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    <title>GST rate rationalisation to boost ITC food division</title>
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    <description>GST rate rationalisation adopting a two rate structure is expected to lower prices for many food items, prompting ITC to announce price reductions in its food and FMCG portfolio and to pass on the benefit of reduced tax incidence to consumers. The company anticipates mixed old and new MRPs in the market during the statutory transition and has planned price changes to align with the revised rates.</description>
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