GST 2.0 reforms are poised to alleviate the impact of US tariff hikes, offering crucial support to sectors like textiles and automobiles. Stakeholders anticipate the rationalization, merging rates into two slabs, will boost domestic demand and offset global trade pressures. Experts believe the move will lower inflation, increase growth, and benefit both consumers and industries.
Banks across multiple Indian states remained closed on September 5 due to Id-E-Milad and Thiruvonam, as per the RBI holiday calendar. While digital banking services continued uninterrupted, physical branch visits were necessary for certain transactions. Maharashtra, however, shifted the Eid-e-Milad holiday in Mumbai to September 8, 2025, impacting government securities and related markets.
Gold price prediction today: Gold futures on MCX are trading near record highs, prompting a ‘buy on dips’ strategy. Technical indicators suggest continued strength, with analysts recommending buying opportunities near ₹1,06,500, setting stop-loss at ₹1,06,150.
Asian shares climbed, mirroring Wall Street’s record close, as investors awaited crucial US jobs data influencing potential Federal Reserve rate cuts. Japan’s Nikkei surged following positive labor and spending data, further boosted by reduced US tariffs on car imports.
Commerce Minister Piyush Goyal assured that reduced GST rates would directly benefit citizens, with industries committed to passing on gains. He highlighted trust in stakeholders and monitoring mechanisms for compliance, dismissing revenue shortfall concerns due to robust tax collections. The GST structure addresses diverse needs, offering relief in healthcare and aiming to simplify compliance and…
SBI projects India’s GST revenue loss from recent rate cuts at Rs 3,700 crore in FY26, significantly lower than earlier estimates due to robust consumption and improved tax compliance. Experts anticipate that these reforms, part of GST 2.
Stock market recommendations: Bajaj Broking Research suggests Adani Ports and Jayaswal Neco Industries as top stock picks for September 5, 2025. NIFTY is expected to consolidate between 24,400 and 25,000. A move above 25,000 could lead to 25,250.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Friday as the market continued to react positively to GST rate cute announcements. While Nifty50 was above 24,800, BSE Sensex was up almost 300 points.
The GST Council has streamlined taxes for unmanned aerial vehicles, setting a 5% GST for commercial drones. Military drones and related equipment now have a 0% GST. This decision aims to boost the drone industry, currently valued at ₹2,500 crore with significant startup investment.
Navratri brings good news for consumers as FMCG companies like Amul, Mondelez, and Godrej Consumer plan to pass on GST cuts, leading to reduced prices on larger packs of items like namkeen and ice cream. This move aims to boost consumption, especially in urban areas, where demand has been sluggish due to inflation.
