TMC leader Derek O'Brien calls for lowering 18% GST on health insurance, citing burden on the middle class and a letter from Nitin Gadkari.

TMC leader Derek O'Brien urges Indian government to reduce 18% GST on health insurance policies, arguing that it burdens the middle class. He cites a similar demand in a letter from Union Minister Nitin Gadkari, highlighting low insurance penetration (4% vs. >7% globally) and imbalance between life (75%) and medical (25%) insurance policies. O'Brien claims the government's argument about GST Council's inability to change tax rate is flawed, considering the NDA holds majority in the council.

August 05, 2024
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