
The concept of “save today for the needy days,” has been practiced since the evolution of mankind for storing, food grains, water, fossil fuels, to name a few items. Generation has been a witness to the conceptual changes where as the ideology has remained more or less unchanged. Today, the art of financial savings and investment has given rise to a new profession, Financial Planner cum Advisor, to impart professional advice, planning and monitoring of individuals portfolio.
A proposal has been made to exempt premiums for life and health insurance from Goods and Services Tax (GST), a move that could bring down costs and boost insurance penetration.
Financial Express 29/07/2025
The move comes in response to grievances received by the Centralized Processing Centre (CPC) in Bengaluru, which highlighted that returns from various assessment years were wrongly invalidated due to system glitches.