Economy News Today Live Updates on December 20, 2024: GST rate overhaul to face tough review amid tepid urban demand and inflation worries
  • 20 Dec 2024 06:29 PM
  • New

Economy News Today Live Updates on December 20, 2024: GST rate overhaul to face tough review amid tepid urban demand and inflation worries

Source: https://www.livemint.com/economy/latest-economy-news-today-live-updates-december-20-2024-11734651618312.html

Economy News Today Live Updates on December 20, 2024: From key announcements to major events impacting the micro and macro economy of the country and the world, this platform provides you with all the latest updates on the economy.

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City gas distribution stocks climb the wall of worry
  • 20 Dec 2024 06:21 PM
  • New

City gas distribution stocks climb the wall of worry

Source: https://www.livemint.com/market/mark-to-market/city-gas-distribution-gst-natural-gas-prices-indraprastha-gas-mahanagar-gas-administered-price-mechanism-11734592542666.html

State-owned city gas distribution (CGD) firms are bracing for a decline in earnings in the December quarter (Q3FY25). Blame the recent 36% average supply cut in cheaper natural gas allocated by the government. However, the rebound in CGD stocks suggests that investors are overlooking the immediate earnings hit, betting instead on the anticipated inclusion of natural gas under the Goods and Services Tax (GST).

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Proposal to impose 35% GST on ’sin goods’ not a good idea: SJM
  • 18 Dec 2024 06:09 PM
  • New

Proposal to impose 35% GST on ’sin goods’ not a good idea: SJM

Source: https://www.livemint.com/opinion/online-views/proposal-to-impose-35-gst-on-sin-goods-not-a-good-idea-sjm-11734513480124.html

New Delhi, Dec 18 (PTI) Swadeshi Jagran Manch (SJM) has dubbed the proposal to introduce 35 per cent GST on "sin goods" like aerated beverages and tobacco products as a "bad idea" as it would lead to smuggling and loss of revenue for the country.

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French auto parts supplier Valeo bets on India EV transition even as demand cools
  • 17 Dec 2024 06:30 PM

French auto parts supplier Valeo bets on India EV transition even as demand cools

Source: https://www.livemint.com/companies/news/valeo-india-ev-transition-auto-parts-partnerships-tata-motors-mahindra-oems-ice-passenger-vehicles-tax-benefits-pli-sche-11734427064782.html

New Delhi: Growing adoption of electric vehicles (EVs) in India is unlocking opportunities for the Indian arm of French auto parts supplier Valeo to increase revenue per vehicle, according to a top company executive, even if sales have temporarily slowed for one of its top customers in India.

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Bengaluru taxi scam! How this ‘Uber-like’ service is scamming people at airport
  • 17 Dec 2024 06:21 PM

Bengaluru taxi scam! How this ‘Uber-like’ service is scamming people at airport

Source: https://www.livemint.com/news/trends/bengaluru-news-uber-like-app-for-rides-airport-taxi-of-new-scam-bills-karnataka-11734416441670.html

A Bengaluru man exposed a scam involving airport taxis using a fake Uber app to charge extra fees without issuing bills. Users reported similar experiences, prompting calls for police action against the deceptive practices.

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YouTuber hails restaurant’s ‘no service charges’ policy; netizens aren’t impressed: ‘Jitne ka pudina paratha hai…’
  • 16 Dec 2024 06:06 PM

YouTuber hails restaurant’s ‘no service charges’ policy; netizens aren’t impressed: ‘Jitne ka pudina paratha hai…’

Source: https://www.livemint.com/news/youtuber-hails-restaurants-no-service-charges-policy-netizens-arent-impressed-jitne-ka-pudina-paratha-hai-11734321818837.html

A YouTuber praised a restaurant's ‘No Service Charges’ policy but faced backlash for a bill of ₹10,030 for basic dishes. Users criticised the high prices and questioned the GST rate, suggesting hidden charges may be included in the dish prices.

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India’s fiscal deficit will be 4.8 pc in FY25, below budget estimate of 4.9 pc: CareEdge Ratings
  • 16 Dec 2024 05:59 PM

India’s fiscal deficit will be 4.8 pc in FY25, below budget estimate of 4.9 pc: CareEdge Ratings

Source: https://www.livemint.com/economy/indias-fiscal-deficit-will-be-4-8-pc-in-fy25-below-budget-estimate-of-4-9-pc-careedge-ratings-11734320796474.html

The fiscal deficit of the central government is projected to be 4.8 per cent of GDP for FY25, slightly below the budgeted estimate of 4.9 per cent, according to a report by Care Edge Ratings. The marginal improvement is attributed to healthy tax collections, despite certain shortfalls.

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How to calculate foreign currency conversion mark-up fees on credit cards?
  • 16 Dec 2024 06:08 PM

How to calculate foreign currency conversion mark-up fees on credit cards?

Source: https://www.livemint.com/money/personal-finance/how-to-calculate-foreign-currency-conversion-mark-up-fees-on-credit-cards-11734212016191.html

Credit Cards: In order to cut down on foreign currency conversion mark up fee, it is recommended to look for the cards which charge a lower mark-up fees

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Latest Market News Today Live Updates December 13, 2024: Zomato slapped with ₹803 crore tax demand by GST authorities
  • 14 Dec 2024 06:42 PM

Latest Market News Today Live Updates December 13, 2024: Zomato slapped with ₹803 crore tax demand by GST authorities

Source: https://www.livemint.com/market/latest-markets-today-live-updates-december-13-2024-11734049836086.html

Latest Market News Today Live Updates: Catch today's market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint's market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

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