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No plan to levy GST on UPI transactions exceeding Rs 2,000: Centre

No plan to levy GST on UPI transactions exceeding Rs 2,000: Centre

by AIP Online Bureau | Jul 27, 2025 | Eco/Invest/Demography, Indian News, Policy

Pankaj Chaudhary, Minister of State of Finance Pankaj Chaudhary, Minister of State of Finance, said in the Rajya Sabha that “there is no recommendation of levying GST on UPI transactions of over Rs 2.000 from the GST Council”. New Delhi: The government has...

Govt clears appointments of 5 EDs in PSU general insurance cos

by AIP Online Bureau | Jul 22, 2025 | Briefs, Non-Life

The government on Tuesday has cleared the appointments of five executive directors(EDs) in different PSU general re/insurance companies. Anjana Saxena and Amandeep Singh Grover have been posted as EDs in Oriental Insurance Company, Jayashri Balkrishna in GIC-Re,...
Govt to sell minority stake in LIC

Govt to sell minority stake in LIC

by AIP Online Bureau | Jul 10, 2025 | Eco/Invest/Demography, Indian News, Life

The quantum of stake sale, price and timing would be decided in due course, the source added. The government needs to offload another 6.5 per cent stake in the public sector life insurer to meet the mandated 10 per cent public shareholding requirement by May 16, 2027....

Carrier becomes latest global firm to sue govt over electronic waste rules

by AIP Online Bureau | Jul 7, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

All of the companies0South Korea’s Samsung Electronics and LG Electronics as well as Japan’s Daikin and Tata’s Voltas- are seeking to have the rules quashed. India is the third-biggest generator of electronic waste behind China and the U.S., but the...
Govt employees under Unified Pension Scheme to get tax benefit akin to NPS: Finmin

Govt employees under Unified Pension Scheme to get tax benefit akin to NPS: Finmin

by AIP Online Bureau | Jul 4, 2025 | Indian News, Pension & Social Security, Policy

The inclusion of UPS under the tax framework marks another step forward in the government’s effort to strengthen retirement security for central government employees through transparent, flexible and tax-efficient options, the finance ministry said in a...
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