Brief by Shorts91 Newsdesk / 07:41am on 04 Sep 2025,Thursday India
The middle class in India will now spend less on daily needs and gadgets. Finance Minister Nirmala Sitharaman announced GST 2.0, the biggest reform in 8 years. The tax slabs are now only 5% and 18%, replacing the old four-slab system. Luxury and sin goods will be taxed at 40%. Items like frozen parathas, chapatis, paneer, and pizza bread are now GST-free. TVs and refrigerators will also cost less. Sitharaman said the changes focus on the “common man” and aim to boost festive season spending. The government hopes this will support farmers, industries, and the middle class. (PC: India Today)
