President Donald Trump on Thursday further disrupted the global trade system by announcing reciprocal tariffs on other nations, a move aimed at aligning US import tariffs with the tax rates imposed by other countries. Trump Declares Equal Tariffs on Imports Trump announced while speaking to reporters, stating that the US would match tariffs imposed by …
Namdhari Seeds has taken a significant step in its global expansion by acquiring 100 per cent of Axia Vegetable Seeds’ open-field vegetable seed business. This strategic acquisition reinforces Namdhari Seeds’ presence in key international markets, including North America, South America, the Middle East, Africa, and Europe. With this move, the company aims to enhance its …
Prime Minister Narendra Modi’s visit to the US for a high-stakes meeting with President Donald Trump is set to focus on key issues impacting both nations. From navigating trade negotiations amid the “America First” policy to addressing immigration concerns, the talks are expected to cover global issues like the Ukraine-Russia conflict and Israel-Gaza situation. Check …
The newly introduced Income Tax Bill, which has been shared with Parliament members, seeks to replace the existing Income Tax Act of 1961 with the updated Income Tax Act, 2025. Spanning a total of 622 pages, this bill is set to be implemented starting April 1, 2026. It includes 23 chapters and 16 schedules. In …
The Reserve Bank of India (RBI) was prepared to inject ₹2,50,000 crore into the banking system through its Variable Rate Repo (VRR) auction on Wednesday to improve liquidity. The central bank explained that the amount was determined after assessing current liquidity conditions. Additionally, the RBI announced that it would hold daily VRR auctions on all …
Feb 13, 2025, marks the one-year anniversary of PM Surya Ghar: Muft Bijli Yojana (PMSGMBY). A year back, Prime Minister Narendra Modi launched this yojana to provide free electricity by facilitating the installation of rooftop solar panels. The scheme makes renewable energy more accessible and affordable by offering subsidies of up to 40% on rooftop …
Union Finance Minister Nirmala Sitharaman will present the Income Tax Bill 2025 in Parliament today. The bill aims to simplify tax laws, remove outdated provisions, and make tax compliance easier. If approved, it will replace the Income Tax Act of 1961 and take effect from April 1, 2026. The bill will then be reviewed by …
The Karnataka government has launched its Industrial Policy 2024-29, aiming to generate 20 lakh employment opportunities by 2029. The policy was unveiled at the Global Investors Meet – Invest Karnataka 2025 and focuses on boosting manufacturing growth, attracting investments, and making the approval process easier for businesses. Key Objectives of the Policy Increase the manufacturing …
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, …
