Prime Minister Modi urged the people of the country to take pride in selling and buying indigenous goods.
Two-wheeler sales volume is expected to grow 5-6 per cent this fiscal, while that of passenger vehicles to see a 2-3 per cent rise, following the GST rates rationalisation on automobiles, according to Crisil Ratings. The GST Council's decision to move to a two-rate structure of 5 per cent and 18 per cent, effective September 22, 2025, is a timely move that will revive demand for automobiles, Crisil Ratings said in a statement.
Daily essentials and food products will be cheaper from Monday, as leading FMCG companies have slashed prices, extending GST cut benefits to consumers.
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.
'Legally clean farmland is difficult to find. It requires time, money, and legal effort to verify the title.'
These changes certainly bring India's GST a lot closer to what an ideal GST would look like, points out Karan Bhasin.
'Investing in these funds makes sense if their net yield over better-quality funds -- corporate bond funds or banking and PSU funds -- is meaningful.'
'Immigrants have always been America's greatest strength, building prosperity, breakthroughs, and communities that enrich us all. Instead of embracing that strength, Trump is clamping down on every form of immigration, tearing families apart, destabilising businesses, and weakening our economy'
BSE 200 companies together paid 5,819.75 crore as remuneration to their CEOs and directors in FY25, up from 5,352.8 crore a year earlier.
'Ek baar aap GST dekh lo!' - Prime Minister Narendra Modi's gentle nudge to Finance Minister Nirmala Sitharaman in December last year sparked the beginning of a mammoth exercise to overhaul the tangled goods and services tax regime. And the final outcome is a significantly simplified system with lower tax rates and easier compliance for businesses.
Simplifying GST rates, removing exemptions, easing disputes, and speeding up refunds can boost investment in India and offer the best reply to Trump's tariffs, observes V S Krishnan, former member, Central Board of Indirect Taxes and Customs.
Asia's richest man Mukesh Ambani drew nil salary from his oil-to-telecom-and-retail conglomerate Reliance Industries for the fifth year in a row and dividends remain his main source of earnings. Ambani, 68, had capped his annual remuneration at Rs 15 crore from financial year 2008-09 (April 2008 to March 2009) to 2019-20 (FY20); and since FY21, he opted to forego his salary, due to COVID-19 pandemic, until the company and all its businesses were fully back to their earnings potential.
'People ask me about my biggest action sequence; this is it, because it involved two giants of Indian cinema.'
A special court acquitted seven accused in the 2008 Malegaon bomb blast case, citing a lack of cogent and reliable evidence. The court emphasized that mere suspicion cannot replace real proof and highlighted loopholes in the prosecution's case.
Nearly 17 years after a blast in Malegaon town of north Maharashtra claimed six lives, a special court in Mumbai on Thursday acquitted all the seven accused, including former Bharatiya Janata Party MP Pragya Singh Thakur and Lieutenant Colonel Prasad Purohit, noting there was 'no reliable and cogent evidence' against them.
Artisans from Maharashtra have cried foul after footwear similar to the famous Kolhapuri chappals featured in Prada's show. They alleged violation of geographical identification (GI) rights.
The life insurance industry does not have a good track record when it comes to passing on tax benefits to policyholders, points out Harsh Roongta.
'It's important for India to think about areas where it wants the US to move.' 'We can be far more innovative in what we ask the US.' 'Given that there's a package deal, why not do it?'
India's second-largest IT company Infosys on Thursday reported an 11.7 per cent decline in consolidated net profit to Rs 7,033 crore for the March quarter. It had posted a profit (attributable to owners of the company) of Rs 7,969 crore in the year-ago period.
There is no guarantee that if we speak in only Indian languages, all our faults will be washed away and India will shine. Why then do they bully and belittle the English-speaking? asks Shyam G Menon.
The unspoken subject of Mithya is violence, and the big zinger here is our recognition that the movie is showing us the makings of a juvenile delinquent -- perhaps the finest since Truffaut unleashed his Antoine Doinel, applauds Sreehari Nair.
In accordance with Supreme Court directives to the states, the Madhya Pradesh cabinet approved MP Mob Lynching Victim Compensation Scheme 2023, said minister for medical education Vishwas Sarang after the cabinet meeting.
The government has slapped a $2.81 billion (about Rs 24,500 crore) demand notice on Reliance Industries and its partners, including BP Plc for gains made from producing and selling natural gas that may have migrated from neighbouring block of state-owned ONGC. This follows the Delhi high court's decision on February 14, overturning an international arbitration tribunal ruling that held the duo not responsible for paying any compensation for the gas they produced and sold which had allegedly migrated from adjoining fields.
