When the real economy weakens, the stock market gets a high. This has been the case, ever since the excess liquidity sloshing around in the world's financial markets converted stock prices and indices into a function more of tiquidlity than of undertying corporate performance.
Health insurance for individuals has been made exempt from Goods and Services Tax. GST has been removed from life insurance premium payments for individuals, as well. Both used to be charged GST at 18%. So, this represents major relief for individuals, this lowering of the cost of buying insurance by nearly a fifth, right? That magnitude of reduction in the cost of either life or health insurance is merely an illusion. The cost of insurance might come down somewhat, but definitely not by 18%.
India embraces its need for American intelligence and weapons to keep China at bay. At the same time, India does not want to be obliged to the US so much that it comes under its thumb. India is better off with a multipolar world, with multiple power centres.
According to GoI’s response to a question in Parliament, there have been 42,673 instances of input tax credit fraud, worth ₹1,66,241 cr, cumulatively over FY21 and FY25 (up to January for the last fiscal).
TK ARUN Visible rates have been cut, while rates whose impact is not directly observable by the consumer have gone up; indirect taxes have been made even more indirect. Most of us have heard the tale of the mouse that…
India’s wellness industry is booming, with PWC estimating its size at ₹490 billion, growing at a compound growth rate of around 16%. Fitness centres, yoga studios, Zumba dance classes, personal trainers, health food, and athleisure clothing proliferate. A section of the population is really taking their health and fitness into their own earnest hands, even as another section is feasting on newfound prosperity and growing obese.