Creative Bharat
The Centre has proposed exempting individual life and health insurance policies from GST, Bihar Deputy Chief Minister and convenor of the Group of Ministers (GoM) on insurance Samrat Choudhary said on Wednesday. At present, insurance premiums attract 18% GST.“The Centre’s proposal is clear that the individual insurance policies should be exempt from GST. This has […]
Shares of Bajaj Finance and Bajaj Housing Finance surged up to 7% on Monday, as investors piled into financial stocks on hopes of potential Goods and Services Tax (GST) cuts and relief from India’s first sovereign credit rating upgrade in nearly two decades. Bajaj Finance rose as much as 6.7% to Rs 919.15 on the […]
Prime Minister Narendra Modi on Sunday said the Centre has circulated the draft of the next-generation Goods and Services Tax (GST) reforms among states and urged their cooperation to implement the proposal before Diwali.He said the reforms in GST would “benefit poor and middle-class people, as well as small and big businesses.” Addressing an event […]
India’s business community has warmly welcomed Prime Minister Narendra Modi’s announcement to overhaul the Goods and Services Tax (GST), describing it as a crucial step towards boosting demand, cutting compliance burdens and supporting growth.In his Independence Day address from the Red Fort, PM Modi said the government will simplify the GST framework by reducing the […]
AISTA also criticised the 50% export duty imposed on C-heavy molasses since January 15, 2024, saying it has failed to boost export supply as intended. Sugar trade association AISTA on Wednesday requested the government to allocate export quotas only to mills willing to ship from their own facilities, saying the current system hampers exports and […]
File photo: Ex-Niti Aayog CEO Amitabh Kant (Picture credit: PTI) Former G20 Sherpa and ex-Niti Aayog CEO Amitabh Kant has called the steep hike in US tariffs on Indian goods a “once in a generation opportunity” for India to push forward with long-pending economic reforms.Reacting to US President Donald Trump’s decision to double duties on […]
The Securities and Exchange Board of India (Sebi) has proposed a new threshold-based framework to determine the materiality of related party transactions (RPTs), aligning the compliance burden with the turnover scale of listed entities.According to a consultation paper released on Monday, Sebi suggested that for companies with an annual consolidated turnover up to Rs 20,000 […]
The Indian Banks’ Association’s proposal for a five-day work week in banks, declaring all Saturdays as holidays, is under government consideration. While the finance ministry acknowledges the proposal, it clarifies that implementation is pending, denying staff shortages as a hindrance. The decision, driven by calls for improved work-life balance, awaits further consultations and final approval. […]
The Swarna Andhra Pradesh 2047 Vision, launched by N Chandrababu Naidu-led NDA Government, envisions Andhra Pradesh as a $2.4-trillion economy by 2047 | Photo Credit: RAO GN A strong structural reform push, winning investor confidence on the continuity of policies despite political changes and fiscal prudence are the need of the hour for Andhra Pradesh to […]
The Reserve Bank of India (RBI) on Wednesday released draft directions to regulate the novation of over-the-counter (OTC) derivative contracts, aiming to streamline and rationalise the regulatory requirements for such transactions.Novation, under the draft guidelines titled Reserve Bank of India (Novation of OTC Derivative Contracts) Directions, 2025, refers to replacing an existing market maker in […]
