Life Insurance Corporation of India (LIC) attracted strong investor interest on the first day after the government scrapped goods and services tax (GST) on individual traditional life insurance policies. The insurer drew inflows of over Rs 1,100 crore in a single day, according to reports. This development is significant as LIC usually receives around Rs…
Finance Minister Nirmala Sitharaman on Wednesday, September 24, launched the Goods and Services Tax Appellate Tribunal (GSTAT), describing it as a landmark step in strengthening India’s indirect tax system. The new body is expected to ease the legal burden on high courts and provide taxpayers with quicker and more predictable resolution of disputes. 31 benches…
Patanjali Foods Ltd on Sunday announced a reduction in its retail prices across product categories, in order to pass on the benefit of GST 2.0 rates to its customers. The company — yoga guru Ramdev-led Patanjali Ayurved – said the revised prices cover its entire range of food and non-food categories. Add Zee Business as…
The Securities and Exchange Board of India (SEBI) is preparing to widen institutional participation in the country’s commodity derivatives market, Chairman Tuhin Kanta Pandey said on Wednesday. According to IANS, the regulator will engage with the government on proposals to allow banks, insurance companies and pension funds into the segment, alongside a plan to expand…
The GST reductions are more than tax changes — they are transformational enablers that improve affordability, enhance mobility, promote healthier lifestyles and strengthen key industries, the government said on Sunday. By lowering GST rates on gyms/fitness centres, two-wheelers, and small cars, the Government has not only reduced the financial burden on households but also advanced its…
NAREDCO has written to Prime Minister Narendra Modi, requesting that his birthday, September 17, be celebrated as “Right to Housing Day” in recognition of his efforts in advancing Housing for All in India. Niranjan Hiranandani, Chairman of the National Real Estate Development Council (NAREDCO), expressed gratitude to PM Modi for his visionary GST reforms. “As…