Bharat Express DD Free Dish

Business

The latest Goods and Services Tax (GST) reductions on essential goods and medicines, effective from September 22, are expected to provide a much-needed lift to India’s consumption story.

India’s GST Council cuts rates to 5% and 18%, lowering prices on goods, vehicles and insurance from 22 September.

Indian markets rally after sweeping GST cuts across sectors; Sensex rises 550 points, Nifty Auto leads gains amid upbeat investor sentiment.

The GST Council on Wednesday approved historic changes to India’s indirect tax system by adopting a simplified 5 per cent and 18 per cent structure.

The GST Council approved a two-tier tax structure of 5 per cent and 18 per cent on Wednesday. The new rates will apply from 22 September.

Gold and silver prices surged to fresh all-time highs on Wednesday, extending their upward momentum in both domestic and international markets.

Indian stock markets opened flat as Sensex and Nifty traded cautiously ahead of the GST Council meeting, with global cues and tariff concerns weighing on sentiment.

The Sensex and Nifty opened marginally higher on Tuesday amid cautious investor sentiment ahead of the GST Council meeting.

Gold and silver prices witnessed a sharp rise on Monday, extending last week’s rally amid uncertain global geopolitical conditions.

The Sensex climbed 335 points to 80,144 and the Nifty 50 breached the 24,500 mark, buoyed by robust buying in IT, metal, and banking stocks.