GST reforms, Fiis Selling, Tariffs and H1 B Visa will affect the news. First of all, new GST rates will be applied from 22 September. After the GST is two new slabs, most of the goods will be charged 5 percent or 18 percent GST.

V. Anant Nageswaran, Chief Economic Advisor to the Government of India, has warned in an interview recently that the tariffs imposed by former US President Donald Trump can cause a loss of about ₹ 1.6 lakh crore (0.5%of GDP) to the Indian economy. This loss will depend on the period of Tarifs – if they are further extended, the effect can be felt by the next financial year. However, he expressed confidence that India’s real GDP growth is likely to be between 6.3% to 6.8%. He also said that the government will reduce GST rates on more than 400 items and increase the domestic consumption from Income Tax Relief in February Budget. It is estimated that it will provide a consumption boost of ₹ 5.3 lakh crore, which will compensate for the damage caused by the tariff. But the challenge does not end here – US Treasury Secretary Scottary Scott Bessent has indicated that additional sanctions and tariffs can be imposed on the countries who buy oil from Russia, which can lead to loss. Nevertheless, Finance Minister Nirmala Sitharaman has clarified that India will continue to purchase oil from Russia.

If you are thinking of buying a house in this festive season, then there is good news for you. The fall in interest rates of home loan first and now proposed GST reforms can reduce the prices of homes. The government is preparing to reduce 4 GST slabs to 2 slabs, especially on building materials such as cement, steel and paint, GST can be reduced from 28% to 18%. This will reduce the cost of developers and reduce the construction cost of 1000 square feet flat to about ₹ 1.5 lakh. According to the report of Real Estate Consultant Company Anarock, GST reforms can reduce the prices of affordable flats by about 4% i.e. ₹ 2.5 lakh. Also, the fall in home loan interest rates by 1% will reduce your EMI and it is possible to defend about ₹ 8 lakh on a loan of 50 lakhs. The RBI is also expected to cut the repo rates in the future, which can increase the budget of your purchase even more. Taking a house in this festive season can bring double advantage for you – low prices and better loan options. Therefore, this can be the right time to take your dream home.

The central government has started the process of GST reforms, which will directly benefit the common people. According to the SBI report, the government may suffer a tax loss of Rs 85,000 crore, but instead the consumption of ₹ 1.98 lakh crore in the country is estimated to increase. The Average GST rate can be reduced from 14.4% to 9.5%, which will make everyday things cheaper. Proposed structure will have only 5% and 18% slabs. 40% sin tax can be applied on things like paan masala and tobacco. The Central Government Has Initiated a Major GST Reform Process, Likely to Directly Benefit The Common Man. According to SBI’s Report, The Government May Lose ₹ 85,000 Crore in Tax Revenue, But Consumption is expected to rain by ₹ 1.98 Lakh Crore. The average GST RATE BC Fall from 14.4% to 9.5%, Making Essential Items Cheaper. The New GST structure may include just two slabs: 5% and 18%. Harmful items like pan masala and tobacco may attract a 40% sin tax. A consumption boost during the festive season could uplift the economy and create jobs.