Business
Nandini Products To Get Cheaper: Karnataka Milk Federation Slashes Prices From Tomorrow

New Delhi: Starting Monday, September 22, the latest GST reforms announced after the 56th GST Council meeting will come into effect. Ahead of this rollout, ‘Nandini’—the popular milk and dairy brand from the Karnataka Milk Federation (KMF) has updated prices on 21 of its products.
From ghee and cheese to ice creams, chocolates, cookies, and cakes, consumers can expect a 7 per cent to 10 per cent cut in packaged dairy product prices across packs ranging from 80 grams to 1 kilogram. (Also Read: What You Need To Know About GST 2.0 As Tax Cuts Kick In On Monday)
Simpler Tax Structure With Just Two Main Slabs
The GST reforms aim to boost consumption, make industries more competitive, and reduce costs for middle-class families. As part of the changes, the number of GST slabs has been cut from four to just two—5 per cent and 18 per cent—making the tax system easier to follow for everyone. However, sin goods such as high-end SUVs and tobacco products will continue to attract a much higher 40 per cent GST. (Also Read: Big News For Households: GST Bachat Utsav Begins Tomorrow, Says PM Modi)
List of 21 Products with Revised Nandini Prices
Ghee (Pouch), 1000 ml – Old MRP: Rs 650 | New MRP: Rs 610
Butter – Unsalted, 500 gm – Old MRP: Rs 305 | New MRP: Rs 286
Paneer, 1000 gm – Old MRP: Rs 425 | New MRP: Rs 408
Goodlife Milk, 1000 ml – Old MRP: Rs 70 | New MRP: Rs 68
Cheese – Mozzarella Diced, 1 kg – Old MRP: Rs 480 | New MRP: Rs 450
Cheese – Processed, 1 kg – Old MRP: Rs 530 | New MRP: Rs 497
Ice Creams – Vanilla Tub, 1000 ml – Old MRP: Rs 200 | New MRP: Rs 178
Ice Cream – Family Pack Vanilla, 5000 ml – Old MRP: Rs 645 | New MRP: Rs 575
Ice Cream – Chocolate Sundae, 500 ml – Old MRP: Rs 115 | New MRP: Rs 102
Ice Creams – Mango Naturals, 100 ml – Old MRP: ₹35 | New MRP: ₹31
Savouries, 180 gm – Old MRP: Rs 60 | New MRP: Rs 56
Muffins, 150 gm – Old MRP: Rs 50 | New MRP: Rs 45
Cakes, 200 gm – Old MRP: Rs 110 | New MRP: Rs 98
Aqua (Water), 1000 ml – Old MRP: Rs 20 | New MRP: Rs 18
Payasa Mix, 200 gm – Old MRP: Rs 90 | New MRP: Rs 80
Jamoon Mix, 200 gm – Old MRP: Rs 80 | New MRP: Rs 71
Badam Powder, 200 gm – Old MRP: Rs 120 | New MRP: Rs 107
Coconut Cookies, 100 gm – Old MRP: Rs 35 | New MRP: Rs 31
Splass Whey Drinks, 200 ml – Old MRP: Rs 10 | New MRP: Rs 9.5
Bounce, 200 ml – Old MRP: Rs 15 | New MRP: Rs 15 (no change)
Rice Crispy Milk Choco, 80 gm – Old MRP: Rs 65 | New MRP: Rs 58
Business
Heathrow cyber-attack: Airports warn of second day of disruption

