Government

Budget 2025-26: Income up to Rs12 lakh to get tax exemption
03 Feb 2025
Presenting the budget in Parliament, finance minister Nirmala Sitharaman proposed an across-the-board change in income-tax slabs and rates

Budget 2025-26: Sitaraman promises a simpler tax regime
03 Feb 2025
Finance minister Nirmala Sitaraman promised to continue efforts to simplify taxes, improve tax payer services, provide tax certainty and reduce litigation while keeping in mind

Budget 2025-26: More disposable income in taxpayer’s hands
03 Feb 2025
Presenting the Union Budget for the financial year 2025-26 in Parliament today, finance minister Nirmala Sitaraman proposed an increase in standard deduction for personal income tax

Central staff, pensioners may get around 25% hike in salaries and pensions
19 Jan 2025
The union cabinet has approved the setting up of the 8th Pay Commission for central government employees and pensioners that would potentially effect a 25 per cent increase

GST Council recommends hike in GST on sale old vehicles to 18%
22 Dec 2024
The 55th meeting of the GST Council, at its meeting in Jaisalmer, Rajasthan on Saturday, recommended an increase in the GST rate on sale of old and used vehicles
Senior bankers in PSBs are in firing line: AIBEA
By Venkatachari Jagannathan | 11 Nov 2024
In the guise of retiring inefficient senior employees in the public sector banks, the Indian government is interfering in the day to day affairs of the banks and threatening the job security of employees

GST collection up 9% at Rs1.87 lakh crore in October
02 Nov 2024
Gross collection of revenue by way of Goods and Services Tax (GST) in India increased by nearly 9 per cent year-on-year and stood at a 6-month high of Rs1.87 lakh crore in October.

Govt doubles Mudra loan limit to Rs20 lakh
27 Oct 2024
The finance ministry on Friday announced a doubling of the ceiling of Mudra loan under the Pradhan Mantri Mudra Yojana (PMMY) from the current Rs10 lakh to Rs20 lakh.

PM Modi wants coordinated action against hoax bomb threats to airlines
25 Oct 2024
Ever since the fugitive founder of the banned terror group Sikhs for Justice, Gurupatwant Singh Pannun, circulated a video on Monday warning passengers against flying Air India

Central govt employees and pensioners to get 3 per cent additional DA
17 Oct 2024
The union cabinet on Wednesday approved payment of an additional 3 per cent dearness allowance (DA) to central government employees and dearness relief (DR) to central government

Centre hikes minimum wages for unorganised sector workers
27 Sep 2024
The central government has raised the minimum wage payable to unorganised workers engaged in building construction, loading and unloading,

Karnataka may exempt electric and hybrid vehicles from paying road tax
26 Sep 2024
The Karnataka government is reported to be planning to give exemption form road tax to electric and hybrid vehicles with a price tag of less than Rs25 lakh, as part of its efforts to develop a clean mobility

Cabinet accepts recommendations on simultaneous elections
20 Sep 2024
The union cabinet has accepted the recommendations of the high-level committee chaired by former President Ram Nath Kovind recommending simultaneous elections

India, Australia look to deepen economic ties
06 May 2024
An India-Australia Joint Committee Meeting (JCM), held in Canberra as well as meetings with businesses in Sydney and Melbourne have emphasised the need to work closely, especially in collaborative projects, in order to bring new synergy to the strategic partnership of the two countries.

India’s GST revenue crosses Rs2-lakh cr in April 2024
02 May 2024
India’s gross revenue collection by way of Goods and Services Tax (GST) exceeded the Rs2 lakh crore-mark for the first time in April 2024, the opening month of the current fiscal, hitting a record Rs2.10 lakh crore.

Chinese industrial goods accounted for 30% of India’s 2023-24 imports: GTRI report
29 Apr 2024
China's share in India's industrial goods imports jumped to 30 per cent in 2023-24 from 21 per cent over the 15-year period between 2008-09 and 2023-24, as per a report published by Global Trade Research Initiative (GTRI).

India’s FY24 direct tax mop-up exceed revised estimates by Rs13,000 cr
23 Apr 2024
Net direct tax collection in India increased by 17.70 per cent to an estimated Rs19.58 lakh crore in the 2023-24 financial year, compared to Rs16.64 lakh crore in the previous financial year, provisional figures released by the finance ministry show.

Govt e-marketplace GeM onboards over 2 m sellers, records Rs4-cr turnover
01 Apr 2024
Government e-marketplace (GeM) has onboarded 2.1 million sellers and doubled its turnover (gross merchandise value) as of end-March 2024, doubling the GVM year-on-year.

Govt e-marketplace GeM onboards over 2 m sellers, records Rs4-cr turnover
01 Apr 2024
Government e-marketplace (GeM) has onboarded 2.1 million sellers and doubled its turnover (gross merchandise value) as of end-March 2024, doubling the GVM year-on-year.

Govt e-marketplace GeM onboards over 2 m sellers, records Rs4-cr turnover
01 Apr 2024
Government e-marketplace (GeM) has onboarded 2.1 million sellers and doubled its turnover (gross merchandise value) as of end-March 2024, doubling the GVM year-on-year.

Gross GST collection in February up 12.5% at Rs1,68,337 crore
05 Mar 2024
Gross revenue collection by way of Goods and Services Tax (GST) increased by 12.5 per cent year-on-year in February 2024 and stood at Rs1,68,337 crore. The increase in GST collection in February was marked by a 13.9 per cent increase in domestic transactions and 8.5 per cent increase in GST from import of goods.

India's industrial production grows 3.8% in December
13 Feb 2024
Industrial production in India based on the Index of Industrial Production (IIP) expanded 3.8 per cent in December 2023, against 2.4 per cent in the previous month and 5.1 per cent in December 2022

Finance minister tables white paper on state of Indian economy before and after 2014
10 Feb 2024
Finance minister Nirmala Sitharaman on Thursday tabled a 'white paper on the Indian economy' detailing the state of the economy prior to 2014 and after
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And now, PDS fair price shops on-board ONDC
08 Feb 2024
For the first time, 11 Fair Price Shops of Una and Hamirpur districts of Himachal Pradesh on-boarded the free e-commerce platform, Open Network Digital Commerce (ONDC)

Budget proposes rating of iconic tourist centres based on quality and facilities
02 Feb 2024
Presenting the Interim Budget 2024-25 in Parliament, finance minister Nirmala Sitharaman laid emphasis on comprehensive development of tourist centers for achieving the vision of ‘Viksit Bharat’ by 2047.
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The cost of neglecting water transport
03 Feb 2025
Inland water transport is widely recognised as a cheaper and environment friendly mode of transport and, as per a report prepared by RITES

Crypto Currencies Trying To Undermine Global Financial System
27 Jan 2025
US President Donald Trump, it seems, is the latest to join the frenzy for personal or corporate currency, with $TRUMP, or what they call a meme coin, giving a further boost to his crypto image.

As costs of saying final goodbyes rise UK families resort to crowdfunding to pay for funerals
By Axel Miller | 16 Jan 2025
The cost of saying a final goodbye to loved ones in the UK has reached a grim new high, leaving families grappling with unexpected financial burdens.

The life and times of Manmohan Singh, former Prime Minister of India
By Cygnus | 28 Dec 2024
On 27th December 2024 India and the world lost one of their finest statespersons in a hundred years. Manmohan Singh, born on 26th September 1932, in Gah, Punjab (now in Pakistan)

The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.

Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!

COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.

What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.

The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
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