As India celebrates its 79th Independence Day, Indian Prime Minister Narendra Modi, from the ramparts of Red Fort, mentioned reforms for GST. After eight years, the country will now see a major reform, he assured. He said it is a gift the country will receive on Diwali. It more like an early announcement of a gift. He said, "This Diwali, I am going to make it a double Diwali for you. The country will receive a huge gift. Over the past eight years, we have undertaken a major reform in GST.”&nbsp;“We are bringing next-generation GST reforms. This will reduce the tax burden across the country,” he added.&nbsp;The Finance Ministry mentioned that the GST Council will be meeting next and ‘will deliberate on the recommendations of Group of Ministers’. The ministry also noted that all efforts will be made to facilitate the implementation of these reforms at the earliest. And the benefit of which will mostly be seen within this financial year.&nbsp;<h2>What does it mean to for the middle class?</h2>&nbsp;Rate Rationalisation:&nbsp;Reduction of taxes on common man items and aspirational goods: This would enhance affordability, boost consumption, and make essential and aspirational goods more accessible to a wider population.&nbsp;&nbsp;Reduction of slabs:&nbsp;Essentially move towards simple tax with 2 slabs – standard and merit. Special rates only for select few items.&nbsp;&nbsp;Compensation Cess:&nbsp;The end of compensation cess has created fiscal space, providing greater flexibility to rationalise and align tax rates within the GST framework for long-term sustainability.&nbsp;The Ministry of Finance mentioned, “The Government reaffirms its commitment to evolving the GST into a simple, stable, and transparent tax system — one that supports inclusive growth, strengthens the formal economy and enhances Ease of Doing Business (EoDB) across the country.”&nbsp;&nbsp;

As India celebrates its 79th Independence Day, Indian Prime Minister Narendra Modi, from the ramparts of Red Fort, mentioned reforms for GST. 

As India celebrates its 79th Independence Day, Indian Prime Minister Narendra Modi, from the ramparts of Red Fort, mentioned reforms for GST. After eight years, the country will now see a major reform, he assured. He said it is a gift the country will receive on Diwali. It more like an early announcement of a gift. He said, "This Diwali, I am going to make it a double Diwali for you. The country will receive a huge gift. Over the past eight years, we have undertaken a major reform in GST.” “We are bringing next-generation GST reforms. This will reduce the tax burden across the country,” he added. The Finance Ministry mentioned that the GST Council will be meeting next and ‘will deliberate on the recommendations of Group of Ministers’. The ministry also noted that all efforts will be made to facilitate the implementation of these reforms at the earliest. And the benefit of which will mostly be seen within this financial year. What does it mean to for the middle class? Rate Rationalisation: Reduction of taxes on common man items and aspirational goods: This would enhance affordability, boost consumption, and make essential and aspirational goods more accessible to a wider population. Reduction of slabs: Essentially move towards simple tax with 2 slabs – standard and merit. Special rates only for select few items. Compensation Cess: The end of compensation cess has created fiscal space, providing greater flexibility to rationalise and align tax rates within the GST framework for long-term sustainability. The Ministry of Finance mentioned, “The Government reaffirms its commitment to evolving the GST into a simple, stable, and transparent tax system — one that supports inclusive growth, strengthens the formal economy and enhances Ease of Doing Business (EoDB) across the country.”

As India celebrates its 79th Independence Day, Indian Prime Minister Narendra Modi, from the ramparts of Red Fort, mentioned reforms for GST.&nbsp;

PM Modi announces major GST reforms. What does it mean for middle class

From the Red Fort to the Gateway of India, these iconic monuments silently stood witness to protests, sacrifices, and pivotal moments that shaped India’s courageous journey to independence.

From the Red Fort to the Gateway of India, these iconic monuments silently stood witness to protests, sacrifices, and pivotal moments that shaped India’s courageous journey to independence.

