Скачать или смотреть GST rates to reduce this year

This Independence Day, PM Modi announced 2 big moves to change your daily expenses & career prospects:

📌 GST Reforms – A Diwali Gift 🎁

Govt is planning a two-slab GST system (likely 5% & 15%) instead of the current 4–5 slab structure (5%, 12%, 18%, 28%).

99% of items in the 12% slab may move to 5% → making daily essentials significantly cheaper.

MSMEs & local vendors to get relief with simpler compliance and reduced working capital strain.

Consumers benefit directly through lower prices on household goods, FMCG items, and services.

High-taxed luxury/sin goods (like tobacco, luxury cars) likely to remain in the top slab.

📌 ₹1 Lakh Crore PM Viksit Bharat Rozgar Yojana

Newly employed youth to get ₹15,000 support.

Expected to benefit 3 crore young Indians.

Pushes formal employment, boosts consumption & income growth.

💡 Why it matters: Cheaper essentials + more jobs = stronger Bharat 2047 mission.

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