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BusinessEconomic Times ·

Jantar Mantar loses its status as an official protest site in Delhi

The Delhi government has denotified Jantar Mantar as a designated protest site. The decision was announced by the Delhi Police, which is responsible for law and order in the capital. This means the historic observatory in central Delhi will no longer be officially sanctioned for public demonstrations. The move aims to address local residents' complaints about traffic disruptions and noise pollution from frequent protests.

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BusinessEconomic Times ·

CJI affirms lawyers' right to peaceful protest

The Chief Justice of India has expressed support for lawyers' right to engage in peaceful protest. He made these remarks in response to recent events within the legal community. The statement underscores a commitment to the constitutional right to peaceful assembly and dissent. This position was reported by the Economic Times, though no specific date was provided in the source.

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BusinessEconomic Times ·

Tax Department Identifies Rs 25,000 Crore GST Discrepancy in Restaurant Sector

The Indian government's tax department has identified a potential Goods and Services Tax (GST) discrepancy of Rs 25,000 crore within the restaurant industry. Authorities have issued notices to restaurants across the country as part of a compliance drive. The action follows data analysis suggesting under-reporting of revenue by numerous establishments. The government aims to recover the alleged unpaid taxes from the current and previous financial years.

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BusinessEconomic Times ·

Festive Smartphone Sales in India See Higher Prices, Not Higher Volumes

The Indian smartphone market during the festive season saw a trend of rising prices rather than increased sales volumes. According to a report, average selling prices increased significantly compared to previous years. This shift was driven by consumer demand for premium features and 5G connectivity in new models. Consequently, the overall market value grew, but the number of units sold did not see a similar expansion. The trend indicates a move towards premiumization in the Indian electronics market.

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BusinessEconomic Times ·

Rahul Gandhi warns Gyanesh Kumar over conduct as Election Commissioner

Congress MP Rahul Gandhi has warned Election Commissioner Gyanesh Kumar about his future conduct. Gandhi referenced a potential Supreme Court review of Kumar's appointment as Chief Election Commissioner. This statement was made during a press conference in New Delhi. Gandhi implied that Kumar's actions could be scrutinized if the appointment process is re-examined.

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BusinessEconomic Times ·

India launches framework to certify voluntary environmental actions

India has introduced a new national framework to certify voluntary environmental initiatives. The framework, launched by the Environment Ministry, aims to encourage industries and organizations to adopt sustainable practices. It will measure and recognize environmental impact through a transparent process. This initiative is intended to complement existing regulatory compliance and promote a market for green credits.

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BusinessEconomic Times ·

Sunil Bharti Mittal Awarded France's Highest Civilian Honour

Indian telecom magnate Sunil Bharti Mittal, founder of Bharti Enterprises, will receive France's highest civilian award. The French government announced he is set to be honoured with the Knight of the Legion of Honour. This recognition is for his contributions to deepening economic ties between India and France, particularly in the telecom and digital sectors. The award ceremony is scheduled to take place in France, though a specific date has not been disclosed.

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BusinessEconomic Times ·

India's Pharma Scaling Challenges Highlighted at CPHI Milan Event

The CPHI pharmaceutical industry conference in Milan has brought attention to challenges facing India's drug manufacturing sector. Industry experts and attendees at the event identified scaling production capacity as a significant hurdle. The discussions centered on the need for Indian companies to expand their operational capabilities to meet global demand. This exposure of scaling issues comes as India aims to strengthen its position as a major worldwide supplier of pharmaceuticals.

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BusinessEconomic Times ·

Supreme Court Orders MMRDA to Deposit Rs 646 Cr in Reliance BKC Dispute

The Supreme Court has directed the Mumbai Metropolitan Region Development Authority to deposit Rs 646 crore. The funds are to be held in an escrow account related to a dispute with Reliance Industries over the Bandra Kurla Complex. The order stems from a longstanding case concerning development rights and payments. The court's directive aims to secure the contested amount pending a final resolution.

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BusinessEconomic Times ·

Vijay submits Rs 5,110 crore development demands to PM Modi

Actor and political figure Vijay has submitted a memorandum to Prime Minister Narendra Modi seeking Rs 5,110 crore for development projects in Tamil Nadu. The demands were presented during Modi's visit to Chennai on Thursday. The requested funds are earmarked for key infrastructure initiatives, including cyclone relief and a river interlinking project. Vijay stated the proposals aim to address urgent state needs and benefit the public.

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BusinessEconomic Times ·

High Shipping Costs Threaten India's Basmati Rice Export Competitiveness

India's basmati rice exports are facing a significant challenge due to sharply increased shipping costs. Freight rates have surged from approximately $350 per container to over $900, according to a report in the Economic Times. This dramatic increase is eroding the price competitiveness of Indian basmati in key international markets. Exporters warn that sustained high shipping costs could impact export volumes if the situation persists.

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