SBI Research indicates that a proposed two-tier GST structure, featuring lower rates on household goods, could increase consumption by Rs 1.98 lakh crore. However, this revamp is projected to cause an annual revenue loss of Rs 85,000 crore. The shift aims to boost GDP and moderate inflation, with a panel set to examine the proposal. Post navigation Fed succession race: US Treasury chief Scott Bessent says interviews for new chair to begin September 1, 11 candidates in fray Big ‘Make in India’ boost! IAF to get 97 LCA Mark 1A fighter jets; details here
