DIWALI BONANZA
Hailing PM Modi, BJP says GST reforms 'next-gen, historic'
The BJP celebrated the new GST reforms as a significant step, with JP Nadda highlighting PM Modi's commitment to easing citizens' lives. Nadda criticized the previous UPA government's inability to implement GST due to lack of trust. Sambit Patra noted the reforms would make essential items more affordable for everyone from September 22, creating a positive atmosphere.
Govt delivers 'GST Diwali bonanza': Cheaper essentials, big relief on insurance premiums
India's Goods and Services Tax (GST) undergoes a major overhaul, eight years after its launch, with the GST Council approving significant rate cuts on numerous everyday items. Effective September 22nd, the new rates aim to boost consumption by shifting to a two-slab structure of 5% and 18%, abolishing the 12% and 28% rates.
Roti, kapda aur makan: The firepower India's common man got as Diwali gift
GST rates slashed: India's GST revamp, dubbed the 'Great Savings Tax,' is easing the financial burden on the middle class. Reduced rates on essentials like food and clothing could save urban families 7-8% and rural families 5-6% monthly. This, coupled with income tax relief and lower interest rates, aims to boost consumption and savings, potentially transforming India into a middle-class-driven economy.
GST reforms will mostly help poor; Andhra govt failed to demand compensation: CPI(M)
CPI(M)'s V Srinivas Rao acknowledged that GST reforms could lower prices and benefit the poor, but criticized the Andhra Pradesh government for not seeking compensation for potential income loss. APCC's Kolanukonda Sivaji claimed the reforms were a result of Rahul Gandhi's campaign and international pressure, demanding compensation for states and relief for MSMEs.
Diwali bonanza from GST panel! Market may rally further on resolution on tariff front, says Julius Baer’s Rupen Rajguru
Following the GST Council meeting, Julius Baer's Rupen Rajguru anticipates a potential market rally driven by tax cuts and tariff resolutions. He suggests that Indian equities, currently underperforming, could see a turnaround. Rajguru favors consumption-related sectors like autos and low-ticket discretionary items, while remaining neutral on IT and optimistic about pharma, particularly hospitals and CDMOs.
Next-gen GST reforms will set economy open and transparent, says Finance Minister Sitharaman
Union Finance Minister Nirmala Sitharaman announced next generation GST reforms. These reforms aim to create an open and transparent economy. The reforms will reduce compliance burdens and benefit small businesses. PM Modi announced a task force to simplify regulations. Banks are urged to expand credit and support infrastructure development.
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GST rate cut: Car and bike buyers hit pause button as auto stocks rev up for festive bonanza
Indian auto sales are slowing as buyers delay purchases ahead of a possible GST rate cut of up to 10% in September, which could spark a strong festive demand surge; Jefferies expects 2Ws and small PV makers to be the biggest beneficiaries.
Reforms, liquidity and GST cuts signal stronger second half for Indian markets: Sneha Poddar
India's market is poised for growth due to recent reforms. GST cuts are expected to boost consumption and confidence. Electronic manufacturing is a sector with strong potential. FMCG and automobiles are likely to perform well. Rural and urban demand is expected to increase. Pharma sector may see time correction. Overall, the economic outlook is positive for the coming months.
FMCG in a sweet spot after GST cuts and monsoon boost: Rajat Sharma
Markets are positive due to GST bonanza. Rajat Sharma of Sana Securities highlights FMCG's sweet spot, driven by revised tax rates and good monsoons. Pharma sector is also attractive due to lack of tariffs and India's strong position in generics supply to the US. Focus on top companies like HUL, ITC, Dr Reddy's, and Sun Pharma for investment.
Bajaj Finance shares up 30% in 2025 so far. Can GST reform tailwinds push the stock past Rs 1,000?
Bajaj Finance shares are soaring, fueled by potential GST cuts on consumer durables and India's credit rating upgrade. Analysts predict lower EMIs and cheaper offshore funding could propel the stock past ₹1,000. Technical analysis suggests a positive near-term trend, with support around ₹850 and resistance at ₹930.
