3 Things The Catch Up: 4 September
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Sep 4, 2025 Catch up on the latest with key global headlines. Economic decisions from the GST Council could have lasting impacts. A high-profile money laundering case involving a former cricketer sends shockwaves through sports. International updates include the latest developments in the Ukraine conflict and a significant ruling on Harvard's research grants. Also, hear about a tragic railway accident in Lisbon that has drawn attention.
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GST Rate Hike Affects Multiple Industries
- The GST Council raised coal GST from 5% to 18% and ended the compensation cess to restructure taxation.
- This aims to simplify taxes and lower input costs across cement, metals, textiles and fertilizers.
Rate Rationalisation Targets Industrial Inputs
- Rate rationalisation covers key industrial inputs like cement, man-made fibers and chemicals.
- The move is expected to improve cost efficiency across construction, textiles and fertiliser sectors.
Celebrity Endorsements Scrutinised In App Probe
- The ED probe links celebrity endorsements to alleged app-driven money laundering around 1xBet.
- Investigators will examine endorsements to assess connections to the platform.