Sabka Vishwas legacy dispute scheme may not add much to govt coffers

tax cut

With the objective of ease of doing business and in line with recent Goods and Services Tax (GST) council recommendations, various proposals have been introduced under GST

Union Budget 2024-25: Propelling India's evolution into 'Viksit Bharat'

Business Standard

budget

Budget 2023: This budget may galvanize an effective AI ecosystem necessary to nurture buoyancy in GST revenues and improve taxpayer morale and trust in the system

Budget 2023 a roadmap for resurgent India; aims to get fiscal house in order

tax, input tax, gst

Regardless of whether it is incurred for employees or social causes, Input Tax Credit (ITC) being the backbone of GST is a major matter of concern for taxpayers incurring COVID-19 related expenditure

The ITC tangle on Covid-19 related expenses

The assets under management (AUM) of the National Payment System are expected to touch Rs 15-lakh crore by the end of current fiscal year, Pension Fund Regulatory Development Authority Chairman Deepak Mohanty said on Saturday.
At a media interaction following the official launch of the Association of NPS Intermediaries, Mohanty also said the take up rate by the employees in the corporate sector remains a challenge.
This Association of NPS comprises stakeholders including pension fund managers, points of presence (bank and non-bank), central record keeping agencies, trustee banks, custodians, aggregators, annuity service providers, pension agents, retirement advisors, and other industry participants.
The association aims to represent the interests of all intermediaries in the NPS ecosystem, promote NPS as a reliable, flexible, and tax-efficient retirement product, focus on subscriber welfare by ensuring smooth and transparent processes within the system and also to collaborate with .

NPS, Pension

New Delhi [India], December 21: Odisha-origin entrepreneur Arun Kar, now a British innovator, has achieved global recognition for his company Xpertnest. Known for sustainability and technology solutions, Xpertnest recently raised $1 million in a pre-Series A funding round and injected the first tranche into BharatEarns, India's pioneering embedded finance platform. Arun Kar's focus on creating impactful solutions has made BharatEarns a prime beneficiary of this investment.

Xpertnest\'s $1 Million Investment Fuels BharatEarns\' Growth in India\'s Financial Ecosystem

New Delhi [India], December 21: In a move designed to support healthcare practices in maintaining their autonomy and ensuring financial sustainability, IKS Health, a provider of care enablement platforms, announced a new partnership with Western Washington Medical Group, a prominent multi-specialty healthcare organization in Washington State. This collaboration aims to streamline revenue cycle related processes, enabling the medical group to focus more on patient care while reducing administrative burdens and improving operational efficiency.

Western Washington Medical Group Partners with Inventurus Knowledge Solutions Limited to Enhance Revenue Cycle Operations and Patient Access

Raipur (Chhattisgarh) [India], December 21: India is witnessing a boom in start-ups, with many focusing on creating eco-friendly products that prioritise environmental conservation. Among these is Raipur-based start-up Gift Kya De (GKD), a rare manufacturing company that has carved a niche for itself nationwide through its innovative approach and dedicated efforts. By producing Make-in-India products, GKD is playing a crucial role in promoting local manufacturing and self-reliance.


Eco-Friendly Gifting Revolution: \'Gift Kya De\' Among 54 Start-ups Selected for Amazon Propel Season 4 from 900+ D2C Brands Across India

New Delhi [India], December 21:  Jagadguru Kripalu Parishat (JKP) announces that the Asia Pacific Vascular Society (APVS), the largest body of cardiovascular specialists in Southeast Asia, has posthumously honored Dr. Vishakha Tripathi Ji with the Lifetime Achievement Award in recognition of her extraordinary contributions to humanity. The award was presented by Professor Dr. NN Khanna, President of APVS, who lauded Dr. Tripathi Ji's lifelong dedication to compassion, philanthropy, and selfless service. Padma Bhushan Dr Prof M Khallilulah who is the father figure of Interventional Cardiology in India was the Chief Guest.

