The details of ITR filings released by the Income Tax department can shock you. As of March 31, 2025, 3.24 lakh individuals filed income tax returns (ITR) for over ₹1 crore! Of these, 2.97 lakh individuals reported incomes between ₹1 and ₹5 crore! ITR Filings By High-Income Earners The data shows 16,797 individuals filed ITRs …
In a progressive move, the Department of Personnel and Training (DoPT) has issued an order allowing female government employees and pensioners to nominate their children for family pension, instead of their husband, under specific legal circumstances. This decision marks a significant step towards protecting the interests of women navigating marital disputes or facing domestic challenges. …
As per news reports, India is unlikely to immediately retaliate against the 26% tariff imposed by President Donald Trump on US imports from the country. The Indian government is prioritising negotiations for a bilateral trade agreement that could lead to reduced duties and more balanced trade relations. Pursuit of a Balanced Trade Agreement According to …
The Reserve Bank of India (RBI) commenced its bi-monthly meeting on Monday, April 7, to review and set the key benchmark interest rates, or repo rates. RBI MPC will mark the first monetary policy session for the FY2025- 26 and will determine the central bank’s lending rates, with the decision to be announced on Wednesday, …
India’s startup ecosystem has come a long way, with multiple unicorns in delivery, fintech, and e-commerce. Yet, at Startup Mahakumbh 2025, Union Commerce Minister Piyush Goyal challenged this growth narrative. In a thought-provoking address, he urged entrepreneurs to pivot from convenience-based solutions to deep technology and innovation-led models that could position India as a global …
India’s commercial real estate sector has reached a new peak in the March quarter, largely driven by the rapid expansion of Global Capability Centres (GCCs). These centres, which serve as offshore hubs for multinational corporations, have significantly increased the demand for premium office spaces in key cities such as Bengaluru, Hyderabad, and Pune. The presence …
What is UPI and Why It Matters The Unified Payments Interface (UPI) is India’s flagship real-time digital payments system, enabling instant money transfers between bank accounts through mobile devices. Developed and managed by the National Payments Corporation of India (NPCI), UPI has revolutionised peer-to-peer and merchant payments, becoming the backbone of India’s digital economy. With …
At the Startup Maha Kumbh 2025, Union Commerce Minister Piyush Goyal made a pointed observation: “We are making food/hyper delivery apps; creating cheap labour so that the rich can have a meal without stepping out while the Chinese are working on EVs, AI and semiconductors.” His statement highlights the gap between the current focus of …
Category: Market Update In a significant move to simplify and unify Know Your Customer (KYC) norms across India’s financial ecosystem, the Modi 3.0 government is taking concrete steps to roll out a uniform KYC framework. This initiative is aimed at streamlining access to financial services and improving customer convenience, while also reducing redundancy and strengthening …
In a significant push towards rural development, the Union Government of India has disbursed over ₹1,440 crore in grants under the 15th Finance Commission (XV-FC) to Rural Local Bodies (RLBs) and Panchayati Raj Institutions (PRIs) across five states. These funds aim to empower grassroots governance and improve basic infrastructure and service delivery in rural India. …
