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flag India lowers GST rates on construction and household items to boost economy and affordability.

flag The Indian government has announced new GST rates that will benefit the housing and mining sectors, reducing costs for construction materials and household goods. flag Items like marble, granite, and brass stoves will now have a 5% GST rate instead of 12%. flag This will lower construction costs for low-cost housing, especially in rural areas, and make essential items more affordable for low-income families. flag The changes, taking effect on September 22, also aim to boost domestic consumption and counteract US tariffs, though they will result in a net revenue loss of Rs. flag 48,000 crore.

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