On this edition of Market Closing, the focus is on the government’s landmark GST overhaul. The reforms include a complete GST exemption on life and health insurance premiums effective September 22nd, and significant rate reductions for sectors like auto, consumer durables, and cement. Consequently, popular cars, two-wheelers, and white goods are set to become more affordable. A new 40% levy has been imposed on casinos and online gaming, causing related stocks to fall. The markets reacted positively before cooling off from the day’s highs. Commerce Minister Piyush Goyal hailed the move as the "biggest ever reform that India has seen since independence." The programme analyses the sector-wise impact and what the changes mean for consumers and investors, featuring insights from industry leaders and market experts.
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