After receiving the cabinet nod last week, new income tax law is set to be tabled in the Parliament this week in the ongoing budget session. This is seen as a historic bill which will replace the current legislation which was enacted way back in 1961. Why is there a need for the new income tax law?…
The Union government has disbursed â‚ą1.11 lakh crore approximately, as interest free loans to states between April and January. This money has been disbursed under the Special Assistance to States for Capital Expenditure scheme as detailed in a report by PTI. Pankaj Chaudhary, Minister of State for Finance shared this information, highlighting the government’s goals…
Congress MP Manickam Tagore gave notice to move a motion for the adjournment of the Business of the House in the Lok Sabha to discuss the issue of safety of women passengers in trains Source link
Finance Minister Nirmala Sitharaman introduced customized credit cards for micro enterprises registered on the Udyam portal in her recent budget speech. This step was taken with the objective of strengthening India’s Micro, Small and Medium Enterprises (MSME) sector. These cards will come with a credit limit of â‚ą5 lakh each. These cards protect the business…
Income Tax Bill News LIVE: The Union Cabinet has approved the new Income Tax Bill on Friday, February 7, potentially leading to its introduction in the Lok Sabha early next week. This bill is part of a larger effort to reform the tax system and aims to overhaul the existing tax structure to make it…
Bangladeshi patients make up the largest chunk of international visitors checking into Indian hospitals for procedures, but numbers dipped sharply last year after political crisis gripped the neighbouring country. While hospitals like Apollo and Manipal–which were among the most impacted – are expecting a gradual uptick, the focus is now on bringing in more patients…
The recent Union budget has raised the annual income threshold above which income tax kicks in to â‚ą12 lakh under the new tax regime. While this move aims to bolster middle-class spending and stimulate economic growth, it also narrows the tax base as a side-effect, placing an even greater fiscal burden on a small segment…
For decades, India’s salaried class viewed themselves as a minority—sandwiched between the elite and what they believe is the world’s largest population of the “politically pampered”. And in most Budgets, they found the discourse to be dominated by farmers, the poor, women and other groups. Which is why the record â‚ą1 trillion largesse showered by…
Finance Minister Nirmala Sitharaman on Tuesday, February 4, clarified in Rajya Sabha that the Prime Minister Internship Scheme does not provide employment but is a means for exposure. The Prime Minister Internship Scheme, which was announced in 2024, aims to provide skills to the youth to make them job ready. “The intent of the programme…
On Saturday, finance minister Nirmala Sitharaman announced a fiscal outlay of â‚ą2,000 crore ($230 million) for the Mission. The move succeeded the Ministry of Electronics and Information Technology (Meity) announcing last Thursday that a repository of 18,693 graphic processing units (GPUs), provided by private sector companies, was ready to be used as an on-cloud supercomputing…
