Articles for tag: addressed, Airline, Councils, Dramatic, Foreign, Gaming, GST, Insurance, Meeting, Online, Reforms, Relief, Revenues, Surging, Tax

September 9, 2024

The GST Council’s dramatic meeting addressed insurance tax reforms, foreign airline relief, and surging revenues from online gaming.

During the 54th GST Council meeting in New Delhi, Finance Minister Nirmala Sitharaman announced several key decisions. The council is exploring a state panel to review the compensation cess and its future beyond March 2026. Discussions included potential exemptions for life and health insurance premiums from GST, although further deliberation is needed. To support foreign ...

September 9, 2024

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Finance Minister Nirmala Sitharaman announces key GST reforms, including a GoM to reduce insurance taxes and lower rates on cancer drugs.

During the 54th GST Council meeting, Union Finance Minister Nirmala Sitharaman announced the formation of a Group of Ministers (GoM) to evaluate the GST rates for life and health insurance. This GoM will be led by Bihar Deputy Chief Minister Samrat Choudhary and is expected to submit its report by the end of October 2024. ...

September 8, 2024

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Business

The GST Council meeting, chaired by Nirmala Sitharaman, tackles crucial tax issues, including health insurance exemptions and online gaming regulations.

The GST Council, led by Finance Minister Nirmala Sitharaman, is set to address key issues, including the taxation of insurance premiums and online gaming fees. A major focus will be whether to reduce the current 18 percent GST on health insurance or exempt senior citizens from this tax. The council’s discussions will also cover revenue ...

September 5, 2024

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Business

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% ...

September 5, 2024

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Business

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 ...

May 16, 2024

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Business

Warren Buffett’s company Berkshire Hathaway invests over $6 billion in insurance giant Chubb, boosting stock prices.

Renowned investor Warren Buffett’s company, Berkshire Hathaway, has disclosed a substantial investment of over $6 billion in the insurance giant Chubb. This major investment announcement has caused Chubb’s share prices to soar. This move by Buffett’s Berkshire is set to have a significant impact on the insurance industry, with many eyes on how this development ...

May 16, 2024

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Business

Big reveal! Berkshire Hathaway buys into insurance giant Chubb – find out the inside story now!

Berkshire Hathaway, the multinational conglomerate headed by billionaire Warren Buffett, has recently disclosed a previously undisclosed minority ownership stake in the insurance company Chubb. This revelation has sparked interest and speculation among investors and industry experts alike. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post ...

May 12, 2024

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Colorado residents facing higher costs for home insurance

Are you a resident of Colorado dealing with skyrocketing home insurance costs? Many Coloradans are feeling the squeeze as premiums continue to rise. Stay tuned to learn more about why this is happening and what you can do to protect your wallet. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down ...

May 7, 2024

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Chinese EV Giants BYD and Tesla Lead Insurance Registrations, Xiaomi Lags Behind

Last week, China saw a surge in electric vehicle insurance registrations, with Nio recording 3,600, Tesla with 11,000, BYD leading with 52,600, and Xiaomi trailing with 1,300 registrations. The numbers reflect the growing popularity and adoption of EVs in the country. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to ...