GST rates to ‘substantially’ reduce by Diwali, says Modi

Prime Minister Narendra Modi, in his Independence Day address, announced a major overhaul of the GST system, promising to introduce a next-generation tax regime with significantly lower rates this Diwali, which he described as a major festive gift from the Centre.

Siddaramaiah urges Centre to give States equal funds

In his Independence Day address, Karnataka Chief Minister Siddaramaiah brought back the issue of delayed fund allocation to states and urged the union government to release fair grants to states for development.