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Govt proposes removing entire 18% GST on retail health and life insurance: Samrat Choudhary

Govt proposes removing entire 18% GST on retail health and life insurance: Samrat Choudhary

by AIP Online Bureau | Aug 20, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life

Finance Minister Nirmala Sitharaman chairs a meet of group of ministers(GoM) on GST rationilsation on Wednesday Bihar Deputy Chief Minister Samrat Choudhary said the Group of Ministers (GoM) on Goods and Services Tax (GST) will propose exempting health and life...
FM Sitharaman to address GoM over simplified 2-slab GST structure

FM Sitharaman to address GoM over simplified 2-slab GST structure

by AIP Online Bureau | Aug 20, 2025 | Eco/Invest/Demography, Indian News, Policy

Nirmala Sitharaman,Finance Minister The GST Council is expected to meet on September 18-19 to take a final call on the proposal New Delhi: Finance Minister Nirmala Sitharaman was set to address group of ministers (GoM) in a key meeting here on Wednesday, where...
GST rejig: Sitharaman to address Aug 20 GoM meet to put forth Centre’s rate cut proposal

GST rejig: Sitharaman to address Aug 20 GoM meet to put forth Centre’s rate cut proposal

by AIP Online Bureau | Aug 18, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation

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

As many as 409 companies operating from IFSC GIFT City

by AIP Online Bureau | Aug 18, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation

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...
FM Sitharaman to address GoM over simplified 2-slab GST structure

No proposal to restore Old Pension Scheme for central government employees: FM

by AIP Online Bureau | Aug 11, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

  Nirmala Sitharaman,Union Finance Minister UPS has been introduced through a notification by the government on January 24, 2025, as an option under NPS, she said. Under UPS, she said, assured payout is admissible on retirement at 50 per cent of the twelve-month...
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