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The Goods and Services Tax (GST) Council has reduced insurance GST rates from 18% to zero. This change applies to policy renewals after September 22, 2025, and new policies. The Insurance Regulatory Development Authority of India (IRDAI) clarified that existing policies and advance payments are not eligible for refunds. Nirmala Sitharaman announced this will make insurance more affordable.
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Lloyds Banking Group's policy puts 3,000 jobs at risk, with staff to be told they must improve their work or lose their job.
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The take-down of the site has been championed as a major victory for live sports broadcasters.
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