Tax reduced on cancer medicine and snacks: 10% tax increased on car seats, iPhone-16 smartphone series launched at a starting price of ₹ 79,900

Yesterday’s big news was related to the 54th meeting of the GST Council. Some important decisions related to health, education and fooding sector were taken in it. After the meeting, Finance Minister Nirmala Sitharaman said that GST on cancer medicines has been reduced from 12% to 5%. On the other hand, namkeen will now attract 12% GST instead of 18%.

At the same time, Apple launched the iPhone 16 smartphone series with AI features in its annual event ‘It’s Glotime’. Its starting price is Rs 79,900. First of all, Apple Watch Series 10 was introduced, which has a 30% larger screen area. This is Apple’s thinnest watch till date (9.7mm). The starting price is Rs 46,900.

Before tomorrow’s big news, today’s major events, which will be in focus…

Now read yesterday’s big news…

1. GST-Council meeting, tax on cancer medicine and namkeen reduced: Tax on car seats increased by 10%, decision on health insurance premium in November

The 54th meeting of the GST Council was held on Monday (9 September). Some important decisions related to health, education and fooding sector were taken in it. In a press conference after the meeting, Finance Minister Nirmala Sitharaman said that GST on cancer medicines has been reduced from 12% to 5%. On the other hand, namkeen will now attract 12% GST instead of 18%.

The Finance Minister said, ‘A decision on reduction of GST on health insurance premium will now be taken in November. Apart from this, now universities and research centers recognized by the Center and the State will not have to pay GST on receiving grants.

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2. Apple iPhone-16 launched for Rs 79,900, AI features will be available: Watch Series 10 and AirPods also introduced, watch will have 30% bigger screen

Apple on Monday (September 9) launched the iPhone 16 series with AI features at its annual event ‘It’s Glotime’. Its starting price is Rs 79,900.

First, Apple Watch Series 10 was introduced, which has a 30% larger screen area. This is Apple’s thinnest watch ever (9.7mm). The starting price is Rs 46,900.

New colors of Watch Ultra 2 were also launched. It is designed for athletes. This watch will run for 72 hours in low power mode. The most accurate GPS will be available in it.

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3. Musk will become the world’s first trillionaire by 2027: Adani will be second by 2028, Ambani-Bezos will be far behind; Informa Connect Academy estimates

Tesla CEO Elon Musk can become the world’s first trillion dollar trillionaire by 2027. At the same time, Adani Group Chairman Gautam Adani will achieve this position a year later i.e. by 2028. Informa Connect Academy has made this estimate in its ‘2024: Trillion Dollar Club’ report.

According to the report, Meta CEO Mark Zuckerberg, Reliance Group CEO Mukesh Ambani and Amazon CEO Jeff Bezos will be left far behind. Currently, the net worth of no person in the world has reached trillion dollars (billionaire). However, companies like Microsoft, Apple, Nvidia, Alphabet, Amazon and Meta are included in the ‘trillion dollar club’.

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4. Sensex closed at 81,559, up 375 points: Nifty also gained 84 points, FMCG and banking stocks gained more

The stock market saw a rise on Monday (September 9). The Sensex closed at 81,559 with a gain of 375 points. Out of its 30 stocks, 16 rose and 14 fell.

Nifty also rose by 84 points. It closed at the level of 24,936. 26 stocks of Nifty 50 saw a decline and 24 saw a rise. Today, FMCG and banking stocks saw a big rise.

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5. Silver fell by ₹ 2,456 to ₹ 80,882 per kg: Gold also fell by ₹ 739, it is selling at ₹ 71,192 per 10 grams

There has been a decline in the prices of gold and silver on Monday (September 9). According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by Rs 739 to Rs 71,192 on Monday. Earlier its price was Rs 71,931 per ten grams.

At the same time, silver has fallen by Rs 2,456 to Rs 80,882 per kg. Earlier, silver was at Rs 83,338 per kg. This year, gold has reached an all-time high of Rs 74,222 per 10 grams in May. At the same time, silver reached its all-time high of Rs 94,280 per kg on 29 May.

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6. Hyundai Alcazar launched with Level-2 ADAS feature: Updated SUV gets over 70 safety features; Prices start at ₹14.99 lakh, competes with Tata Safari

Hyundai Motor India has launched the facelift version of the mid-size SUV Alcazar. The Korean automaker has provided more than 70 safety features in the mid-size SUV, including 6 airbags as standard and Level-2 ADAS.

The car is offered in four variants- Executive, Prestige, Platinum and Signature. The starting price of the petrol version is Rs 14.99 lakhs, ex-showroom, and the starting price of the diesel version is Rs 15.99 lakhs, ex-showroom.

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