- 09 Sep 2025 06:49 PM
- New
Fisheries GST Rate Reduction: 5% Rate on Nets, Seafood
The Ministry of Fisheries, Animal Husbandry & Dairying has announced a major GST reduction for the fisheries sector. Approved during the 56th GST Council meeting, the new rates will be effective from September 22, 2025. This change lowers GST to 5% on a range of essential goods and services, including fish oils, preserved fish, and shrimp products, which were previously taxed at 12%. The move aims to make seafood more affordable for domestic consumers and improve the competitiveness of Indian exports. Additionally, inputs critical for aquaculture, such as diesel engines, pumps, aerators, and specific chemicals, will also see a GST reduction from 12-18% down to 5%, significantly decreasing operational costs for farmers. The new rates also apply to fishing gear, job work services in agro-processing, and composting machines, providing financial relief to fishers and processing units. These measures are intended to support the livelihoods of over 3 crore people and contribute to the growth and sustainability of India’s fisheries sector, which is the second-largest in the world.
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- 08 Sep 2025 05:30 PM
- New
Trump tariffs: GST cuts help but India must raise its game
Nothing focuses the mind like a commonly felt external threat. Suddenly, the quagmire that had developed in India’s goods and services tax (GST) regime has been cleaned up. Even though the GST Council had begun to discuss changes some time ago, those discussions were gridlocked. Voila, just this week, we have GST rate simplification, thanks to US President Donald Trump’s 50% effective tariff on India.
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- 08 Sep 2025 05:20 PM
- New
Nifty Auto surges over 3% as rally extends post GST rate cuts; 5 index stocks hit record highs
The Nifty Auto index climbed 3.4% to 27,220 points, driven by a rally in auto stocks following GST rate cuts. Automakers like Tata Motors and Mahindra announced significant price cuts across key models.
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- 08 Sep 2025 05:33 PM
Auto stocks continue to draw investors attention; Bharat Forge jumps nearly 6 pc
New Delhi, Sep 8 (PTI) Auto stocks continued to remain on buyers' radar on Monday, fuelled by hopes of demand recovery following the recent GST rate cut announcement.
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- 08 Sep 2025 05:14 PM
Govt working on comprehensive package to support exporters hit by US tariffs: Sitharaman
New Delhi, Sep 8 (PTI) The government is working on a comprehensive package to support Indian exporters impacted by a steep 50 per cent tariff imposed by the US, Finance Minister Nirmala Sitharaman has said, asserting a multi-departmental engagement is underway to assess the impact on Indian shipments.
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- 08 Sep 2025 05:28 PM
CBIC to engage with insurers to work out transition mechanism for ITC on exempt policies: Sitharaman
New Delhi, Sep 8 (PTI) The Central Board of Indirect Taxes and Customs (CBIC) will be engaging with the insurance industry to work out a transition mechanism for the accumulated input tax credit (ITC) of those policies which have been exempted from tax with effect from September 22, Finance Minister Nirmala Sitharaman has said.
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- 08 Sep 2025 04:43 PM
GST rate cut euphoria fading away from the Indian stock market? Key challenges ahead
The Nifty 50 and Sensex started positively, driven by global signals and GST rate cuts, yet concerns linger about sustaining gains. Analysts suggest short-term global trends will dominate, while the GST reforms may boost consumer demand post-September 22.
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- 08 Sep 2025 04:47 PM
Audi India revises Q3, A4, Q5, Q7, A6 and Q8 prices after GST 2.0: Here’s how much you can save
Audi India has slashed prices across its lineup after GST 2.0 reduced the overall tax on passenger vehicles. Customers benefit between ₹2.60–7.80 lakh, with models like Q3, A4, Q5, A6, Q7, and Q8 seeing major cuts.
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- 08 Sep 2025 04:51 PM
Why now is the right time to invest in bonds
Investing in bonds is essential for portfolio diversification and stability, especially during equity market volatility. Recent economic changes and interest rate trends in India present a favorable opportunity for bond investments, with yields now more attractive than traditional fixed deposits.
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- 08 Sep 2025 05:06 PM
SAIL, JSW Steel to Tata Steel: Why are metal stocks skyrocketing today? Explained
Morgan Stanley expects select steel stocks to outperform the broader India Materials sector over the next few months. The brokerage upgraded its ratings on JSW Steel, Tata Steel, and SAIL, while maintaining an Equalweight stance on Jindal Steel & Power.
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