Income Tax Act overhaul aimed at simpler, smoother taxation: Revenue Secretary

Government Committed to Simplifying Income-tax Act, New Tax Code on the Horizon In a significant development, Revenue Secretary Sanjay Malhotra has revealed that the government is dedicated to simplifying the Income-tax Act, with a comprehensive review currently underway.

SEBI proposes changes to curb derivatives speculation

The Securities and Exchange Board of India (SEBI) has proposed several measures to mitigate the “hyperactivity” in India’s derivatives market, following concerns over substantial trading losses among retail investors.

NITIN GADKARI APPEALS TO FINANCE MINISTER TO ABOLISH 18% GST ON INSURANCE PREMIUMS

The Union’s primary concern is the 18% GST on life and medical insurance premiums, which they argue effectively taxes life’s uncertainties and diminishes the incentive for people to invest in insurance

Budget 2024: Census, Privatisation Omitted Amid Political Calculus

A week has passed since the announcement of Budget 2024, with most politicaleconomic commentary highlighting the focus on projects in Andhra Pradesh and Bihar.

Digitalisation Can Expose Consumers To Impulsive Spending, Data Breaches: RBI Report

The RBI report highlights that while digitalisation enhances financial accessibility, it also introduces risks such as impulsive spending, herd behaviour, and rising data breaches, which can threaten financial stability

Why India's Fervour For Kamala Harris Is Fading And The Rise Of Surveillance Infrastructure

Recent developments have highlighted two significant trends in India: the cooling of enthusiasm for Kamala Harris and the expansion of the country’s surveillance infrastructure.

Ola Electric to raise over Rs 6,100 crore in IPO priced at Rs 72-76 per share

Ola Electric Mobility, a leading player in India’s electric scooter market with a 39% share, has announced its initial public offering (IPO) at a reduced price band of Rs 72-76 per share, significantly lower than earlier projections.

Modi's disregard for opposition CMs exposed: Niti Aayog boycott signals rising pushback

At the recent Niti Aayog meeting in New Delhi, dramatic scenes unfolded as West Bengal Chief Minister Mamata Banerjee walked out in protest after her microphone was turned off.

LG inaugurates 320 new e-buses along with Kailash Gahlot

Delhi Lieutenant Governor (LG) VK Saxena, along with Delhi Transport Minister Kailash Gahlot, inaugurated 320 new electric buses on Tuesday.

I.N.D.I.A BLOC PARTIES RALLY AT JANTAR MANTAR, DEMAND KEJRIWAL'S RELEASE

Many of the opposition bloc leaders accused the Centre of obstructing the work of the Delhi govt

SC grants anticipatory bail to Odisha officer in money laundering case

The Supreme Court in the case Bijay Ketan Sahoo v. Enforcement Directorate observed and has granted anticipatory bail to Odisha Administrative Service, OAS Officer Bijay Ketan Sahoo, who is accused of money laundering filed by the Directorate of Enforcement, ED in connection with a disproportionate assets case.

CM Dhami participates in ‘Shiv Samagam' programme

He described the welcoming of Kanwariyas with flower showers as the tradition of Atithi Devo Bhavah of Devbhoomi.

TMC'S ABHISHEK BANERJEE SLAMS FM- 'WHERE'S WHITE PAPER ON BENGAL'S ALLOCATION?

Abhishek Banerjee criticised the BJP, saying, “BJP is misleading people; Bengal’s name is not even mentioned in the budget; not a single penny has been given to Bengal; and they are using Bengal’s tax money to build bridges in Bihar, which will collapse.

VISTARA TO CUT NON-FLYING STAFF AHEAD OF AIR INDIA MERGER

Vistara’s new retirement and separation schemes for non-flying staff, similar to those offered by Air India, aim to address the impact of the upcoming merger, affecting about 600 employees

PM Modi confident in India's economic rise, highlights growth and investment opportunities at CII event

On Tuesday, Prime Minister Narendra Modi expressed strong confidence in India’s trajectory towards becoming the world’s third-largest economy during his third term in office, citing the country’s robust growth rate of 8%.