Maia Davies and
Mitchell Labiak
Air travellers are facing another day of disruption at several European airports including Heathrow, after a cyber-attack knocked out a check-in and baggage system.
There were hundreds of delays on Saturday after the software used by several airlines failed, with affected airports boarding passengers using pen and paper.
Brussels Airport said it had “no indication yet” when the system would be functional again and had asked airlines to cancel half their departing flights for Monday.
RTX, which owns software provider Collins Aerospace, said it was “aware of a cyber-related disruption” to its system in “select airports” and that it hoped to resolve the issue as quickly as possible.
It identified its Muse software – which allows different airlines to use the same check-in desks and boarding gates at an airport, rather than requiring their own – as the system that had been affected.
The company has yet to disclose what went wrong or how long it expects the outage to last, but said on Sunday it will “provide details as soon as they are available”.
Brussels Airport said only manual check-in and boarding are possible “due to a cyberattack against Collins Aerospace”.
It added disruption would continue into Monday “because Collins Aerospace is not yet able to deliver a new secure version of the check-in system”.
Heathrow said on Sunday that efforts to resolve the issue were ongoing. It declined to say whether or not the issue was a cyber attack.
It apologised to those who had faced delays but stressed “the vast majority of flights have continued to operate”, urging passengers to check their flight status before travelling to the airport and arrive in good time.
The BBC understands around half airlines flying from Heathrow were back online in some form by Sunday – including British Airways which has been using a back-up system since Saturday.
There have already been more cancellations across Heathrow, Berlin and Brussels so far on Sunday than throughout Saturday, according to flight data firm Cirium, though not all of these are due to the cyber-attack.
There were hours-long queues on Saturday and some 47% of Heathrow’s departing flights were delayed, according to flight tracker FlightAware. Additional staff were at hand in check-in areas to help minimise disruption.
By Sunday afternoon, FlightAware data showed the number of delayed flights from Heathrow had fallen from levels seen on Saturday.
Virgin Atlantic, which operates from Heathrow, said it was “aware of a technical issue impacting check-in systems at a number of airports including London Heathrow which may result in some delays to departures”.
It added that “currently all Virgin Atlantic flights are scheduled to depart as planned”.

Naomi Rowan, from Sudbury in Suffolk, was supposed to be moving to Costa Rica with her dog Dusty, but both are now in a hotel after their Air France flight from Heathrow on Saturday was affected by the cyber attack.
She said staff were boarding passengers with pen and paper due to the outage but told her they were unable to board Dusty without the electronic system.
“I had a cry, booked a hotel and managed to get through to Air France on WhatsApp, who say the next available flight for me is Monday,” she said.

Europe’s combined aviation safety organisation, Eurocontrol, said airline operators had been asked to cancel half their flight schedules to and from the airport until 02:00 on Monday due to the disruption.
Meanwhile, Dublin Airport said that while the technical issues persisted and some airlines were continuing to check in manually, it was expecting to operate a full schedule on Sunday.
A spokesperson told the BBC: “Passengers are advised to contact their airline directly for updates on their flight.”
Dublin Airport previously said that Cork Airport, which is owned by the same parent company, had experienced a “minor impact” from the cyber-attack – but Cork Airport has since said it has faced no disruption with all services operating as normal.
Berlin Brandenburg Airport is asking travellers to use online or self-service check-in instead of the desks while the outage is ongoing.
It said there had been 12 cancellations in and out of the airport on Saturday, but that delays were generally less than 45 minutes.

A National Cyber Security Centre spokesperson said on Saturday that it was working with Collins Aerospace, affected UK airports, the Department for Transport and law enforcement to fully understand the impact of the incident.
The European Commission, which plays a role in managing airspace across Europe, said it was “closely monitoring the cyber-attack”, but that there was no indication it had been “widespread or severe”.
Transport Secretary Heidi Alexander also said she was aware of the incident and was “getting regular updates and monitoring the situation”.
It was only last July that a global IT crash due to a faulty software update from cybersecurity firm Crowdstrike caused disruption to aviation, grounding flights across the US.
Analysts said at the time that the incident highlighted how the industry could be vulnerable to issues with digital systems.
Additional reporting by Rozina Sini
Business
State finances: Salaries, pensions and interest expenditure rises 2.5 times in 10 years; subsidy outlay triples – The Times of India

