Creative Bharat
Calling the landmark GST overhaul a “people’s reform”, finance minister Nirmala Sitharaman said the sweeping rationalisation of tax rates across nearly 400 products will benefit every family, lower household bills, and boost consumption, giving a fresh push to the economy.In an interview to PTI, Sitharaman emphasised that she would personally monitor whether the benefits of […]
The 56th GST Council’s decision to rationalise Goods and Services Tax (GST) rates has drawn strong support from India Inc, with senior finance leaders across industries calling it a timely reform that will spur demand, ease compliance, and free up working capital. The GST Council this week approved a two slab rate structure of 18% […]
Representative Image (AI-generated) Life Insurance Council, a forum for stakeholders in the sector, has requested the GST Council and the finance ministry to reduce GST on agents’ commissions from 18% to zero. The request comes after GST on premiums and reinsurance were brought down to zero.The council feels that if agents’ commissions continue to attract […]
The GST Council had announced a major simplification by moving to a two-tier tax structure of 5 per cent and 18 per cent, effective from September 22, 2025, with a few selected items attracting a higher rate of 40 per cent. Under this reform, investment advisory firm HDFC Tru noted in its report that the […]
The GST Council’s decision to slash tax rates on everyday essentials and personal-use products ahead of the festive season is expected to revive domestic consumption, lift rural demand, and strengthen growth in the FMCG sector, industry leaders said on Thursday.According to news agency PTI, FMCG companies plan to pass on the benefits to consumers either […]
The GST Council’s decision to slash tax rates on everyday essentials and personal-use products ahead of the festive season is expected to revive domestic consumption, lift rural demand, and strengthen growth in the FMCG sector, industry leaders said on Thursday. According to news agency PTI, FMCG companies plan to pass on the benefits to consumers […]
India faces an affordable housing shortfall of 9.4 million units, a gap expected to swell to 30 million by 2030. While demand continues to rise, new supply has slowed, and limited private investment has further widened the deficit. Closing this gap will require bold reforms and coordinated efforts by government, developers, financial institutions, and civil […]
India’s proposed Goods and Services Tax (GST) reforms could help soften the blow of steep US tariffs and give a lift to household spending, BMI, a Fitch Solutions company, said on Thursday.The government is planning to lower tax rates on items commonly used by the public, a move that BMI believes will boost consumption and […]
Industry body CII has unveiled a sweeping reform blueprint aimed at accelerating India’s economic transformation, calling for a simplified GST structure, rationalised tariffs, new employment policies, and greater trade competitiveness.The Confederation of Indian Industry (CII), in its report “Policies for a Competitive India”, has put forward over 250 actionable recommendations across 14 critical areas. The […]
The government has established two high-level committees comprising secretaries, technocrats and economists, with former Cabinet Secretary Rajiv Gauba, a full-time NITI Aayog member, as their chairperson, according to ET sources.Simultaneously, a distinct committee under Cabinet Secretary TVS Swaminathan is addressing deregulation matters at the state level.One of the Gauba-led committees aims to achieve Viksit Bharat […]
