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GST Council meet on rate reform begins; TDP supports, opposition bloc seeks revenue protection

GST Council meet on rate reform begins; TDP supports, opposition bloc seeks revenue protection

by AIP Online Bureau | Sep 3, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Policy, Workplace/Employee Benefits

The government had proposed completely exempting life and health insurance premium from Goods and Services Tax (GST), Bihar Deputy Chief Minister and convenor of insurance GoM Samrat Choudhary had said earlier. Health and term insurance premiums may become cheaper if...
Next gen GST reforms will set economy open and transparent: Sitharaman

Next gen GST reforms will set economy open and transparent: Sitharaman

by AIP Online Bureau | Sep 2, 2025 | Eco/Invest/Demography, Indian News, Policy

Union Finance Minister Nirmala Sitharaman said Prime Minister Narendra Modi recently announced the creation of a Task Force for next generation reforms with a clearer mandate to simplify regulations, lower compliance costs and also build a more enabling ecosystems for...
LIC pays Rs 7,324 cr to Finance Minister as dividend for FY25

LIC pays Rs 7,324 cr to Finance Minister as dividend for FY25

by AIP Online Bureau | Aug 29, 2025 | Eco/Invest/Demography, Indian News, Life

LIC had an asset base of Rs 56.23 lakh crore as of June , 2025 Mumbai: State owned Life Insurance Corporation of India (LIC) on Friday said it has paid a dividend cheque of Rs 7,324.34 crore to Finance Minister Nirmala Sitharaman for the 2024-25 financial year. The...
Next gen GST reforms will set economy open and transparent: Sitharaman

FM holds inter-ministerial meet on exporters amid US tariffs

by AIP Online Bureau | Aug 28, 2025 | Eco/Invest/Demography, Indian News, Policy

Nirmala Sitharaman, Finance Minister According to exporters, labour-intensive sectors including shrimp, chemicals, textiles, leather and footwear, and gems and jewellery would be impacted from this tariff as their goods will become less competitive in the US market as...
Next gen GST reforms will set economy open and transparent: Sitharaman

GST Council to meet on Sep 3-4 to discuss moving to a two-rate structure

by AIP Online Bureau | Aug 22, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life

Nirmala Sitharaman,Union Finance Minister The council, comprising finance ministers of all states and UTs besides the Centre, will deliberate on the recommendations by the three GoMs on rate rationalisation, compensation cess and health and life insurance New Delhi:...
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