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Big GST cheer for common man! Two-slab tax structure to replace 5-28% rates; Finance ministry shares important details

Prime Minister Modi announced upcoming GST reforms aimed at easing the burden on citizens, farmers, and MSMEs. The proposed changes include a simplified two-slab structure and rate rationalization. These reforms focus on structural improvements, rate adjustments, and enhancing the ease…

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India Inc. hails PM Modi’s call to empower youth, bolster MSMEs

The country’s apex business chamber, the Confederation of Indian industry (CII), on Friday hailed Prime Minister Narendra Modi’s Independence Day call for empowering India’s youth, strengthening MSMEs and accelerating the ‘Atmanirbhar Bharat’ mission.

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FinMin proposes 2-tier GST structure, special rates on select items; Council meet likely in Sept

The finance ministry has proposed a two-slab GST rate structure to the GoM, aiming to reduce the tax burden on daily-use items. This “next generation” GST reform seeks to simplify the tax system with standard and merit rates, along with…

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Independence Day 2025: PM Modi Promises “Double Diwali” for India Inc with Next-Gen GST Reforms, Flags Atmanirbhar Bharat Push

​​In an apparent reference to Trump-era tariffs, Modi underscored India’s stand on safeguarding farmers’ interests in international trade. “India will not compromise on the interests of our farmers. We will not accept any policy that harms them.”

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Bisleri will always remain a privately-held firm, says VC Jayanti Chauhan

Jayanti Chauhan, vice-chairperson of Bisleri International, affirms the company will remain private, dismissing any IPO or stake sale. Bisleri is set to ramp up investments in manufacturing, distribution, and product development, allocating ₹600 crore this year. Chauhan also urges government…

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No pause on Russian oil imports, India continues imports based on economic rationale

While discounts had previously reached as high as $40 per barrel, they have narrowed to just $ 1.5 late last month, resulting in reduced offtake. Discounts have since widened to about $2.70.

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  • Income-tax returns: Forms, disclosures, details and documentation — Top 10 common mistakes to avoid while filing ITR

    From using appropriate forms, to making proper income disclosures, filling correct details and attaching documentation for proof — Here are the top 10 common mistakes to avoid while filing your returns.

  • Bank FDs earn up to 7.75% in May 2026! Check latest interest rate — Compare SBI, HDFC, ICICI and Yes Bank fixed deposits

    FD rates comparison: Here's a look at the latest bank fixed deposit rates offered by the biggest lenders State Bank of India, ICICI Bank, HDFC Bank, Kotak Mahindra Bank and Yes Bank.

  • Aadhaar gearing for ‘new look’? IT Ministry says no such plan, speculation ‘not correct’ — Here's all we know

    The IT Ministry clarifies that it has no plans for a “new look” for its Aadhaar cards, adding that such speculation is “not correct”. Here's what's new for the government's biometric ID so far in 2026.

  • 6 essential emergency fund rules every Indian household should know to stay debt-free

    Emergency fund rules help households build financial resilience. It is imperative to maintain 3–6 months' expenses, keeping funds separate, prioritising liquidity, starting small, refilling after use, and reviewing annually for stability. 

  • Struggling with a credit score below 650? 6 simple ways to improve it and boost loan approval chances

    The strategy to improve a credit score below 650 focuses on timely EMI payments, reducing credit utilisation, limiting loan applications, clearing high-interest debts, maintaining old accounts, and regularly monitoring credit reports for accuracy.

  • Safe personal loan EMI on ₹30,000 salary: Simple budgeting tips explained

    Understanding borrowing fundamentals is vital for personal loans. Keeping EMIs at 20-25% of income ensures financial stability. High EMIs risk missed payments, which negatively impact credit scores. Seek professional advice for sustainable financial planning.

  • Can cancelling a credit card hurt your score? Here's how to minimise the impact on your credit history

    A strong credit score is necessary to show lenders that you are a reliable borrower, and first timers or young customers may wonder if closing your credit card could affect this number. Here's how you should manage card closures to protect your credit history…

  • I-T returns: Want to verify if your Income-Tax notice is authentic? Here's a stepwise guide for how to do so

    Filing income tax returns online has simplified the process, but it can confuse first-time taxpayers. Income Tax Notices inform taxpayers of issues like unreported income or discrepancies. Here's how you can verify a notice's authenticity.

  • 5 reasons strong savings rate matters more than market returns in building a secure and sustainable retirement plan

    A disciplined savings rate drives retirement planning by boosting compounding, reducing risk, and ensuring financial security, helping individuals build a stable, sustainable long-term wealth corpus.

  • Salary ₹50,000? Here’s how much PF corpus you can build in 20 years

    EPF corpus from a ₹50,000 salary can grow substantially over 20 years through disciplined contributions, employer support and compounding, potentially reaching ₹40–60 lakh with salary increments.

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