Cognizant has said it aims to be back among India's top four IT services companies by 2027 by improving revenue, market share, bagging large deals, and gradual margin expansion. The Nasdaq-listed company does a major part of its business in India, but has trailed peers such as Tata Consultancy Services and Accenture over the last few years as growth tapered, margins squeezed, and attrition soared.
Net profit of 19 listed banks is likely to decline by 4 per cent year-on-year (Y-o-Y) for the quarter ended March (Q4FY25) mainly due to pressure on net interest margins (NIM) as a result of rate cut by the Reserve Bank of India (RBI), according to analysts' estimates. Additionally, loan growth is expected to further slowdown amid low demand in certain secured products, stress in the unsecured segment, and a high cost to deposit (CD) ratio across the system.
The 31st meeting of the Goods and Services Tax (GST) Council, held in December 2018, deferred a decision to reduce the GST rate for cement from 28 per cent to 18 per cent. This was despite recognising that cement - along with automobile parts - remained among the few mass-consumption items still taxed at the highest slab, which was originally meant for luxury and sin goods.
West Bengal Chief Minister Mamata Banerjee has accused the Border Security Force (BSF), central agencies, and the BJP of fanning tension in Murshidabad by allegedly facilitating cross-border influx from Bangladesh. She also urged Prime Minister Narendra Modi to keep the Union Home Ministry under control. Banerjee has announced a compensation of Rs 10 lakh each for the families of three people killed during the violence and directed the state chief secretary to initiate a probe into the role of the BSF.
If you're doing the work, if you're delivering results and contributing to the success of your team or organisation, you deserve to be compensated equitably, says Sonica Aron, founder of HR consultancy firm Marching Sheep.
'We never waste a crisis. There will be learning and the supervisory tools will get better with each episode.'
Uttar Pradesh Chief Minister Yogi Adityanath, known for his hardline Hindutva views and 'bulldozer justice' approach, has spoken out about his policies toward Muslims, the Waqf board, and his vision for India. He asserts that Muslims will receive a fair share of development in Uttar Pradesh, but not special concessions. He also criticizes the Waqf board for its alleged appropriation of government properties and calls for its reform. Adityanath defends his 'bulldozer justice' policy, claiming it is necessary for infrastructure development and removal of encroachments. He also discusses his vision for India, emphasizing the importance of Hindi as a national language and the need for unity across different linguistic groups.
The Defence Research and Development Organisation is inviting applications from graduates and post-graduates for DRDO internships in the defence and aerospace sectors.
In the months immediately following the 2024 tragedy, reporting on the landslide per se had been a straightforward affair. On one side was death and destruction. On the other side, survivors and the business of survival. It was black and white. What direction to take was clear. Rehabilitation in comparison, felt like a complex situation. One that is fraught with shades of grey. As grey as human life, explains Shyam G Menon.
The biggest risk in under-construction projects is delay and non-completion.
'If the BJP detoxifies the nuclear liability law, it will bring economic, environmental and, most of all, strategic benefits.' 'Let's keep our fingers crossed and hope that this Budget promise is met soon -- ideally, before Mr Modi heads to his first meeting with Trump 2.0,' observes Shekhar Gupta.
Air India has given more time to pilots to accept the revised compensation structure, which has been opposed by two pilot unions, according to a source. The decision to provide more time to pilots who are yet to sign the new contracts also comes days after Air India organised a town hall meeting with many pilots to discuss their concerns. The source said the airline has given time till the end of this week for signing the new contracts apparently due to requests from people who had not earlier accepted the revised compensation structure.
The share of companies where it would take over 100 years for a median employee to earn the equivalent of their top executive's annual salary rose to 65 per cent in FY24 from 61 per cent in FY19.
The Centre on Wednesday increased the Dearness Allowance (DA) by 3 percentage points effective from July 1 this year, benefitting more than 1 crore employees and pensioners ahead of the Diwali festival. The Union Cabinet has approved to increase Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners by three percentage points of the basic pay/pension ahead of Diwali, Union Minister Ashwini Vaishnaw said after the Cabinet meeting.
In a significant verdict, the Supreme Court on Tuesday upheld the validity of land acquisition for the integrated development of the Yamuna Expressway and its adjoining areas in Gautam Budh Nagar, Uttar Pradesh.
10 largecaps stocks which stand to gain from the Budget.
Union Finance Minister Nirmala Sitharaman on Monday said GST compensation to some states is delayed due to non-availability of AG's authenticated certificate, and that Kerala has not sent even a single such certificate since 2017-18. Replying to a supplementary question, she also said that Rs 86,912 crore has been released for the Goods and Services Tax (GST) compensation payable to all states up to May 31, 2022. She said as per law, GST Council decides to whom the GST compensation is to be released, not by the central government.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances