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Modi to Address Nation at 5 PM Ahead of GST 2.0 Rollout

The address precedes a simplified two-slab GST rollout that the government says will lower prices and support demand.

Overview

  • Officials confirmed the Sunday 5 pm speech, with its subject undisclosed and the timing coinciding with the eve of Navratri.
  • GST 2.0 takes effect Monday, replacing four slabs with 5% and 18% rates and a 40% demerit rate approved by the GST Council.
  • Government guidance says hundreds of goods will get cheaper from September 22, with most 12% items moving to 5% and most 28% items to 18%.
  • Finance Minister Nirmala Sitharaman has projected the overhaul will add Rs 2 lakh crore to the economy.
  • Reports indicate Modi may highlight self-reliance and could refer to the US H-1B fee hike to $100,000 for new visas in the next lottery cycle.