RBI raises interest rate ceilings on FCNR(B) deposits for banks effective December 6, 2024, offering higher rates till March 31, 2025.
The Government outlines CSR’s role in energy-efficiency projects and sustainable development under the Companies Act, 2013.
Fruit protection paper bags attract 18% GST under HS Code 4819. No specific revenue data is available and no GST reduction plans have been proposed by government.
The Government reports a rise in GST collections, detailing monthly growth and 5% GST on food items.
Govt. responds to concerns over high health insurance premiums, citing actuarial principles and IRDAI regulations to ensure fair pricing for policyholders.
Govt. clarifies no plans to waive GST on artificial limbs and assistive devices for physically disabled, as they already attract the lowest tax rate of 5%.
Govt. confirms no changes to the process of tax exemptions for STs in Meghalaya, clarifying no certificates are needed to claim exemptions under Section 10(26).
Govt. considers reducing GST on term and health insurance for seniors and those with coverage up to ₹5 lakh, with discussions ongoing within GST Council.
UPI processed over 16B transactions worth ₹23.49 Lakh Crore in October 2024, marking significant growth in India’s digital payment ecosystem.
MCA enhances compliance and ease of doing business with decriminalization of 63 offences, faster company strike-offs, and streamlined corporate processes.
