Business Finance
Finance Minister Nirmala Sitharaman will brief three ministerial groups of the Goods and Services Tax (GST) Council in New Delhi this week. The groups will discuss rate rationalisation, health and life insurance, and phasing out the compensation cess. Proposal to Simplify GST Slabs The government is considering moving from the current four-tier structure to two […]
Business Industry
Micro, Small and Medium Enterprises (MSMEs) in Coimbatore have raised concerns over the impact of high Goods and Services Tax (GST) rates on their operations. Manufacturers and suppliers in sectors such as textiles, foundry, engineering tools, and pump sets argue that current tax slabs have increased input costs and reduced profit margins. Many also point […]
Expert Opinions Opinion
Prime Minister Narendra Modi’s August 15 announcement of next-generation GST reforms, set for implementation by Diwali 2025, is more than just a festive season headline. It’s a structural overhaul designed to touch both the everyday essentials that drive rural markets and the big-ticket items that sway urban consumption patterns. By targeting two critical slabs — […]
Business Finance
The government has proposed reforms to simplify the Goods and Services Tax (GST) into a two-slab system, targeting implementation by Diwali to reduce the tax burden on everyday items and benefit small businesses. Proposed Restructuring The Finance Ministry has submitted a proposal to the Group of Ministers to consolidate the existing four-rate GST structure (5%, […]
Op-Eds Opinion
India’s middle class has always been the backbone of the nation’s economic aspirations. They are the early adopters of new technologies, the primary drivers of consumption, and the segment that most willingly embraces government initiatives aimed at modernization. Yet, time and again, they find themselves bearing the heaviest burden when policies shift from