What are ‘sin goods’ and why do they now attract the highest GST rate?
[ad_1] At its 56th meeting on September 3, 2025, the GST Council announced a simplified tax structure comprising two main slabs, 5% and 18%, alongside a special 40% rate applicable only to designated “sin goods” and certain luxury items, effective from September 22. This revision comes after the removal of the Compensation Cess, with the tax incidence preserved under the consolidated GST framework.
GST rate cuts a booster shot! What do tax changes mean for stock markets? Explained
[ad_1] The comprehensive GST modifications have been regarded by market analysts as a “consumption revival bombshell”. (AI image) GST rate cuts announced by the Modi government have served as a booster shot for the Indian economy and markets, with consumption driven growth expected to aid the economy at a time when it is faced by 50% US tariffs.The comprehensive GST
IT jobs slowdown: Sector sees 10% dip as legacy tech openings slump to 3-year low; AI, cybersecurity hiring bucks the trend
[ad_1] India’s IT services industry is witnessing a slowdown in hiring since the start of the second quarter, a trend that staffing firms expect will continue amid global economic uncertainties, higher US tariffs and weaker discretionary spending.According to ET, data from Teamlease showed a 10% drop in overall hiring across India’s $283-billion outsourcing sector between July and August. In the
‘Pushed Modi closer to Russia, China’: Ex-Donald Trump aide slams 50% India tariffs; flags setback in ties with US
[ad_1] Ex-Trump aide John Bolton (file photo) Former US National Security Advisor John Bolton lashed out at US President Donald Trump on Thursday (local time) for deteriorating US-India relations through a 50% tariff imposition on India, which he claims has driven Prime Minister Narendra Modi towards Russia and China.“The White House has set US-India relations back decades, pushing Modi closer
Daily working hours allowed to go up from 9 to 10 hours in Maharashtra’s private sector as State cabinet plans to amend laws
[ad_1] Image for representation only | Photo Credit: Getty Images/iStock The Maharashtra cabinet on Wednesday (September 4, 2025) gave its approval to amend laws that will allow increasing the maximum daily working hours for private sector employees from the present nine to 10 hours. The move is aimed at attracting investments, generating employment and safeguarding workers’ rights, an official statement
Stock Market Live Updates 4th September 2025: Stock to buy today: Steel Authority of India
[ad_1] Businessman holding up profits during tough economic times. The men and background are on separate labeled layers. | Photo Credit: retrorocket tock Market today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 4th September 2025 September 4, 2025 06:41 Commodities: Natural gas:
Netflix will let users customize and share clips on mobile
[ad_1] Netflix on Wednesday announced a new update to its “Moments” feature, allowing viewers to choose a start and end point on clips to save and share. The feature, which is only available on mobile devices, was first rolled out last year, for viewers to save scenes that they love and share them. The new update coincides with the release
American Eagle Outfitters (AEO) earnings Q2 2025
[ad_1] American Eagle said Wednesday its partnership with Sydney Sweeney has been its “best” advertising campaign to date as it announced fiscal second-quarter earnings that beat expectations. The company’s splashy, yet controversial, campaign with the “Euphoria” star led to some criticism and blowback but the launch, coupled with a recent partnership with Taylor Swift’s new fiancé Travis Kelce, has led
Florida to end all vaccine mandates, first state in U.S. to do so
[ad_1] Ruth Jones, immunization nurse, holds a Pfizer-BioNTech COVID-19 vaccine (brand name: Comirnaty) at Borinquen Health Care Center in Miami, Florida, on May 29, 2025. Joe Raedle | Getty Images Florida plans to end all state vaccine mandates, including for children to attend schools, state Surgeon General Joseph Ladapo, a prominent immunization critic, announced Wednesday. The move would make Florida
Small cars, two-wheelers under 350cc, TVs, ACs and dishwasher prices to come down on GST cut
[ad_1] NEW DELHI: There is good news for buyers of top consumer segments such as small cars, two-wheelers under 350cc, ACs, TVs (over 32’inches) and dishwashers. The GST Council has cut the GST rates on the products from 28% to 18%, which will see significant cuts in consumer prices.Finance Minister Nirmala Sitharaman said that the decision was taken in order
GST 2.0 Reforms: FM Nirmala Sitharaman unveils next-gen tax cuts in rare 10 pm press conference | Highlights
[ad_1] Finance Minister Nirmala Sitharaman addressed the media in a rare 10 pm press conference on Wednesday after the GST Council approved a slew of major reforms in its 56th meeting. The announcements came as the Centre officially launched the “next-gen” GST reforms, as promised by PM Narendra Modi from the ramparts of Red Fort in the national capital on
GST revamps: FM Sitharaman announces special 40% tax slab for sin goods; levied on bidi, tobacco & more
[ad_1] The GST Council on Wednesday approved the creation of a new slab of 40% for sin and luxury goods, marking a significant change in the tax structure. While the date for its implementation will be announced later, the two other main slabs of 5% and 18% will come into effect from September 22.The highest slab of 40% will be
GST reforms: 0% GST on individual health and life insurance; reduced from 18%
