The fifty-fifth Goods and Services Tax (GST) Council meeting, scheduled for December 21 in Jaisalmer, will discuss proposed tax changes for life and health insurance premiums, including GST exemptions for term life policies covering families and health insurance for senior citizens. The Council will also consider reducing the GST rate
Reliance Power's subsidiary, Reliance NU Suntech Private Ltd, has won a 930 MW solar energy contract and a 465 MW/1860 MWh battery energy storage system (BESS) project from the Solar Energy Corporation of India (SECI). The project, which includes the second largest deployment of grid storage batteries
Air India will update its aircraft and flight timings on international routes in 2025. The airline will introduce retrofitted A320neo planes on all Delhi-Bangkok flights starting January 16 and add a fourth daily service between the two cities from January 1. Additionally, the airline will deploy former Vistara planes, including
Japanese startup Orbital Lasers and Indian robotics company InspeCity have agreed to jointly explore the use of laser-equipped satellites to remove space debris. The two companies will assess business opportunities for in-orbit services, such as de-orbiting defunct satellites and prolonging spacecraft life. Orbital Lasers plans to demonstrate its laser system
Highlights include the introduction of the One Nation, One Election Bill in the Lower House, while opposition parties voice strong objections. Services exports surpassed goods exports for the first time, reaching $35.7 billion in November 2024.
The Commission for Air Quality Management has enforced Graded Response Action Plan 4 restrictions in Delhi as the Air Quality Index worsened to the ‘severe’ zone. The measures include banning BS III petrol and BS IV diesel vehicles, halting all construction and demolition activities except for projects of national importance
In a major shift, India’s services exports overtook goods shipments in November 2024. Services exports have been estimated at $35.7 billion, compared with $32.1 billion in goods exports. Software services accounted for 47% of the total exports with nearly 70% headed towards the US.
IT and IT-enabled
With Thai AirAsia X beginning to operate direct flights between Delhi and Bangkok-Don Mueang (DMK), Delhi airport is now connected to 150 domestic and international destinations.
