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Parliament approves Finance Bill 2025, completes Budget FY26 exercise

Parliament approves Finance Bill 2025, completes Budget FY26 exercise

by AIP Online Bureau | Mar 28, 2025 | Eco/Invest/Demography, Policy

“But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax,” Finance Minister Nirmala Sitharaman said New Delhi: The Rajya Sabha on...
New Income Tax Bill to be introduced in monsoon session: FM Sitharaman

New Income Tax Bill to be introduced in monsoon session: FM Sitharaman

by AIP Online Bureau | Mar 25, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

The simplification exercise was guided by three core principles which include textual and structural simplification for improved clarity and coherence, ensuring continuity and certainty with no major tax policy changes and no modifications of tax rates to preserve...
GST rates will come down further: Sitharaman

GST rates will come down further: Sitharaman

by AIP Online Bureau | Mar 8, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation

Nirmala Sitharaman, Union Finance Minister Responding to a question ’ on whether it is time to rationalise GST rates and slabs, Sitharaman said ”that work has almost reached a finale”. Mumbai: In an Indication that the GST rates on Health Insurance and Term Life...
Premiums to fall as Govt finalises GST cut from 18% to 12 % on Term Life and Health cover with input tax credit(ITC)

Premiums to fall as Govt finalises GST cut from 18% to 12 % on Term Life and Health cover with input tax credit(ITC)

by AIP Online Bureau | Feb 25, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life

On Tuesday, senior officials Ministry of Finance, Insurance Regulatory Development and Authority(IRDA) and insurers had met in Delhi to finalise the GST cut proposals before they are sent to GST Council, headed by Finance Minister Nirmala Sithraman that will take a...
India leading in AI adoption, governance: FM Sitharaman

India leading in AI adoption, governance: FM Sitharaman

by AIP Online Bureau | Feb 22, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

Nirmala Sitharaman, Union Finance Minister The country recorded 3 billion AI-related app downloads in 2024, while the US and China had only 1.5 billion and 1.3 billion downloads, respectively Kottayam (Kerala): Union Finance Minister Nirmala Sitharaman on Saturday...
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