[ad_1] NEW DELHI: Individual health and life insurance has been made GST free, finance minister Nirmala Sitharaman announced on Wednesday. It comes as a big relief as the rate has been brought down from 18%.“Insurance services from 18% currently will go into two, three different categories. Exemption of GST on all individual life insurance policies, whether term life, ULIP, or
NBC touts record NFL season ad revenue, sells out of Super Bowl LX spots
[ad_1] Rashee Rice #4 of the Kansas City Chiefs reacts with the NBC Sunday Night Football Player of the Game football following the win against the Atlanta Falcons at Mercedes-Benz Stadium on September 22, 2024 in Atlanta, Georgia. Todd Kirkland | Getty Images Sport | Getty Images The NFL season officially starts on Thursday, and Comcast’s NBCUniversal is already taking
GST rate cuts announced by FM Sitharaman! 5% and 18% to be two main slabs; new rates effective September 22
[ad_1] GST rate cuts announced by FM Sitharaman Finance Minister Nirmala Sitharaman on Wednesday announced major Goods and Services Tax (GST) rate cuts, saying that with the two-tier tax rate system approved, the common man will benefit greatly. The GST Council approved the two-tier rate structure of 5% and 18%. The GST rate rationalisation will be implemented from September 22,
Great Lakes Institute opens admissions for PGPM and PGPM-FBE programmes
[ad_1] Chennai’s Great Lakes Institute of Management has opened admissions for its One-Year Post Graduate Programme in Management (PGPM) and Post Graduate Programme in Management – Family Business & Entrepreneurship (FBE) for the academic year 2026–27. The PGPM, offered at both the institute’s Chennai and Gurgaon campuses, is designed for professionals with over years of work experience. The PGPM-FBE, offered
Disney to pay $10 million FTC settlement over children’s data
[ad_1] A water tower stands at Walt Disney Studios on June 3, 2025 in Burbank, California. Mario Tama | Getty Images The Walt Disney Company will pay $10 million to settle Federal Trade Commission allegations that it enabled the unlawful collection of children’s personal data on YouTube. The FTC claimed the company allowed data to be collected from kids who
CRE giant BGO uses AI to find undervalued assets in unlikely areas
[ad_1] Investors own more than 131,000 homes in the Las Vegas Valley now. Las Vegas Review-journal | Tribune News Service | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family
Persistent heavy rain in north India, may lower crop output
[ad_1] People wade through a flooded road after a rise in the water level of river Yamuna due to heavy monsoon rains, in New Delhi Rain fury continued to lash north Indian States of Jammu and Kashmir, Himachal Pradesh, Punjab, Haryana, Rajasthan and Delhi, with most of the rivers flowing above danger marks. Apart from loss of human lives, roads
Insulated from Donald Trump’s tariffs: Indian companies target small towns, villages for growth; here’s why
[ad_1] The India-US trade relationship faces challenges as Trump has increased tariffs from August. (AI image) Indian companies are betting on robust demand from smaller towns and villages to counter the impact of US President Donald Trump’s 50% tariffs on India. India’s GDP grew at a 5-quarter high of 7.8% in the April-June period. Private consumption showed a 7% increase,
Macy’s (M) Q2 Earnings 2025
[ad_1] Macy’s posted fiscal second-quarter earnings Wednesday that easily topped Wall Street’s expectations, as it said revamped stores helped sales trends. The department store operator also raised its full-year earnings and sales guidance. It now expects adjusted earnings of between $1.70 and $2.05 per share, compared with $1.60 to $2 per share, and revenue between $21.15 billion and $21.45 billion,
Heavy rains lash Delhi-NCR; check out IMD prediction for 4-8 September
[ad_1] Heavy rains continue in Delhi-NCR. Parts of the city received heavy rainfall on Wednesday afternoon (September 3). The India Meteorological Department (IMD) predicted “generally cloudy sky with moderate rain” for Delhi today. IMD’s prediction for Delhi for September 4-8 A “thunderstorm with rain” has been predicted for tomorrow (September 4), followed by “generally cloudy sky with moderate rain” on
Lupin gets USFDA nod for generic risperidone extended-release injectable suspension
[ad_1] Pharma major Lupin Ltd on Wednesday said it has received approval from the US health regulator for its generic version of risperidone for extended-release injectable suspension, used in the treatment and maintenance of schizophrenia and bipolar disorder in adults. The approval by the US Food and Drug Administration (USFDA) is for the abbreviated new drug application (ANDA) for risperidone
Lalbaugcha Raja: Where Ambanis bow and Mumbai believes
[ad_1] At 4 am on Tuesday, when the city that never sleeps was still in a lull, Anant Ambani stood before the 14-foot idol of Ganesha known as Lalbaugcha Raja (King of Lalbaug), who has ruled over the faith of crores for the past 92 years. Eyes shut, lips murmuring a silent prayer, Ambani was one among the countless who
Weather Update (September 3): IMD issues red alert for Himachal Pradesh, Punjab, Jammu & Kashmir and other states; flight operations to Leh affected
[ad_1] The India Meteorological Department (IMD) has issued red alert for several states in the country due to heavy rainfall. These include some districts across Jammu & Kashmir, Ladakh, Himachal Pradesh, northern Punjab, northern Haryana, eastern Rajasthan, southwest Uttar Pradesh, northwest & eastern Madhya Pradesh and Odisha. Meanwhile, flight operations to Leh affected due to bad weather and Delhi Airport