States’ expenditure on salaries, pensions, and interest payments has surged nearly 2.5 times over the past decade, highlighting the rising share of committed spending in state budgets, according to the latest report by the Comptroller and Auditor General of India (CAG).The report, State Finances 2022-23, shows that combined committed expenditure across 28 states rose to Rs 15,63,649 crore in FY 2022-23 from Rs 6,26,849 crore in FY 2013-14, PTI reported. Salaries remained the largest component, followed by pensionary obligations and interest payments on public debt, with nine states reporting interest payments exceeding pensions, indicating higher debt servicing requirements.Revenue expenditure constituted 84.73 per cent of total state spending in FY 2022-23, or 13.85 per cent of combined GSDP, underscoring the limited fiscal space for discretionary outlays. Subsidy payments increased over threefold from Rs 96,479 crore in FY 2013-14 to Rs 3,09,625 crore in FY 2022-23, while grants-in-aid stood at Rs 11,26,486 crore, together making up more than 83 per cent of total revenue expenditure.“Over the period 2013-14 to 2022-23, revenue expenditure increased by 2.66 times, committed expenditure by 2.49 times, and subsidies by 3.21 times,” the CAG report noted.The report also reviewed fiscal targets set by states. Seventeen states aimed for revenue surplus, six targeted zero revenue deficit, and five planned for revenue deficits in 2022-23. Of those targeting surplus, five states—Assam, Bihar, Himachal Pradesh, Meghalaya, and Rajasthan—ended up in deficit, while 12 achieved their surplus goals. Among states targeting deficits, Karnataka reported a surplus, Maharashtra stayed within its target, and three states exceeded their deficit limits.Finance Commission revenue deficit grants were extended to nine states—Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Meghalaya, Punjab, Rajasthan, Tamil Nadu, and West Bengal—highlighting the ongoing support for states struggling to meet fiscal targets.The CAG report underscores the growing pressure on state budgets from committed expenditures and the urgent need for fiscal prudence, particularly in the context of rising debt servicing and subsidy obligations.
Business
Small Cars Poised To Clock Double-Digit Surge In Sales Due THIS Reason

New Delhi: The sales of entry-level cars are expected to record a robust double-digit growth year-on-year in the forthcoming festive season due to the GST rate cut that kicks in from Monday, according to a report by HSBC Research. “The passenger vehicle segment is now expected to grow by double digits (YoY) during the upcoming festive season compared to single digits before the GST cut announcement,” the report states.
The report is based on an interaction with more than 10 dealers across geographies in India and calls to a larger dealer. It points out that the market leader, Maruti Suzuki, has announced its new price list after the announcement of the GST cut. Consequently, enquiries have increased significantly, both online and walk-in, across segments by 15-20 per cent, and more for entry-level cars (K10, Celerio, S-presso and Wagon R) in Tier-1 cities.
The share of first-time buyers increased by 5-7 per cent in total bookings so far. The premium hatchback segment (Swift, Baleno, etc.) is also seeing a decent uptick, the report further states.
Maruti Suzuki has announced steep price cuts to the tune of 11-21 per cent on its entry-level portfolio, 9-11 per cent on premium hatchbacks and up to 8 per cent on Brezza (Exhibit 1), which is more than the GST cut of 3.5-8 per cent on these models. This should support a revival of the entry-level segment and keep Brezza competitive as well. Brezza’s cost differential with competing models such as Nexon, Venue, Sonet and 3XO had increased by 5-6 per cent following the GST cut, and now this should normalise post price cut, the report states.
WagonR continues to lead in the entry-level cars segment, though the yellow board (cabs) percentage has increased over time. WagonR is strong among personal-use vehicle customers in Tier 2 cities. Interestingly, it had started sliding in Tier 1 cities last year, but an increase in enquiries and bookings post GST cut announcement suggests a trend reversal towards growth now, the report points out.
The new Maruti SUV ‘Victoris’ is getting a good response from customers. However, there might be some cannibalisation of Grand Vitara (GV) as pricing is similar. We expect it to add 5,000-6,000 units per month net of cannibalisation. The Victoris also introduces an entry-level hybrid priced at INR 1.64m to the Maruti stable, which is available only in Toyota HyRyder and not in Grand Vitara, the report further states.
It also observes that the entry-level two-wheeler segment is seeing a healthy uptick from the rural market with a double-digit increase in enquiries. Credit-based approvals have also increased over the past 1-2 months, which is positive for overall two-wheeler retail sales.
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