Union Finance Minister Nirmala Sitharaman Chairs 48th Meeting of The GST CouncilThe 48th Goods and Services Tax (GST) Council Meeting

Union Finance Minister Nirmala Sitharaman Chairs 48th Meeting of The GST CouncilThe 48th Goods and Services Tax (GST) Council Meeting was conducted virtually on December 17, 2022, in New Delhi, Delhi, and was presided over by Union Minister Nirmala Sitharaman, Ministry of Finance (MoF). i.The council has clarified the applicability of a 22 % cess on Sport Utility Vehicles … Read more

ICICI Bank Launches STACK for Companies in Real Estate Sector

On 1st December 2022, ICICI Bank Limited launched a STACK for companies in the real estate sector to offer solutions to their banking requirements on one platform. ICICI Bank is the first bank in the industry to offer real estate specific STACK to provide unparalleled convenience to the companies in the real estate sector. About STACK:i.The STACK is a combination of … Read more

IRDAI approves Amendments, Simplifies Rules to set up Insurance Firms

i.The Insurance Regulatory and Development Authority of India (IRDAI) approved the amendments to rules registering insurance companies and investing in them.ii.This decision has been taken to promote ease of doing business and to simplify the process of setting up an insurance company in India.iii.It aims to enable policyholders, insurers and merchants to provide ‘insurance for … Read more