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Category : Business and economics
Published on: September 04 2025
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The 56th GST Council meeting, held in the national capital New Delhi and chaired by Finance Minister Nirmala Sitharaman, approved a landmark reform in India’s Goods and Services Tax (GST) system. This is regarded as the most comprehensive restructuring since the GST was implemented in 2017. The Council introduced a simplified two-tier GST structure with 5% for essential items and 18% for non-essential goods and services, aimed at easing compliance and reducing consumer costs. In addition, a special 40% slab has been created for “sin goods” such as tobacco, pan masala, gutkha, sugary drinks, and luxury cars, ensuring higher taxation on items considered harmful or extravagant.
Union Minister Prataprao Jadhav inaugurated the Ayush Mission and Capacity Building Summit in New Delhi.
Read More....India announced 1,000 e-scholarships for Afghan students for 2025-26 under ICCR’s Special Scholarship Scheme.
Read More....T.C.A. Kalyani took charge as the 29th Controller General of Accounts in the Ministry of Finance.
Read More....The 56th GST Council meeting in New Delhi approved a major GST restructuring with a simplified two-tier system.
Read More....PM Modi launched ‘Bihar Rajya Jeevika Nidhi’ to provide affordable credit access to rural women entrepreneurs.
Read More....New Delhi will host the 2026 BWF World Championships, bringing the event back to India after 17 years.
Read More....India and US armies began the 21st edition of Joint Military Exercise Yudh Abhyas 2025 in Alaska.
Read More....TUDA launched “Operation SWARNA” to rejuvenate and protect the Swarnamukhi River in Andhra Pradesh.
Read More....Air Quality Life Index (AQLI) 2025 report ranked air pollution as India’s biggest health threat, cutting life expectancy by 3.5 years.
Read More....Rajit Punhani, a 1991-batch IAS officer, assumed charge as the CEO of the Food Safety and Standards Authority of India (FSSAI).
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