Slash GST on health insurance to 5% from 18%: Trade body to Govt.

The Government should bring down the existing GST (Goods & Services Tax) on individual health insurance policies to 5 per cent from the existing 18 per cent to encourage people to buy these policies as a measure of social security, the Confederation of General Insurance Agents’ Associations of India appealed to the Government. The umbrella […]

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Pharma Sector Achieves 8% Growth in FY24: Report

The pharmaceutical sector in India experienced an 8% growth in revenue during FY24, according to a recent IQVIA report. Sudarshan Jain from the Indian Pharmaceutical Alliance (IPA) predicts the chronic market will continue to grow in double digits over the next 3-5 years. However, the report indicates a 54% decline in new product launches in […]

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