23 December 2024 News and Updates

23rd December 2K24

📝 Hotel room rates set to rise in 2025, driven by strong demand growth

📝 Nepal earns Rs 815 cr from electricity export to India in 5 months of FY25

📝 Over-reliance on imports hampers India's edible oil self-sufficiency plan

📝 Unsafe factories: A roadblock to India's manufacturing hub aspirations

📝 GST Council paves way for CGST Act amendments during Budget session

📝 Sterling and Wilson bags Rs 1,200 crore solar EPC order in Gujarat

📝 Amazon, Flipkart plan to invest $1 bn each to catch up in qcom market

📝 GST Council defers key decisions, tackles complexity of tax system

📝 Titan's Taneira looks to expand market share with focus on metro cities

📝 Healthcare, pharma sectors raise Rs 14,811 crore via IPOs in 2024

📝 NPPA sets retail prices for 65 drugs, revises ceiling for 20 formulations

📝 India, Kuwait sign four MoUs to strengthen cultural, defence cooperation

📝 Number of "active" companies in India climbs 54% in just five years

📝 I2U2 & IMEEC chart new course for global economic cooperation: Experts

📝 Punjab presents slew of demands to boost infra at pre-budget meeting with Sitharaman

📝 India has potential to be key sustainable aviation fuel producer, says IATA official

📝 VOC Port earmarks Rs 41,860 cr to position itself as Green Hydrogen hub of India

📝 Akasa Air expects to add a few more planes this fiscal

📝 India signs $350 million loan agreement with ADB to expand manufacturing sector

📝 Starbucks 'fully committed' to Indian market, says India JV Tata Starbucks

📝 Good opportunity in chip fabrication in India; in talks with manufacturers for lithography machines: Canon

📝 Govt to infuse ₹500 cr in IFCI to improve its financial health

📝 UP govt to launch new export policy to increase its share to 7.5%

📝 Crackdown on Private Equity in Health Care Flops in State Houses

📝 BSNL Launches FREE Intranet TV for Mobile in Puducherry

📝 CII seeks reforms in India's priority sector lending framework

📝 IOC probes allegation of US firm bribing its officers

📝 Leather exports likely to grow by over 12 pc to USD 5.3 bn this fiscal: CLE

📝 Over 2,600 corporates labeled wilful defaulters, owe ₹1.96 lakh crore: RBI

📝 India’s apex auto testing body looks to accelerate to the green lane

📝 China Property Flare-Ups Resurface as Crisis Enters Fifth Year.

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🔹 Key Decisions Announced by FM

Following the 55th GST Council Meeting, FM Nirmala Sitharaman shared key decisions. Here's a quick summary:

🍚 Fortified Rice Kernels: GST reduced to 5%.

💉 Gene Therapy: Fully exempted from GST.

🚀 Surface-to-Air Missiles: IGST exemption extended.

📦 Compensation Cess: Reduced to 0.1% on supplies to merchant exporters.

🏗️ AAC Blocks: 12% GST for blocks with 50% fly ash.

🌶️ Black Pepper & Raisins: No GST when supplied by agriculturalists.

📝 GST Registration Simplification: Concept note approved to ease GST registration for small companies.

🍔 Food Deliveries: No decision yet on GST; no speculation encouraged.

🏢 Floor Space Index: No decision yet; it's under review for its impact on state revenues.

✈️ ATF under GST: No change; no GoM appointed.

🛡️ Insurance: Decision deferred due to pending input from insurance regulators. 

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👉🏻SEBI sets new benchmarks with comprehensive norms for Secretarial Auditors.

(With this SEBI move, the entire process of obtaining shareholders’ nod for appointment as Secretarial Auditor at an annual general meeting will be on a par with statutory financial auditors)

👇🏻 👇🏻 👇🏻

https://shorturl.at/SGaBU

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