Hours to go before a midnight government shutdown, the House approved a new plan late Friday from Speaker Mike Johnson that would temporarily fund federal operations and disaster aid, but drops President-elect Donald Trump's demands for a debt limit increase into the new year.
Johnson insisted Congress would "meet our obligations" and not allow federal operations to shutter ahead of the Christmas holiday season. But the day's outcome was uncertain after Trump doubled down on his insistence that a debt ceiling increase be included in any deal -- if not, he said in an early morning post, let the closures "start now".
The bill was approved 366-34, and now goes to the Senate, for expected quick passage.
"We are excited about this outcome," Johnson said afterward, adding he had spoken with Trump and the president-elect "was certainly happy about this outcome, as well".
It was the third attempt from Johnson, the beleaguered House speaker, to achieve one of the basic requirements of the .

US Congress

The Union Minister of State for Health and Family Welfare, Prataprao Jadhav stated this in a written reply in the Lok Sabha on Friday

Ayushman Bharat , PMJAY

Here are the best of Business Standard's opinion pieces for today

Illustration: Binay Sinha

Transport Corporation of India on Thursday said its lab set up in collaboration with IIM, Bangalore, has received ISO certification for a digital tool that can track greenhouse gas emissions.
The TCI-IIMB Supply Chain Sustainability Lab at the Indian Institute of Management Bangalore (IIMB), founded in collaboration with TCI, has become the first organisation in India to achieve ISO 14083 certification for its groundbreaking digital platform, the Transportation Emissions Measurement Tool (TEMT), it said in a release.
"This certification underscores the platform's ability to accurately quantify and report greenhouse gas (GHG) emissions from freight transportation activities, helping organisations to measure, manage, and ultimately reduce their transportation-related emissions in line with regulatory requirements and sustainability goals," TCI said.
(TEMT) is a comprehensive online platform designed to measure emissions across all modes of transportation.
In India, the transportation

carbon emissions, pollution

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, but a decision on big-ticket rate rationalisation, including a higher tax on sin goods, may be deferred.
The GoM on GST rate rationalisation had proposed rate rejigs in 148 items in its recommendations, but sources said that consensus is needed to be built on some of the tax changes that the panel has suggested and some more time may be needed for that.
The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is also likely to deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
The GST rate is also proposed to be cut on food delivery platforms like Swiggy and Zomato, to 5 per cent (without input tax credit), from the current 18 per cent (with ITC).
However, the Fitment Committee (comprising tax

GST Council likely to address retro tax on online gaming

Markets Crash Today: Broader markets fell more than the benchmarks, with the Nifty Midcap100 and Nifty Smallcap100 indices ending lower by 2.82 per cent and 2.19 per cent, respectively

Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE

Latest news updates: Catch the latest news developments here

election

RIL hit a 52-week low of Rs 1,210.15 on the BSE has declined 24 per cent from its record high level of Rs 1,608.95 (adjusted to bonus) touched on July 8, 2024.

RIL, Reliance, Reliance Industries

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

Market crash today: The BSE Sensex tanked 4,088 points and touched the week's low at 77,973, similarly, Nifty fell 1189 points to the week's low at 23,565

Stock Market, Market, Crash, Funds, up, Stock, Lost, decline, statistic, Crisis, Capital, BSE, NSE, Wolf

Asserting that sports is a powerful tool for positive change and has always served as a bridge to connect people of different cultures, LG Manoj Sinha on Tuesday said that Jammu and Kashmir is emerging as a hub of national and international sporting events.
The LG addressed the Prof Chaman Lal Gupta Khel Ratna Award 2024 ceremony and felicitated the recipients of the prestigious sports award. He also paid tributes to former union minister Gupta on his anniversary.
Sinha said the rapid development J-K has witnessed in the last few years is our tribute to Prof Gupta.
Sports is a powerful tool for positive change and has always served as a bridge to connect people of different cultures", he said while addressing the function.
"Today, J-K is emerging as a hub of national and international sporting events. Our renewed thrust on state-of-the-art sports infrastructure and allied facilities and nurturing young talent have revolutionised the sports sector of J-K, he said.
The Lieutenant ..

Manoj Sinha, Manoj

A judge has granted permission to lawyers for Derek Chauvin to have samples from George Floyd examined as part of the former Minneapolis police officer's efforts to challenge his conviction on a federal civil rights charge stemming from Floyd's death in 2020.
US District Judge Paul Magnuson agreed in an order Monday to let the defence examine Floyd's heart tissue and fluid samples to test a theory that Floyd died of a heart condition aggravated by a rare tumour, not  as prosecutors contend  from asphyxiation caused by the white officer pressing his knee on the Black man's neck for 9 1/2 minutes despite Floyd's dying cries of, I can't breathe.
Floyd's death touched off protests worldwide, some of which turned violent, and forced a national reckoning with police brutality and racism.
Chauvin was convicted in state court on murder charges in 2021 and pleaded guilty later that year in federal court to violating Floyd's civil rights. His federal defender for his appeal attempt, Robert ..

Black Lives Matter, George Floyd

Indian markets took a sharp hit in the previous session as foreign portfolio investors (FPIs) turned wary ahead of the Fed's policy outcome

Media Majors, stock market, share market, stock trading

The cyclone - the worst to hit the territory of just over 300,000 in at least 90 years - flattened neighbourhoods, knocked out electrical grids, crushed hospitals and schools

Emmanuel Macron, French President, France

The U.S. government will pay nearly USD 116 million to resolve lawsuits brought by more than 100 women who say they were abused or mistreated at a now-shuttered federal prison in California that was known as the rape club because of rampant staff-on-inmate sexual misconduct.
Under settlements approved Tuesday, the Justice Department will pay an average of about USD 1.1 million to each of 103 women who filed individual lawsuits against the Bureau of Prisons over their treatment at the Federal Correctional Institution in Dublin, California.
The settlement follows one in a separate class-action last week in which the Bureau of Prisons agreed to open some of its facilities to a court-appointed monitor and publicly acknowledge pervasive abuse and retaliation at FCI Dublin.
We were sentenced to prison, we were not sentenced to be assaulted and abused, lawsuit plaintiff and former Dublin prisoner Aimee Chavira said.
I hope this settlement will help survivors, like me, as they begin to hea

Prison, Justice, Punishment, Criminal, Law, Arrest, Cage, Jail

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)

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

Netflix has bought the OTT rights of Pushpa 2 and will release the movie in multiple languages-Telugu, Tamil, Malayalam, Kannada, and Hindi

Pushpa 2

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

Launched in collaboration with Visa, the HSBC Taj metal co-branded credit card is specially curated for those who appreciate finer life experiences and services and are seeking unparalleled luxury

Tata Group’s hospitality arm and Taj Hotels’ parent company Indian Hotels Company (IHCL) on Tuesday set a target to grow consolidated revenue 2x to Rs 15,000 crore and double the portfolio of hotels to over 700 by 2030.

Tata Group's hospitality arm and Taj Hotels' parent company Indian Hotels Company (IHCL) on Tuesday set a target to grow consolidated revenue 2x to Rs 15,000 crore and double the portfolio of hotels to over 700 by 2030.

Vivek Moorthy

Vivek Moorthy

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US Congress approves funding bill hours before govt shutdown deadline

36 cr beneficiaries verified under Ayushman Bharat PM-Jan Arogya Yojana

Best of BS Opinion: Political postures, national symbols and history

ISO certifies TCI-IIMB digital tool to track greenhouse gas emissions

GST Council to decide on insurance premium tax; major rate rejig unlikely

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