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Economy / The Shillong Times

AI may boost Indias economy by $1.7 trillion by 2035: Govt

New Delhi, Oct 12: India is stepping into a new era powered by Artificial Intelligence (AI), with the government estimating that AI could add up to $1.7 trillion to the countrys economy by 2035, the government said on Sunday. The technology is transforming lives across sectors from healthcare and education to agriculture and governance []

13 Oct 2025 4:24 am
GST 2.0 set to boost growth across Goas economy sectors

NEW DELHI, Oct 12: Goas economy is set to grow with recent GST reforms cutting tax rates across multiple sectors, lowering costs, and boosting demand. Tourism, a key driver employing around 2.5 lakh people and contributing 16.43% to Goas GSDP, benefits from reduced GST on essentials like toiletries, tableware, and fruit juices sold at beach []

13 Oct 2025 4:16 am
Govt asks e-commerce firms why prices went up despite GST cuts

NEW DELHI, Sep 30: The government has asked some major e-commerce companies to explain why prices of certain products were raised even after the recent cuts in the goods and services tax (GST). The new GST regime, which came into effect on September 22, simplified the previous multi-tier structure into two main slabs of 5 []

1 Oct 2025 4:36 am
After GST rate cut, govt waives mandatory re-labelling of medicines

New Delhi, Sep 16: In a major relief for the pharma sector, the government has dismissed the mandatory rule for drug manufacturers to recall, or re-label medicines already released in the market before September 22, the Department of Pharmaceuticals said. This follows the latest revision in Goods and Services Tax (GST) rates early this month []

16 Sep 2025 4:27 pm