FMCG, consumer discretionary set for festive boost; defence remains a long-term play: Sushant Bhansali
Sushant Bhansali highlights the positive impact of upcoming GST cuts on FMCG and consumer discretionary sectors, especially rural-focused companies. While short-term flows into defence may be limited due to government finances, long-term growth remains strong. Market entry is favorable now, with festive season demand and tax reforms boosting consumption and sentiment.
Desi semiconductors, jet engines among PM Modi's bold announcement for New India
On India’s 79th Independence Day, PM Modi unveiled a series of ambitious initiatives to transform the nation by 2047. Key announcements included rolling out India’s first semiconductor chip by year-end, expanding nuclear power capacity tenfold with 10 new reactors, and developing indigenous jet engines for fighter jets.
PM Modi's GST Diwali bonanza timely, strategic move: Experts
Prime Minister Narendra Modi announced GST 2.0 to boost the Indian economy. GST rates will decrease by Diwali. The government plans to reform the eight-year-old tax system. Most goods and services may be taxed in two slabs. Experts believe this move will make exports more competitive. It will also boost domestic consumption.
Macro’s good, if micros pick up by festive season, stock and sector specific party will continue: Digant Haria
GreenEdge Wealth's Digant Haria anticipates a demand surge during the festive season, fueled by favorable macro factors like government initiatives and RBI rate cuts. While acknowledging current weak demand, he expects PSU banks to drive credit growth. Haria is optimistic about consumer durables and auto sectors, citing supportive conditions for a broad-based recovery across rural and urban markets.
Punjab govt hikes 4% DA for employees, pensioners
Punjab Chief Minister Bhagwant Mann announced a 4 per cent increase in dearness allowance for state government employees and pensioners. This change, effective from November 1, will raise the allowance from 38 per cent to 42 per cent. The decision will benefit over 6.5 lakh employees and their families.
Tea industry hoping for Diwali bonanza
Excess tea in the market ensured that prices did not go up despite the drop in output from the organised tea sector in August.
Diwali bonanza for MSMEs: Narendra Modi lists out 12 new policies
The MSME Outreach Programme will run for 100 days covering 100 Districts throughout the country.
Gujarat diamond baron Savji Dholakiya to gift 600 cars to staff this Diwali
Four employees, including a physically challenged female employee have reached New Delhi where they will be given keys of their new cars by Prime Minister Narendra Modi.
Diwali bonanza! IRCTC offers Rs 10 lakh rail travel insurance for just 1 paisa
The optional travel insurance scheme for train passengers will be available at a token price of just one paisa instead of 92 paisa from October 7.
Vodafone unveils Diwali data bonanza
Depending on usage, Vodafone subscribers can avail upto 80% off on various segments like Internet, SMS, voice and bonus cards.
Andhra Pradesh government employees to get 6% hike in Dearness Allowance
In a Diwali bonanza to its about 12 lakh employees, the Andhra Pradesh government tonight increased their Dearness Allowance (DA) by 5.99 per cent with effect from July 1 this year.
Festive offer: Post offices in Delhi to give 7% discount on gold coins
The gold coins will be available is various denominations of 0.5 gm, 1 gm, 5 gms, 8 gms, 10 gms, 20 gms and 50 gms.
Noida Extension news: Allahabad high court verdict resurrect home dreams of thousands of buyers
The verdict has resurrected home dreams of thousands of buyers, who were keeping their fingers crossed. They were further relieved after builders promised not to pass additional costs on to them
Rs 1,700 crore Diwali gift for exporters
Govt announced a Rs 900-cr package for exporters giving a total Diwali bonanza of Rs 1,700 crore, to cushion Indian exports from global slowdown.
Online mart full of shoppers this Diwali
The virtual shopping streets are on a blast as marketers of online shopping portals have lined up exciting offers for consumers to tap the pre-diwali sales bonanza.
Diwali bonanza: Digicams & LCD monitors to get cheaper
A change in classification of gadgets and computer peripherals by the government will make digital cameras and LCD monitors cheaper by at least 10%.
BSNL to reduce STD tariffs
New tariffs are likely to be implemented around the festival of Diwali.
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