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GST Council likely to exempt IGST on cancer drug import, Multi Utility Vehicles to be taxed at a higher rate

by AIP Online Bureau | Jul 7, 2023 | Eco/Invest/Demography, Indian News, Policy

With regard to rates, the fitment committee has recommended to the Council to define Multi Utility Vehicles (MUV) or multipurpose vehicles or crossover utility vehicles (XUVs) at par with the Sports Utility Vehicles (SUVs) for levy of a 22 per cent compensation cess...

Rare brain infection caused by free-living amoebae reported in Kerala, says govt release

by AIP Online Bureau | Jul 7, 2023 | Health, Indian News

Doctors said the human brain gets infected when the free-living, non-parasitic amoebae bacteria enter the body through the nose Alappuzha: A case of a rare brain infection caused by a free-living amoebae living in contaminated waters was reported in the coastal...

ChatGPT-maker OpenAI says it is doubling down on preventing AI from ‘going rogue’

by AIP Online Bureau | Jul 7, 2023 | Facts, Technology

“The vast power of superintelligence could … lead to the disempowerment of humanity or even human extinction,” OpenAI co-founder Ilya Sutskever and head of alignment Jan Leike wrote in a blog post “Currently, we don’t have a solution for...

UN climate alliance scraps emissions rules for insurers after exodus

by AIP Online Bureau | Jul 6, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Under the NZIA’s “Target-Setting Protocol” published in January, insurance members had until the end of July to publish emissions targets for 2030 using recommended types of targets and were then required to update on their progress annually The Net-Zero...

General insurance industry’s premium grows 15% to Rs 20,457 cr in June

by AIP Online Bureau | Jul 6, 2023 | Indian News, Non-Life

Twenty multiline private sector general insurers, led by ICICI Lombard General Insurance, have seen their premium soaring by 17 per cent y-o-y to Rs 10,776 crore in June while during Q1FY2023-24, it has surged by 21 per cent y-o-y to Rs 34,212 crore Four public sector...
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