GST exemption hurting insurance brokers! Private insurance companies reduce commissions – to offset loss of input tax credit
After the removal of GST on insurance from 22 September, all insurance companies passed on the benefits to policyholders. (AI image) Insurance buyers may be feeling happy after the removal of GST, but agents and distributors are feeling the pinch. Insurance companies have reduced the commissions payable to distributors of insurance products to offset the…
Stock market today: Nifty50 opens in red; BSE Sensex down almost 200 points
Market experts anticipate continued pressure due to global factors, economic data releases and ongoing India-US trade negotiations. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Friday on the back of weak global cues. While Nifty50 was just above 24,800, BSE Sensex was down almost 200…