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

Market News

Business

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. ...

August 31, 2024

Market News

Business

Judicial Crisis: Sibal Demands Urgent Reforms for Overburdened District Courts

Senior advocate and Rajya Sabha MP Kapil Sibal has drawn attention to the poor working conditions faced by district court judges in India. Speaking at the ‘National Conference of the District Judiciary,’ he emphasized that inadequate salaries and infrastructure hinder the justice delivery system’s effectiveness. Sibal described how judges struggle with overwhelming caseloads and lack ...