يحاول ذهب - حر
Relief for cement cos, but demand stalls
September 05, 2025
|Mint Chennai
The Goods and Services Tax (GST) Council has slashed the rate on cement from 28% to 18%, a move aimed at boosting construction activity.
"...because cement is so essential for the middle class when building homes, that is why the 28% has been reduced to 18%," finance minister Nirmala Sitharaman said late Wednesday while addressing the media after the GST Council meeting. The change will be effective from 22 September.
The decision, a long-pending demand of the industry and consumer groups, is expected to reduce the effective billing price of cement by nearly ₹30 per bag, according to a 24 August Yes Securities note.
The two largest cement makers, Aditya Birla Group's UltraTech Cement Ltd and Adani group's Ambuja Cements, closed 0.64% and 1.05% lower on the stock exchange, even as the benchmark Nifty closed almost unchanged.
هذه القصة من طبعة September 05, 2025 من Mint Chennai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Mint Chennai
Mint Chennai
Oct WPI slows to 27-month low amid food price decline
India’s wholesale inflation fell to a 27-month low in October on the back of record low food prices, provisional data from the ministry of commerce and industry showed on Friday.
2 mins
November 15, 2025
Mint Chennai
Wakefit boosts listing size, seeks pre-IPO fundraise
Home-furnishings brand Wakefit is gearing up for a ₹1,400-crore public listing in early December, three people with knowledge of the matter said.
1 mins
November 15, 2025
Mint Chennai
Nitish Kumar to rule Bihar, again
Women voters and BJP alliance help the JD(U) return as the undisputed king in the eastern state, while the opposition floundered
5 mins
November 15, 2025
Mint Chennai
Blue Origin's new rocket launches 1st Nasa mission
Blue Origin Llc launched its flagship New Glenn rocket from Cape Canaveral on Thursday in a crucial test for Jeff Bezos' space company in its quest to challenge Elon Musk’s SpaceX.
1 mins
November 15, 2025
Mint Chennai
Stepping up to the plate
\"There are,\" wrote Julian Barnes with the certainty born of experience in The Pendant in the Kitchen, “certain dishes always best eaten in restaurants, however tempting the cookbook version appears.”
1 mins
November 15, 2025
Mint Chennai
Day to night: Dressing up the power suit
Stylists suggest ways to style five kinds of blazers to help you power through the day
3 mins
November 15, 2025
Mint Chennai
Tata Motors PV slips into a loss in Q2 as JLR woes mount
JLR cuts operating profit margin guidance for 2025-26 fiscal year amid multiple headwinds
3 mins
November 15, 2025
Mint Chennai
NDA takes the crown in Bihar again, but fiscal squeeze looms
Amid the celebrations, the NDA faces a sobering reality of the state's fiscal situation. Bihar has a revenue base of ₹2.4-2.6 trillion, but nearly 60% of its revenue receipts are pre-committed to salaries, pensions and interest payments, shows government data.
1 mins
November 15, 2025
Mint Chennai
Delhi gets adventurous with south Indian food
Restaurants serving hyperlocal and community-specific cuisines from south India are taking over the city's dining scene
4 mins
November 15, 2025
Mint Chennai
When food influencers discover ‘hidden gems’
It's a social media magic trick to package old wine in new bottles, but influencers don't realise that it is familiarity and connection to the neighbourhood that makes such places truly precious
5 mins
November 15, 2025
Listen
Translate
Change font size