Finance Minister Nirmala Sitharaman has introduced a two-tier GST structure effective September 22, 2025, with 5% and 18% slabs. While life and health insurance premiums have been exempted from GST, casinos in Goa face a steep 40% levy under “sin goods”, raising concerns over footfall, fresh investments, and thousands of jobs
Goa Chamber of Commerce & Industry (GCCI) President Ms. Pratima Dhond welcomes sweeping GST reforms announced at the 56th GST Council Meeting. With simplified slabs, exemptions on insurance and essential items, and measures to support MSMEs, healthcare, and farmers, the reforms are expected to boost GDP, ease compliance, and promote financial inclusion.
India’s golden reserves just got richer! A fresh discovery of an estimated 10–20 tonnes of gold in Odisha has set the stage for a historic gold block auction, signaling a major boost for the country’s mining and economic future.
Silver prices in India have hit a historic peak of ₹1.11 lakh per kilogram, driven by strong global demand, safe-haven buying, and supply concerns.
India’s gross GST collections have doubled in just five years, reaching a historic high of ₹22.8 lakh crore in FY 2024–25, compared to ₹11.37 lakh crore in 2020–21. The average monthly GST collection now stands at ₹1.84 lakh crore, reflecting robust economic activity and improved compliance.
