 "The GST Council weighs options to reduce health insurance taxes, potentially aiding affordability while impacting government revenue significantly.")
The GST Council is set to discuss four proposals to alter the tax treatment of health insurance during its upcoming meeting. These options stem from a request to reduce taxes on health insurance products, aiming to make them more affordable. The proposals include fully exempting all health insurance premiums, cutting the GST rate from 18% ...
 "Trade Minister Piyush Goyal advocates for a border adjustment tax to protect India’s steel industry from predatory imports and boost production.")
Trade Minister Piyush Goyal recently proposed a border adjustment tax (BAT) to protect India’s steel industry from cheap imports. Speaking at a steel conclave, he emphasized the need for this tax to level the playing field, as Indian producers face higher costs due to local taxes. However, some experts suggest that BAT might only slightly ...
 "Sanlam ventures into India’s wealth management, seizing growth amid economic transformation, as its profits soar on strategic partnerships.")
Sanlam Ltd., Africa’s largest insurer, is set to expand into India’s rapidly growing asset and wealth management sector. Building on its initial partnership with Shriram Capital Group established in 2005, Sanlam plans to launch a joint venture that focuses on wealth and advisory services. CEO Paul Hanratty highlighted that many Indians are starting to save ...
 "Amidst the complexities of EV charging, unexpected delays turn a family road trip in Wyoming into a frustrating adventure.")
Electric vehicle (EV) drivers often face unexpected challenges at charging stations, especially in places like Wyoming. A recent experience highlighted how advertised charging speeds can be misleading, as a Rivian SUV struggled to get a full charge from a station promising 350 kW, ultimately slowing a planned road trip by two hours. Factors like varying ...
 "Mercedes-Benz India unveils the Maybach EQS 680 SUV, aiming for top five luxury markets amid a growing electric vehicle landscape.")
Mercedes-Benz India is focusing on expanding its Maybach brand, aiming to position India among the top five markets for Maybach sales. Recently, the company launched the all-electric Mercedes-Maybach EQS 680 SUV, starting at Rs 2.25 crore. CEO Santosh Iyer emphasized the brand’s strategic importance and projected growth potential in the luxury segment, highlighting that they ...
 "Wells Fargo launches a Transgender Hiring Program in India, enhancing workforce diversity and promoting inclusion for marginalized communities.")
Wells Fargo is strengthening its commitment to diversity by launching the Transgender Persons Hiring Program in India. This initiative aims to enhance representation and provide professional development for transgender individuals, following a successful pilot program that hired 13 candidates in 2022. The program, in collaboration with the community organization PeriFerry, currently sponsors 30 transgender individuals ...
 "Generative AI fuels TCS’s rapid growth in engineering and design, transforming product cycles and propelling India’s tech industry to new heights.")
Tata Consultancy Services (TCS) is leveraging generative AI to enhance its engineering research and design capabilities, leading to a 20% acceleration in product development cycles for major clients like Rolls Royce and Jaguar Land Rover. This sector is projected to grow significantly, with an expected value of $170 billion by 2030, nearly quadrupling from current ...
Congress leader Rahul Gandhi stated that Prime Minister should apologize not only to the legendary Shivaji Maharaj but also to the people of Maharashtra. This remark came after the unveiling of a statue to honor the late Congress minister Patangrao Kadam. In other news, Reliance Industries announced a 1:1 ratio issue of bonus shares. The ...
 "RBI Governor Shaktikanta Das reassures India’s growth amid slowing GDP, emphasizing inflation control and optimistic consumption and investment trends.")
Shaktikanta Das, Governor of the Reserve Bank of India, affirmed that India’s economic growth story remains strong despite a slowdown in GDP during the first quarter. He highlighted that consumption and investment are both increasing. Das emphasized the need for new members in the Monetary Policy Committee to ensure timely meetings. He noted optimism in ...
 "Star Health launches a Braille insurance policy, empowering visually impaired individuals with tailored coverage and career opportunities for inclusivity.")
Star Health and Allied Insurance has launched the “Special Care Gold” policy, a health insurance plan specifically designed for individuals with disabilities in India. This innovative policy, presented in Braille, aims to empower the visually impaired by providing them easy access to health insurance information. It covers essential medical treatments and support services for those ...
