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GST Council addresses disaster levy, clarifies tax exemptions, and revises ITC norms, while deferring insurance premium GST cut and key rate rationalisation decisions

GST council meeting

Bihar's Deputy Chief Minister Samrat Chaudhary said another meeting of the GoM is scheduled for January before the proposal is reintroduced to the GST Council

A parliamentary panel has pulled up the Ministry of Electronics and IT for surrendering more than half the funds allocated for semiconductor and display manufacturing projects in 2023-24, according to a report tabled in the Lok Sabha on Wednesday.
The Standing Committee on Communications and IT in the fourth report on demand for grants observed gradual decrease in allocation of funds from Budget Estimate (BE) 2021-22 to BE 2024-25 for Digital India Programme as well as underutilisation by the ministry over the years.
The report said under Modified Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India, during FY24, of the total allocation of Rs 1,503.36 crore the actual expenses as on March 31, 2024 indicates that the ministry could spend only Rs 681.11 crore, "surrendering a staggering 55 per cent of the allotted fund".
"Surrendering of funds beyond 50 per cent allocated reflects improper planning by the ministry. The committee may be apprised of t

Parliament, New Parliament, Lok sabha, Rajya sabha

The Trump administration has earmarked clearly three areas on the basis of which it will determine trade negotiations. One clearly is to look at ways to reducing its trade deficit with some countries

trade deficit

As part of its ongoing efforts to combat cybercrime, the government has blocked over 6.69 lakh SIM cards and 1,32,000 IMEI numbers till November 15, 2024.
Responding to a question in the Rajya Sabha, Minister of State for Women and Child Development Savitri Thakur said this initiative is part of a broader strategy to tackle cybercrime, with a focus on improving the capabilities of law enforcement agencies (LEAs) and judicial officers.
In a related development, the Ministry of Home Affairs has launched the 'CyTrain' platform, an online Massive Open Online Course (MOOC) aimed at building the capacity of police and judicial officers. The platform, developed under the Indian Cyber Crime Coordination Centre (I4C), offers courses on cyber-crime investigation, forensics, and prosecution.
To date, more than 98,698 police officers from various states and Union Territories (UTs) have registered on the platform, with over 75,591 certificates issued.
The government has also provided Rs 131.60 

cybercrimes

Dhaka has been behind on payments to Adani Power since supply started in July 2023

Adani group

Prime Minister Narendra Modi on Wednesday condoled the loss of lives in a boat accident off the Mumbai coast and announced an ex-gratia of Rs 2 lakh for the next of kin of each deceased.
Thirteen persons died and 99 others were rescued after a Navy craft crashed into a ferry off the Mumbai coast on Wednesday, the Navy said.
At about 4 pm, a Navy craft undergoing engine trials lost control and collided with passenger ferry Neel Kamal off Karanja near Mumbai, the Navy said in a statement. The ferry was carrying passengers from the Gateway of India to Elephanta Island, a popular tourist destination.
"The boat mishap in Mumbai is saddening. Condolences to the bereaved families. I pray that the injured recover soon. Those affected are being assisted by the authorities," Modi was quoted as saying by his office in a post on X.
"The Prime Minister has announced an ex-gratia of Rs 2 lakh from PMNRF for the next of kin of each deceased in the boat mishap in Mumbai. The injured would be given

Modi, Narendra Modi

AAP leader Manish Sisodia on Saturday announced an internship named after him, aimed at providing city's youths with hands-on experience in leadership, public engagement, and election campaigns.
According to a statement, 'Internship with Manish Sisodia' offers college students and young professionals an opportunity to work closely with his team during the upcoming Delhi Assembly election.
"If you are interested in leadership and want to understand how leaders think, work, and run election campaigns, this program is for you," Sisodia said, according to the statement.
"It will provide insight into how public issues are addressed, teams are built, and meaningful dialogue with citizens is conducted. I welcome the youth of Delhi to join my election class and work alongside me during this campaign," he added.
The internship will be effective from the date of shortlisting until February 28, 2025, or the end of the Delhi Assembly elections 2025, whichever is earlier, the statement said.
T

Manish Sisodia

Aam Aadmi Party leaders in Delhi, including Chief Minister Atishi, on Saturday rejected claims that Lieutenant Governor V K Saxena has granted sanction to the Enforcement Directorate to prosecute party supremo Arvind Kejriwal in the alleged excise policy scam.
While no formal reaction was immediately available from the lieutenant governor's (LG) office on the issue, sources in the Enforcement Directorate (ED) said it is yet to receive the sanction to prosecute Kejriwal in the excise policy case linked to money laundering.
"Reports of ED getting prosecution sanction (against Kejriwal) are false. Had the LG granted prosecution sanction, why isn't the ED showing its copy," senior AAP leader Manish Sisodia, who was also an accused in the excise policy case, asked in a statement.
This is nothing but an attempt to divert attention from the "disrespect" shown by the BJP to Babasaheb Ambedkar, Sisodia alleged.
Atishi claimed reports about LG granting prosecution sanction are being spread .

Kejriwal

Uttarakhand reported the highest number of forest fires this season, with incidents rising fourfold, according to government data.
Himachal Pradesh witnessed a 14-fold increase in forest fires compared to the previous season.
The India State of Forest Report (ISFR) - 2023, released on Saturday, showed that Uttarakhand recorded 5,351 forest fires in the last season (November 2022 to June 2023), ranking 13th among all states.
This season, the number surged to 21,033, making it the state with the most forest fires.
Himachal Pradesh, which recorded only 704 forest fires last season, saw the number rise sharply to 10,136 this season.
Odisha, which recorded 20,973 incidents this season against 33,461 last season, ranked second, followed by Chhattisgarh (18,950), Andhra Pradesh (18,174), Maharashtra (16,008), Madhya Pradesh (15,878) and Telangana (13,479).
Union Environment Minister Bhupender Yadav, who released the report, said forest fires were the biggest problem confronting his ...

fire, forest fire, shimla forest fire, shimla fire

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Former Delhi education minister launches 'Internship with Manish Sisodia'

AAP rejects claims of LG granting sanction to ED to prosecute Kejriwal

Uttarakhand, Himachal Pradesh record sharp rise in forest fires: ISFR

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News updates: GST Council has deferred decisions on tax rates on food delivery platforms, says FM

55th GST Council takes key decisions, defers rate cuts on insurance premium

GST Council defers decision to reduce tax on health, life insurance

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