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Finance Minister Nirmala Sitharaman

Comprehensive review of Income Tax Act announced in Union Budget

Finance Minister Nirmala Sitharaman announced a comprehensive review of the Income Tax Act, 1961 to simplify the tax regime. The tax regime for charities, TDS rate structure, and capital gains taxation are also being simplified. The government's efforts to simplify taxes are part of a broader effort to improve taxpayer services and reduce litigation. The government also announced measures to make life and health insurance plans more affordable. Jul 23, 2024
Finance Minister Nirmala Sitharaman

Union Budget 2024: What becomes costlier now?

With Finance Minister Nirmala Sitharaman announcing a major reduction in customs duty on cancer drugs and mobile phones, it is set to considerably bring down their prices in the market. The three cancer drugs are Trastuzumab deruxtecan, Osimertinib and Durvalumab. Jul 23, 2024
No special status to Bihar, reiterates Centre in Lok Sabha; RJD takes 'toy' jibe

No special status to Bihar, reiterates Centre in Lok Sabha; RJD takes 'toy' jibe

The Centre on Monday ruled out special status to Bihar, a long-standing demand by the state-based parties including BJP's key ally JD (U). The rejection of special status resulted in pointed jibes from Lalu Yadav's Rashtriya Janata Dal (RJD) which also demanded the resignation of Bihar Chief Minister Nitish Kumar. Jul 22, 2024
Union Budget: India to give further push to green energy

Union Budget: India to give further push to green energy

The Union Budget 2024-2025 will give a further push to prioritise environmental, social, and governance (ESG) and sustainability initiatives to drive long-term economic growth and environmental resilience, experts said on Monday. Jul 22, 2024
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