April 1:As the new financial year kicks off on April 1, 2025, several changes in income tax regulations have come into effect. The government, in the Union Budget 2025, introduced revised tax slabs, increased deductions, and updated TDS limits to simplify tax compliance and provide relief to taxpayers. These amendments […]
Finance
New Delhi, March 25, 2025: Delhi Chief Minister Rekha Gupta, leading the Bharatiya Janata Party (BJP) government, presented her maiden Budget today in the Delhi Assembly. The Budget for the financial year 2025-26 has been set at Rs 1 lakh crore, reflecting a significant 31% increase compared to the previous […]
New Delhi, 19th March: In a special House meeting scheduled for today, the Delhi Municipal Corporation will discuss revising the budgets from 2024-25 and estimates for 2025-26. The opposition is likely to clash with the ruling party, as the Aam Aadmi Party does not currently hold a majority, so there […]
Mumbai, March 10, 2025: Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar presented the state budget for the fiscal year 2025-26 in the Maharashtra State Assembly today. This marks the first budget of the newly-formed Mahayuti government and the 11th budget presented by Pawar. The budget emphasized large-scale investments, […]
March 3, 2025: The Indian stock market has experienced a significant downturn, with nearly Rs 85 trillion in wealth evaporating since September 2024. Despite Friday’s GDP numbers showing a rebound in the last quarter, the NSE Nifty 50 logged its fifth straight monthly loss, marking its longest losing streak since […]
February 27, New Delhi: In a significant move to address the retirement needs of its vast workforce, the Indian government is reportedly developing a Universal Pension Scheme (UPS) that will extend coverage to all citizens, including those in the unorganized sector. This initiative, as per sources in the Labour Ministry, […]
Feb 17, Tuesday, 2025: On Friday, the Reserve Bank of India (RBI) stated that 20-non non-bank financial companies, including Reliance Commercial Finance and IDFC Limited, have surrendered their certificate of registration (CoR). Two non-banking financial companies (NBFCs) have surrendered their CoR as they have exited from the non-banking financial institution […]
Mumbai, February 15, 2025 – The Reserve Bank of India (RBI) has taken stringent action against the crisis-hit New India Co-operative Bank, sacking its board and appointing an administrator following significant financial irregularities and governance failures. The central bank had imposed severe restrictions on the Mumbai-based bank, barring it from […]
New Delhi, February 13: Finance Minister Nirmala Sitharaman proposed the new Income Tax Bill 2025 in the Lok Sabha, aiming to substantially relieve the burden of litigation in India. Through this bill, the government intends to simplify tax compliance through the use of easier words and reducing ambiguity in the […]
Feb 10, Monday, 2025: The rupee falls when it has already become Asia’s worst-performing currency of the year and as the RBI tries to build its forex reserves. The Indian rupee plunged to an all-time low of 87.94 against the US dollar on Monday, February 10, 2025. The Indian rupee […]