Monday, 23 December 2024

23 December 2024 News and Updates

23rd December 2K24

๐Ÿ“ Hotel room rates set to rise in 2025, driven by strong demand growth
๐Ÿ“ Nepal earns Rs 815 cr from electricity export to India in 5 months of FY25
๐Ÿ“ Over-reliance on imports hampers India's edible oil self-sufficiency plan
๐Ÿ“ Unsafe factories: A roadblock to India's manufacturing hub aspirations
๐Ÿ“ GST Council paves way for CGST Act amendments during Budget session
๐Ÿ“ Sterling and Wilson bags Rs 1,200 crore solar EPC order in Gujarat
๐Ÿ“ Amazon, Flipkart plan to invest $1 bn each to catch up in qcom market
๐Ÿ“ GST Council defers key decisions, tackles complexity of tax system
๐Ÿ“ Titan's Taneira looks to expand market share with focus on metro cities
๐Ÿ“ Healthcare, pharma sectors raise Rs 14,811 crore via IPOs in 2024
๐Ÿ“ NPPA sets retail prices for 65 drugs, revises ceiling for 20 formulations
๐Ÿ“ India, Kuwait sign four MoUs to strengthen cultural, defence cooperation
๐Ÿ“ Number of "active" companies in India climbs 54% in just five years
๐Ÿ“ I2U2 & IMEEC chart new course for global economic cooperation: Experts
๐Ÿ“ Punjab presents slew of demands to boost infra at pre-budget meeting with Sitharaman
๐Ÿ“ India has potential to be key sustainable aviation fuel producer, says IATA official
๐Ÿ“ VOC Port earmarks Rs 41,860 cr to position itself as Green Hydrogen hub of India
๐Ÿ“ Akasa Air expects to add a few more planes this fiscal
๐Ÿ“ India signs $350 million loan agreement with ADB to expand manufacturing sector
๐Ÿ“ Starbucks 'fully committed' to Indian market, says India JV Tata Starbucks
๐Ÿ“ Good opportunity in chip fabrication in India; in talks with manufacturers for lithography machines: Canon
๐Ÿ“ Govt to infuse ₹500 cr in IFCI to improve its financial health
๐Ÿ“ UP govt to launch new export policy to increase its share to 7.5%
๐Ÿ“ Crackdown on Private Equity in Health Care Flops in State Houses
๐Ÿ“ BSNL Launches FREE Intranet TV for Mobile in Puducherry
๐Ÿ“ CII seeks reforms in India's priority sector lending framework
๐Ÿ“ IOC probes allegation of US firm bribing its officers
๐Ÿ“ Leather exports likely to grow by over 12 pc to USD 5.3 bn this fiscal: CLE
๐Ÿ“ Over 2,600 corporates labeled wilful defaulters, owe ₹1.96 lakh crore: RBI
๐Ÿ“ India’s apex auto testing body looks to accelerate to the green lane
๐Ÿ“ China Property Flare-Ups Resurface as Crisis Enters Fifth Year.
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๐Ÿ”น Key Decisions Announced by FM

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

๐Ÿš Fortified Rice Kernels: GST reduced to 5%.

๐Ÿ’‰ Gene Therapy: Fully exempted from GST.

๐Ÿš€ Surface-to-Air Missiles: IGST exemption extended.

๐Ÿ“ฆ Compensation Cess: Reduced to 0.1% on supplies to merchant exporters.

๐Ÿ—️ AAC Blocks: 12% GST for blocks with 50% fly ash.

๐ŸŒถ️ Black Pepper & Raisins: No GST when supplied by agriculturalists.

๐Ÿ“ GST Registration Simplification: Concept note approved to ease GST registration for small companies.

๐Ÿ” Food Deliveries: No decision yet on GST; no speculation encouraged.

๐Ÿข Floor Space Index: No decision yet; it's under review for its impact on state revenues.

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

๐Ÿ›ก️ Insurance: Decision deferred due to pending input from insurance regulators. 
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๐Ÿ‘‰๐ŸปSEBI 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)
๐Ÿ‘‡๐Ÿป ๐Ÿ‘‡๐Ÿป ๐Ÿ‘‡๐Ÿป
https://shorturl.at/SGaBU
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