Ministers greenlight two-rate GST, tax relief likely on a range of items
  • 22 Aug 2025 06:08 PM
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Ministers greenlight two-rate GST, tax relief likely on a range of items

Source: https://www.livemint.com/news/ministerial-panel-endorses-two-rate-gst-structure-duty-proposed-on-sin-goods-to-replace-cess-11755769789182.html

A range of goods from cars to kitchenware may turn cheaper in the near future, with a top panel of state ministers greenlighting a proposal to simplify India's indirect tax system. A ministerial panel formed by the Goods and Services Tax (GST) Council endorsed the Centre's proposal for a simplified tax structure on Thursday, setting the stage for its rollout before the coming festive season.

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Mint Explainer | What's next for online gaming? Five burning questions
  • 22 Aug 2025 06:00 PM
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Mint Explainer | What's next for online gaming? Five burning questions

Source: https://www.livemint.com/industry/online-gaming-bill-rajya-sabha-real-money-gaming-ban-startups-dream11-mpl-probo-online-rummy-fantasy-games-11755784369331.html

NEW DELHI : The Promotion and Regulation of Online Gaming Bill, 2025, which was passed by the Rajya Sabha on Thursday, is on track to become a law unless the President of India recommends it to a standing committee.

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Hero MotoCorp shares jump over 17% in August, post biggest monthly gain in nearly two years. Time to buy?
  • 22 Aug 2025 06:28 PM
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Hero MotoCorp shares jump over 17% in August, post biggest monthly gain in nearly two years. Time to buy?

Source: https://www.livemint.com/market/stock-market-news/hero-motocorp-shares-jump-over-17-in-august-post-biggest-monthly-gain-in-nearly-two-years-time-to-buy-11755861138042.html

Hero MotoCorp shares fell 2% to ₹4,997.90 on August 22 as investors took profits after a strong rally. The stock gained 17.6% over 16 sessions, aided by positive quarterly results and potential GST cuts. Analysts expect that the stock could reach ₹5400 in the short term.

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Trump tariff deadline looms: How should you position your stock portfolio? Experts weigh in
  • 22 Aug 2025 06:13 PM

Trump tariff deadline looms: How should you position your stock portfolio? Experts weigh in

Source: https://www.livemint.com/market/stock-market-news/trump-tariff-deadline-looms-how-should-you-position-your-stock-portfolio-experts-weigh-in-11755765034405.html

Indian equity markets showed mixed performance in August 2025, recovering after six weeks of declines due to positive factors like easing CPI inflation and geopolitical optimism. However, challenges remain with significant FII outflows and impending US tariffs impacting export-heavy sectors.

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Ministerial group in favour of removing GST on health, life insurance
  • 21 Aug 2025 06:27 PM

Ministerial group in favour of removing GST on health, life insurance

Source: https://www.livemint.com/news/gst-ministerial-group-broadly-in-favour-of-removing-tax-on-health-life-insurance-11755697877148.html

New Delhi: In a significant move aimed at bolstering financial security for citizens in healthcare, a ministerial group appointed by the Goods and Services Tax (GST) Council on Wednesday was broadly in favour of exempting health and life insurance premiums from the 18% tax it is subjected to, according to ministers who attended the meeting.

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GoM on rate rationalisation meets to discuss Centres GST rate cut proposal
  • 21 Aug 2025 06:33 PM

GoM on rate rationalisation meets to discuss Centres GST rate cut proposal

Source: https://www.livemint.com/focus/gom-on-rate-rationalisation-meets-to-discuss-centres-gst-rate-cut-proposal-11755753324080.html

New Delhi, Aug 21 (PTI) A crucial meeting of the GoM of state finance ministers on GST rate rationalisation began on Thursday as they started deliberation on the Centre's proposal to reduce tax slabs to 5 and 18 per cent.

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Viksit path: India needs next-gen reforms to navigate a world of uncertainties
  • 21 Aug 2025 06:37 PM

Viksit path: India needs next-gen reforms to navigate a world of uncertainties

Source: https://www.livemint.com/opinion/online-views/india-economic-resilience-prime-minister-narendra-modi-reforms-supply-chain-disruptions-ease-of-doing-business-factory-11755671424194.html

Today’s global economic landscape is characterized by geopolitical uncertainties, slowing growth, fragmented supply chains, volatile financial markets and relentless technological change. India has demonstrated strong economic resilience in times of crises, turning them into opportunities through reforms. On Monday, Prime Minister Narendra Modi chaired a high-level meeting to discuss the roadmap for India’s next-generation reforms.

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GST rejig: Group of Ministers accepts Centre's rate rationalisation proposal to scrap 12% and 28% slabs
  • 21 Aug 2025 06:39 PM

GST rejig: Group of Ministers accepts Centre's rate rationalisation proposal to scrap 12% and 28% slabs

Source: https://www.livemint.com/news/india/gst-rejig-group-of-ministers-accepts-centre-rate-rationalisation-proposal-to-scrap-12-and-18-percent-slabs-tax-india-11755765571254.html

GST rejig: Group of Ministers accepts the Centre's rate rationalisation proposal, which includes consolidating the slabs into two — 5 per cent and 18 per cent, and scrapping the 12 per cent and 28 per cent slab rates.

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Bond yields rise above 6.5% as markets weigh fiscal impact of GST reforms
  • 21 Aug 2025 06:44 PM

Bond yields rise above 6.5% as markets weigh fiscal impact of GST reforms

Source: https://www.livemint.com/market/bonds/bond-yields-rise-above-6-5-as-markets-weigh-fiscal-impact-of-gst-reforms-11755768943801.html

The spread between the RBI repo rate at 5.50% and the 10-year government bond yield at recent high of 6.54% stands at around 104 basis points, reflecting a modestly upward-sloping yield curve.

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GST reforms: SBI Life, HDFC Life to LIC - Insurance stocks rally on reports of GoM proposal to exempt taxes on premiums
  • 21 Aug 2025 06:29 PM

GST reforms: SBI Life, HDFC Life to LIC - Insurance stocks rally on reports of GoM proposal to exempt taxes on premiums

Source: https://www.livemint.com/market/stock-market-news/sbi-life-hdfc-life-to-lic-insurance-stocks-rally-on-reports-of-gom-proposal-to-exempt-gst-on-premiums-11755749504940.html

GST GoM Convenor and Bihar Deputy CM Samrat Choudhary on Wednesday announced that the GoM has decided to back the Centre’s recommendation to fully exempt the Individual Life and Health Insurance policy from GST, which is currently 18%.

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