GST rates have been rationalized on numerous items, significantly reducing the number of slabs and altering procedures. The Finance Minister emphasized a user-centric approach, considering daily use, aspirations, and the needs of farmers and MSMEs. These changes aim to ease compliance, boost consumption, and foster economic growth, while addressing concerns from states and exporters.
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Stock market recommendations: Bajaj Broking Research suggests Adani Ports and Jayaswal Neco Industries as top stock picks for September 5, 2025. NIFTY is expected to consolidate between 24,400 and 25,000. A move above 25,000 could lead to 25,250.
The BJP has strongly condemned Rahul Gandhi and Tejaswi Yadav after a video surfaced from a Bihar rally allegedly showing offensive language used against PM Modi and his late mother. The BJP accused the opposition leaders of stooping to the lowest form of politics, crossing all boundaries of insult and vulgarity. The party stated that the people of Bihar would not forgive them.
Tom Brady's newsletter about fatherhood reportedly reignited tensions with Gisele Bündchen post-divorce. Bündchen felt Brady perpetuated a narrative of sacrifice she didn't agree with, leading to strained co-parenting. Their interactions are now limited to logistical matters concerning their children. Meanwhile, Bündchen has embraced a new chapter, welcoming a child with Joaquim Valente and focusing on peace and stability.
The introduction of the rugby-style Bronco Test in the Indian cricketing system, by the current Indian Strength and Conditioning coach Adrian Le Roux, has created a lot of buzz. The 2011 World Cup-winning S&C coach Ramji Srinivasan calls it a much-needed step to improve the endurance of the fast bowlers. Meanwhile, Soham Desai, who recently left the Team India set-up, calls it 'just another test'.
Nvidia CEO Jensen Huang lauded TSMC, calling potential investors “very smart,” amidst reports of US interest in acquiring a stake in H20 chip sales to China. Huang revealed TSMC is developing six new Nvidia products, including CPUs and GPUs crucial for AI. Nvidia is also considering bringing its Blackwell processor to China.
Rahul Gandhi intensified his "vote chori" charge during his Bihar rally, accusing PM Modi, Amit Shah, and the ECI of manipulating elections through a "Gujarat model" of vote theft. He claimed to possess evidence of electoral fraud in multiple states, including Maharashtra, where the ECI allegedly inflated votes favouring the BJP after the Lok Sabha elections.
In Gurgaon, a man lying inebriated on the road was shockingly run over by an SUV, an incident captured on camera. Miraculously, he sustained only minor injuries and sat up moments later. Despite the efforts of several passers-by to assist him, the unresponsive man remained on the road, unmoved from his position.
Prime Minister Narendra Modi emphasized India's commitment to strengthening ties with China based on mutual respect and interest, ahead of his visit to Tianjin for the SCO Summit. He highlighted the potential for India-China relations to foster regional and global stability.
Vladimir Putin asserted that Russia and China are collaborating to strengthen the BRICS grouping, positioning it as a counterbalance to discriminatory sanctions. He advocated for reforms in global financial institutions, criticizing the existing system's bias towards the West. Putin also highlighted joint efforts within the G20 to prioritize the interests of the Global South.
Finance Minister Nirmala Sitharaman announced upcoming GST reforms aimed at creating a more open and transparent economy, reducing compliance burdens for small businesses. The proposed changes include simplifying the tax slab structure, streamlining registration and filing processes, and addressing rate concerns across various industries.