Business and Finance Business and Finance
Tue, December 3, 2024
[ 05:31 AM ] - Bill Williamson
Will Luxury & Sin Goods See A Tax Hike In December, 35% GST On Tobacco, Aerated Drinks?
[ 05:30 AM ] - Bill Williamson
Be the Future: Malaysia's First Philosophy, Politics & Economics Degree
[ 05:30 AM ] - Bill Williamson
Stellantis considers Picat and Filosa for CEO, says source
[ 05:00 AM ] - Bill Williamson
Jack Nathan Health Closes Sale of Canadian Business and Positions for Global Growth
[ 04:30 AM ] - Bill Williamson
France faces 'moment of truth' with government on brink of collapse
[ 04:00 AM ] - Bill Williamson
Lighthouse Canton Releases Venture Debt Report, H .. h of Non-Dilutive Financing for Startups in India
[ 04:00 AM ] - Bill Williamson
REITs in India: 24% returns and 60% of office space ready for investment
[ 03:30 AM ] - Bill Williamson
Upper Crust owner SSP posts 23% rise in annual profit
[ 03:30 AM ] - Bill Williamson
Egypt's non-banking finance hit $13bln in 9 months: FRA
[ 03:00 AM ] - Bill Williamson
Indonesia offers six oil and gas blocks in second 2024 auction
[ 01:31 AM ] - Bill Williamson
Buy 'Magnificent Seven' on Corrections, NYU's Damodaran Says
[ 01:31 AM ] - Bill Williamson
Commonwealth bank announces major changes to everyday accounts and additional cash withdrawal fees
[ 01:30 AM ] - Bill Williamson
Will RBI announce a rate cut? MPC meet date, time, and what to expect
[ 01:00 AM ] - Bill Williamson
Prosus invests $100 million in Vastu Housing Finance, acquires minority stake
[ 12:00 AM ] - Bill Williamson
Exclusive: Netflix star Ryan Serhant raises $45 m .. ion to disrupt the real estate brokerage business
Mon, December 2, 2024
[ 11:00 PM ] - Bill Williamson
Thai Finance Minister says room for rate cut as inflation is low
[ 10:01 PM ] - Bill Williamson
Partnership of promise
[ 10:00 PM ] - Bill Williamson
Art Cashin, Wall Street veteran and CNBC regular, dies at age 83
[ 10:00 PM ] - Bill Williamson
The Bill Gates Foundation Bought 1,000,000 Shares .. 3 2024 And They're Both In The Same Sector - Why?
[ 09:31 PM ] - Bill Williamson
LinkedIn Has A Few AI Features For Users To Try (And Here's How To Use Them)
[ 09:31 PM ] - Bill Williamson
South Africa is the perfect destination for outsourcing software development
[ 09:30 PM ] - Bill Williamson
Brokerage Radar: Jefferies bullish on Global Health, HSBC says 'Buy' to Bajaj Finance
[ 09:01 PM ] - Bill Williamson
Robert Kiyosaki: 8 Assets To Get You So Rich You Can Quit Your Job Forever
[ 09:00 PM ] - Bill Williamson
Stephanie Colestock
[ 08:30 PM ] - Bill Williamson
'Shark Tank' stars, AI investor and 'anti-woke' fund to take stage in Palm Beach County
[ 08:00 PM ] - Bill Williamson
Will County Board elects Democratic speaker, replaces Steve Balich as Republican leader
[ 07:30 PM ] - Bill Williamson
JPMorgan's investment banking chair departs, memo says
[ 07:01 PM ] - Bill Williamson
This Interior Department senior executive has done it all when it comes to money
[ 07:01 PM ] - Bill Williamson
America's biggest private company is laying off thousands of workers
[ 07:00 PM ] - Bill Williamson
Insurance cost to drop if GST Council lowers taxes: Finance Minister

Insurance cost to drop if GST Council lowers taxes: Finance Minister


Published on 2024-12-02 19:00:56 - Bill Williamson, WOPRAI
  Print publication without navigation

  • Finance Minister Nirmala Sitharaman today said the cost of insurance would come down if the GST (Goods & Services Tax) Council recommended a reduction in the GST rate on health and life insurance policies.

The article from Tribune India discusses Finance Minister Nirmala Sitharaman's comments on the potential reduction of insurance costs if the GST Council decides to lower the taxes on insurance products. Currently, insurance products are taxed at 18% under GST, which is considered high and impacts the affordability of insurance for the common person. Sitharaman highlighted that a reduction in GST rates could make insurance more accessible, thereby increasing insurance penetration in India. She made these remarks during a review meeting of the Department of Financial Services, emphasizing the need for insurance to be within reach of the average citizen to enhance financial inclusion. The article also notes that the insurance industry has been advocating for a reduction in GST rates to boost demand for insurance products.

Read the Full The Tribune Article at:
[ https://www.tribuneindia.com/news/business/insurance-cost-to-drop-if-gst-council-lowers-taxes-finance-minister/ ]
Contributing Sources