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What gets cheaper, what is costlier after GST Council meet? Details here
1 day, 21 hours ago

What gets cheaper, what is costlier after GST Council meet? Details here

Hindustan Times  

The 55th GST Council meeting, chaired by Union finance minister Nirmala Sitharaman in Jaisalmer, Rajasthan, on Saturday, brought changes affecting the prices of various goods and services. 2) Rice kernels, AAC blocks, raisins, pepper The GST Council has cut GST rates on the fortified rice kernels used for public distribution to 5% from 18% earlier. 4) Quick commerce, ecommerce, food …

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Soaring inflation pushes up health insurance premiums; makes standardised care costlier
2 days, 10 hours ago

Soaring inflation pushes up health insurance premiums; makes standardised care costlier

The Hindu  

Since the COVID-19 pandemic, India is witnessing a surge in healthcare cost inflation, making assured and standardised healthcare unviable for several sections of the society and pushing up health insurance premiums. Speaking to The Hindu, Sumit Bohra, president of the Insurance Brokers Association of India notes that currently in India, rising healthcare costs and growing health insurance premiums are feeding …

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GST Council’s December Meet: Waiver of levy on health, life insurance premiums on agenda
1 month ago

GST Council’s December Meet: Waiver of levy on health, life insurance premiums on agenda

Live Mint  

The GST Council will convene its 55th meeting on December 21 in Jaisalmer, Rajasthan, to address crucial policy changes, including possible tax relief on health and life insurance premiums. The council, chaired by Union Finance Minister Nirmala Sitharaman and including state finance ministers, is expected to also deliberate on rate reductions for essential goods, as per a report by PTI. …

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GST Council meet: TMC's O'Brien urges Sitharaman to withdraw 18% GST on insurance premiums
3 months, 4 weeks ago

GST Council meet: TMC's O'Brien urges Sitharaman to withdraw 18% GST on insurance premiums

The Hindu  

TMC leader Derek O'Brien has urged Finance Minister Nirmala Sitharaman to "urgently review" and withdraw the 18% GST on health and life insurance premiums during the upcoming GST Council meeting. Mr. O'Brien, in a letter dated August 24, demanded that the GST on health and life insurance premiums be withdrawn at the 54th meeting of the GST Council. "The 18% …

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No tax reduction on life, health insurance premiums likely from GST council meet
2 years, 5 months ago

No tax reduction on life, health insurance premiums likely from GST council meet

India Today  

Despite the low penetration of life and health insurance in the country and the heightened medical concerns driven by the pandemic, the GST council is not likely to provide tax relief to those seeking life or medical insurance cover. India Today found out that the fitment committee, a panel of central and state government officials working for the GST Council, …

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Relief set for businesses in difficulties
2 years, 8 months ago

Relief set for businesses in difficulties

China Daily  

Workers make baseballs at a factory in Yunnan province. Social insurance premiums to be deferred to support stable payrolls, provide training China will adopt the policy of postponing payments of old-age insurance premiums for a limited time for industries experiencing special difficulty, and it will channel more unemployment insurance funds to support enterprises in maintaining stable payrolls and providing training, …

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