Karnataka’s economy-rooted in coffee estates, coastal fisheries and artisanal craft clusters, yet propelled by Bengaluru’s tech ecosystem- stands to gain materially from the recent GST rationalisation. Targeted rate cuts across agriculture, fisheries, textiles, handicrafts, industrial inputs and high-tech goods are expected to lower prices, improve margins and spur jobs across…
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New GST Rates to Boost Farmer Income and Reduce Costs
Union Agriculture and Rural Development Minister Shri Shivraj Singh Chouhan announced significant GST reforms that are expected to benefit farmers nationwide. The new rates on agricultural equipment, fertilizers, and dairy products will reduce production costs and increase farmer profits, particularly for small and medium landholders. Speaking at a press conference…