GST 2.0 set to unlock volume growth for FMCG sector: Report

IANS | September 5, 2025 6:55 PM

New Delhi, Sep 5 (IANS) The fast-moving consumer goods (FMCG) sector stands at the cusp of a structural reset as the GST Council has rolled out GST 2.0, with the reform simplifying the existing four-tier structure into two slabs – 5 per cent and 18 per cent – with a 40 per cent rate reserved for sin and luxury goods, a report said on Friday.

SpiceJet swings to Rs 234 crore loss in Q1, revenues fall over 34 pc

IANS | September 5, 2025 6:17 PM

Mumbai, Sep 5 (IANS) Budget airline SpiceJet on Friday slipped into the red in the April–June quarter (Q1) of FY26, reporting a consolidated net loss of Rs 234 crore compared to a net profit of Rs 158 crore in the same period previous financial year (Q1 FY25).

Net revenue shortfall from GST revamp to be cushioned by higher RBI dividend transfer

IANS | September 5, 2025 5:10 PM

New Delhi, Sep 5 (IANS) The net revenue shortfall from GST rationalisation is estimated at 0.1 per cent of GDP for this fiscal year, to be cushioned by the higher RBI dividend transfer, a report said on Friday, adding that the GST rationalisation is a timely and positive step to support economic momentum, particularly amid persistent external headwinds.