Economy News

Explained: Key recommendations of 55th GST Council meet

55th GST Council meet Decisions: What You Need to Know

The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, brought forth a series of key recommendations. The meeting, held in Jaisalmer, Rajasthan, was attended by Union Minister of State for Finance, Pankaj Chaudhary, along with Chief Ministers of Goa, Haryana, Jammu and Kashmir, Meghalaya, and Odisha, as well as Deputy Chief Ministers from Arunachal Pradesh, Bihar, Madhya Pradesh, Rajasthan, and Telangana. Senior officials from the Finance Ministry, including those from the Economic Affairs and Expenditure Departments, were also present. Dec 22, 2024
Air India buying 100 more Airbus planes

Woman flyer says Air India left passengers in the lurch in Milan

A woman passenger, who paid Rs 50,000 for a business class Air India ticket from Milan to Delhi, was left stranded in the Italian city overnight due to an 18-hour delay in the flight and ended up missing an important ceremony that was part of her sister's wedding. Dec 22, 2024
world bank

World Bank okays $800 million loan for developing Amaravati

The World Bank's Board of Executive Directors has approved the $800 million Amaravati Integrated Urban Development Programme, aimed to establish the city as a well-managed, climate-resilient growth centre in Andhra Pradesh that generates jobs and improves the lives of its current and future residents. Dec 20, 2024
PLI scheme achieves Rs 1.46 lakh crore investment, FDI inflows up 26 pc

PLI scheme achieves Rs 1.46 lakh crore investment, FDI inflows up 26 pc

From achieving Rs 1.46 lakh crore in investment under the product-linked incentive (PLI) scheme to 26 per cent increase in FDI inflows (year-on-year) in Q1 this fiscal (FY25), the Department for Promotion of Industry and Internal Trade (DPIIT) said on Friday that it has played a pivotal role in 2024 in building a self-reliant and globally competitive India. Dec 20, 2024
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