Monday, 23 December 2024

23 December 2024 News and Updates

23rd December 2K24

πŸ“ Hotel room rates set to rise in 2025, driven by strong demand growth
πŸ“ Nepal earns Rs 815 cr from electricity export to India in 5 months of FY25
πŸ“ Over-reliance on imports hampers India's edible oil self-sufficiency plan
πŸ“ Unsafe factories: A roadblock to India's manufacturing hub aspirations
πŸ“ GST Council paves way for CGST Act amendments during Budget session
πŸ“ Sterling and Wilson bags Rs 1,200 crore solar EPC order in Gujarat
πŸ“ Amazon, Flipkart plan to invest $1 bn each to catch up in qcom market
πŸ“ GST Council defers key decisions, tackles complexity of tax system
πŸ“ Titan's Taneira looks to expand market share with focus on metro cities
πŸ“ Healthcare, pharma sectors raise Rs 14,811 crore via IPOs in 2024
πŸ“ NPPA sets retail prices for 65 drugs, revises ceiling for 20 formulations
πŸ“ India, Kuwait sign four MoUs to strengthen cultural, defence cooperation
πŸ“ Number of "active" companies in India climbs 54% in just five years
πŸ“ I2U2 & IMEEC chart new course for global economic cooperation: Experts
πŸ“ Punjab presents slew of demands to boost infra at pre-budget meeting with Sitharaman
πŸ“ India has potential to be key sustainable aviation fuel producer, says IATA official
πŸ“ VOC Port earmarks Rs 41,860 cr to position itself as Green Hydrogen hub of India
πŸ“ Akasa Air expects to add a few more planes this fiscal
πŸ“ India signs $350 million loan agreement with ADB to expand manufacturing sector
πŸ“ Starbucks 'fully committed' to Indian market, says India JV Tata Starbucks
πŸ“ Good opportunity in chip fabrication in India; in talks with manufacturers for lithography machines: Canon
πŸ“ Govt to infuse ₹500 cr in IFCI to improve its financial health
πŸ“ UP govt to launch new export policy to increase its share to 7.5%
πŸ“ Crackdown on Private Equity in Health Care Flops in State Houses
πŸ“ BSNL Launches FREE Intranet TV for Mobile in Puducherry
πŸ“ CII seeks reforms in India's priority sector lending framework
πŸ“ IOC probes allegation of US firm bribing its officers
πŸ“ Leather exports likely to grow by over 12 pc to USD 5.3 bn this fiscal: CLE
πŸ“ Over 2,600 corporates labeled wilful defaulters, owe ₹1.96 lakh crore: RBI
πŸ“ India’s apex auto testing body looks to accelerate to the green lane
πŸ“ China Property Flare-Ups Resurface as Crisis Enters Fifth Year.
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πŸ”Ή 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%.

πŸ’‰ Gene Therapy: Fully exempted from GST.

πŸš€ Surface-to-Air Missiles: IGST exemption extended.

πŸ“¦ Compensation Cess: Reduced to 0.1% on supplies to merchant exporters.

πŸ—️ AAC Blocks: 12% GST for blocks with 50% fly ash.

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

πŸ“ GST Registration Simplification: Concept note approved to ease GST registration for small companies.

πŸ” 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.

πŸ›‘️ Insurance: Decision deferred due to pending input from insurance regulators. 
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πŸ‘‰πŸ»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)
πŸ‘‡πŸ» πŸ‘‡πŸ» πŸ‘‡πŸ»
https://shorturl.at/SGaBU
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πŸ“² Download my Android app "Updates by CARJ" πŸ“š to stay connected with latest news and updates πŸ“

https://carohitjaiswal.blogspot.com/p/update-android-app.html?m=0

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