Union minister Shivraj Singh Chouhan announced reduced GST rates on agricultural equipment and inputs, aiming to lower farming costs and boost farmer profitability. Exemptions in the dairy sector and streamlined GST refunds for exporters are also expected to benefit producers and increase demand for premium rice varieties. These reforms are projected to enhance competitiveness and…
Crisil Ratings anticipates a 5-6% growth in two-wheeler sales this fiscal year, spurred by recent GST rate rationalization. Passenger vehicles are expected to see a more modest 2-3% increase. The GST cut, effective September 22, lowers rates on various vehicles, boosting affordability and coinciding with the festive season, which should drive stronger demand in the…
Starlink is actively establishing its terrestrial infrastructure in India, engaging in advanced discussions with data center operators, internet exchange providers, and telecom companies. Having secured necessary clearances and trial bandwidth, Starlink is finalizing ground station locations to connect its satellite network. These strategic tie-ups aim to support large-scale satellite connectivity, positioning Starlink to compete in…
RBI announced premature redemption for Sovereign Gold Bond 2020-21 Series VI investors on September 6, 2025, at Rs 10,610 per unit. The redemption price is based on the average gold price from September 3-5, 2025. Investors will receive a 107.35% return, excluding the 2.5% annual interest, on bonds issued at Rs 5,117 per gram.
A high-level committee has proposed a simplified process for low-value investor claims to the IEPFA, potentially reducing timelines and enhancing transparency. The recommendations, once adopted, would apply to claims valued up to Rs 5 lakh in physical securities, Rs 15 lakh in demat securities, and dividends up to Rs 10,000. This initiative aims to deliver…
Sweeping GST reforms are set to boost India’s cooperative and farm sectors by reducing costs and increasing demand, according to the Ministry of Cooperation. Dairy products, food processing items, and agricultural inputs will see significant tax cuts. These changes aim to benefit rural enterprises, FPOs, and women-led self-help groups, while promoting sustainable farming practices and…
Finance Minister Nirmala Sitharaman calls the GST overhaul a people’s reform. Tax rates are rationalized across products. This will lower household expenses and boost consumption. Car companies and insurers have already announced price cuts. Essential goods will become cheaper. The reform simplifies compliance for businesses. It also resolves disputes over product classification.
The government’s sweeping GST rate changes, effective September 22nd, aim to simplify the tax system and boost the economy. These reforms, encompassing rate rationalization and procedural improvements, are projected to ease citizens’ lives and stimulate consumption. Significant rate reductions across various sectors, including daily essentials, dairy products, and automobiles, are expected to contribute to GDP…
The Federation of Seed Industry of India (FSII) has lauded the GST Council’s decision to reduce rates on agricultural inputs, anticipating a boost to the rural economy. However, FSII urges the government to extend similar GST relief to the seed sector, which currently faces a higher tax burden due to input tax credit denials.
Gold futures have surged to a record high of Rs 1,07,807 per 10 grams on the MCX, driven by global economic uncertainty and central bank purchases. Anticipated Federal Reserve rate cuts and ongoing tariff concerns are fueling safe-haven demand. Analysts remain optimistic, noting key support levels that could lead to further gains.
