"President Trump's energy agenda has resulted in oil and gas...
Category:
Policy
Latest
EU countries give final approval to 2040 climate target for 90% emissions cut
In practice, the target will require an 85% emissions reduction...
More tankers come under attack as US-Iran conflict spreads in the region
Around 200 ships, including oil and liquefied natural gas tankers...
GST Revamp: Inverted duty structure is a key concern for insurers
Rakesh Jain, CEO, Reliance General Insurance A key concern is the inverted duty structure, which leads to accumulation of unutilised input tax credits, as insurers are unable to offset taxes paid on many input services that attract higher GST rates. This mismatch...
Govt has rescue-centric approach to handle disasters: Amit Shah
Amit Shah, Union Home Minister ``As a result of the efforts of the government in the field of disaster management, there has been a 98 per cent reduction in the damage caused by cyclones and a significant reduction in heat wave casualties. The Government is...
Cabinet approves bill to regulate online gaming platforms, real money games may face ban
Sources said that the decision has come following observations from the government that online money gaming provides means to facilitate money laundering, fraudulent financial transactions, and cyber crime, among others The Cabinet has approved the bill to regulate...
Centre pushes financial inclusion with insurance, health schemes for all
Pankaj Chaudhary,Minister of State for Finance According to the minister, to streamline access, the government has also launched a Jansuraksha portal with detailed information on the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima...
GST rejig: Sitharaman to address Aug 20 GoM meet to put forth Centre’s rate cut proposal
Nirmala Sitharaman , Union Finance Minister The GoM on Life and Health Insurance is likely to be headed by Bihar Deputy Chief Minister, Samrat Choudhary and will explore full GST exemption on health and life insurance premiums for policies up to Rs 5 lakh,...
As many as 409 companies operating from IFSC GIFT City
Nirmala Sitharaman, Union Finance Minister Over the last 5 years, the government has provided several progressive policy measures for development of GIFT IFSC, such as - setting up of International Financial Services Centres Authority (IFSCA) as a unified statutory...
Bill to decriminalise certain minor offences to be introduced in Lok Sabha on Monday
Over 350 provisions are proposed to be amended through this bill for decriminalising and rationalising offences to further enhance trust-based governance for ease of living and doing business New Delhi: The Jan Vishwas (Amendment) Bill 2025 to decriminalise certain...
Proposed GST rate tweaks on automobiles to end classification disputes
Presently, the total tax incidence on cars, depending on engine capacity and length, ranges from 29 per cent for small petrol cars to 50 per cent for SUVs. Sources said, as per the Centre’s proposal for moving the GST system to a two-tier rate structure of 5 and 18...
‘Next Gen GST’ precursor to eventual single tax slab GST: Sources
“What we have suggested is a ‘Next Gen GST’ keeping the needs of the middle class, poor, farmers, and MSMEs in mind. Also, it has been ensured that tax on daily use items are low,” the official told PTI New Delhi: Describing the proposed GST tax reforms as ‘Next Gen...
GST revamp to see rates of 5%, 18%; 40% tax on 7 items
While essential food items, medicines and education will continue to be taxed at zero rate in the proposed revamped GST regime, 99 per cent of items in the current 12 per cent slab will move to the 5 per cent bracket. Services will continue to be charged at 18 per...