Globalnews

Nirmala Sitharaman Unveils Landmark GST Reforms 2025: What It Means for You  Finance Minister Nirmala Sitharaman announces historic GST reforms 2025. Know how reduced GST slabs, tax cuts on essentials, and a 40% luxury goods slab impact consumers, businesses, and India’s economy. Introduction India’s indirect tax regime has entered a new chapter. On September 3, 2025 , Finance Minister Nirmala Sitharaman announced sweeping GST reforms that will impact millions of households, small businesses, and industries. The new GST structure will take effect from September 22, 2025 , aiming to simplify taxation, cut costs on daily essentials, and encourage domestic demand. Let’s dive into the details of this reform and what it means for you. Simplified GST Slabs The highlight of the reform is the reduction of GST slabs . India will now primarily operate under two main slabs: 5% GST 18% GST The earlier 12% and 28% slabs have been eliminated. This two-tier GST structure makes c...

Indian Rupee at Record Low: How UAE & GCC Remittances Are Surging in 2025 The Indian Rupee hit a record low of ₹88.30 against the U.S. dollar, boosting remittances from UAE and GCC expats. Discover why INR is falling, how NRIs benefit, and the future of UAE to India money transfers . Introduction The Indian Rupee (INR) has always been a sensitive barometer of global economic pressures. In 2025, the rupee touched an all-time low of ₹88.30 per U.S. dollar (around ₹24.03 per UAE dirham ). While the fall created challenges for importers and policymakers in India, it also triggered a massive remittance surge from the UAE and GCC countries . For millions of Non-Resident Indians (NRIs) working in Dubai, Abu Dhabi, Sharjah, Riyadh, Doha, and other Gulf hubs, the weaker rupee has opened a golden opportunity. Every dirham, riyal, or dinar they send home fetches more rupees than ever before. Exchange houses and banks across the Gulf are witnessing a sharp rise in transfers, especially...