News digest: GST Council meet, IIP growth slows to 3.8%, and more

The country's Index of Industrial Production rose 3.8 per cent in September

Big GST reset: Only 50 items stay in 28% slab, eating out to get cheaper

Consumers will be paying less for a wide range of items from shampoo to furniture from November 15 as the GST (goods and services tax) Council on Friday decided to cut the indirect tax from 28 per cent to 18 per cent on these and further down to 12 per cent on another two (wet grinders, and tanks and armoured vehicles), leaving only 50 items in the peak rate category. Read more

Axis Bank to raise Rs 11,600 cr from Bain