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Much anticipated GST changes on Health & Term Life Insurance Get Deferred To Next GST Meet In January

Proposals By GoM Around GST On Insurance Haven't Aligned With What The Insurance Industry Wants!

What Has The GoM Proposed?
1) Exemption of GST on health insurance premium for senior citizens & sum assured up to Rs 5 lakh
2) Reduction of GST on health insurance premium for non-senior citizens
3) Exemption of GST on term life insurance premium

Both life & health insurance industry have been asking for Input Tax Credit (ITC) benefits which can only be sustainable at GST Of 12% On Both Health Insurance Term Life Insurance Premium

Insurance industry believes that GST exemption would take away ITC Benefits

Also, reduction of GST below 12% & the corresponding ITC would be unsustainable & would lead to premium hikes

FM Nirmala Sitharaman said that inputs from Insurance Regulator (IRDAI) are awaited around GST changes on health & term life insurance

All eyes would be on the inputs of IRDAI on GST changes on insurance and the next GST Council meet in January!


STEEL AUTHORITY OF INDIA, JSW STEEL & JINDAL STEEL AND POWER:

THE INDIAN STEEL ASSOCIATION HAS FILED FOR A SAFEGUARD INVESTIGATION AND POTENTIAL SAFEGUARD DUTY ON IMPORTS OF "NON-ALLOY AND ALLOY STEEL FLAT PRODUCTS" DUE TO A SHARP INCREASE IN IMPORTS CAUSING SERIOUS INJURY TO DOMESTIC INDUSTRY


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GIFT NIFTY AROUND 200 PTS UP


Dow Jones Up 800 Point 🔥🔥


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SURAKSHA DIAGNOSTIC Q2 Result

NET PROFIT UP 23 % AT 10.34 CR (YOY), UP 30% (QOQ)

REVENUE UP 11 % AT 66.75 CR (YOY) ,UP 10 % (QOQ)

EBITDA UP 11 % AT 13 CR (YOY),UP 23.19 %(QOQ)

MARGINS AT 34.72 % V 34.67% (YOY), 33.9 % (QOQ)




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#JustIn | #NSE announces exclusion 0f 16 securities from F&O effective Feb 28


FIIs net sell ₹3,597.82 cr while DIIs net buy ₹1,374.37 cr in equities today (provisional)


INTERARCH BUILDING

Interarch Building Products projects 50% growth in North India for FY 25-26, with Uttar Pradesh driving the expansion. The region is expected to contribute 30% to overall business.

CEO Manish Garg credits key projects with brands like Hindustan Unilever, PepsiCo, and Yamaha for this success.

CEO Mr. Garg is in Lucknow to oversee preparations for a major PEB structure at Ashok Leyland's facility in Uttar Pradesh.

The project, focused on electric bus production, highlights a key step in sustainable transportation.

Interarch is also undertaking significant capacity expansion at its Kichha plant to enhance its regional footprint.


Siemens Down 10%


Nifty Down 500 Point From days high


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Nifty Break 23800
Down 280 point from days high


POKARNA IN FOCUS

CO SAYS QUAZ BIZ WILL DO MORE THAN 30% IN FY25 REVENUE GROWTH


ACC , AMBUJA ; Adani Group Says To Invest Rs 2500 Cr In Bihar In Cement Manufacturing Unit


High Level of Volatility is going on!!

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