Prøve GULL - Gratis
Small Cars May See GST Rate Cut
Mint Bangalore
|August 19, 2025
India aims to slash taxes on small cars and insurance premiums as part of a sweeping reform of its goods and services tax (GST), a government official said on Monday, sparking a rally in Indian stock markets.
Prime Minister Narendra Modi's administration revealed plans over the weekend for the largest tax overhaul since 2017, with consumer, auto and insurance companies likely to emerge as the biggest winners when product prices drop from October, once the reform is approved.
The federal government has suggested lowering GST on small petrol and diesel cars to 18% from the current 28%, said the official who is directly involved in the matter.
The consumption tax on health and life insurance premiums may also be lowered to 5% or even zero from 18% currently, the same official said.
Denne historien er fra August 19, 2025-utgaven av Mint Bangalore.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Bangalore
Mint Bangalore
Spy satellites next frontier for India's spacetech startups
India's bet to open spacetech to private companies five years ago has spawned startups that are already earning millions of dollars by sharing agriculture and climate data collected by the satellites they launched.
1 min
January 16, 2026
Mint Bangalore
Does Infosys Q3 signal revival?
Infosys Ltd delivered sequential constant currency (CC) revenue growth of 0.6% in the December quarter (Q3FY26), beating the consensus estimate of 0.3%, despite seasonality and a drop in third-party revenue.
1 mins
January 16, 2026
Mint Bangalore
China’s propaganda playbook for targeting rivals
When Beijing wants to intimidate its rivals, it has an extensive—and often menacing—playbook to draw from.
4 mins
January 16, 2026
Mint Bangalore
Data governance failures are too costly: Here's what must be done
Mastering how best to govern data isn't just about safety. A variety of benefits can combine to spell a competitive advantage
3 mins
January 16, 2026
Mint Bangalore
Retail share in NSE trade hits 10-yr low
The share of direct retail participation in India’s largest stock exchange’s cash turnover has fallen to its lowest in a decade, dragged down by risk aversion amid underperforming equity benchmarks, the rise of mutual funds and reallocation towards initial public offerings.
1 min
January 16, 2026
Mint Bangalore
PFC launches ₹5k cr public NCD issue
Power Finance Corporation (PFC) on Thursday launched its third public issue of secured, redeemable nonconvertible debentures (NCD), with chairperson and managing director Parminder Chopra calling the strong investor response to its earlier bond offerings a “clear vote of confidence” in the power sector.
1 min
January 16, 2026
Mint Bangalore
Sebi flags ownership issues in Sterlite Electric share sale
The market regulator sought additional disclosures, which may delay Sterlite's proposed IPO
3 mins
January 16, 2026
Mint Bangalore
Sony India revenue rises 2.4% in FY25
Consumer electronics maker Sony India’s revenue from operations increased 2.44% to ₹7,851.08 crore in the fiscal 2025; however, its total profit for the financial year decreased by nearly 6% to ₹157.03 crore, according to a regulatory filing from the company.
1 min
January 16, 2026
Mint Bangalore
KKR closes $2.5 billion Asia-Pacific credit fund
The firm has deployed more than half of the capital across 10 investments
2 mins
January 16, 2026
Mint Bangalore
IPO float cut lifts Jio, NSE listing outlook
The Indian government has approved a cut to the minimum proportion of shares large firms looking to list must sell to 2.5% of their share capital from 5%, Securities and Exchange Board of India (Sebi) said on Thursday, paving the way for Reliance Jio Platforms’ highly-anticipated initial public offering (IPO).
1 min
January 16, 2026
Listen
Translate
Change font size