Try GOLD - Free
Cement firms may get room to cut prices
Financial Express Kolkata
|September 03, 2025
Prices per bag likely to see a fall of ₹10-30
CEMENT COMPANIES MAY soon find themselves playing a delicate balancing act — reaping the benefits of a proposed cut in Goods and Services Tax (GST), while deciding how much of that relief to pass down the supply chain.
According to sources close to the development, the GST Council is set to approve a cut in tax on cement from 28% to 18%. This will mean that cement companies have some headroom to lower prices at a time when the market is seeing demand softness.
The industry is currently grappling with muted demand, weighed down by seasonal monsoon weakness and muted offtake across several regions, analysts observed.
This story is from the September 03, 2025 edition of Financial Express Kolkata.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Kolkata
Financial Express Kolkata
Sandesara brothers deposit ₹5,100 cr
Total recovery nearly double of %5,383-cr fraud
1 min
December 12, 2025
Financial Express Kolkata
Silver futures hit record high of ₹1.93L
EXTENDING THE RECORD- BREAKING run to a third day, silver prices scaled a fresh peak of %1,93,720 per kg in the futures trade on Thursday fol- lowing strong global trends and a rate cut by the US Fed.
1 min
December 12, 2025
Financial Express Kolkata
Goyal: If happy with our offer, US should sign pact
THE US SHOULD sign a trade agreement with India if it feels that the offer made by the country in the negotiations is the best it has received from any other country, Commerce and Industry Minister Piyush Goyal said on Thursday.
1 min
December 12, 2025
Financial Express Kolkata
Affordability isn’t a hoax, also not a crisis for most
WHEN SOMEONE TELLS you that they are struggling, it is generally a good rule of thumb to take them seriously.
3 mins
December 12, 2025
Financial Express Kolkata
Exports can reach $1 bn every year, says Goyal
UNION COMMERCE MINISTER Piyush Goyal on Thursday pegged the Kolhapuri chappal exports to be a $1-billion per year opportunity.
1 min
December 12, 2025
Financial Express Kolkata
Easier audit standards for smaller firms soon
ICAI prepares new less-intrusive norms for closely held units, seeks NFRA approval
1 min
December 12, 2025
Financial Express Kolkata
Finmin streamlines recruitment for PSBs
THE FINANCE MINISTRY has undertaken several initiatives aimed at streamlining the timelines for recruitment examinations for the public sector banks and declaration of their results.
1 mins
December 12, 2025
Financial Express Kolkata
RBI buys ₹50K-cr bonds via OMO, first since May
THE RESERVE BANK of India on Thursday completed the first of two open-market bond purchases for December, taking its debt buys this financial year to a record ₹3.16 lakh crore.
1 mins
December 12, 2025
Financial Express Kolkata
Microsoft ties up with 4 IT firms to boost agentic AI
IT MAJORS TO REDESIGN WORKFLOWS AROUND HUMAN-AGENT COLLABORATION
1 mins
December 12, 2025
Financial Express Kolkata
RBI relaxes transaction account norms for banks
THE RESERVE BANK of India (RBI) on Thursday released the final guidelines on transaction account directions and introduced key relaxations while maintaining the overall principle-based framework, easing bank norms related to opening and maintenance of cash credit, current and overdraft accounts.
1 mins
December 12, 2025
Listen
Translate
Change font size