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Saturday, December 21, 2024

GST panel puts off call on lower rates for insurance

The GST Council waived taxes on cancer gene therapy and reduced levies on fortified rice kernels. Decisions on ATF inclusion, insurance rates, and food delivery services were deferred. Used cars will face 18% GST, while pre-packed popcorn and voucher transactions saw clarifications. A new GoM will address state-level disaster levies.

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AI boom drives global VC funding to record $300bn

Global venture funding surged to a record $300 billion in Q1, largely propelled by AI deals, with four companies securing a significant port...