India will reduce taxes on hundreds of consumer goods, including air conditioners and small cars, to boost local demand amid steep U.S. tariffs, the government announced Wednesday.
Finance Minister Nirmala Sitharaman said the revised goods and services tax (GST) will take effect on September 22, ahead of the Hindu festival season. The overhaul reduces GST tiers from four to two rates: 5% and 18%, while a few high-end items, such as luxury cars and tobacco, will face 40%, and life and health insurance will remain tax-free.
The move is part of Prime Minister Narendra Modi’s strategy to shield the Indian economy from U.S. tariffs, which threaten $48.2 billion in exports following last month’s additional 25% duty imposed by Washington in response to India’s Russian oil imports.
Modi said the reforms aim to improve citizens’ lives and ease business operations, particularly for small traders and manufacturers.
India–U.S. trade relations have grown in recent years but remain vulnerable to disputes over market access and domestic political pressures.
A teacher who was stabbed by a student fascinated by "Nazi ideologies" in a middle school in northeastern France is in stable condition, the French ed...
A shooter killed at least one person and wounded others in a shooting on Wednesday at an Immigration and Customs Enforcement field office in Dallas be...
Iran has no intention to build nuclear weapons, Iranian President Masoud Pezeshkian told the U.N. General Assembly on Wednesday, just days before inte...
Kabul’s groundwater is falling to record lows, pushing many residents to buy drinking water from mobile tankers, according to the Ministry of Energy...
NASA officials on Tuesday said the agency's first crewed flight in its Artemis programme - a trip around the moon and back - is on track for launch in...
A teacher who was stabbed by a student fascinated by "Nazi ideologies" in a middle school in northeastern France is in stable condition, the French education minister told reporters on Wednesday.
A shooter killed at least one person and wounded others in a shooting on Wednesday at an Immigration and Customs Enforcement field office in Dallas before dying of a self-inflicted gunshot wound, local and federal authorities said.
Iran has no intention to build nuclear weapons, Iranian President Masoud Pezeshkian told the U.N. General Assembly on Wednesday, just days before international sanctions could be reimposed on his country over Tehran's nuclear ambitions.
Kabul’s groundwater is falling to record lows, pushing many residents to buy drinking water from mobile tankers, according to the Ministry of Energy and Water (MoEW).
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A teacher who was stabbed by a student fascinated by "Nazi ideologies" in a middle school in northeastern France is in stable condition, the French education minister told reporters on Wednesday.
A shooter killed at least one person and wounded others in a shooting on Wednesday at an Immigration and Customs Enforcement field office in Dallas before dying of a self-inflicted gunshot wound, local and federal authorities said.
Iran has no intention to build nuclear weapons, Iranian President Masoud Pezeshkian told the U.N. General Assembly on Wednesday, just days before international sanctions could be reimposed on his country over Tehran's nuclear ambitions.
Kabul’s groundwater is falling to record lows, pushing many residents to buy drinking water from mobile tankers, according to the Ministry of Energy and Water (MoEW).
The military-led West African countries Mali, Burkina Faso and Niger have announced their withdrawal from the International Criminal Court, denouncing it as "a tool of neo-colonial repression."
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment