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Budget-2023-24: Tax incentive to promote Home Insurance

Budget-2023-24: Tax incentive to promote Home Insurance

by AIP Online Bureau | Dec 15, 2022 | Articles, Health, Non-Life, Policy

Rakesh Jain, CEO, Reliance General Insurance In spite of pandemic, the health insurance penetration in our country is very low. Due to such a low coverage, the cost of insurance becomes high. In order to bring down its cost, GST rate should be reduced to 5% from 18%....

Niti studying proposal to tax foods high in sugar, salt to tackle obesity

by AIP Online Bureau | Feb 27, 2022 | Eco/Invest/Demography, Health, Indian News, Policy

”Niti Aayog, in collaboration with IEG and PHFI, is reviewing the evidence available to understand the actions India can take, such as front-of-pack labelling, marketing and advertising of HFSS foods and taxation of foods high in fats, sugar and salt, ” it...
Taxing cryptos income doesn’t make them legal: FM Sitharaman

Taxing cryptos income doesn’t make them legal: FM Sitharaman

by AIP Online Bureau | Feb 11, 2022 | Eco/Invest/Demography, Indian News, Policy, Technology, Wealth Management/ Philanthropy

Finance Minister Nirmala Sitharaman said, “I am not going to legalise it or ban it at this stage. Banning or not banning will come subsequently, when consultations give me input”. About the profit emanating from transactions in cryptocurrencies, she stated...

Budget 2022-23:Tax deduction limit of state govt employees increased from 10 pc to 14 pc

by AIP Online Bureau | Feb 2, 2022 | Indian News, Pension & Social Security, Policy

”This is a significant announcement to bring state government employees on par with the central government employees and this will help state government employees getting extended social security benefits in line with their counterparts in the union...
Union Budget 2022-23: Expectations on changes in income tax slabs and rates

Union Budget 2022-23: Expectations on changes in income tax slabs and rates

by AIP Online Bureau | Jan 30, 2022 | Eco/Invest/Demography, Indian News, Policy

Finance Minister Nirmala Sitharaman In the Budget 2020-21, around 70 exemptions and deductions of different nature were removed. The finance minister had announced that the “remaining exemptions and deductions will be reviewed and rationalised in the coming...
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