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The government aims to boost some demand in the festive season.
The GST Council meeting mainly focuses on checking tax evasion and maximizing the revenue collection.
The Finance Minister says that the new tax rate would be applicable from the current financial year beginning from April 1.
The ban on e-cigarettes would have an impact of ₹2,028 crore on budget.
The merger of Union Bank of India, with Andhra Bank and Corporation Bank will make the fifth largest public sector bank.