EPF: Never mind a small initial salary, good increment can build big corpus EPF, or Employees’ Provident Fund is India’s most trusted avenue of building a significant post-retirement pool of money for an employee and his/her family. It also pays a monthly pension.
GST Council Meeting: Key Decisions on Small Businesses, IGST Accuracy & more The council also introduced measures expected to boost the business sector, a significant step taken during the meeting, according to an official release. Kerala has been demanding for a long time to ensure accuracy in the Integrated Goods and Services Tax (IGST).
GST Council Meeting: Rate on used cars up, no GST on gene therapy, rice kernel down Among the items where tax rates were changed at the 55th GST Council on December 21 meeting are gene therapy, used electric vehicles and fortified rice kernels.
States not in favour of bringing ATF under GST: Nirmala Sitharaman No decision was taken with regard to reduction in GST on insurance premiums as the Group of Ministers (Go) needed more time to study the issue, Finance Minister Nirmala Sitharaman said.
GST Meeting: Decision on Rate rationalisation, tax cut on insurance premium deferred Union Minister Nirmala Sitharaman on December 21, 2024 announced the decisions taken in the GST Council Meeting December 2024. Sitharaman announced the GoM on rate rationalisation has not yet finalised its report. The minister said GST Council deferred decision to cut tax on insurance premium as many inputs including IRDAI comments were awaited.
GST Council: Rate rejig report, insurance premium tax deferred; tax on used car up The 55th GST Council meeting chaired by FM Nirmala Sitharaman raised tax rates on used cars and reduced rates on fortified rice kernels. However, the Group of Minister’s report on GST rejig was deferred.
India’s PM Gati Shakti: Rail And Highway Projects Boosting Connectivity And Trade The PM Gati Shakti initiative, launched in 2021, aims to improve India’s infrastructure. Recently, five transformative projects were assessed–two railway lines and three highway corridors.
NPS: Invest Rs 100 a day and expect this lump sum and pension from the age of 60 The National Pension System, or NPS, is a wonderful instrument that is designed to create a big corpus for post-retirement years harnessing the power of long-term compounding.
NPA piled up in UPA regime; clean-up began under Modi: Raghuram Rajan The former RBI governor said in an interview that NPA had piled up in the banking system. The urgent process of clean up began after he got the nod from Arun Jaitley, the finance minister under Narendra Modi government.
PLI booster: Scheme delivers Rs 1.97 trillion thrust to ‘Atmanirbhar Bharat’ The Production Linked Incentive, popularly known as PLI, is a govt program designed to offer financial incentives for manufacturing products within India in sectors such as electronics, textiles, pharmaceuticals, automobiles.
