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Live news: GST Council defers decision on hiking rate on textiles

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Live news updates: The GST Council has decided to defer the hike in rate on textiles (from 5 per cent to 12 per cent). The Council will review the matter in its next meeting in February 2022, multiple news reports quote Himachal Pradesh Industry Minister as saying on Friday.

Omicron has spread to 23 Indian states and 270 people have been infected with the new coronavirus strain. India recorded 16,764 new cases of Covid-19 and 220 deaths from the disease overnight, said the health ministry on Friday.

Serum Institute Of India has applied to the country’s drug regulator and the health ministry for full approval of its COVID-19 vaccine Covishield, the company’s chief executive said on Friday.


Serum Institute, which produces AstraZeneca’s COVID-19 vaccine under the brand name Covishield, has supplied more than 1.25 billion doses of the shot in India. The Indian government now has enough data to consider a full market authorisation, Serum Institute CEO Adar Poonawalla said on Twitter.

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