Festive gift for citizens: PM Modi unveils GST 2.0 as “Bachat Utsav”
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From GST reforms to India’s food boom and global innovation gains, here’s your sharp roundup of the stories powering business momentum:
GST 2.0 “Bachat Utsav” | On Navratri eve, PM Modi unveils simplified GST slabs—5% & 18%, with 40% on ultra-luxury/sin goods. The move boosts ease of compliance and consumption.
Food Processing Sector Crosses ₹2 Lakh Cr GVA | A vital bridge between agriculture & manufacturing, the sector is driving value-addition, exports, and jobs—now contributing over ₹2 lakh crore to GVA.
Dedicated Cargo Trains by Indian Railways | New services—Annapurna, Gati-Vahan, Niryat Cargo & Anantnag Cement—cut transit times, streamline logistics, and strengthen trade efficiency.
RCPL’s ₹768 Cr Food Park in Andhra | Reliance Consumer Products to set up a 120-acre integrated food park in Kurnool, creating 500 jobs and fueling its ₹1 lakh cr revenue vision.
Innovation Index 2025 | Switzerland tops global rankings, while India (38th) leads lower-middle-income economies and Central & South Asia—signaling rising innovation power.
Stay tuned for more such updates!
LEAD STORY
Festive gift for citizens: PM Modi unveils GST 2.0 as “Bachat Utsav”
On the eve of the nine-day Navratri festival, India is set to witness a landmark economic reform. As the nation celebrates the festival of Shakti, the Next Generation GST reforms are being rolled out as part of the Aatmanirbhar Bharat initiative. Effective September 22, the reforms simplify the four-tier GST structure into two main slabs—5% and 18%—with a 40% rate applied to ultra-luxury and sin goods, alongside the launch of a nationwide GST Bachat Utsav.
India’s food processing sector achieves Rs 2 lakh crore GVA
India’s food processing sector has emerged as a vital component of the country’s economy, bridging agriculture and manufacturing while driving exports and employment. With a vast agricultural base, the sector transforms raw produce into value-added products, contributing significantly to Gross Value Added (GVA) and foreign exchange earnings. Recent data indicates robust growth, with the sector achieving GVA exceeding Rs 2 lakh crore in the past two fiscal years. This article explores the sector’s performance, export trends, key markets, and future outlook, drawing on official statistics and industry reports.
Indian Railways launches dedicated cargo trains
Indian Railways has introduced dedicated cargo trains—Annapurna Service, Gati-Vahan service, Niryat Cargo Service, and Anantnag Cement Cargo Service—to link production hubs with consumption centres. Covering foodgrains, automobiles, containers, and cement, these services cut transit times significantly, streamline labour and truck operations, and ensure reliable, industry-aligned logistics, strengthening regional connectivity and boosting trade efficiency.
RCPL to set up ₹768 cr integrated food park in Andhra
Reliance Consumer Products will set up its first food park in Kurnool, Andhra Pradesh, with ₹768 crore investment. Spread over 120 acres, the project will be executed in two phases, create 500 jobs, and support RCPL’s ₹1 lakh crore revenue target.
Switzerland leads innovation, India tops lower-middle-income economies
Switzerland has once again been recognized as the world’s most innovative country, maintaining its top position in the Global Innovation Index (GII) 2025. Following Switzerland are Sweden, the United States, and other nations that continue to lead in innovation. Europe dominates the rankings, with 15 countries from the region featured in the top 25. Notably, India ranks 38th overall, securing the top spot among lower-middle-income economies and leading the Central and Southern Asia region, reflecting its growing innovation capabilities.
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23hGST 2.0: India’s Biggest Tax Reform for Growth and Inclusion The Goods and Services Tax (GST) Council, in its meeting on 3rd September 2025, approved a historic rationalisation of GST rates, which will roll out from 22nd September 2025. Supported unanimously by all states, the reform marks a significant step toward simplifying India’s indirect tax system while easing the burden on the common man. To read more, please visit https://vichaardhara.co.in/index.php/2025/09/22/gst-2-0-indias-biggest-tax-reform-for-growth-and-inclusion/