The Ministry of Finance formally notified Form ITR-B through the Gazette of India. This newly introduced income tax return form is specifically designed for taxpayers who are required to declare previously undisclosed income discovered during search or requisition operations conducted on or after September 1, 2024. Unlike standard ITR forms that demand extensive disclosures, Form …
The Employees’ Provident Fund Organisation (EPFO), under the Ministry of Labour and Employment, has announced 2 major simplifications to its claim settlement process. These changes aim to enhance the ease of living for over 7.7 crore EPF members and also ease the operational burden on employers. Key Reform 1: No More Uploading of Cheque Leaf …
In a landmark move to enhance digital identity accessibility and security, the Indian government, under the leadership of Union Minister Ashwini Vaishnaw, has launched a next-generation Aadhaar app. This application aims to eliminate the dependence on physical documents and streamline the verification process for Indian citizens. Built in collaboration with the Unique Identification Authority of …
In a major boost to the vision of Atmanirbhar Bharat, the government has notified a ₹22,919 crore incentive scheme to strengthen India’s domestic electronics manufacturing capabilities. The scheme covers a broad range of critical components, including camera modules, displays, lithium-ion cells for digital devices, non-surface mount devices, and multi-layer printed circuit boards (PCBs). Launched by …
The Employees’ Provident Fund Organisation (EPFO) has introduced a new method for employees to generate and activate their Universal Account Number (UAN) using Aadhaar-based Face Authentication Technology (FAT). This feature is now available through the UMANG mobile application. UAN Generation Now Possible Without Employer Earlier, the UAN generation process was handled by employers, who submitted …
The Government of Odisha has allocated 78 acres of land in Dhenkanal to Inox Solar, a subsidiary of Inox Clean Energy under the INOXGFL Group, for setting up a solar cell and module manufacturing facility. As of 9:39 AM on April 9, 2025, Inox Green Energy Services share price was trading at ₹104.79 , 3.79% …
In a country where millions remain outside the ambit of formal financial systems, financial literacy is more than a skill — it’s a necessity. Recognising this, the Investor Education and Protection Fund Authority (IEPFA), in collaboration with the India Post Payments Bank (IPPB), has launched Phase 2 of the “Niveshak Didi” initiative — a pioneering …
Several taxpayers in India, especially those who revised their income tax returns (ITRs) in January 2025, are now facing unexpected demand notices from the Income Tax Department. These individuals, despite having a total income of less than ₹7 lakh, are being denied the Section 87A rebate. What Is the Core of the Controversy? The notices …
The Delhi government has released the draft of its Electric Vehicle (EV) Policy 2.0, following the expiry of its previous policy on March 31. The earlier policy has been extended by 15 days, and the new draft is currently pending cabinet approval. No More CNG Auto Registrations After August 15 From August 15, 2024, the …
The State Bank of India (SBI) has introduced changes to its ATM transaction policies, which took effect from February 1, 2025. These revisions impact both financial and non-financial ATM transactions for savings account holders using SBI and other bank ATMs. The update aims to standardise ATM usage limits, encourage digital banking, and create a more …
