New Delhi: Union Agriculture and Rural Development Minister Shivraj Singh Chouhan on Saturday said that the recent reduction in Goods and Services Tax (GST) rates on agricultural equipment will significantly lower farming costs and enhance farmer profits. Speaking to the media in Bhopal, Chouhan explained that GST on bio-pesticides and micro-nutrients has been reduced, encouraging...
New Delhi: In a landmark reform, the government has abolished Goods and Services Tax (GST) on a wide range of weapons, military aircraft, and defence equipment, while drastically reducing GST on drones from 28% to just 5%. The move is expected to provide a major push to India’s defence manufacturing ecosystem. Chief of the Army...
Mumbai: Diwan Arun Nanda, one of India’s most iconic advertising leaders and co-founder of Rediffusion, passed away on Saturday at the age of 76. His funeral will be held on Sunday, September 7, at Worli Crematorium in Mumbai at 11 a.m. An alumnus of IIM Ahmedabad, Nanda was the institute’s first gold medallist from its...
Chandigarh: Haryana Chief Minister Nayab Singh Saini on Saturday described the recently announced GST reforms as a historic move that will benefit every section of society, particularly farmers, the poor, and the middle class. He said the decision to slash GST rates on commonly used items will reduce inflation, increase savings for the middle class,...
Union Finance Minister Nirmala Sitharaman on Friday said that the recent GST rate cut will help boost domestic growth and counter the adverse impact of the US’s 50% tariff hike on Indian exports. Speaking in an interview, she stressed that India will continue to buy Russian oil based on economic considerations, as crude oil remains...
New Delhi: After completing the rationalisation of Goods and Services Tax (GST), the Narendra Modi-led government is now preparing to roll out a relief package for Indian exporters impacted by steep tariffs imposed by US President Donald Trump. According to official sources, the package is expected to provide targeted support to sectors struggling under the...
Industry leaders in India’s electronics and home appliance sector have welcomed the recent GST rationalisation, describing it as a landmark reform that will simplify taxation, enhance disposable incomes, and revive consumer demand. The government has reduced GST on key home appliances, including air conditioners, large-screen televisions, dishwashers, refrigerators, washing machines, vacuum cleaners, microwave ovens, and...
The recent decision to reduce GST rates on a range of dairy products to 5 per cent is expected to have significant benefits for both consumers and farmers, according to K. Rathnam, CEO of Milky Mist Dairy Food Ltd. The Tamil Nadu-based dairy company executive said the move would make nutritious and value-added products such...
New Delhi: India and Singapore on Thursday outlined a comprehensive roadmap to deepen their strategic partnership, with Prime Minister Narendra Modi and Singaporean Prime Minister Lawrence Wong reaffirming their commitment to strengthen cooperation across multiple sectors. The talks focused on expanding bilateral trade, enhancing market access, and jointly addressing global disruptions in supply chains. The...
New Delhi: The GST rate on garments priced above Rs 2,500 per piece has been increased from 12% to 18%, a move that industry bodies warn will raise prices and affect middle-class affordability. The Retailers Association of India (RAI) and the Clothing Manufacturers Association of India (CMAI) welcomed the new two-slab GST structure and the...