 "Piyush Goyal urges increased use of made-in-India products to boost manufacturing, reduce imports, and support local industries.")
Piyush Goyal, the Union Minister of Commerce and Industry, emphasized the importance of using made-in-India products to enhance domestic manufacturing and reduce imports during the UP International Trade Show in Greater Noida. He highlighted that one of the 20 approved industrial townships is being developed in Greater Noida, with its first phase already sold out. ...
 "Samsung plans to cut up to 1,000 jobs in India and reduce global workforce by 30% amid economic pressures.")
Samsung Electronics, the leading global manufacturer of smartphones and memory chips, is set to lay off up to 30 percent of its overseas staff, potentially affecting around 1,000 employees in India. The company plans to reduce its sales and Marketing workforce by 15 percent and administrative staff by 30 percent across various regions, including the ...
 "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. ...
 "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% ...
