‘Near consensus’ in GST Council to cut taxes on insurance premiums: Punjab FM Cheema
Punjab Finance Minister Harpal Singh Cheema said on Monday, September 9, 2024, that there was “near consensus” to reduce the rates on health and life insurance. However, a decision is likely to be finalised in the next meeting of the GST Council in November. Union Finance Minister Nirmala Sitharaman confirmed this in a media briefing […]
Telangana CM urges 16th Finance Commission to increase states’ share in Central taxes to 50%
Telangana Chief Minister A Revanth Reddy on Tuesday (September 10) urged the 16th Finance Commission to increase the share of states in Central taxes from the existing 41% to 50%. Highlighting that Telangana’s debt amounted to over ₹6.85 lakh crore, as of the end of the last financial year, Reddy in his speech at the […]