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GST

GST 2.0 ushers in sweeping tax cuts and simpler two-slab regime from September 22

Council scraps 12% and 28% slabs, exempts life and health insurance, and slashes rates on household goods to ease burden on families and businesses.

 18% Goods and Services Tax

GST cut on health, term insurance on the cards

Government mulls scrapping 18% levy or reducing it to 5%; move could slash premiums, boost coverage and widen insurance reach.

former Reserve Bank of India (RBI) governor

Trump tariffs could shave 50 bps off India’s growth, worsen jobless recovery, says former RBI governor

Duvvuri Subbarao warns of export shock, rising borrowing costs, and reputational risks from US rhetoric.

Diamond hub

Surat diamond hub faces US tariff blow as exports and jobs hang in balance

A sudden 50% tariff on Indian polished diamonds threatens to wipe billions from exports, slash lakhs of jobs and shake the very foundations of the world’s largest cutting and polishing hub.

US tariffs on India may widen India–China stock gap, heighten export risks

India faces increasing economic pressure as steep 50% US tariffs jeopardize key export sectors, potentially opening the door for competitors while prompting urgent responses from India’s political and state leaders.

Tamil Nadu’s textile belt

Tamil Nadu’s textile hubs reel as US slaps 50% tariff, exporters fear ‘de facto embargo’

Orders stall, rivals swoop in, and over 2 lakh jobs could be at risk if crisis deepens.

free access for American cotton

India weighs duty-free US cotton, limited farm quotas as trade tensions flare

With tariffs deepening rift over Russian oil, New Delhi explores concessions to salvage key deal amid growing industry unease and fragile export margins.

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