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Centre ready to exempt health and life insurance from GST. Then why is the industry pitching for 12%?

New Delhi, March 13 -- There is unanimity on the need to reduce the goods and services tax (GST) on health and life insurance premia from 18%, but consensus eludes on what the final rate should be: ni... Read More


Cabinet okays bill to replace Income Tax Act, may be tabled in parliament soon

New Delhi, Feb. 7 -- The Union cabinet on Friday approved a bill to replace the more than six-decade-old Income Tax Act,1961 with a new, simpler and easy-to-understand law, as part of the government's... Read More