With the confusion prevailing over the effective GST rate on life insurance premium, accounts departments are refusing to allow the premium as eligible benefit under the LTC Scheme.
India's services activity expanded at the fastest rate in a year during February, while employment fell further and companies noted the sharpest rise in overall expenses, a monthly survey said on Wednesday.
In the last two weeks of February, the markets erased nearly 50% of the post-Budget gains after markets globally saw selling as the US treasury yields crossed 1.6% and touched a one-year high.