On this edition of the Business Today show, the focus is on the 56th GST Council meeting underway in New Delhi, chaired by Union Finance Minister Nirmala Sitharaman. There is widespread speculation about a festive season bonanza for consumers, with potential rate cuts on cars, two-wheelers, air conditioners, and daily essentials. One report suggests, “even a lot of FMCG items under 18% could also come down to 5%.” This comes as Indian markets rebounded, with the Nifty closing above the 24,700 mark and the Sensex rising, driven by metal and pharma stocks. The programme also covers India’s services sector hitting a 15-year peak in August, Zomato hiking its platform fee ahead of the festive season, and Maruti Suzuki’s launch of its new SUV, Victoris. An expert also discusses investment strategies in the current climate.
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