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Javadekar hints at possible GST cut for vehicles to boost auto sector
Elaborating on the possibilities of the GST rate cut on vehicles segment, he said the details of the proposals are being worked out by the Finance Ministry and he is not privy to all the details.
However,Javadekar said, “naturally in a logical sequence, 2-wheelers, 3-wheelers, public transport vehicles, in that category only, and then 4-wheelers, in that order it should come. I hope that you will get some good news surely very soon”.
Auto industry not in position to make investments for new norms: SIAM
SIAM President Rajan Wadhera noted that demand stimulus for the industry is a must in order to achieve targets listed in AMP 2026.
AMP 2026 is the collective vision of the government of India and the automotive industry on where the various segments of the automotive and auto component industry need to be by 2026 in terms of size and contribution to the overall Indian economy.
The plan envisages taking the auto industry’s gross domestic product (GDP) contribution to 12 per cent from current 7 per cent as also generating 6.5 crore additional jobs over the 3.7 crore jobs that are already there.
IRDA allows wide-ranging incentives by insurers to promote wellness and affordable health insurance
Based on criteria stipulated for wellness and fitness, insurers may endeavor promoting wellness amongst health insurance policyholders by offering host of services:
-Health specific services provided by Network providers or other empanelled hospitals / service providers for the following (in addition to any such benefits already offered):
-Outpatient consultations or treatments
-Pharmaceuticals
-Health check-ups/diagnostics
-Including discounts on all the above.
– Redeemable vouchers to obtain health supplements.
India’s COVID-19 tally crosses 38-lakh mark with record single-day jump of 83,883 cases
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