<h1>GST Rates to Decrease as Tax Rationalization Nears Completion; Public Sector Banks to Boost Retail Investment</h1> Finance Minister announced that GST rates are set to decrease further as efforts to rationalize tax rates and slabs near completion. The revenue neutral rate has reduced from 15.8% at GST's inception in 2017 to 11.4% in 2023, with expectations of further decline. A group of ministers, including finance ministers from six states, has been working on this rationalization. The minister plans to review their work before presenting it to the GST Council. Additionally, the government aims to increase public sector banks' public float by encouraging more retail investors.