The outcomes from the GST council Meeting state great relief on the electronic prices.
Punjab’s Heaviest Rainfall in Years Halts Daily Life
In the past few days, Punjab has been under the hit of floods.And, today, the heaviest and the highest ever rainfall has been witnessed in the region. This has severely disrupted life in the Tricity Area (Chandigarh, Mohali and Panchkula).
Major waterlogging is affecting roads, homes and essential services. Though, authorities are doing their part. Relief operations are underway. The residents are facing the issues as tough conditions are worsening their lives.
Semiconductor Surge: India Poised to Become a Global Hub
At the Semicon India 2025,a three day conference from September 2 to 4 which is held in New Delhi, Union Electronics and IT Minister Ashwini Vaishnaw unveiled 13 major announcements. These announcements are signaling that India is accelerating its semiconductor ambitions.
Experts at the event emphasized that government support and industry collaboration are critical to transforming India into a key player in the global industry.
Auto Stocks surge after GST Cut
After the discussions at 56th GST council Meeting held in Delhi, the outcome shooted the auto stocks. As per the discussions, the tax rates on automobiles revealed a direct cut of 10% as these came down from 28% to 18%.
Shares of many manufacturing companies like Mahindra, Eicher Motors jumped to 8%. There is much discussion around about the price cut as it is expected that it will raise the demand due to lowered prices.
Electronics Prices Set to Drop with GST Reduction
The outcomes from the GST council Meeting state great relief on the electronic prices. The tax rate has been reduced by 10% on large-screen TVs, air conditioners and dishwashers. As per the experts, it will surge the demand of such appliances as the festival season is ahead.
China Slaps Tariffs on U.S. Optical Fibre Imports
The Commerce Ministry of China has announced more tariffs on U.S. single mode optical fibre imports. This will be effective from September 4. Officials reveal national industry concerns, say this move is aimed at protecting domestic producers. Such can even lead to escalations in economic tensions between two global powers.
