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September 9, 2025 6:02 PM

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Reduction of GST on handicraft items creates competition in global markets

The government has reduced the GST on a broad range of handicraft items from 12 percent to 5 per cent, offering a major boost to artisans and the traditional crafts sector. This reduction applies to items such as wooden, stone, and metal idols, original paintings and engravings, handcrafted candle...

September 9, 2025 5:53 PM

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Oil prices up

 Crude oil prices rose today. Brent Crude was trading 0.8 per cent up at 66 dollars and 55 cents per barrel, and WTI Crude was also trading over 0.8 per cent up at 62 dollars and 79 cents per barrel, when reports last came in....

September 9, 2025 5:50 PM

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Rupee appreciates by 15 paise to close at 88.11 against US dollar

 In the Forex market, the rupee today appreciated by 15 paise to close at 88 rupees and 11 paise against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, was trading at 97.40 in intra-day trade....

September 9, 2025 5:07 PM

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Domestic markets close with marginal gains

  Benchmark domestic equity indices ended with marginal gains today. The Sensex gained 314 points, or 0.39 per cent to close at 81 thousand and 101. Similarly, Nifty added 95 points or 0.39 per cent, to settle at 24 thousand 868. The broader market indices at the Bombay Stock Exchange also displ...

September 9, 2025 12:46 PM

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India unveils UPI–UPU integration at Universal Postal Congress in Dubai

Dubai, September 8 - Union Minister for Communications and Development of North Eastern Region, Jyotiraditya M. Scindia, today unveiled the UPI–UPU Integration project at the 28th Universal Postal Congress in Dubai, calling it a landmark step to transform cross-border remittances and expand financ...

September 9, 2025 6:32 AM

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Cheaper Shampoo, Hair Oil, Shaving Cream as GST Reforms Kick In

On this Independence Day at the ramparts of Red Fort, Prime Minister Narendra Modi announced the next generation of GST reforms by Diwali. The Prime Minister’s vision of creating a more efficient and citizen-friendly economy was realised as the GST Council on 3rd September approved rates rationali...

September 8, 2025 6:09 PM

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Forex, Currency and Bond Markets Remain Shut for Id-E-Milad Holiday

In the Forex market, domestic currency and bond markets remained closed today for the Eid al-Milad holiday. Trading in the rupee as well as bonds will resume on Tuesday. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, was trading at 97.66 ...

September 7, 2025 9:09 PM

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CBIC Dismisses Fake Social Media Message on GST Transition Benefits

The Central Board of Indirect Taxes and Customs (CBIC) has dismissed an informal message being circulated on social media platforms, claiming that certain Transition Benefits under GST will be applicable, related to Unutilised cess credit, ITC of exempted supplies and New price adjustment provisions...

September 7, 2025 7:49 AM

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Next Gen GST will benefit agriculture sector and farmers: Shivraj Singh

Union Agriculture and Rural Development Minister Shivraj Singh Chouhan has stated that the newly introduced GST rates and slabs will have a significant impact on the agriculture sector. Speaking at a press conference in Bhopal, the Union Minister explained that the changes will particularly benefit ...

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