GST reforms: Congress says it is vindicated
Goods and Services Tax
after Prime Minister Narendra Modi promised a simplified GST structure.
Independence Day 2025
Modi signals new push for tech independence with local chips
Before Trump, British used tariffs to kill Indian textile
Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency
Congress general secretary, communications, Jairam Ramesh claimed the economy has never recovered from the twin "Modi-inflicted shocks" of GST 1.0 and
demonetisation
.
"It was the Vijay Kelkar Committee report of 2004 that led to the first announcement of GST in Mr. P. Chidambaram's Budget Speech of Feb 28, 2006. Here, Dr. Kelkar and his colleagues offer their suggestions for a transformed
GST 2.0
," Ramesh said in a post on X.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Could This NEW Collagen Blend Finally Reduce Your Cellulite?
Vitauthority
Learn More
Undo
"The Indian National Congress stands vindicated on its criticism of the flawed GST 1.0 that was pushed through on July 1, 2017, giving the economy its second serious shock after the notebandi of Nov 8, 2016. The economy has never recovered from these twin Modi-inflicted shocks," the Congress leader said in his post.
The Congress has been alleging that the GST 1.0 is flawed and there has to be one single tax, with Rahul Gamdhi dubbing it as "Gabbar Singh Tax".
Live Events
Prime Minister Modi on Sunday said the Centre has circulated the draft of the next-generation
GST reforms
among states and sought their cooperation to implement the proposal before Diwali.
He said the reform in GST would benefit poor and middle-class people, as well as small and big businesses.
Modi had announced the proposal to reform the GST law in his Independence Day speech on August 15 from the ramparts of the Red Fort.
The present GST tax rates of nil/zero on essential food items, 5 per cent on daily use products, 12 per cent on standard goods, 18 per cent on electronics and services and 28 per cent on luxury and sin goods will be replaced by two tax slabs of 5 per cent and 18 per cent plus a special 40 per cent top bracket for 5-7 demerit goods.
The proposed two-slab regime, if approved by the
GST Council
, will replace the current four slabs in the Goods and Services Tax (GST) regime, doing away with the 12 per cent and 28 per cent slabs.
The changes that have come about after nearly six months of deliberations and dozens of meetings have been conceived in a way to ensure that demand for tax tweaks does not arise, and also that input tax credit (ITC) does not get accumulated in the system.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
11 minutes ago
- Time of India
Gemini Daily Horoscope Today, August 19, 2025: Don't miss the window to turn dreams into action
Today calls for mindfulness to stay calm and balanced. Situations may seem distracting, but staying present will help you make better choices. Avoid overthinking about the past or worrying about the future. Focus on what is happening now and act with clarity. Simple awareness will reduce stress and open doors to solutions. People around you may seek your attention, so listen carefully. When you remain centered, everything flows smoothly. Practice mindfulness and let peace guide you through this day. Gemini Love Horoscope Today In love, mindfulness helps you connect deeply with your partner. If in a relationship, listen carefully to their needs and respond with understanding. Avoid letting small misunderstandings grow into conflicts. Being present in the moment strengthens your bond. For singles, mindfulness allows you to choose connections that feel genuine. Do not rush; instead, enjoy the process of getting to know someone. Love today is about emotional awareness and being fully present. This approach makes relationships peaceful and fulfilling. Gemini Career Horoscope Today Your career today benefits greatly from staying focused and aware. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Avoid distractions that slow your progress. Mindfulness in handling tasks improves performance and reduces errors. Stay calm in meetings or discussions, and think before responding. Colleagues may appreciate your composed attitude. Seniors may trust you with important work because of your clarity. Avoid multitasking unnecessarily; instead, handle tasks one by one with care. When you work with mindfulness, you achieve more in less time and gain respect for your efforts. Gemini Money Horoscope Today Finances require calm and mindful handling today. Avoid making emotional decisions about money. Think clearly before spending or investing. Keeping track of expenses and staying aware of your budget will help you avoid stress. If someone offers advice, listen carefully but make decisions only after full understanding. Savings will grow steadily when managed with awareness. Avoid unnecessary purchases and focus on long-term goals. Mindful money habits today ensure security and stability for the future, reducing financial worries effectively. Gemini Health Horoscope Today Health improves when you practice mindfulness in your daily routine. Eat slowly, choose fresh food, and avoid habits that harm your well-being. Stress may affect energy, so include calming practices like meditation or deep breathing. Avoid rushing through workouts; instead, focus on movements that make you feel good. Sleep peacefully by avoiding screens before bedtime. When you stay aware of your body's needs, both mental and physical health become stronger. Discover everything about astrology at Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces . Read your detailed Horoscope Today and Horoscope Tomorrow here.
