Question
The GST Council in its 56th meeting approved a two-rate
system effective from September 22, 2025What are the two main GST rates?Solution
The GST Council approved a shift to a two-rate GST system of 5% and 18%, while a special 40% rate applies to luxury/sin goods like tobacco and yachtsMany essential and middle-class goods were moved to the 5% slab, while health and life-saving drugs were made 0% rated
The Ministry of Culture raised financial assistance from ₹1 crore to which amount for heritage projects in 2025?
GIC, Singapore, has launched a new platform in India to fund smart metering projects in the country with a capital outlay of $2 billion.GIC will hold a...
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Kashi Tamil Sangamam (KTS) 4.0 will be held during which dates in 2025?
What major change did the Infosys Science Foundation implement in the Infosys Prize criteria starting May 15?
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What is the expected GDP growth for India in FY 2025–26 according to RBI projections?
What milestone did the Indian Navy vessel INS Sarvekshak achieve in Mauritius?
What was the key reason behind the surge in banking stocks such as PNB, Axis Bank, and HDFC Bank following RBI’s announcement?
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