Investors are likely to keep a close tab on insurance stocks, including LIC, SBI Life Insurance, HDFC Life Insurance, and ICICI Prudential, closely in Wednesday’s (September 10) session, as the CEOs of several insurance companies will reportedly meet with Finance Ministry officials on Wednesday to present their demand and discuss concerns regarding the recent changes in the GST rates.
According to media reports, insurance company CEOs had requested a meeting with the Finance Ministry and CBIC (Central Board of Indirect Taxes & Customs) officials ahead of the implementation of GST 2.0 from September 22.
According to a PTI report, CBIC chairman Sanjay Kumar Agarwal will meet various trade bodies and industries, including Assocham, FICCI, CII and PHDCCI, on September 10 to discuss the GST reforms, rate rationalisation and their implementation.
(This is a developing story. Please check back for fresh updates.)