Time of India
15 minutes ago
- Time of India
Youth unemployment in Punjab, Haryana, and Himachal higher than national avg
Chandigarh: Job scenario in Punjab, Haryana, and Himachal Pradesh presents a grim picture for the young age group (15–29 years), with all three states facing high unemployment as compared with the national average. The hill state of Himachal Pradesh has emerged as the worst-hit among the three, according to the latest Periodic Labour Force Survey (PLFS) report for April–June 2025, released by the ministry of statistics and programme implementation, Govt of India. The data show that Himachal's youth unemployment remains a pressing concern despite a relatively high labour force participation. Punjab also continues to grapple with above-average joblessness. Haryana, while closer to the all-India average in unemployment, has lower participation, but a stronger tilt towards services and industry. Himachal Pradesh recorded a youth unemployment rate of 29.6%, sharply higher than the all-India average of 14.6%. Joblessness was in rural areas is 29.1% while in urban areas it is 31.3%. Among females, unemployment stood at 32.5% in rural areas and 41.2% in urban areas, compared with 26.3% and 24% for rural and urban males, respectively. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like A Teaspoon Before Bed Burns Body Fat - Fit Into Your Clothes Again! Weight Loss News Undo Punjab reported a youth unemployment rate of 20.2%, with unemployment higher in rural areas (22.1%) than in urban areas (17.8%). Haryana fared better with combined rural and urban joblessness at 15.6%. The state witnessed higher rural (16.2%) unemployment in comparison to urban (14.9%). In terms of participation, Himachal Pradesh led the region with a labour force participation rate —- which reflects the proportion of people working, seeking, or available for work — of 47.1%, followed by Punjab at 45.9%, both above the national average of 42%. Haryana lagged at 35.7%. The worker population ratio (WPR) that reflects the share of employed persons in the population, was highest in Punjab at 36.6%, followed by Himachal at 33.2% and Haryana at 30.1%, compared with the all-India average of 35.8%. The structural pattern of employment also varied across the three states. In Punjab, 24.2% of workers were engaged in agriculture, 33.7% in the secondary sector (manufacturing, construction, and utilities), and 42.2% in services. Haryana showed a strong base in industry and services, with 31.2% in the secondary sector, 44.5% in services, and 24.4% in agriculture. Himachal Pradesh remained agriculture-heavy, with 53% in farming, 19.7% in industry, and 27.3% in services. At the national level, distribution stood at 39.5% in agriculture, 26.6% in the secondary sector, and 33.9% in services. Unemployment Rate (in %) in 15-29 age group State| Rural| Urban| Combined Haryana | 16.2 | 14.9 | 15.6 Himachal | 29.1 | 31.3 | 29.6 Punjab | 22.1 | 17.8 | 20.2 India | 13.1 | 17.9 | 14.6 Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
15 minutes ago
- Time of India
We will have to fight a battle for freedom once again to protect our agriculture: MLC Satej Patil
Kolhapur: Once upon a time, our country fought for its freedom. Now, we will have to fight a battle for freedom once again to protect our agriculture. Farmers should not fall prey to the lure of money, said Congress leader for legislative council MLC Satej Patil on Monday. Patil was addressing the 'dhadak' morcha at Ajara in Kolhapur district on behalf of Shaktipeeth Highway Virodhi Sangharsh Samiti. The morcha was held in Ajara town from Chhatrapati Shivaji Maharaj statue to Ajara Tehsildar office in presence of large number of farmers. Slogans like 'Ekach Jidd, Shaktipeeth Radd', 'Shaktipeeth Radd Jhalach Pahije' were raised on the occasion. "We never oppose projects which are necessary. However, we are opposing this project as it will destroy agriculture for the sake of contractors. After Ganesh festival, the fight against Shaktipeeth will be intensified. A conspiracy is being hatched to take away agriculture from farmers and put thousands of acres of agriculture in the hands of industrialists. Let us all remain united against the unnecessary Shaktipeeth project," added Patil. Former MP Raju Shetti said, "The lands that farmers brought under irrigation with great difficulty will not be given to thieves. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Investire per il futuro? Inizia da qui eToro Click Here Undo Due to Shaktipeeth, Kolhapur city and rural areas will be affected by floods. There is a plan to smuggle bauxite by excavating in eco-sensitive zones through this Shaktipeeth project. When an 800-km road needs 32,000 crores for its construction, the state govt has a plan to unnecessarily show a price of 1,06,000 crore and share 70,000 crores among themselves. Why sacrifice us for chief minister Devendra Fadnavis's dream project?" "This is the govt that drives bulldozers on slums, irritates farm labourers, and takes away land of the poor. This govt is attracted by money of industrialists. Farmers will not remain silent till the Shaktipeeth project is cancelled," said Shiv Sena (UBT) district convenor Vijay Dewane and comrade Sampat Desai on the occasion. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
