Prime Minister Narendra Modi on Wednesday hailed the next-generation GST reforms, which he said would improve the lives of citizens and ensure ease of doing business for all, especially small traders and businesses.”During my Independence Day Speech, I had spoken about our intention to bring the Next-Generation reforms in GST. The Union Government had prepared … Read more
The GST Council on Wednesday decided to exempt life and health insurance premiums for individuals from Goods and Services Tax (GST). Until now, policyholders were paying an 18% GST on premiums, a levy that had long been a point of contention for the insurance industry. The exemption comes into effect on 22 September. The move … Read more
The union cabinet chaired by prime minister Narendra Modi on Wednesday cleared projects worth ₹22,791 crore for the continuation of the Centre’s UPI incentive, building a new urea plant in Assam as well as a new highway to boost port connectivity in Maharashtra, and development of dairy farming. Union minister of information and broadcasting Ashwini … Read more
Food safety regulator FSSAI on Monday withdrew its recent advisory wherein food businesses were directed to remove claims of ‘A1’ and ‘A2’ types of milk and milk products from packaging. The Food Safety and Standards Authority of India (FSSAI) said the advisory has been withdrawn to carry out further consultations with stakeholders. It would imply … Read more
The Petroleum and Natural Gas Regulatory Board (PNGRB) has announced a 47% cut in tariffs for Gujarat State Petronet’s (GSPL) High Pressure (HP) Pipeline network. (PNGRB’s tariff order determines the prices that a company can charge for transporting natural gas through its pipeline networks.) This is a significant negative surprise. Tariff has been reduced from … Read more