GST Reform 2.0, which trims tax slabs from four to two, signals a push for demand-led growth, and together with recent income tax cuts, sets the stage for sustained economic growth, experts said. The Goods and Services Tax (GST) Council on September 3 approved an overhaul of the indirect tax regime by taxing essentials at 5 per cent and other goods at 18 per cent. A new 40 per cent tax will be applicable on luxury and sin items.
'I am doing the drive in making sure that people pass this on. So the drive is not with distrust. The drive is just in case.' 'Just in case it doesn't get passed on, I am here.'
The 18 per cent tax slab is expected to remain the major contributor to GST revenues if the Centre's proposal for a two-tier GST structure and a special 40 per cent rate is implemented, according to a source. At present, the Goods and Services Tax (GST) follows a four-tier structure with rates of 5 per cent, 12, 18, and 28 per cent.
'If the INDIA bloc ever forms the government, they will be more than tempted to use such provisions to bring about regime change in BJP-ruled states.'
England's torrid run in the 50-over format has plunged to alarming depths after they lost their first ODI series to South Africa since 1998.
For a story about sweethearts and heartache, it's a pity that you will likely forget Love In Vietnam in a heartbeat, notes Mayur Sanap.
'I can sanction projects worth Rs 20 trillion annually as of today.' 'But my system is only capable of executing projects worth Rs 3 trillion to Rs 4 trillion.'
'If nominal growth improves and earnings pick up, Indian stock markets could see a rally next year.'
'Marathwada is the suicide capital of Maharashtra.' 'To stop such man-made disasters, the government should immediately come up with a rightful package, not this charitable approach to compensation.'
Of the Rs 474.4 crore insurance cover, the largest component -- Rs 375 crore -- has been allocated towards personal accident cover for volunteers.
'It was like rigorously preparing for a solid, good exam...' 'I don't know what marks I will get, but I felt the rigorous preparation of an exam.' 'You may sweat, but I feel rejuvenated.'
A 35-year-old Sikh man, Gurpreet Singh, died after being shot by Los Angeles police officers following a car chase and confrontation where he wielded a machete.
South Africa's two heaviest defeats have transpired when they fielded first and were accompanied by a lack of discipline as well as dropped chances.
Amazon India is repositioning itself as a comprehensive business partner rather than just an e-commerce platform, slashing seller fees and introducing artificial intelligence-powered tools ahead of the country's crucial festive shopping season that could determine the year's retail performance.
Zero depreciation cover ensures that the insurer pays the full replacement cost of parts such as bumpers, headlamps, side mirrors, and plastic fittings.
Fitch Ratings on Monday affirmed India's sovereign rating at 'BBB-', with a stable outlook, saying a strong record of delivering growth and improving fiscal credibility will drive improvements in structural metrics. "India's ratings are supported by its robust growth and solid external finances," Fitch said, as it forecast GDP growth of 6.5 per cent in the fiscal year ending March 2026 (FY26), unchanged from FY25, and well above the 'BBB' median of 2.5 per cent.
'Are there other ways to reduce the energy airconditioners consume?' asks Ambi Parameswaran.
'Our focus would be to onboard top 100 merchants in top 10 different segments.'
Months after a dress-code controversy involving five-time world champion Magnus Carlsen, the International Chess Federation (FIDE) announced a new dress code for the FIDE Grand Swiss and FIDE Women's Grand Swiss.
'GST reduction will help larger and high-end cars too.'
Contradictory statements from officials have surfaced regarding the post mortem examination in the case of two infants who died after being bitten by rats at a government-run hospital in Indore, Madhya Pradesh. The incident has triggered investigations and disciplinary actions.
'We are increasing our footprint, but other markets also compete - like Indonesia or Vietnam.'
Tourism stakeholders are raising concerns about the safety and environmental impact of ageing diesel-powered safari vehicles operating in Ranthambore Tiger Reserve after a recent breakdown left tourists stranded.
'No one anticipated magical solutions or miraculous interventions.' 'However, people across the entire spectrum -- whether residing in the valley or the hills -- expected the prime minister to dedicate at least five to ten minutes to genuinely listening to the voice of the people.'
'Employers increasingly want candidates who can take AI pilots from proof-of-concept to production-ready systems.' 'That requires governance, monitoring, and ROI measurement -- skills that go beyond coding and into business impact.'
Opposition parties allege the Modi government is attempting to turn India into a 'dictatorship' with the introduction of three Bills that seek to provide for removal of the prime minister, chief ministers and ministers arrested on serious charges, and vowed to oppose it 'tooth and nail'.
India needs Goods and Services Tax (GST) Council-like common platforms between states and the Centre in areas such as land clearances, power, and water to fast-track infrastructure projects to achieve double-digit growth going ahead, said Praveer Sinha, chief executive officer and managing director of The Tata Power Company.
Hemanta, Bidusmita win in junior
The average Indian fraudster isn't an outsider exploiting security loopholes. He's usually a man between 26 and 45 years of age, working in operations or procurement, with more than six years at the organisation.
Indian manufacturing sector witnessed the fastest improvement in operating conditions in over 17 years in August, driven by an increased production efficiency and healthy demand conditions, a monthly report said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) rose from 59.1 in July to 59.3 in August, indicating the fastest improvement in operating conditions for 17-and-a-half years.
'One has to be very mindful because it will be applicable for big tech platforms and even for banks and insurers, whose business is completely different.'
As the continental tournament kicks off on September 9 in Dubai, India will look to lean on this mix of proven winners and new leaders while keeping uncompromising fitness standards at the heart of their preparations.
India's men's compound archery team created history, winning its maiden gold medal at the World Championships, beating France in the final, in Gwangju, South Korea.
Does voter deletion controversy expose critical gaps in ECI verification procedures and safeguards protecting electoral roll integrity?
The finance ministry on Friday said it has proposed a two-slab GST rate structure to the Group of Ministers (GoM), along with special rates for select items.
'In case a particular industry has not passed on the benefits and if we receive complaints, we will take up the matter with the industry body concerned.'
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
State-owned Oil and Natural Gas Corporation (ONGC) has reported a 10 per cent decline in its June quarter net profit on lower oil prices and stagnant production from its aging fields. The company reported a net profit of Rs 8,024 crore in the first quarter of 2025-26 fiscal year, compared to Rs 8,938 crore earning in the same period last year, a company statement said.
The Supreme Court of India has formed a Special Investigation Team (SIT) to investigate allegations of non-compliance with laws and irregularities at Vantara, a Green Zoological Rescue and Rehabilitation Centre in Gujarat. The SIT will examine the acquisition of animals, compliance with wildlife protection laws, and other related issues.
The festival's People's Choice Award, voted by the audience, is a strong indication of films that can eventually be nominated and even win Oscars. Twelve of the last 15 People's Choice winners have received Best Picture Oscar nominations.
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