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

State News West India

Maharashtra Legislature Approves Comprehensive Prison Reforms Bill

By BPN News Desk December 21, 2024

In a historic move aimed at modernizing the state’s correctional facilities and enhancing inmate welfare, the Maharashtra Legislative Assembly has passed the Prison Reforms Bill. This legislation marks a significant step toward transforming the state’s penal system by focusing on rehabilitation and humane treatment of prisoners. Key Highlights of the Prison Reforms The

Finance

Supreme Court Removes 30% Cap on Credit Card Late Payment Interest

By BPN News Desk December 21, 2024

In a landmark decision, the Supreme Court of India has removed the 30% per annum interest cap previously imposed on late credit card bill payments. The ruling provides financial institutions greater autonomy in determining interest rates on overdue payments, sparking widespread discussion in the financial and consumer sectors. Interest Rate Regulation Left to Banks The

National

Prime Minister Modi Discusses Strengthening India-Kuwait Relations

By BPN News Desk December 21, 2024

Prime Minister Narendra Modi emphasized the importance of strengthening bilateral ties between India and Kuwait during a key meeting, highlighting shared economic and cultural priorities. The discussions aimed to further consolidate relations with the Gulf nation, which is a crucial partner for India in trade, energy, and the welfare of the Indian diaspora. Focus on […]