The Goods and Services Tax Council in its 55th meeting on Saturday took a slew of decisions to protect the poor
| | | The Goods and Services Tax Council in its 55th meeting on Saturday took a slew of decisions to protect the poor, including slashing the tax rate on fortified rice kernels, exempting GST on gene therapy, providing relief to farmers selling black pepper and resins. It, however, deferred several contentious issues such as tax rate rationalisation, GST on insurance premia and the fate of compensation cess post-March 2026. | THE DAILY QUIZ A director has received knighthood from King Charles III for his contributions to the film industry. A fitting Memento. The Prestige! His producer wife Emma Thomas has received damehood. Together they made a certain other Knight’s trilogy. Name the director. a. Ethan Coen
b. James Cameron
c. Christopher Nolan
d. Steven Spielberg TAKE THE FULL QUIZ | | THE BIG STORY GST council rejigs rates, defers call on insurance Informing about the deliberations and decisions of the one-day GST Council meeting held in Jaisalmer, Union finance minister Nirmala Sitharaman said the tax rate on fortified rice kernels has been reduced to 5% as it is supplied to the poor under the public distribution system (PDS). Similarly, gene therapy is now “totally” exempted from GST as it is one of key life-saving procedures, she said. Tax concession has also been given to inputs on food preparations “intended for free distribution” to the economically weaker section under the government programme subject to existing conditions, she said. GST is exempted on black pepper (fresh or dried) and resins if supplied by an agriculturist. Read more. | | THE BIG QUESTION Who is Taleb A, the suspect arrested for German Christmas market attack? A 50-year-old man intentionally drove into a Christmas market teeming with holiday shoppers, killing at least five people in Germany’s Magdeburg on Friday. Police arrested a Saudi doctor from the scene, identified the suspect as Taleb A by German media outlets. Describing himself as a former Muslim, the suspect shared dozens of posts daily focusing on anti-Islam themes, multiple news agencies reported. Read more. | STORIES YOU MAY HAVE MISSED | | | | PHOTO OF THE DAY A thousand blooms | | Were you forwarded this email? Did you stumble upon it online? Sign up here. | | Written and edited by Abhirup Sengupta. Produced by Md Shad Hasnain. | | | | | | | Get the Hindustan Times app and read premium stories | | | | | | View in Browser | Privacy Policy | Contact us You received this email because you signed up for HT Newsletters or because it is included in your subscription. Copyright © HT Digital Streams. All Rights Reserved | | | | |  | |
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