Economy National

India Signs $350M Loan Pact with ADB to Boost Manufacturing

By BPN News Desk December 22, 2024

India has entered into a $350 million loan agreement with the Asian Development Bank (ADB) to bolster its manufacturing sector. This strategic partnership aims to enhance competitiveness, foster innovation, and create job opportunities in key industries, marking a significant step toward strengthening the country’s industrial base. The agreement, signed on December 21,

International

French Report Exposes Pakistan’s Links to Extremist Network

By BPN News Desk December 22, 2024

A French magazine has published a detailed report alleging Pakistan’s involvement with the extremist group Jaish-e-Mohammed (JeM). The report delves into the operational ties between the organization and Pakistani entities, sparking renewed global concern over the country’s role in fostering terrorism. Jaish-e-Mohammed, designated as a terrorist organization by numerous

Industry

Carbon Storage in Man-Made Materials Reaches 8.4 Billion Tonnes

By BPN News Desk December 22, 2024

A groundbreaking study has revealed that man-made products, including concrete, steel, and other industrial materials, collectively store an estimated 8.4 billion tonnes of carbon. This finding sheds light on the potential of construction and manufacturing industries in mitigating global carbon emissions. The research, conducted by a team of environmental scientists,

National

Boost for Farmers: Government Increases MSP for Milling Copra

By BPN News Desk December 22, 2024

In a significant move aimed at supporting farmers, the Union Government has approved a Minimum Support Price (MSP) of ₹11,582 per quintal for milling copra for the 2024 season. The decision is expected to provide much-needed relief to coconut farmers and strengthen their financial standing. The approval, announced on December 21, reflects the government’s commitment

Economy National

GST Council’s Jaisalmer Meeting: Key Outcomes

By BPN News Desk December 21, 2024

The 53rd GST Council meeting held in Jaisalmer on December 21 saw deliberations on significant tax reforms aimed at improving compliance and addressing industry concerns. Chaired by Finance Minister Nirmala Sitharaman, the council discussed crucial policy matters that impact businesses and consumers alike. Tax Rate Adjustments and Clarifications One of the primary focuses

National

Standing Committee Urges Improvements in Freight Train Speeds

By BPN News Desk December 21, 2024

A recent report by the Parliamentary Standing Committee on Railways has raised concerns about the sluggish pace of freight trains in India, with an average speed of just 25 km/hr. The committee emphasized that improving freight train speeds is critical to enhancing railway logistics and ensuring the sector’s contribution to economic growth. Current Challenges in […]

Economy National

GST Council Increases Tax on Used Cars, Clarifies Popcorn Rates

By BPN News Desk December 21, 2024

The Goods and Services Tax (GST) Council has announced significant revisions to tax rates, including an increase in the GST on the sale of used cars. The council also addressed a unique issue regarding the GST on popcorn, with rates now determined based on flavor. These decisions are part of a broader effort to streamline […]

Law & Order

Supreme Court: Directors Not Personally Liable for Dishonored Company Cheques

By BPN News Desk December 21, 2024

In a significant ruling, the Supreme Court of India has clarified that directors of a company cannot be held personally liable under the Negotiable Instruments Act if a cheque issued by the company is dishonored. This decision offers a crucial interpretation of corporate and legal accountability, shielding directors from personal prosecution in such cases. Ruling […]

State News West India

Maharashtra Faces Onion Crisis; Ajit Pawar Calls for Export Duty Removal

By BPN News Desk December 21, 2024

Maharashtra Deputy Chief Minister Ajit Pawar has urged the central government to reconsider its decision to impose a 20% export duty on onions. Highlighting the severe impact on farmers and traders, Pawar emphasized the urgent need to address the economic challenges faced by the state’s agricultural sector. Call for Immediate Action Ajit Pawar stated that […]

Automobile

Hyundai to Equip Domestic Models with Made-in-India AGM Batteries

By BPN News Desk December 21, 2024

Hyundai Motor India has unveiled its plan to integrate made-in-India Absorbent Glass Mat (AGM) batteries into its domestic car models. This initiative underscores Hyundai’s commitment to promoting local manufacturing while enhancing the performance and sustainability of its vehicles in the Indian market. Supporting Local Manufacturing The AGM batteries, which will be