The Indian government may soon introduce a social security plan for gig and platform workers, with the labour ministry developing a customised policy. The scheme aims to ensure fairness without cross-subsidization, potentially starting next financial year, and will establish both…
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GST exemption on life insurance premiums: At present, a high GST rate of around 18% on life and health insurance premiums makes plans too costly, which leads to many people potentially forgoing proper insurance coverage. But if both life and…
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Star Health and Allied Insurance Company received an order from the Additional Commissioner of GST & Central Excise, Chennai, imposing a tax demand of ₹33 crores along with interest and penalty for alleged non-payment of GST on coinsurance transactions. The…
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Bajaj Finance Limited has been ordered by the Central Tax authority to pay ₹341.28 crore in GST, with additional interest and penalties, due to the characterization of collected interest as a fee. The demand spans from July 2017 to March…
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The Union Government, in its upcoming Budget 2025, may announce innovative measures to boost infrastructure, agriculture, MSMEs, and other critical sectors, according to a report by the State Bank of India.
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As of December 2024, 86% of independent director positions in central public sector enterprises (CPSEs) were vacant, up from 59% in October. Efforts are underway to fill these vacancies, especially for 64 listed CPSEs. Independent directors are essential for corporate…
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