Tax On Life's Uncertainties: Nitin Gadkari's Letter To Nirmala Sitharaman

Amid Budget 2024 criticism, Union Minister Nitin Gadkari has urged Finance Minister Nirmala Sitharaman to withdraw the 18% GST on life and medical insurance premiums. In a letter, prompted by a memorandum from the Nagpur Divisional Life Insurance Corporation Employees Union, Gadkari argues that taxing life insurance premiums is equivalent to taxing life's uncertainties. He highlights that the high GST on medical insurance premiums deters growth in this essential sector, calling for its removal.