GST 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.
RBI is being pessimistic; growth story could be much better in H2: Rajiv Kumar
It’s time we looked more at export and not domestic demand, says , NITI Aayog VC.
How top global luxury brands are negotiating the minefield that is India
India has always been a difficult place for premier brands plagued by constant policy interventions.
need2know: 9 macro triggers that should matter for market today
The government plans to make it mandatory for pharma cos to disclose `ex-factory' price on the packs of medicines.
Soft rupee thrills commodity exporters
Exporters of basmati rice, groundnut, soyameal, cotton gain from rupee's fall to Rs 65.28
Smartphone companies bring in parity in online, offline discounts
GST was rolled out on July 1. Promotions by Amazon and Flipkart have generated demand, said Brian Bade, CEO of Reliance Digital, the country’s largest smartphone and electronics retailer.
Festive season: 6,916 regional brands advertise aggressively in H1 and the number may rise
There was a 7% increase in regional advertisers in 2016. There were 12,027 regional advertisers in 2016 compared with 11,278 in 2015.
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