Tag: India’s Tax Reforms

Shashi Tharoor Welcomes GST Reforms, Calls New Structure “Fairer and Better for All”

Meanwhile, Congress President Mallikarjun Kharge criticised the timing of the reforms, alleging that the Modi government acted under pressure from US President Donald Trump with elections approaching.

September 8, 2025

GST Rate Cuts from Navratri to Drive Growth, Ease Household Burden: Ashwini Vaishnaw

The minister explained that rationalised GST would stimulate consumption, which in turn would create a “virtuous cycle” in the economy. “Even a 10% rise in consumption could add Rs 20 lakh crore to GDP,” he said.

September 6, 2025

GST reforms most positive for footwear, quick restros, FMCG, grocery retailers: Report

In a report, it has painted a particularly bullish picture for footwear, QSRs, FMCG, and grocery retailers.

September 6, 2025

“Will help each and every family of the country”: Union Minister Ashwini Vaishnaw on GST reforms

Vaishnaw said that the new GST tax slabs will be effective from the first day of Navaratri, and rates have been reduced for almost every item which is used in the lives of middle-class families.

September 4, 2025

“Appreciate Centre for realising its mistake after eight years”: P Chidambaram on GST reforms

He pointed out that the Congress party and several economists, including former Chief Economic Advisor Arvind Subramanian, had raised concerns about the tax structure when it was first implemented.

September 4, 2025

Dalal street on Fire: Nifty, Sensex surge over 1% as GST cuts spark pre-Diwali rally

Experts said the present conditions are favourable for a bull run, and any further reduction in tariffs could help markets scale new all-time highs soon.

September 4, 2025

“Reduced to formality”: Jairam Ramesh questions GST Council’s role following tax reforms

The Congress MP said that Union Finance Minister made major announcements following the GST council meeting; however, the decisions were proclaimed by PM Modi during his Independence Day speech.

September 4, 2025

India’s Tax Reforms and Digital Drive Boost Revenue, Cut Compliance Burden: FM Sitharaman at UN Forum

“Our comprehensive tax reforms and digital overhaul in tax administration have boosted revenue and brought down compliance burdens,” Sitharaman said.

July 1, 2025