GST rate cuts impact: FM Sitharaman says reforms to inject Rs 2 lakh crore into economy; ‘people will have cash in hand’

Finance Minister Nirmala Sitharaman announced that GST rate cuts, effective September 22, are expected to inject Rs 2 lakh crore into the economy. Post-reform, most items have shifted to lower tax brackets. Companies are reportedly reducing rates, passing benefits to consumers. https://ift.tt/5n8v3po