The Income Tax Department has delayed the release of ITR forms and utilities for Assessment Year 2025–26. Even though there haven’t been any big changes in the Finance Act 2024, the delay could be due to some internal work or technology updates within the department. They might be working to update the forms to match …
Akshaya Tritiya, also known as Akha Teej, is a significant Hindu festival symbolising wealth, prosperity, and new beginnings. In 2025, it will be observed on Wednesday, April 30. This sacred day falls on the third lunar day (Tritiya) of the Shukla Paksha in the month of Vaishakha. Akshaya Tritiya is one of those rare occasions where …
India’s inland water transport (IWT) sector has achieved a major milestone with the Inland Waterways Authority of India (IWAI) reporting a record 145.5 million tonnes of cargo moved during the fiscal year 2024-25. This accomplishment highlights the success of sustained investments and policy measures aimed at improving the country’s inland waterway infrastructure. Additionally, the number …
According to the Telecom Subscription Data from the Telecom Regulatory Authority of India (TRAI) for February 2025, Indian telecom service providers Bharti Airtel and Reliance Jio saw an increase in wireless subscribers, while Vodafone Idea (Vi) and the state-owned BSNL experienced a decline in subscribers during the same period. The total number of wireless subscribers …
The Ministry of Coal has launched a transformative initiative aimed at revitalising India’s coal sector, with a special focus on underground mining. This forward-looking policy package addresses long-standing challenges in the segment, such as high capital requirements and extended gestation periods, by offering a range of financial incentives and strategic reforms. The initiative aligns …
The Delhi government has extended its current Electric Vehicle (EV) Policy by 3 months due to the complexity of proposals in the new draft. This decision came after a Cabinet meeting led by Chief Minister Rekha Gupta. The draft policy, called Delhi EV Policy 2.0, has been shared with automakers for their feedback. Why is …
Amid the interconnected and volatile global economy, the performance of major nations is being closely watched by investors, policymakers, and major financial institutions. As the world struggles with inflationary pressures, trade disputes, and geopolitical tensions, economic forecasts are being frequently revised to reflect shifting realities. Among these dynamics, India stands out—not just for its resilience, …
If your housing society is still managed by the builder and not a formal Resident Welfare Association (RWA), you might be wondering whether Goods and Services Tax (GST) applies to your monthly maintenance charges. It’s a valid concern, especially as tax scrutiny in this area grows. Here’s a breakdown of when GST applies, who needs …
The hand and power tools industry serves as a critical backbone of global manufacturing, supporting essential sectors like construction, automotive, electronics, and infrastructure. In April 2025, NITI Aayog, in collaboration with the Foundation for Economic Development, released “Unlocking $25+ Billion Exports: India’s Hand & Power Tools Sector.” This report outlines a strategic plan to scale India’s …
The Bureau of Indian Standards (BIS), under the Government of India, has announced internship opportunities for 500 students from its partner institutions. The initiative aims to deepen academic engagement in the area of standardisation and was revealed during the Annual Convention of BIS Standardisation Chairs and Nodal Faculty of MoU Partner Institutions held recently. …
