In the first budget of the Modi 3.0 government, Finance Minister Nirmala Sitharaman announced significant changes to income tax slabs and standard deductions aimed at providing relief to taxpayers. The revised tax structure and deductions are expected to result in substantial savings for individuals, particularly benefiting the middle class. Revised Income Tax Slabs The new…
Another Hindu temple has been vandalised in Canada with anti-India graffiti painted on the walls. · Vishwa Hindu Parishad (VHP) in Canada condemned the act and called on the government to take decisive action against extremist ideologies. · Khalistani extremists have been promoting hate and violence with little consequence. · The anti-India activities by Khalistan supporters have intensified…
Finance Minister Nirmala Sitharaman presented her seventh consecutive budget on Tuesday for the fiscal year 2024-25, marking a significant moment with major announcements for Andhra Pradesh and Bihar. The budget includes substantial investments in infrastructure, education, agriculture, and youth employment, aiming to drive economic growth and development across these states. Andhra Pradesh Capital Development A…
For decades, India’s finance ministers carried a briefcase to present the budget. This practice, rooted in British tradition, symbolized the weight and significance of the financial exercise. However, Finance Minister Nirmala Sitharaman broke this long-standing tradition in 2019 with a bahi khata and further modernized it with a tablet in 2021. As she prepares to…
Ambulance services are crucial in providing critical care to patients, especially in emergencies. The government has been prioritizing these services to ensure that even the most remote areas have access to necessary healthcare. In the Mayurbhanj district, the introduction of the ‘Bike Ambulance’ service has been transformative, overcoming geographical constraints to deliver timely medical assistance….
The Indian economy showcases remarkable resilience and stability despite global geopolitical challenges, according to the Economic Survey 2023-24. Presenting the 476-page survey in the Indian Parliament on July 22, Finance Minister Nirmala Sitharaman highlighted the successful consolidation of India’s post-Covid recovery. Role of Fiscal and Monetary Policies The survey credits both fiscal and monetary policymakers…
On Monday, Vigilance officials carried out extensive raids on properties linked to Basanta Kumar Dash, the Deputy Director of Fisheries (Brackish Water) in Cuttack, Odisha. These raids were conducted following allegations of misappropriating government funds amounting to Rs 1.05 crore. Allegations and Initial Findings Dash, a senior fishery official, is accused of transferring substantial amounts…
The Centre has decided not to grant special status to Bihar. This decision came after Janata Dal (United) MP Ramprit Mandal raised the issue in parliament. Minister of State for Finance Pankaj Chaudhary responded in writing. He stated that Bihar does not meet the criteria for special status. Criteria for Special Status Special Category Status…
Byju Raveendran, once a mathematics teacher turned billionaire entrepreneur, now faces his toughest challenge. His ed-tech company, Byju’s, has plummeted from a $22 billion valuation to below $2 billion. Accusations of financial mismanagement and compliance issues have led to insolvency proceedings, casting a shadow over his legacy. Rise to Prominence Raveendran’s journey began humbly in…
On Sunday, President Joe Biden announced he would not seek re-election in 2024, endorsing Vice President Kamala Harris for the Democratic nomination. This announcement prompted reactions from leaders worldwide, who lauded Biden’s long and impactful career. Democratic and Republican Reactions Democrats praised Biden’s dedication and legacy, emphasizing his many years of public service. Republicans, on…
