The GST Council is set to discuss the contentious issue of levying 18% GST on insurance products, with questions remaining on the final decision. Options include exempting pure term and health insurance from GST, as proposed by the fitment committee, or lowering the rates to address concerns. The meeting next week will determine the outcome of the debate on the taxation of insurance under GST.
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From intelligence sharing to tabletop exercises, Taiwan to deepen military exchange with US
Taiwan's defense ministry announced plans to enhance military cooperation with the United States, including intelligence sharing and joint tabletop exercises, amidst escalating military threats from China. The 2025 Quadrennial Defence Review highlighted Taiwan's intention to deepen military exchanges with the U.S. through strategic dialogues, drills observation, and intelligence collaboration. Emphasizing the strategic partnership with the U.S., Taiwan aims to advance strategic cooperation across various levels and fields to strengthen their defense capabilities. Full Article
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