https://www.taxtmi.com/news?id=54130 Government is preparing sectoral exposure assessments and targeted measures to mitigate the impact of a steep foreign tariff rise, relying primarily on domestic demand stimulus and tax related reliefs. Policy tools cited include a higher zero tax threshold under the new tax regime, GST rate rationalisation, and leveraging improved agricultural output to boost rural consumption. Authorities view short term fiscal timing mismatches as temporary while reaffirming commitment to the Budget fiscal deficit target and highlighting public capex and strong gross capital formation as stabilising supports. en-us Sun, 31 Aug 2025 11:01:04 +0530 Sun, 31 Aug 2025 11:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54130 Government is preparing sectoral exposure assessments and targeted measures to mitigate the impact of a steep foreign tariff rise, relying primarily on domestic demand stimulus and tax related reliefs. Policy tools cited include a higher zero tax threshold under the new tax regime, GST rate rationalisation, and leveraging improved agricultural output to boost rural consumption. Authorities view short term fiscal timing mismatches as temporary while reaffirming commitment to the Budget fiscal deficit target and highlighting public capex and strong gross capital formation as stabilising supports. News - Sun, 31 Aug 2025 11:01:04 +0530 https://www.taxtmi.com/news?id=54130