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MUMBAI: There are sign that sales of some segments of insurance policies, like term and health covers, has picked up sharply after the exemption in GST came into effect on September 22, even as life insurance industry growth numbers for September came in weak. What appears to have prompted people to time their purchases is…
After the removal of GST on insurance from 22 September, all insurance companies passed on the benefits to policyholders. (AI image) Insurance buyers may be feeling happy after the removal of GST, but agents and distributors are feeling the pinch. Insurance companies have reduced the commissions payable to distributors of insurance products to offset the…
Amir Khan Muttaqi (File photo) Taliban Foreign Minister Amir Khan Muttaqi has been granted a temporary travel exemption to visit India next week. This marks the first high-level visit by a Taliban leader to New Delhi since the group took power in Afghanistan in 2021.According to officials, the UN Security Council sanctions committee has authorised…
NEW DELHI: Days after US President announced an exorbitant fee hike in H-1B visa fees, the White House is mulling exempting for physicians from the new fees, news agency Bloomberg reported on Monday.“The Proclamation allows for potential exemptions, which can include physicians and medical residents,” Bloomberg quoted White House spokesperson Taylor Rogers saying in an…
ITR filing FY 2024-25: The tax authorities have identified many instances of false exemption claims submitted by taxpayers. (AI image) ITR filing FY 2024-25: The Income Tax Department is cracking down on false tax exemptions being claimed by people in their Income Tax Returns. Most of these exemptions, under the old income tax regime, are…
India’s strategic gateway to Afghanistan and Central Asia, the Chabahar Port in Iran, faces mounting challenges as the United States revoked sanctions exemptions previously granted under the Iran Freedom and Counter-Proliferation Act (IFCA). The move, effective September 29, risks exposing Indian operators at the port to US penalties and raises serious questions about the future…
