Ga onbeperkt met Magzter GOLD

Ga onbeperkt met Magzter GOLD

Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts

$149.99
 
$74.99/Jaar

Poging GOUD - Vrij

Catalyst for indirect tax regime

Financial Express Kochi

|

September 05, 2025

The much-anticipated Goods and Services Tax (GST) 2.0 reforms have been formally announced by the GST Council.

- Mukesh Butani

The 12% and 28% GST slabs were eliminated following its decision. The Council, in continued bipartisanship, decided to effect rate rationalisation, providing a fillip to most sectors and drivers of our economy. Since its inception, the GST rate framework has remained a subject of debate, discussions, and deliberations on the fine print and resultant controversies.

Coming close on the heels of the tariff announcement by the Trump administration—which impacts nearly $60 billion worth of exports from India to the US—the GST 2.0 reforms are a bold policy attempt by the government to propel the animal spirits of our economy.

The 56th GST Council meeting, held on Wednesday, heralded a spirit of change, traversing the discourse around long-awaited reforms to the existing framework. Among the most notable developments is the much-anticipated reduction in GST rates, which come into effect from September 22, along with the correction of inverted rate structure and trade facilitation measures for micro, small, and medium enterprises (MSMEs) and small taxpayers.

Key commodities which would see a reduction in GST rate are air conditioners, small cars, buses, motorcycles, staples, lifesaving drugs, medical devices, renewable energy devices, etc. A noteworthy point is the GST reduction on handicrafts, marble, granites, and leather goods, which are areas impacted by the US tariffs, thus giving a fillip to these labour-intensive industries by creating domestic demand.

GST on individual life and health insurance policies has been exempted with the objective of making insurance more affordable and to add an element of fecundity to insurance for the common man. This measure is further aided by widened access to financial security, thereby encouraging greater participation in insurance schemes and ultimately increasing insurance coverage across the country.

MEER VERHALEN VAN Financial Express Kochi

Financial Express Kochi

Energy security, industry at core of India’s clean power push: Joshi

INDIA IS RECASTING its clean energy transition as a core industrial and manufacturing strategy, with non-fossil sources now accounting for 52% of installed power capacity and total non-fossil capacity reaching 267 GW, Union Minister for New and Renewable Energy Pralhad Joshi said at the World Economic Forum (WEF) Annual Meeting in Davos.

time to read

1 min

January 24, 2026

Financial Express Kochi

Forex reserves jump $14 bn to $701 bn on Fx swap, gold rally

FOREIGN EXCHANGE RESERVES rose to $701.36 billion as of January 16, compared with $687.19 billion a week earlier, the Reserve Bank of India (RBI) said on Friday.

time to read

1 min

January 24, 2026

Financial Express Kochi

Report gains or losses from F&O trading as business income in ITR

YOU CAN SET OFF LOSSES AGAINST INCOME FROM ANY HEAD OTHER THAN SALARIES

time to read

2 mins

January 24, 2026

Financial Express Kochi

‘Retail AUM may touch ₹1 lakh cr by March’

Jairam Sridharan, managing director and CEO of Piramal Finance, tells Kshipra Petkar in an interview that the company is targeting a sharp expansion in retail AUM, improved profitability and deeper product diversification.

time to read

1 mins

January 24, 2026

Financial Express Kochi

ICCT20 World Cup: Scotland likely to replace Bangladesh

A DESPERATE BANGLADESH Cricket Board (BCB) has written to the Dispute Resolution Committee (DRC) of ICC requesting it to overturn the governing body’s decision to hold the national men’s team’s T20 World Cup games in India but its appeal won’t be heard as it is outside the remit of the subcommittee.

time to read

1 mins

January 24, 2026

Financial Express Kochi

Rupee sinks to all-time low, reports steepest weekly fall in 6 months

THE RUPEE FELL to a record low on Friday and posted its steepest weekly decline in six months, weighed by sustained foreign outflows and hedging by importers.

time to read

1 mins

January 24, 2026

Financial Express Kochi

IPOs in Dec moderated from ’25 peak: Sebi bulletin

FUNDRAISING BY INDIAN companies through initial public offerings (IPOs) relatively moderated in December compared to the peak levels in 2025, though the number of new issuances was the highest and the issuance size was the third highest globally, a bulletin released on Friday by the Securities and Exchange Board of India (Sebi) showed.

time to read

1 min

January 24, 2026

Financial Express Kochi

States' combined fiscal deficit rose to 3% in 2024-25: RBI report

STATES' CONSOLIDATED GROSS fiscal deficit rose to 3.3% of gross domestic product (GDP) in 2024-25, after staying below 3% for the previous three years, according to a Reserve Bank of India's (RBI) annual report on state finances released on Friday.

time to read

1 min

January 24, 2026

Financial Express Kochi

Prepare orders for Nvidia chips: China to firms

CHINESE OFFICIALS HAVE told the country’s largest tech firms including Alibaba Group Holding they can prepare orders for Nvidia’s H200 AI chips, suggesting Beijing is close to formally approving imports of components essential to running artificial intelligence.

time to read

1 min

January 24, 2026

Financial Express Kochi

Tata Power secures World Bank loan for its Bhutan project

THE WORLD BANK sanctioned long-term financing of $815 million for the 1,125 MW Dorjilung Hydropower Project (DHPL) in Bhutan.

time to read

1 min

January 24, 2026

Listen

Translate

Share

-
+

Change font size