September 4, 2025 9:28 PM

Govt Introduces Digital Hallmarking System for Silver Jewellery with HUID

The central government has introduced voluntary hallmarking for silver jewellery, enhanced by a digital Hallmarking Unique Identification (HUID) system for quality assurance, with effect from the first of this month. In a statement, the Ministry of Consumer Affairs, Food and Public Distribution said...

September 4, 2025 8:11 PM

Industry Bodies Welcome Next-Gen GST Reforms: CITI Secy Gen Chandrima Chatterjee

Industry bodies have welcomed the next generation GST reforms, saying that the simplification of the tax set-up will help in ease of doing business. Speaking exclusively to Akashvani, Chandrima Chatterjee, Secretary General, Confederation of Indian Textile Industry (CITI), said that the Indian Texti...

September 4, 2025 5:30 PM

IMC Hails GST Rationalisation, Calls it Landmark Reform

The IMC Chamber of Commerce and Industry has welcomed the Government’s recent decisions on rationalization of Goods and Services Tax (GST) rates. Mr. Arvind Bhansali, Chairman of IMC’s Indirect Taxation Committee, said the move to simplify GST slabs from four (5%, 12%, 18%, 28%) to two simplifie...

September 4, 2025 11:44 AM

CAIT Calls GST Reforms and Tax Rate Restructuring Historic and Revolutionary

The Confederation of All India Traders (CAIT) has termed the recent GST reforms and restructuring of tax rates as historic and revolutionary. It said that these reforms will not only benefit small traders, consumers, and India’s economy but will also simplify the tax structure and significantly bo...

September 4, 2025 8:04 AM

Industry bodies appreciates GST reforms; Say it will help in ease of doing business

Industry bodies have welcomed the next generation GST reforms, saying that the simplification of the tax set-up will help in ease of doing business. The Confederation of Indian Industry - CII said that the two rates of 5 per cent and 18 per cent will simplify refunds and MSME procedures. It also hai...

September 4, 2025 8:32 AM

GST Council Cuts Rates on Insurance, Medicines, Daily Essentials; Major Relief for Common Man, Farmers and Industries

The GST Council has approved the rate rationalisation with a focus on the common man, labour-intensive industries, farmers and agriculture, health, and key drivers of the economy. Briefing the media in New Delhi last night, Finance Minister Nirmala Sitharaman said that the Goods and Services Tax on ...

September 4, 2025 7:52 AM

PM Modi hails GST reforms unveiled by Finance Minister Nirmala Sitharaman

Prime Minister Narendra Modi has hailed the next-generation reforms in GST announced by Finance Minister Nirmala Sitharaman. In a social media post, Mr. Modi said that the government has decided to cut GST rates, which will benefit the common man, farmers, MSMEs, middle-class, women and youth. He ad...

September 4, 2025 6:52 AM

Minister of State Dr. L. Murugan: PM Modi Set Tone for Next-Generation GST Reforms

Minister of State for Information and Broadcasting, Dr. L Murugan, has said that Prime Minister Narendra Modi had set the tone for the next generation reforms on the 79th Independence Day. He said that Mr. Modi had decided to give the benefit before the Diwali festival.      Speaking about GST...

September 3, 2025 7:39 PM

Gold Inches Up, Silver flat in Indian Bullion Market

In the Indian bullion market, 24 Karat Gold was trading over half a per cent up at 1,06,800 rupees per 10 grams, and Silver was trading flat at 1,24,400 rupees per kilogram, a short while ago. At the Multi Commodity Exchange, gold for October contract was trading over half a per cent up at 1,06,3...

September 3, 2025 6:32 PM

Rupee appreciates by 9 paise to close at 88.06 against US dollar

In the Forex market, the rupee today appreciated by nine paise to close at 88 rupees and six paise against the US dollar amid positive domestic equities, softening of crude oil prices and weak US dollar index. The dollar index, which indicates US dollar's strength against a basket of six other leadi...