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 The bill aims to simplify tax laws, remove outdated provisions, and make tax compliance easier.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, …
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 …
