CATEGORIES

CBIC breaks down GST structure for vouchers
Business Standard

CBIC breaks down GST structure for vouchers

Vouchers until redeemed won't be construed as supply of goods or services

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2 mins  |
January 02, 2025
Business Standard

MSMEs seek exemption from audits for firms below ₹5 crore turnover

Industry bodies representing micro, small, and medium enterprises (MSMEs) have asked the government to exempt MSMEs with turnovers below ₹5 crore from unnecessary audits and inspections unless major discrepancies are detected.

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2 mins  |
January 02, 2025
MoD to Modernize Armed Forces in 'Year of Reforms'
Business Standard

MoD to Modernize Armed Forces in 'Year of Reforms'

To focus on promoting indigenous production and fostering innovation

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2 mins  |
January 02, 2025
Business Standard

Oil prices may soften on lower risk premium

As 2024 winds up and 2025 dawns, there is a semblance of stability in the global oil market.

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3 mins  |
January 02, 2025
Bends in the Ganges
Business Standard

Bends in the Ganges

In the course of history, religion has led to tectonic shifts in not just human behaviour through the introduction of rituals and customs but also influenced the general cultural and socio-political landscape.

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3 mins  |
January 02, 2025
Business Standard

Economics of cash transfers

Increasing popularity needs to be debated

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2 mins  |
January 02, 2025
India 2025: Navigating an uncertain world
Business Standard

India 2025: Navigating an uncertain world

Managing the Trump trade and migration shock demands immediate focus

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4 mins  |
January 02, 2025
Business Standard

A Quad future

China's assertiveness ensures its relevance

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2 mins  |
January 02, 2025
Viksit Bharat: Time for new beginnings
Business Standard

Viksit Bharat: Time for new beginnings

The year 2025 has begun with a renewed promise for Viksit Bharat, with Prime Minister Narendra Modi telling the people of India that the government would work even harder to achieve the objective of a $30 trillion economy by 2047.

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3 mins  |
January 02, 2025
Business Standard

Putin asks his govt, topbank to build AI co-op with China

President Vladimir Putin (pictured) has ordered Russia's government and the country's biggest bank, Sberbank, to build cooperation with China in artificial intelligence.

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1 min  |
January 02, 2025
Business Standard

Big rockets, a big telescope and big changes in space await in '25

Our species called this latest 366-day journey around the sun \"2024\" and packed into it a ton of astronomical and spaceflight excitement.

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3 mins  |
January 02, 2025
Ukraine halts Russian gas transit to Europe
Business Standard

Ukraine halts Russian gas transit to Europe

This marks end of decades of Moscow's dominance over Europe's energy mkts

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2 mins  |
January 02, 2025
Man crashes truck into New Orleans crowd, opens fire, killing 10
Business Standard

Man crashes truck into New Orleans crowd, opens fire, killing 10

Mayor calls it terrorist attack, FBI agent denies

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1 min  |
January 02, 2025
Business Standard

VFS Capital applies for SFB licence

Microfinance company VFS Capital has applied for a small finance bank (SFB) licence under the guidelines for 'on tap' licensing of SFBs in the private sector, the Reserve Bank of India (RBI) said on Wednesday.

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1 min  |
January 02, 2025
Credit growth to NBFCs slowed to 7.8% in Nov
Business Standard

Credit growth to NBFCs slowed to 7.8% in Nov

Retail credit growth dipped to 16.3% due to drop in personal and vehicle loans, and rise in credit card outstanding

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2 mins  |
January 02, 2025
Business Standard

Power consumption up 6% in Dec

India's power consumption rose nearly 6 per cent to 130.40 billion units (BU) in December as compared to the year-ago month.

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1 min  |
January 02, 2025
Business Standard

GST Rate Rationalisation May Boost Consumption: Experts

Additionally, export-related refunds have seen a significant uptick, noted Jain.

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1 min  |
January 02, 2025
RBI Guv Calls for Focus on Customer Centricity, User-Friendly Services
Business Standard

RBI Guv Calls for Focus on Customer Centricity, User-Friendly Services

Reserve Bank of India (RBI) Governor Sanjay Malhotra emphasised on customer centricity in his new year message to the employees of the central bank.

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1 min  |
January 02, 2025
Business Standard

NSO Looks to Empanel Pvt Agencies for Wider Coverage

In a bid to enhance its capacity to carry out a wider range of surveys on different socio-economic indicators, the National Statistical Office (NSO) has called for empanelment of private survey agencies, for tapping into additional expertise and resources, and efficient survey execution.

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1 min  |
January 02, 2025
Business Standard

School enrolment fell 3.7 mn in 2023-24

Enrolment in schools across India fell by 3.7 million in 2023-24 as compared to the previous year, Ministry of Education's UDISE data showed.

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1 min  |
January 02, 2025
Business Standard

New Norms for Organic Agri Items on Cards

Move to Align Fresh Rules with EU Grades

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1 min  |
January 02, 2025
Additional subsidy on DAP extended, to cost ₹3,850 cr
Business Standard

Additional subsidy on DAP extended, to cost ₹3,850 cr

Crop insurance schemes PMFBY and RWBCIS to continue for one more year

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2 mins  |
January 02, 2025
Business Standard

UPI Transactions Hit Record 16.7 Billion in Dec

Unified Payments Interface (UPI) transactions saw an 8 per cent month-on-month increase in volume to 16.73 billion in December, the highest volume for the digital system since it became operational in April 2016.

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1 min  |
January 02, 2025
Critical mineral explorations on rise, but hurdles persist
Business Standard

Critical mineral explorations on rise, but hurdles persist

The Geological Survey of India (GSI) has undertaken 195 mineral exploration projects for critical and strategic minerals in the financial year 2024-25 (until November), a significant leap from the previous year.

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1 min  |
January 02, 2025
Tamil Nadu Cancels Smart Meter Tender Awarded to Adani Energy
Business Standard

Tamil Nadu Cancels Smart Meter Tender Awarded to Adani Energy

The Tamil Nadu Power Distribution Corporation has cancelled a global tender floated for procuring smart meters, citing the high cost quoted by Adani Energy Solutions Ltd (AESL).

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1 min  |
January 02, 2025
Nuclear power door now open for pvt firms, with caveats
Business Standard

Nuclear power door now open for pvt firms, with caveats

Experts say stringent terms could make industry apprehensive

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2 mins  |
January 02, 2025
Business Standard

Global headwinds, tech advancement in India Inc's New Year messages

Global headwinds, uncertainties in a \"shifting world\" where interdependencies shape economies, was a key theme in the letters India Inc captains wrote to their employees just before stepping into 2025.

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3 mins  |
January 02, 2025
'Global steel industry struggling to make profits'
Business Standard

'Global steel industry struggling to make profits'

Tata Steel Chief Executive Officer and Managing Director TV Narendran (pictured) on Wednesday said while the global steel sector was struggling to generate profits due to factors such as China's aggressive pricing, the demand for the metal and its consumption in India is growing.

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1 min  |
January 02, 2025
SUVs, urban mkt drive up Dec PV sales by 11%
Business Standard

SUVs, urban mkt drive up Dec PV sales by 11%

Discounts, CNG cars help wholesale numbers; annual sales rise 4.7%

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2 mins  |
January 02, 2025
Accel Closes Eighth India Fund With $650 Mn Pool
Business Standard

Accel Closes Eighth India Fund With $650 Mn Pool

Accel, the venture capital firm backing startups like Flipkart and Swiggy, has raised $650 million (₹5,500 crore) for its eighth India fund, regulatory filings with the US Securities and Exchange Commission (SEC) showed.

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1 min  |
January 02, 2025