India, Sept. 5 -- This is the message that the ruling regime has sent to the citizens. Prime Minister Narendra Modi promised a double-Diwali bonanza. The new rates, applicable from September 22, the first day of the auspicious Navratri, will thrill the people during the forthcoming festive season. Several sectors will benefit from the two-slab structure, with hundreds of items dipping into lower-rate brackets. "The five per cent 'merit' rate now covers a wide range of essentials. Everyday items like hair oil, shampoos, soaps, toothpaste, bicycles and kitchenware will see their tax burden fall sharply, translating into lower prices," says Narendra Singh, founder, Growth Investing. It is surprising that despite coal being shifted to a highe...