The draft Income-Tax Bill 2025, which aims to replace the old Income Tax Act of 1961, will be presented in Parliament on Thursday. This 622-page bill introduces simpler tax terms, updates tax rules, and modernises compliance processes. If passed, the law will come into effect from April 1, 2026. Simplified Terminology The new bill will …
As the parliamentary session unfolds, various bills are presented for discussion, each following a distinct process to become an act. Some bills require approval solely from the Lok Sabha (the lower house), while others must also pass through the Rajya Sabha (the upper house) to gain enactment. With the recent announcement in the Budget 2025, …
India’s inflation trends for January 2025 reveal a mixed picture, with headline inflation showing a notable decrease, especially in food prices, signalling some positive shifts for the economy. Alongside inflation statistics, industrial production data for December 2024 has also been released, offering insights into the performance of key sectors like mining, manufacturing, and electricity. Let’s …
On Monday, February 10, 2025, the Reserve Bank of India (RBI) announced it will double the size of its open market operation (OMO) purchase to ₹40,000 crore on February 13, up from the previously planned ₹20,000 crore. The move aims to ease the ongoing liquidity deficit in the banking system. “Based on a review of …
The Reserve Bank of India (RBI) has announced details for the premature redemption of Sovereign Gold Bonds (SGB) under the 2019-20 Series IX. Investors holding these bonds will have the option to redeem them on February 11, 2025, marking the first eligible early exit date for this tranche. Eligibility for Premature Redemption SGBs come with …
India Energy Week (IEW) 2025 has officially commenced at Yashobhoomi, Dwarka, New Delhi, from February 11th to 14th, 2025. As one of the most anticipated global energy events, it brings together industry leaders, policymakers, innovators, and professionals to shape the future of energy. With over 700 global exhibitors and 70,000+ attendees, the event serves as …
The recently announced Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) is set to bring substantial foreign investment to India. According to Union Minister of Commerce & Industry, Mr. Piyush Goyal, EFTA nations—comprising Iceland, Liechtenstein, Norway, and Switzerland—have pledged Rs. 8,74,500 crore (US$ 100 billion) in Foreign Direct …
India, long recognised as the pharmacy of the world, is set to experience a significant expansion in pharmaceutical exports. With a target of ₹30,76,500 crore (US$ 350 billion) by 2047, the country’s pharma industry is expected to grow 10 to 15 times from its current export value of ₹2,37,330 crore (US$ 27 billion) in 2023. …
Tourism is a significant contributor to India’s economy, but its rapid growth also presents environmental and socio-economic challenges. Recognising this, the Ministry of Tourism has formulated a National Strategy for Sustainable Tourism, focusing on key pillars that ensure responsible travel while preserving natural and cultural heritage. Strategic Pillars of Sustainable Tourism The Ministry has identified …
The Indian Navy has made remarkable strides in embracing the spirit of ‘Aatmanirbharta’ (self-reliance), transitioning from a Buyer’s Navy to a Builder’s Navy. Over 60 warships are currently being constructed in Indian shipyards, highlighting its commitment to indigenisation. Naval Aviation, an integral part of the Navy, is steadfast in its efforts to achieve self-reliance. As …