Sebi seeks to tame speculation in index derivatives

India’s markets regulator, the Securities and Exchange Board of India (SEBI), on Tuesday proposed a series of near-term measures aimed at curbing speculative trading in index derivatives.

India cautions SMEs on China trade risks amid growing bilateral ties

The Indian embassy in Beijing issued a warning on Tuesday, advising domestic small and medium enterprises (SMEs) to adopt adequate precautions when conducting business with Chinese firms.

INDIA OVERCOMES PANDEMIC IMPACT WITH CAPEX BOOST: FM SITHARAMAN

Sitharaman refuted opposition claims of budget discrimination, emphasizing fair funding, adherence to fiscal deficit goals, and substantial support for all states, including Jammu & Kashmir and Kerala

JSW gets an order to set up 192 MW grid-connected hybrid power project from GUVNL

JSW Neo Energy, a wholly owned subsidiary of JSW Energy, has received a Letter of Intent from Gujarat Urja Vikas Nigam Limited for setting up a 192 MW (Mega Watt) grid-connected Hybrid Power Project, the company informed the exchange in a filing on Monday.

India, Saudi Arabia seek to deepen economic ties through investment talks

India and Saudi Arabia held the inaugural virtual meeting of the ‘India-Saudi Arabia High Level Task Force’ on investments, marking a significant step in strengthening bilateral economic ties.

Aaditya Thackeray claims riverfront development project is reason behind floods in Pune

Shiv Sena (UBT) leader Aaditya Thackeray has claimed that the reason behind flash floods in Pune city is the riverfront development project.

SAMIT KADAM ASKED ME TO SIGN AFFIDAVIT AGAINST UDDHAV THACKERAY, CLAIMS ANIL DESHMUKH

Deshmukh claimed that the person was close to Deputy Chief Minister Devendra Fadnavis and was also given Y-category security.

SUPREME COURT: COMPLIANCE OF AN ORDER UNDER THREAT OF CONTEMPT CANNOT TAKE AWAY PARTY'S RIGHT TO CHALLENGE THAT ORDER

The Supreme Court in the case The State Of Andhra Pradesh vs. Kopparla Santhi observed through its order dated July 19 that the compliance of an order under threat of contempt cannot take away the right of the party to challenge the same order.

IMD predicts light to moderate rainfall in Delhi till July 31

The India Meteorological Department (IMD) on Sunday predicted light to moderate rainfall in Delhi during the next five days.

SC ORDER SOON ON LG'S POWER

A bench comprising Chief Justice DY Chandrachud and Justices JB Pardiwala and Manoj Misra made the announcement while hearing another petition of MCD mayor Shelly Oberoi, seeking permission that the civic body be allowed to exercise the functions of the standing committee.

UPI TRANSACTIONS GREW BY 57 PC YOY: BCG REPORT

Unified Payments Interface (UPI) transactions experienced substantial growth, increasing by 57 per cent YoY in FY24.

Cinema is Coming Home with Sony India's Revolutionary BRAVIA 7 Mini LED Series

Sony India today announced the launch of the new BRAVIA 7 series, offering an unparalleled viewing and audio experience with its advanced features and cutting-edge technology.

AIRTEL EXPANDS 5G COVERAGE THROUGH SPECTRUM RE-ALLOCATION

Bharti Airtel is re-farming its mid-band spectrum to enhance 5G coverage and speeds, and will be the first in India to offer both standalone and nonstandalone 5G modes.

Coal Ministry Outlines Strategy for Import Reduction, Export Growth

In a significant shift in the country’s energy landscape, the Ministry of Coal is leading a transformative initiative aimed at reducing coal imports and promoting coal exports.

Adani total gas Q1 net profit up 20%, revenue rises 9%

Adani Total Gas Ltd, a prominent city gas distribution company, announced a significant rise in its operational and financial performance for the quarter ending June 2024.