<h1>Central government cuts or zero-rates 395+ items under Next-Gen GST reforms; assures compensation for state revenue shortfalls</h1> The central government implemented a new GST rate structure, effective Monday, reducing or zero-rating over 395 items as part of 'Next-Gen GST Reforms.' The move is presented as a nationwide change to provide consumer relief based on the claimed stabilization of the GST regime. The executive asserts a constitutional guarantee to states for compensating revenue losses arising from the rate changes, indicating continued central responsibility for shortfalls under the GST framework. The report also includes political commentary on national security and leadership but contains no new legal measures beyond the tax-rate revision and compensation assurance.