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Cancer Meds Get Cheaper: GST Council Slashes Tax On 33 Lifesaving Drugs
In what seems like a major public health push, the GST Council has cut GST on medicines, including 33 lifesaving drugs and 3 cancer/rare-disease medicines, to nil, and reduced GST on most other medicines and medical devices.
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Zero GST On Life & Health Insurance From September 22: Who Benefits And How?
From September 22, 2025, all individual life and health insurance premiums will attract 0% GST, down from 18%. Announced after the 56th GST Council meeting, this move cuts upfront costs, may widen coverage, and nudges households to buy adequate prote
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GST Changes Holistic, Coincidental Some Sectors Hit By Tariffs: Piyush Goyal
The rationalisation of Goods and Services Tax slabs - from four to two, and exemption of certain items, including premiums for health and life insurance - reflect a "holistic and well thought-out" decision, Commerce Minister Piyush Goyal said.
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Jan Dhan Account Holders Can Complete Re-KYC Till September 30: RBI
RBI Governor Sanjay Malhotra announced on Wednesday that a large number of Pradhan Mantri Jan Dhan Yojana accounts have become due for re-KYC updates, as the government's flagship financial inclusion scheme completed 10 years.
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US CFTC, FDIC Revoke Crypto-Related Restrictions for Banks: All Details
The US, under President Donald Trump, is making strides in creating a nurturing environment for the crypto sector to grow. In a fresh development, the Federal Deposit Insurance Corporation (FDIC) has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the othe...
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"India's Financial System Diverse, Driven By Rapid Economic Growth": IMF Report
The report observed that India's insurance sector is strong and growing, with a significant presence in both life and general insurance.
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Budget 2025: FDI Limit For Insurance Sector Raised To 100%
Finance Minister Nirmala Sitharaman, in her Budget speech today, announced raising FDI limits for insurance for insurance sector from 74 per cent to 100 per cent, though with certain restrictions.
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AI, Blockchain, Cybersecurity Drive Hiring In Finance: Report
The report said that the continued job growth is propelled by digital transformation, changing regulatory landscapes, and initiatives aimed at enhancing financial inclusion.
-
Union Budget 2024: Insurers Expect More Tax Benefits For Health Insurance
More tax benefits for health insurance under the new tax regime, relaxation in payment norms for MSMEs and incentives for the agri-tech sector are among the stakeholders' expectations from the first budget of the Modi 3.0 government.
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UPSC Hiring For 1,930 Posts In Healthcare Sector, Registration Ends Tomorrow
UPSC ESIC Nursing Officer Recruitment 2024: The selection process consists of a written test and document verification. The exam will last for two hours.
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"Had To Fill Gaps In LIC's Internal Systems Before IPO": Nirmala Sitharaman
Finance Minister Nirmala Sitharaman today said that the there were gaps in the internal systems of the Life Insurance Corporation (LIC) before the public sector company's IPO.
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Ukraine Imposes 50-Year Sanctions On Russian Financial Sector
Ukraine's parliament imposed sweeping 50-year sanctions on Thursday on Russian financial institutions including the central bank, all commercial banks, investment funds, insurers and other enterprises.
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India's New Space Policy: Startups Seek Clarity on Financing, Insurance
India's space sector startups are looking forward to the new space policy for easier access to finance and clarity on issues related to liability in case of untoward incidents.
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Used-Car Sector Is Getting More Organised And Professional At A Rapid Pace, Say Industry Experts
The unorganised used car sector is still a large chunk while we see newly organised as well as unorganised players emerging rapidly.
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Lok Sabha Passes Bill To Raise Foreign Investment In Insurance To 74%
A bill to increase foreign direct investment (FDI) in the insurance sector from 49 per cent to 74 per cent was approved by Parliament with the Lok Sabha giving green signal to the legislation by a voice vote on Monday.
-
Cancer Meds Get Cheaper: GST Council Slashes Tax On 33 Lifesaving Drugs
In what seems like a major public health push, the GST Council has cut GST on medicines, including 33 lifesaving drugs and 3 cancer/rare-disease medicines, to nil, and reduced GST on most other medicines and medical devices.
-
Zero GST On Life & Health Insurance From September 22: Who Benefits And How?
From September 22, 2025, all individual life and health insurance premiums will attract 0% GST, down from 18%. Announced after the 56th GST Council meeting, this move cuts upfront costs, may widen coverage, and nudges households to buy adequate prote
-
GST Changes Holistic, Coincidental Some Sectors Hit By Tariffs: Piyush Goyal
The rationalisation of Goods and Services Tax slabs - from four to two, and exemption of certain items, including premiums for health and life insurance - reflect a "holistic and well thought-out" decision, Commerce Minister Piyush Goyal said.
-
Jan Dhan Account Holders Can Complete Re-KYC Till September 30: RBI
RBI Governor Sanjay Malhotra announced on Wednesday that a large number of Pradhan Mantri Jan Dhan Yojana accounts have become due for re-KYC updates, as the government's flagship financial inclusion scheme completed 10 years.
-
US CFTC, FDIC Revoke Crypto-Related Restrictions for Banks: All Details
The US, under President Donald Trump, is making strides in creating a nurturing environment for the crypto sector to grow. In a fresh development, the Federal Deposit Insurance Corporation (FDIC) has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the othe...
-
"India's Financial System Diverse, Driven By Rapid Economic Growth": IMF Report
The report observed that India's insurance sector is strong and growing, with a significant presence in both life and general insurance.
-
Budget 2025: FDI Limit For Insurance Sector Raised To 100%
Finance Minister Nirmala Sitharaman, in her Budget speech today, announced raising FDI limits for insurance for insurance sector from 74 per cent to 100 per cent, though with certain restrictions.
-
AI, Blockchain, Cybersecurity Drive Hiring In Finance: Report
The report said that the continued job growth is propelled by digital transformation, changing regulatory landscapes, and initiatives aimed at enhancing financial inclusion.
-
Union Budget 2024: Insurers Expect More Tax Benefits For Health Insurance
More tax benefits for health insurance under the new tax regime, relaxation in payment norms for MSMEs and incentives for the agri-tech sector are among the stakeholders' expectations from the first budget of the Modi 3.0 government.
-
UPSC Hiring For 1,930 Posts In Healthcare Sector, Registration Ends Tomorrow
UPSC ESIC Nursing Officer Recruitment 2024: The selection process consists of a written test and document verification. The exam will last for two hours.
-
"Had To Fill Gaps In LIC's Internal Systems Before IPO": Nirmala Sitharaman
Finance Minister Nirmala Sitharaman today said that the there were gaps in the internal systems of the Life Insurance Corporation (LIC) before the public sector company's IPO.
-
Ukraine Imposes 50-Year Sanctions On Russian Financial Sector
Ukraine's parliament imposed sweeping 50-year sanctions on Thursday on Russian financial institutions including the central bank, all commercial banks, investment funds, insurers and other enterprises.
-
India's New Space Policy: Startups Seek Clarity on Financing, Insurance
India's space sector startups are looking forward to the new space policy for easier access to finance and clarity on issues related to liability in case of untoward incidents.
-
Used-Car Sector Is Getting More Organised And Professional At A Rapid Pace, Say Industry Experts
The unorganised used car sector is still a large chunk while we see newly organised as well as unorganised players emerging rapidly.
-
Lok Sabha Passes Bill To Raise Foreign Investment In Insurance To 74%
A bill to increase foreign direct investment (FDI) in the insurance sector from 49 per cent to 74 per cent was approved by Parliament with the Lok Sabha giving green signal to the legislation by a voice vote on Monday.
