PMAY acting as change agent with demonstrated wealth effect: SBI report

IANS | October 15, 2025 10:01 AM

New Delhi, Oct 15 (IANS) At least 1.2 crore houses have been sanctioned under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) and PMAY-U 2.0 (till August 25), and the scheme is acting as a change agent with it becoming a catalyst for enhanced discretionary and even non-discretionary spending with a demonstrated wealth effect, financial stability and well-being, an SBI report said on Wednesday.

GST reforms spur shopping boom ahead of Diwali and Dhanteras

IANS | October 14, 2025 9:51 PM

New Delhi, Oct 14 (IANS) The recent Goods and Services Tax (GST) reform has brought visible relief to consumers, with prices of several essential and electronic products falling sharply. The move has made goods more affordable for the middle class and is driving a surge in festive season shopping across the country.

GST rate cut brings festive cheer to Mumbai markets and households

IANS | October 14, 2025 9:26 PM

Mumbai, Oct 14 (IANS) As the festive season kicks in, Mumbai’s bustling markets are witnessing renewed energy and increased footfall, thanks to the recent GST rate reductions. From staple foods to home appliances, the price drop is being hailed as a major relief for both traders and consumers — especially homemakers managing tight household budgets.