GST Bachat Utsav Showcases Nationwide Relief and Growth Momentum

28 Oct 2025 CW Team

Union Ministers Nirmala Sitharaman, Piyush Goyal, and Ashwini Vaishnaw jointly addressed a press conference in New Delhi on the GST Bachat Utsav, underscoring the far-reaching benefits of the Next-Generation GST reforms implemented ahead of Diwali.

Finance Minister Nirmala Sitharaman announced that the revised GST rates—effective from the first day of Navratri—have simplified compliance by reducing slabs from four to two and ensuring greater benefits to consumers. The Finance Ministry is closely tracking 54 essential items to confirm that the lower tax rates are being passed on fully to end consumers.

Commerce and Industry Minister Piyush Goyal described the reform as a “double dhamaka” for Indian households, delivering both relief and prosperity. He highlighted that tax reductions worth Rs 2,500 billion through direct and indirect measures have boosted disposable income and accelerated economic activity. Goyal added that affordability in essentials and infrastructure is fuelling consumption and making India the fastest-growing large economy.

Railways and IT Minister Ashwini Vaishnaw noted record Navratri sales in electronics, with demand rising 20–25 per cent year-on-year. He attributed the surge to GST-driven affordability, stable policies, and improved purchasing power. The electronics manufacturing sector has created over 2.5 million jobs and achieved double-digit growth, with major global firms increasing India-based production.

Vaishnaw also announced the commencement of production at two semiconductor plants—CG Semi and Kaynes—marking India’s entry into chip manufacturing. Citing macroeconomic trends, he stated that consumption has risen nearly 10 per cent adding Rs 2,500 billion in spending, further strengthening the cycle of demand, investment, and growth.

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Company showcases North America-certified machinery and secures new deals

Zoomlion Heavy Industry Science & Technology Co., recently showcased a wide portfolio of North America-certified and customised construction equipment at CONEXPO-CON/AGG 2026 in Las Vegas. The display included engineering hoisting machinery, concrete equipment, earthmoving machinery, mining equipment and construction hoisting solutions tailored to regional operational requirements.All equipment presented at the exhibition complies with North American certification standards, with several models specifically developed to meet local regulatory requirements and site conditions. One of the hig..

Sinoboom Launches Dual-ETM Smart Technology

Sinoboom recently introduced its Dual-ETM Smart Technology at CONEXPO-CON/AGG 2026, designed to enhance battery endurance and operational efficiency in electric boom lifts.The new technology integrates advanced components that enable real-time optimisation of power usage during equipment operation. By calculating the precise power requirement instantly, the system delivers only the energy needed for each movement, reducing the inefficiencies associated with conventional maximum-demand power systems.The solution incorporates multiple sensors—including pressure, weight, length and level sensor..