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India’s aviation fuel sales dipped over 4% in early December, primarily due to IndiGo’s extensive flight cancellations caused by new pilot rules and staff shortages. While jet fuel demand faltered, diesel, petrol, and LPG consumption saw significant year-on-year growth, indicating a mixed trend in the country’s fuel market.

NPS retirement withdrawal rules have been significantly revised, allowing non-government subscribers to withdraw up to 80% of their corpus as a lump sum. The mandatory annuity purchase requirement has been reduced to a minimum of 20%, offering greater flexibility in managing post-retirement income.

Kraft Heinz has named Steve Cahillane as its new CEO starting January 1, 2026. He will lead the Global Taste Elevation Co. after the company splits into two entities next year. This division aims to improve efficiency. Cahillane brings extensive experience in brand building and managing similar corporate structures. The current CEO will move to

A crackdown on tax fraud has uncovered hundreds of bogus GST registrations, with forged identities leading to over Rs 3,000 crore in tax evasion in six months. Authorities are intensifying data scrutiny and physical verification to identify and cancel fake registrations, leading to arrests and sustained pressure on fraud networks.

Finance Minister Nirmala Sitharaman refuted claims of India being a “dead economy” in the Lok Sabha, citing strong growth figures and sovereign rating upgrades. She highlighted India’s position as the fastest-growing major economy, with 8.2% growth in the September quarter, and emphasized the country’s transition from fragility to fortitude.

France’s opposition and widespread farmer protests are jeopardizing the EU’s long-delayed free-trade deal with Mercosur. Angry farmers fear competition from cheaper agricultural imports, threatening a pact that has been nearly 25 years in the making. The deal’s signing, planned for December 20, now faces significant delays, potentially pushing it to 2026 or later.

India’s robust national power grid, boasting 500 GW capacity, positions it as a prime destination for substantial data center investments. Union Minister Piyush Goyal highlighted this advantage, noting ample electricity for all sectors. Major tech firms are already committing billions to India’s AI and data infrastructure, signaling strong growth potential.