GST 2.0 cuts freight taxes to 5% to ease logistics costs
The GST Council has slashed tax rates on multimodal transport, container rail movement and road haulage, lowering cargo charges and offering relief to exporters.
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Mother Dairy to pass on benefits of GST reduction to consumers: MD
Mother Dairy, a leading dairy firm with a turnover of Rs 17,500 crore, welcomes the GST Council’s decision to reduce GST rates on various dairy products like paneer, cheese, and butter. The company commits to passing on the benefits of…
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Indian exporters lobby RBI for weaker rupee to offset US tariffs
Indian exporters, facing a 30% loss due to Trump’s 50% tariffs on US-bound shipments, are lobbying the RBI for a temporary, weaker rupee rate of 103 per dollar for US earnings. This request aims to offset the tariff’s impact, but…
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Reduction in GST on cement to help real estate sector: CREDAI
CREDAI lauded the government’s GST rate simplification, reducing it from four tiers to two, anticipating widespread relief and eased inflation. President Shekhar Patel highlighted the landmark GST reduction on cement from 28% to 18%, projecting a transformative impact on real…
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Parag Milk, other agriculture and dairy stocks rally up to 7% after GST cuts
Agri and dairy stocks like Parag Milk, Dodla Dairy, and Kaveri Seeds gained up to 7% after the GST Council slashed rates on fertilisers, farm machinery, and dairy products. The cuts, effective September 22, aim to ease costs for farmers…
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M&M, Maruti, Hero Moto and other auto stocks rally up to 8% on GST cut boost
Auto stocks surged on September 4 after the GST Council cut tax rates from 28% to 18% across key automobile segments. Mahindra & Mahindra and Eicher Motors led the rally, hitting record highs, while TVS Motor, Hero MotoCorp, Maruti Suzuki,…
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