Lifetime Achievement Award Posthumously Bestowed Upon Dr. Vishakha Tripathi Ji for Her Outstanding Service to Humanity

RBI stated that while it has directed banks not to charge excessive rates of interest, it does not directly regulate the rates charged by banks

Supreme Court, SC

The government on Friday announced an increase in the minimum support price (MSP) for copra by up to Rs 420 to Rs 12,100 per quintal for 2025 with a budget outlay of Rs 855 crore.
A decision in this regard was taken by the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.
The MSP for 'milling copra' has been increased by Rs 420 to Rs 11,582 per quintal, while for 'ball copra' by Rs 100 to Rs 12,100 per quintal for 2025, Information and Broadcasting Minister Ashwini Vaishnaw told reporters.
The total financial implication would be Rs 855 crore.
Cooperative agencies Nafed and NCCF will be the central nodal agencies for the procurement of copra, he added.

Ashwini Vaishnaw, Ashwini, Vaishnaw

December marked the second policy review meeting for the external members, who have a fixed four-year term

Inflation, Vegetables, Fruits, Budget 2024

They also support a rate cut to avoid the risk of sharp currency appreciation if India does not normalise interest rates when most other global central banks have already embarked on an easing cycle

RBI, Reserve Bank of India

The reserves stood at $655 billion in the week ended December 6, having declined by $3.2 billion during that week

The country's foreign exchange reserves have risen by $311 billion since December 2018, when the tenure of Reserve Bank of India (RBI) Governor Shaktikanta Das began. This represents the largest forex jump under any governor to date. India now has th

The Healthcare Federation of India reports that over 50 per cent of aspirational districts identified by NITI Aayog, which lack essential infrastructure, are served by diagnostic chains

Demand for diagnostic testing is rising rapidly from smaller towns pushing the organised diagnostic services players to focus on penetrating deeper into these markets.

Devank has made Patna Pirates strong contenders to win the season despite a slow start with his aggressive yet successful raiding

Devank Dalal

Infrastructure status and easing taxation have been a long-standing demand of the sector

Indian hotel, hotel

With a catalogue of over 12 million parts, myTVS will initially establish 50 "dark stores" branded as myTVS Hypermart by March 2025 in Tamil Nadu, Kerala, Maharashtra, and Gujarat

G Srinivasa Raghavan, managing director of myTVS

Sebi's investigation revealed that YouTuber Ravindra Balu Bharti and his company targeted novice investors by providing unregistered investment advice, trade recommendations, and execution services

SEBI

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

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

Adani group

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

Mumbai ferry accident: An FIR was filed at the Colaba police station in south Mumbai under relevant sections of Bharatiya Nyaya Sanhita (BNS) against the Navy speedboat driver

Capsize, Mumbai Capsize, Boat Capsize

Fugitive liquor baron Vijay Mallya questions excess recovery claims, seeks relief from authorities

Indian businessman Vijay Mallya leaves the Royal Courts of Justice in London, Britain February 11, 2020. (REUTERS/File Photo)

Karan Kakkar

Karan Kakkar

Karan Kakkar

Union Budget 2024-25: Propelling India's evolution into 'Viksit Bharat'

Budget 2023 a roadmap for resurgent India; aims to get fiscal house in order

The ITC tangle on Covid-19 related expenses

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NPS' assets under management to touch Rs 15 trn by FY end: PFRDA Chairman

Xpertnest's $1 Million Investment Fuels BharatEarns' Growth in India's Financial Ecosystem

Western Washington Medical Group Partners with Inventurus Knowledge Solutions Limited to Enhance Revenue Cycle Operations and Patient Access

Eco-Friendly Gifting Revolution: 'Gift Kya De' Among 54 Start-ups Selected for Amazon Propel Season 4 from 900+ D2C Brands Across India

Lifetime Achievement Award Posthumously Bestowed Upon Dr. Vishakha Tripathi Ji for Her Outstanding Service to Humanity

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Supreme Court removes 30% interest cap on late credit card bill payments

Cabinet hikes copra MSP by upto Rs 420 to Rs 12,100 per quintal for 2025

Policy rates have limited impact on food prices: MPC external members

MPC minutes: External members back rate cut, say inflation hampering growth

India's foreign exchange reserves decline by $1.9 bn to almost 6 month low