Quick Summary
In a series of significant policy updates tabled in Parliament on Monday, FM Nirmala Sitharaman and other senior officials outlined the government's stance on foreign investment in insurance, taxation on digital assets, smart metering, and infrastructure development. 100% FDI in Insurance to Unlock Sector Growth Finance Minister Nirmala Sitharaman, in a written reply to the Lok Sabha, stated that the government is committed to allowing 100% Foreign Direct Investment (FDI) in insurance companie
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FAQ :
The government is committed to allowing 100% Foreign Direct Investment (FDI) in insurance companies that invest their entire collected premium within India.
The increase aims to unlock the sector's full potential, attract sustained global investment, ease entry barriers for foreign players, and boost insurance penetration across India.
The insurance sector is projected to grow at an annual rate of 7.1% over the next five years.
No, the government has made it clear that there are no plans to revise the 30% tax on crypto gains or the 1% TDS on crypto transactions.
Over 2.44 crore smart meters have been installed under the Revamped Distribution Sector Scheme (RDSS).
The GST Council deliberated on a proposal but did not recommend a rate cut for flex-fuel vehicles, though states are urged to offer road tax exemptions.
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