India's GST rate cuts keep markets on edge
Edited By WION Video Desk
Published: Aug 27, 2025, 18:29 IST | Updated: Aug 27, 2025, 18:29 IST
India’s GST panel has proposed a major relief for citizens — exempting health and life insurance premiums from the current 18% tax. The recommendation comes soon after Prime Minister Modi announced sweeping GST cuts to revive economic momentum amid trade tensions with the U.S. If approved by the GST Council in the upcoming meeting before Diwali, the move could lead to a revenue loss of ₹9,700 crore but ease financial burdens on millions of Indian families.
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