Independence Day 2025: Monuments that echo India’s fight for freedom

On the occasion of Independence Day, the Pakistani leadership has been sloganeering and also celebrating the victory of ‘Marka-e-Haq’. The nation has seemingly centered the celebrations around the 4-day conflict with neighbouring India, in which terrorist outfits operating from their soil were destroyed. Prime Minister Shehbaz Sharif also announced the formation of Army Rocket Force Command. Responding to WION’s question on the statements made by Bhilawal Bhutto and Asim Munir, MEA spokesperson Randhir Jaiswal said, “We have seen irresponsible statements from Pakistani leadership to hide their failure – it's their attitude. We urge Pakistan to control itself. Any misadventure will cost them.”&nbsp;<a href="https://www.wionews.com/videos/breaking-pak-pm-announces-creation-of-army-rocket-force-1755161950937/embed">https://www.wionews.com/videos/breaking-pak-pm-announces-creation-of-army-rocket-force-1755161950937/embed</a>&nbsp;“We have seen several statements and reports regarding a continued pattern of reckless hate and warmongering patterns from Pakistan. There will be a response and retaliation if Pakistan plans or dares to be involved in any misadventure against India,” Jaiswal added.&nbsp;Also read: <a href="https://www.wionews.com/world/us-favouring-pakistan-and-distancing-from-india-here-s-what-trump-admin-said-amid-munir-s-nuke-threat-and-tariff-war-1755059139784">US favouring Pakistan and distancing from India? Here's what Trump admin said amid Munir's nuke threat and tariff war</a>&nbsp;On August 13, Sharif delivered a speech at Islamabad's Jinnah Sports Stadium, where he celebrated not only the victory of the nation’s creation but also the cross-border conflict with neighbouring India. He called it ‘Marka e Haq’, lauded the nation for what they call a historic win and also noted that they were wrongfully implicated by New Delhi for their involvement in the Pahalgam terror attack in Kashmir, which claimed 26 innocent lives.&nbsp;Also read: <a href="https://www.wionews.com/world/-deeply-appreciate-engagement-on-counterterrorism-us-wishes-pakistan-on-its-independence-day-1755141525714">'Deeply appreciate engagement on counterterrorism': US wishes Pakistan on its Independence Day</a>&nbsp;Wishing the nation, Sharif said, “Pakistan’s historic victory in Marka-e-Haq during the four-day war imposed by India has not only reinforced the sanctity of our freedom, but has also instilled a renewed sense of ambition and national spirit in the hearts of our people, magnifying the pride and fervour of this Independence Day.”&nbsp;

Pakistani leadership has been involved in chest-thumping as they celebrate Independence Day. But the theme of this victory seems to be the 4-day conflict with India. MEA has responds…

On the occasion of Independence Day, the Pakistani leadership has been sloganeering and also celebrating the victory of ‘Marka-e-Haq’. The nation has seemingly centered the celebrations around the 4-day conflict with neighbouring India, in which terrorist outfits operating from their soil were destroyed. Prime Minister Shehbaz Sharif also announced the formation of Army Rocket Force Command. Responding to WION’s question on the statements made by Bhilawal Bhutto and Asim Munir, MEA spokesperson Randhir Jaiswal said, “We have seen irresponsible statements from Pakistani leadership to hide their failure – it's their attitude. We urge Pakistan to control itself. Any misadventure will cost them.” https://www.wionews.com/videos/breaking-pak-pm-announces-creation-of-army-rocket-force-1755161950937/embed “We have seen several statements and reports regarding a continued pattern of reckless hate and warmongering patterns from Pakistan. There will be a response and retaliation if Pakistan plans or dares to be involved in any misadventure against India,” Jaiswal added. Also read: US favouring Pakistan and distancing from India? Here's what Trump admin said amid Munir's nuke threat and tariff war On August 13, Sharif delivered a speech at Islamabad's Jinnah Sports Stadium, where he celebrated not only the victory of the nation’s creation but also the cross-border conflict with neighbouring India. He called it ‘Marka e Haq’, lauded the nation for what they call a historic win and also noted that they were wrongfully implicated by New Delhi for their involvement in the Pahalgam terror attack in Kashmir, which claimed 26 innocent lives. Also read: 'Deeply appreciate engagement on counterterrorism': US wishes Pakistan on its Independence Day Wishing the nation, Sharif said, “Pakistan’s historic victory in Marka-e-Haq during the four-day war imposed by India has not only reinforced the sanctity of our freedom, but has also instilled a renewed sense of ambition and national spirit in the hearts of our people, magnifying the pride and fervour of this Independence Day.”

Pakistani leadership has been involved in chest-thumping as they celebrate Independence Day. But the theme of this victory seems to be the 4-day conflict with India. MEA has responds…

'Control, any misadventure will cost you': India warns Pakistan against warmongering

The tricolour was formally adopted on 22 July 1947 by the Constituent Assembly, just three weeks before India gained independence from British rule. 

The tricolour was formally adopted on 22 July 1947 by the Constituent Assembly, just three weeks before India gained independence from British rule.&nbsp;

Independence Day 2025: How India got its national flag, and why it was finalised at the last minute?

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PM Modi announces major GST reforms. What does it mean for middle class

Independence Day 2025: Monuments that echo India’s fight for freedom

'Control, any misadventure will cost you': India warns Pakistan

How India got its national flag, and why it was finalised at the last minute?