Mobilise production, inventory to ride seasonal wave

consumer segment

The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM's suggestions on rate rationalisation, and a status report on online gaming, sources said.
Sources said the fitment committee, comprising Centre and state tax officials, will present a report on GST levied on life, health and reinsurance premiums and the revenue implications.
The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, will decide on whether to reduce the tax burden on health insurance from the current 18 per cent or exempt certain categories of individuals, like senior citizens.
The deliberations will also happen with regard to the goods and services tax (GST) cut on life insurance premium.
In 2023-24, the Centre and states collected Rs 8,262.94 crore through GST on health insurance premium, while Rs 1,484.36 crore was collected on account of GST on health reinsurance premium.
The issue of taxation on insurance .

GST council meeting

Samples from the patient, put under isolation, currently being tested to confirm presence of the virus

Monkeypox

Pew found that 38 per cent of US adults supported a ban last fall and 50 per cent were in favor in March 2023

Tiktok ban

US District Judge Tanya Chutkan suggested Trump's defense team was trying to drag out the case as he campaigns for a return to the White House

Donald Trump, Trump

The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,680

Gold

The PAC will probe the allegations against the Sebi chief and also ask her and other officials from the ministries of finance and corporate affairs to appear before the committee

Madhabi Puri Buch, Madhabi, Madhabi Puri

Samajwadi Party president Akhilesh Yadav in an apparent dig at Uttar Pradesh Chief Minister Yogi Adityanath on Sunday said he is not offended by remarks made by "someone on his way out".
Criticising the law and order situation in the state, Yadav said the the BJP government has made it a habit of being rebuked by the courts.
"Those who have no say in their own party, who will now pay heed to their words. Anyway, why should one feel bad by things said by someone on his way out," Yadav said in a post in Hindi on 'X'.
His comments came hours after Adityanath in a public rally hit out at the SP chief and said, "Those who used to consider power as their 'bapauti' (family property) have started realising that they will never return to Uttar Pradesh, that is why they are trying to conspire. They (SP) are trying to create anarchy. They have nothing to do with development and the safety of daughters and businessmen."
The CM had also targeted Yadav over the police encounter of Mangesh Yadav 

Akhilesh Yadav, Akhilesh

Here is the best of Business Standard's opinion pieces for today

DNA is what chemists call a “molecule” and its full name is deoxyribonucleic acid. Unlike other convoluted chemical names, from which we can safely look the other way, scientists are making claims about DNA that are frightening and difficult to ignor

Prime Minister Narendra Modi is set to join the leaders of the US, Japan and Australia at the Quad summit in the US later this month as the influential grouping is likely to deliberate on pressing global challenges including the situation in Ukraine.
The summit is likely to take place on September 21 in US President Joe Biden's hometown of Wilmington in Delaware, people familiar with the matter said.
There is no official announcement yet on the date and venue of the high-profile summit. It was India's turn to host the Quad summit this year. However, the leaders of the grouping decided to hold the summit at a venue convenient to all in view of  constraints of a tight calendar.
As per the new plan, India is expected to host the Quad summit next year.
Modi, Australian Prime Minister Anthony Albanese and his Japanese counterpart Fumio Kishida are among the world leaders who are travelling to the US to attend the UN's Summit of the Future in New York on September 22 and 23.
The Quad su

Quad summit

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Not offended by remarks by someone on way out: Akhilesh's dig at Adityanath

Best of BS Opinion: Warning signs, enabling environments and more

Quad summit to take place in Delaware this month, India may host next year

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GST Council to deliberate on taxation of insurance premium, online gaming

India reports first suspected mpox case; patient's condition stable

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