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All state FM ministers and Nirmala Sitharaman to meet on landmark GST overhaul

NEW DELHI, Sept 3 (Reuters) – Finance Ministers from all Indian states and Union Finance Minister will meet for two days from Wednesday to weigh the biggest cuts to GST in eight years, aimed at spurring domestic demand in the face of economic headwinds from US tariffs. Coupled with cuts in personal tax unveiled in February, the cuts in the GST are expected to boost consumption in the South Asian nation, whose economy grew at an unexpectedly higher pace of 7.8% in the quarter to June. A panel on the GST, headed by Finance Minister Nirmala Sitharaman with ministers from

A look at the world leaders joining China’s military parade in a show of solidarity with Beijing

HONG KONG, September 3, 2025 (AP) — Leaders from about two dozen countries joined Chinese President Xi Jinping to mark the 80th anniversary of the end of World War II with a military parade in the Chinese capital on Wednesday, in a show of solidarity among nations friendly to Beijing. Russian President Vladimir Putin and North Korean leader Kim Jong Un, who made a rare foreign trip to attend, flanked Xi as they ascended to the viewing platform overlooking Tiananmen Square and watched the display of military hardware and marching troops. Observers say the joint appearance was a show of

Rupee recovers 15 paise to 88 per US dollar in early trade

Mumbai, Sep 3 (PTI) The rupee recovered 15 paise from its all-time low level to 88.00 against the US dollar in early trade on Wednesday as persistent foreign fund outflows and dollar strength weighed on investor sentiments. Forex traders said the rupee is trading near an all-time low level, driven by risk-averse sentiments amid India-US trade deal uncertainty. Moreover, a muted trend in domestic equities further dented investors’ sentiments. At the interbank foreign exchange market, the rupee opened at 88.15 against the US dollar, then touched 88.00, registering a gain of 15 paise from its previous close. On Tuesday, the

Stock markets decline in early trade amid weak global trends, relentless foreign fund outflows

Mumbai, Sep 3 (PTI) Benchmark equity indices Sensex and Nifty declined in early trade on Wednesday, tracking weak global market trends and relentless foreign fund outflows. Caution also prevailed in the equity market ahead of the GST Council meeting beginning Wednesday. The 30-share BSE Sensex declined 153.28 points to 80,004.60 in early trade. The 50-share NSE Nifty dipped 46.4 points to 24,533.20. From the Sensex firms, Infosys, Bajaj Finance, Hindustan Unilever, Bharti Airtel, ICICI Bank and Trent were among the laggards. However, Tata Steel, Bharat Electronics, Eternal, ITC and Mahindra & Mahindra were among the gainers. In Asian markets, South

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