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GST cuts to boost demand, but global risks loom, says finmin
Mint Chennai
|October 28, 2025
Goods and Services Tax (GST) rate cuts are set to bolster domestic demand by easing the tax burden on consumers and businesses, spurring consumption and investment across sectors, and supporting job creation, the finance ministry said in its monthly economic review for September, released on Monday.
The ministry said core inflation is likely to stay soft.
(MINT)
A strong performance in industry and services, along with a stable labour market, is expected to reinforce this momentum, the ministry noted. However, it cautioned that persistent global uncertainties could weigh on exports and external demand, posing downside risks to growth.
The report said ongoing structural reforms and new government initiatives, including the roll-out of GST 2.0, are expected to cushion the economy against these challenges.
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FLERE HISTORIER FRA Mint Chennai
Mint Chennai
Small NBFCs begin to close the door on unsecured loans
lenders and their backers, who had bet on such loans without collateral for growth.
2 mins
October 28, 2025
Mint Chennai
Bessent names Fed chair finalists ahead of year-end decision
US treasury secretary Scott Bessent on Monday confirmed the names of five finalists to succeed Federal Reserve chair Jerome Powell, with the president saying he expected to make his decision by year-end.
1 min
October 28, 2025
Mint Chennai
CGHS plans smoother drug delivery
The government is set to soon roll out a digital revamp of the Central Government Health Scheme (CGHS) to improve delivery of medicines to its 4.7 million beneficiaries. The initiative aims to address recurring complaints of drug shortages and delays and will bring real-time tracking and accountability to ensure smooth delivery to one of India's largest public healthcare networks, according to two officials and documents reviewed by Mint.
1 mins
October 28, 2025
Mint Chennai
Milei wins mandate for free-market revolution in Argentina’s election
resident Javier Milei scored a decisive political win Sunday, strengthening his position in Argentina’s Congress and securing a lifeline for his audacious free-market revolution backed by President Trump .
4 mins
October 28, 2025
Mint Chennai
A practical playbook to caring for your parents in India from abroad
Adequate insurance, medical corpus and trusted care networks for parents can turn anxiety into peace of mind
4 mins
October 28, 2025
Mint Chennai
Arnault tightens his LVMH control with buying spree
The sustained buying blitz brings Arnault and his family closer to owning half of the high-end brand juggernaut
2 mins
October 28, 2025
Mint Chennai
IFSCA proposes to streamline GIFT City securities via demat
Proposal aims to ensure that securities are held with IFSCA-registered depositories
1 mins
October 28, 2025
Mint Chennai
CGHS plans smoother drug delivery
The government is set to soon roll out a digital revamp of the Central Government Health Scheme (CGHS) to improve delivery of medicines to its 4.7 million beneficiaries. The initiative aims to address recurring complaints of drug shortages and delays and will bring real-time tracking and accountability to ensure smooth delivery to one of India's largest public healthcare networks, according to two officials and documents reviewed by Mint.
1 mins
October 28, 2025
Mint Chennai
HC quashes I-T order citing use of flawed AI-generated case law
The Bombay High Court has quashed an income tax (IT) assessment ruling, flagging the use of artificial intelligence (AI) in the order and noting that the assessing officer had relied on nonexistent, AI-generated case laws to justify additions to a company’s declared income.
1 mins
October 28, 2025
Mint Chennai
Starlink leases first office in Mumbai's Chandivali suburb
Elon Musk’s satellite internet company, Starlink, has taken its first major step toward establishing operations in India, choosing Mumbai as its hub.
1 mins
October 28, 2025
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