag: economy news
The tax rate on non-economy flight tickets, which is now at 18 per cent, will also have the Input Tax Credit (ITC). The GST on economy class tickets, however, remains unchanged at 5 per cent

Flying luxury may burn a hole in your pocket from Sept 22

September 4, 2025, 08:42 PM - 3 min read

With business and premium economy flight tickets to cost more on higher GST rates from September 22, flying ‘high’ may not be that easy after all

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During an interaction with National Teacher awardees in New Delhi on Thursday, the Prime Minister said “five new gems (panch ratna)” have now been added to India’s economy through the GST reforms to support its growth

Simpler GST 'double dose of happiness' before Diwali: PM Modi

September 4, 2025, 08:20 PM - 2 min read

During an interaction with National Teacher awardees in New Delhi on Thursday, the Prime Minister said “five new gems (panch ratna)” have now been added to India’s economy through the GST reforms to support its growth

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The domestic unit’s value dropped to 88.14 (provisional) against the US dollar on Thursday as foreign fund outflows persisted and the dollar gained strength

Rupee falls 12 paise to close at 88.14 against USD

September 4, 2025, 07:55 PM - 2 min read

The domestic unit’s value dropped to 88.14 (provisional) against the US dollar on Thursday as foreign fund outflows persisted and the dollar gained strength

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At the country's first dedicated aluminium extrusion exhibition, ALUMEX India 2025, ALEMAI (Aluminium Extrusion Manufacturers Association of India) asked for import duties on aluminium extrusions to be reviewed so that domestic demand and consumption may increase

High imports dampener for domestic demand of alum extrusions

September 4, 2025, 07:41 PM - 3 min read

At the country's first dedicated aluminium extrusion exhibition, ALUMEX India 2025, ALEMAI (Aluminium Extrusion Manufacturers Association of India) asked for import duties on aluminium extrusions to be reviewed so that domestic demand and consumption may increase

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Garments, including apparel and textiles which are knitted, and whose sale value does not exceed ₹2,500 per pair, have been put in the 5 per cent GST slab from a previous 12 per cent slab, but those exceeding ₹2,500 per pair will be taxed at the previous 18 per cent

Garment ind unhappy with higher GST, says will hurt middle class

September 4, 2025, 07:01 PM - 3 min read

With the GST on garments categorised on the basis of their M.S.P., garment industry bodies say the move will make a dent in middle-class affordability and weaken the country’s retail and garment sector

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The government’s decision to slash GST rates on renewable energy devices and parts from 12 per cent to 5 per cent is expected to give a big push to the Centre’s green energy goals

Push to clean energy as tax lowered on devices

September 4, 2025, 05:43 PM - 4 min read

The government’s decision to slash GST rates on renewable energy devices and parts from 12 per cent to 5 per cent is expected to give a big push to the Centre’s green energy goals

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A rate cut on several dairy products, fertilisers, bio-pesticides, and agricultural equipment by the GST Council in its latest Goods and Services Tax reforms is being widely seen as a farmer-friendly move that will boost the country’s agrarian economy

Farmers hail GST rate cuts on agri products as ‘Diwali gift’

September 4, 2025, 05:20 PM - 3 min read

A rate cut on several dairy products, fertilisers, bio-pesticides, and agricultural equipment by the GST Council in its latest Goods and Services Tax reforms is being widely seen as a farmer-friendly move that will boost the country’s agrarian economy

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A rally of technology stocks on the Wall Street steadied Asian stocks as the dollar further slid

World shares higher after tech stock rally on Wall Street

September 4, 2025, 04:15 PM - 4 min read

A rally of technology stocks on the Wall Street steadied Asian stocks as the dollar further slid

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Not only will this step bring relief to patients and their families, improve accessibility of medicines and quality healthcare, it will also reduce the financial strain on healthcare providers, opined pharmaceuticals and healthcare industry players on Thursday

Pharma ind terms GST cut on drugs, medical supplies 'historical'

September 4, 2025, 03:47 PM - 3 min read

The GST Council has made a bold move to remove GST on 33 life-saving drugs and three critical drugs, placing healthcare above profit, said representatives from top pharmaceutical companies in India

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Expectedly, insurance stocks soared on Thursday, with Star Health and Allied Insurance Company surging over 9 per cent, Niva Bupa Health Insurance Company zoomed 9 per cent, ICICI Prudential Life Insurance Company jumped 5.70 per cent, ICICI Lombard General Insurance Company rallied 5 per cent, Life Insurance Corporation of India climbed 5 per cent, HDFC Life Insurance Company went up 4.90 per cent and SBI Life Insurance Company surged 4.88 per cent on the BSE

Insurance stocks shine as life, health insurance exempt from GST

September 4, 2025, 03:06 PM - 5 min read

One of the many outstanding decisions of the rationalisation is that GST has been exempted on individual life insurance, including term, ULIP, and endowment plans and reinsurance services. Currently, premium payment on such policies attracts an 18 per cent tax

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The new tax slabs are now limited 5 per cent and 18 per cent, effective from September 22, the first day of Navaratri

Sensex jumps 900 points as auto stocks surge on GST reforms

September 4, 2025, 12:38 PM - 5 min read

The mood was celebratory for the Indian stock markets as benchmark equity indices Sensex and Nifty surged in early trade on Thursday after the GST Council approved a complete overhaul of the eight-year-old Goods and Services Tax regime

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In its latest anniversary offering, telecommunications giant, Reliance Jio, has rolled out free unlimited data for its users, the company said on Wednesday.

Jio unveils unlimited free data offering to mark 9th anniv

September 3, 2025, 08:07 PM - 2 min read

Reliance Jio said on Wednesday it’s offering its subscribers unlimited data free of cost for a month from September 5 to mark nine years of Jio

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