We are discussing that many decisions which have been deferred but one clarity coming in from the finance minister that there is going to be no GST on penal charges if you talk about banks and NBFCs. Do you think much needed clarification has come?
Ashvin Parekh: Yes, I mean that was awaited for a while now, so that has really come about. So, the penal part has been removed which is a very positive thing to my mind. The only disappointment if you ask me was the GST on the health insurance.
I mean one thought that between IRDAI and the Ministry of Finance there was enough that was provided to the Ministry of Finance and therefore it could have been given to the group of ministers.
But that comes as a bit of a disappointment, I must admit. That is true with even life insurance for that matter.
