Opposition protests in Lok Sabha against GST on insurance premiums
This story was originally published at 21:54 IST on 2 August 2024
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NEW DELHI – Lok Sabha proceedings today began with the opposition parties protesting against the 18% goods and services tax on life and health insurance premiums. Opposition members raised slogans in the house demanding withdrawal of the levy.
Trinamool Congress members walked out in protest against the tax on insurance premiums. A Trinamool Congress leader said the party will raise the issue in Parliament again on Monday.
The matter came to the fore after a letter to Finance Minister Nirmala Sitharaman by Road Transport and Highways Minister Nitin Gadkari seeking withdrawal of GST on the premiums. Gadkari wrote that the levy amounts to taxing the uncertainties of life and restricts growth of the sector.
Today, West Bengal Chief Minister Mamata Banerjee also wrote to the finance minister seeking withdrawal of GST on life and health insurance premiums. She also requested Sitharaman to allow deductions on such premiums under sections 80C and 80D of the Income Tax Act in the new tax regime.
The Lower House today discussed the Demand for Grants of the Ministry of Health and Family Welfare for 2024-25 (Apr-Mar). Samajwadi Party member Lalji Verma expressed disappointment at the finance minister failing to add health to the nine priorities of the Budget for 2024-25. He said the outlay for health in the previous year was 1.91%, which had dropped to 1.81%.
In the Rajya Sabha, Agriculture Minister Shivraj Singh Chouhan said the government is committed to the welfare of farmers and will continue to provide subsidised fertiliser to them. He was replying to a discussion on the workings of his ministry.
Chouhan also criticised the Congress and said that being ‘anti-farmer’ is in the party's DNA. End
Reported by Kuldeep Singh
Edited by Rajeev Pai
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