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GST revamp to see rates of 5%, 18%; 40% tax on 7 items

GST revamp to see rates of 5%, 18%; 40% tax on 7 items

by AIP Online Bureau | Aug 15, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management

When the revamped structure is approved by the GST Council, 99 per cent of items in the current 12 per cent slab will move to the 5 per cent bracket. Similarly, almost 90 per cent of goods and services that are currently charged at 28 per cent would shift to an 18 per...
Talks for treaty on plastic pollution end without agreement

Talks for treaty on plastic pollution end without agreement

by AIP Online Bureau | Aug 15, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, International News, Risk Management

The fifth round of negotiations on the plastics treaty (INC-5.2) in Geneva was part of efforts launched in 2022 to address what the United Nations calls a “plastic pollution crisis” that threatens oceans, wildlife, human health and the climate. Scientists...
FinMin proposes 2-slab GST rate structure, special rates on select goods

FinMin proposes 2-slab GST rate structure, special rates on select goods

by AIP Online Bureau | Aug 15, 2025 | Eco/Invest/Demography, Indian News, Policy

Nirmala Sitharaman, Union Finance minister With regard to reduction in slabs, the Centre has proposed moving towards simple tax with two slabs — standard and merit. Special rates would apply only on select few items. Currently, GST is a 4-tier structure of 5,...
Govt to constitute task force for next-generation reforms: PM

Govt to constitute task force for next-generation reforms: PM

by AIP Online Bureau | Aug 15, 2025 | Eco/Invest/Demography, Indian News, Policy

“We have decided to constitute a task force for next-generation reforms. This force will work within a set time-frame to align existing laws with the needs of the 21st century and prepare the nation to become ‘Viksit Bharat’ by 2047,” Prime...
GST rates to ‘substantially’ reduce by Diwali: Modi

GST rates to ‘substantially’ reduce by Diwali: Modi

by AIP Online Bureau | Aug 15, 2025 | Eco/Invest/Demography, Indian News, Policy

Prime Minister Narendra Modi addressing the nation on 79th Independence Day in New Delhi on Friday Analysts say, Modi’s statements on GST indicate that the much awaited GST reduction proposals in Health Insurance and Term life insurance policies, which is on...
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  • GST revamp to see rates of 5%, 18%; 40% tax on 7 items
  • Talks for treaty on plastic pollution end without agreement
  • FinMin proposes 2-slab GST rate structure, special rates on select goods
  • Govt to constitute task force for next-generation reforms: PM
  • GST rates to ‘substantially’ reduce by Diwali: Modi

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