by AIP Online Bureau | Aug 17, 2025 | Eco/Invest/Demography, Indian News, Policy
Presently, the total tax incidence on cars, depending on engine capacity and length, ranges from 29 per cent for small petrol cars to 50 per cent for SUVs. Sources said, as per the Centre’s proposal for moving the GST system to a two-tier rate structure of 5 and 18...
by AIP Online Bureau | Aug 17, 2025 | Data, Eco/Invest/Demography, Risk Management
With this, the total outflow by Foreign Portfolio Investors (FPIs) in equities reached the Rs 1.16 lakh crore mark so far in 2025, according to data with the depositories. New Delhi: Foreign investors offloaded Indian equities worth nearly Rs 21,000 crore in the first...
by AIP Online Bureau | Aug 17, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography
Agencies will collect used cooking oil from large users, such as hotel chains, restaurants, and snacks and sweets producing companies like Haldiram, and supply it to Indian Oil’s Panipat refinery. Panipat refinery will use this oil to produce sustainable...
by AIP Online Bureau | Aug 16, 2025 | Eco/Invest/Demography, Indian News, Policy
“What we have suggested is a ‘Next Gen GST’ keeping the needs of the middle class, poor, farmers, and MSMEs in mind. Also, it has been ensured that tax on daily use items are low,” the official told PTI New Delhi: Describing the proposed GST tax reforms as ‘Next Gen...
by AIP Online Bureau | Aug 16, 2025 | Intermediaries, International News, Technology
The lawsuit claims Aon “ignored red flags” about letters of credit and encouraged counterparties to work with Vesttoo despite expressing concerns internally about the business. The trustee, Lawrence Hirsh, alleges the insurance broker partnered with Vesttoo in an...
by AIP Online Bureau | Aug 15, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management
While essential food items, medicines and education will continue to be taxed at zero rate in the proposed revamped GST regime, 99 per cent of items in the current 12 per cent slab will move to the 5 per cent bracket. Services will continue to be charged at 18 per...
by AIP Online Bureau | Aug 15, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, International News, Risk Management
The fifth round of negotiations on the plastics treaty (INC-5.2) in Geneva was part of efforts launched in 2022 to address what the United Nations calls a “plastic pollution crisis” that threatens oceans, wildlife, human health and the climate. Scientists...
by AIP Online Bureau | Aug 15, 2025 | Eco/Invest/Demography, Indian News, Policy
Nirmala Sitharaman, Union Finance minister With regard to reduction in slabs, the Centre has proposed moving towards simple tax with two slabs — standard and merit. Special rates would apply only on select few items. Currently, GST is a 4-tier structure of 5,...
by AIP Online Bureau | Aug 15, 2025 | Eco/Invest/Demography, Indian News, Policy
“We have decided to constitute a task force for next-generation reforms. This force will work within a set time-frame to align existing laws with the needs of the 21st century and prepare the nation to become ‘Viksit Bharat’ by 2047,” Prime...
by AIP Online Bureau | Aug 15, 2025 | Eco/Invest/Demography, Indian News, Policy
Prime Minister Narendra Modi addressing the nation on 79th Independence Day in New Delhi on Friday Analysts say, Modi’s statements on GST indicate that the much awaited GST reduction proposals in Health Insurance and Term life insurance policies, which is on...
