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

After two weeks of buying, FPIs turned net sellers in Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.
Foreign Portfolio Investors (FPIs) began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions (December 16-20).
However, the trend reversed in the latter half of the week, with FPIs offloading equities worth over Rs 4,102 crore in the subsequent three sessions. This resulted in an overall net outflow of Rs 976 crore during the week, data from National Securities Depository Limited showed.
Despite this short-term reversal, the broader December trend remains positive. FPIs have infused Rs 21,789 crore into Indian equities so far this month, reflecting continued confidence in India's economic growth potential and its resilient markets.
FPIs adopted a cautious approach due to the US Fed meeting and uncertainty about 

Foreign portfolio investor exodus: Financial sector bears the brunt, FPI

Fundraising via IPOs in India hit another landmark as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record Rs 1.6 lakh crore in 2024, while the pipeline for the next year holds out bigger promise.
This exceptional year not only reflected the confidence of issuers but also highlighted investors' eagerness to seize listing-day gains or back companies with strong long-term growth potential.
The year was marked by Hyundai Motor India's historic IPO, the largest in the country's history, which raised Rs 27,870 crore.
Companies of varying market capitalisations -- large, mid, and small -- tapped into the IPO route in 2024, with the average issue size rising significantly from Rs 867 crore in 2023 to over Rs 1,700 crore in 2024.
The exceptional vibrancy of the IPO market was evident, with December alone seeing at least 15 launches.
"Rising retail participation, strong domestic inflows and active participation by FPIs (

ipo market listing share market

The government on Thursday said 102 aircraft are on the ground due to supply chain issues and that it has been encouraging development of the ecosystem for manufacturing of planes by public as well as private enterprises in the country.
Supply chain woes have been impacting the airlines' industry in recent years, especially after the coronavirus pandemic and due to certain geopolitical developments.
In a written reply to the Lok Sabha, Minister of State for Civil Aviation Murlidhar Mohol said aircraft operating in India are periodically inspected for compliance with Directorate General of Civil Aviation (DGCA) regulations.
The aircraft can also be withdrawn by the airline from flying when the spare parts and consumables to maintain the aircraft are not available from Original Equipment Manufacturer (OEM) & manufacturer to keep it airworthy.
"There are total 822 aircraft registered under Scheduled Air Transport Service out of which 105 aircraft are Aircraft on Ground (AOG) due to ..

Boeing, Boeing 737 Max 8, Aircraft

The Navy said Search and Rescue (SAR) efforts had continued through the night of December 18 - 19 in the vicinity of the accident. Two persons from the ferry are still reported to be missing

Mumbai ferry collision

Distributors will no longer benefit from higher commissions for switching existing investments to NFOs

SEBI

Congress calls FIR against Rahul Gandhi over Parliament scuffle a 'badge of honour', alleging BJP's vendetta and diversionary tactics to counter his protest against Amit Shah's Ambedkar remarks

Rahul Gandhi, Rahul, congress leader

The latest Economic Survey said, India has to find the right balance between importing goods from China and importing capital (FDI) from China

How policymakers are split over attracting Chinese investment into India

The Banning of Unregulated Lending Activities Bill calls for the CBI to handle probes in cases spanning multiple states or UTs

The Centre, in collaboration with states, has proposed to classify unregulated lending as a cognizable and non-bailable offence, with penalties including imprisonment of up to 10 years. The finance ministry has invited feedback by February 13 from st

Telugu cinema star Allu Arjun on Sunday appealed to his fans to not resort to any kind of abusive language or behaviour, both online and offline,
amid fresh allegations against him in the Sandhya Theatre stampede case.
A 35-year-old woman died and her eight-year-old son was injured on December 4 during a stampede-like situation at the cinema hall in Hyderabad when thousands of fans jostled to have a glimpse of the actor at the premiere of his recent release "Pushpa 2: The Rule".
Telangana Chief Minister A Revanth Reddy on Saturday alleged that Arjun visited the theatre during the film's screening despite police permission being denied, a charge that the actor denied.
On Sunday, Arjun shared a word of caution for his fans on social media.
"I appeal to all my fans to express their feelings responsibly, as always and not resort to any kind of abusive language or behavior both online and offline," he said in a statement posted on X.
"Misrepresenting as my fans with fake IDs and fake

Allu Arjun

The National Conference on Sunday ruled out joining the BJP-led NDA and dismissed as baseless a media report in this regard.
This news being peddled by certain so-called journalists is nothing but a blatant lie, driven by malicious intent to mislead the people of Jammu and Kashmir, National Conference chief spokesperson Tanvir Sadiq said.
He was reacting to a report published in a newspaper that claimed Jammu and Kashmir's ruling party might be preparing grounds for a return to the BJP-led National Democratic Alliance (NDA) in exchange for the Union Territory's statehood.
"It is disgraceful and irresponsible for anyone to spread such baseless rumours... Let me challenge the individual behind this fabrication: name the so-called 'top BJP leadership' that Omar Abdullah alleged to have met, or immediately retract your claim and issue a public apology," he said in a post on X.
Sadiq also said Abdullah's meeting with Union Home Minister Amit Shah in Delhi was held in full public view.


BJP Flag, BJP

Bahujan Samaj Party chief Mayawati on Sunday questioned the sincerity of the Congress' protests over the alleged "disrespect" to B R Ambedkar in Parliament, saying the party that ignored and undermined his struggle for the country is engaged in "politics of pure deception and selfishness".
She also hit out at the BJP, alleging the ruling party and the Congress are cut from the same cloth when it comes to taking Ambedkar's name for vote bank politics.
"In reality, saints, gurus and great men born in the Bahujan Samaj including Baba Saheb got full respect and honour only when there was a BSP government, which these casteist parties cannot digest," the former Uttar Pradesh chief minister said in a series of posts on X.
After the showdown inside and outside parliament during the winter session, the Congress has said it will hold protest marches against Union Home Minister Amit Shah, whom it has accused of "insulting" Ambedkar with his remarks last Tuesday, and observe a weeklong campaig

Mayawati

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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Express responsibly, avoid abusive language, behaviour: Allu Arjun to fans

Baseless report: National Conference rules out joining BJP-led NDA

Cong doing politics of deception over 'disrespect' to Ambedkar: Mayawati

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

FPIs pull out Rs 976 crore from Indian equities amid rising dollar

IPO boom: Record Rs 1.6 trn raised in 2024; bigger gains expected in 2025

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