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
Centre convenes all-party meet today ahead of Budget Session

Centre convenes all-party meet today ahead of Budget Session

The Centre has convened an all-party meeting on Sunday ahead of the Budget Session of Parliament. The Budget Session will commence on Monday (July 22) and will conclude on August 12. Finance Minister Nirmala Sitharaman will present the Union budget in Parliament on July 23. Jul 22, 2024
Bangladesh imposes 'shoot-on-sight' order as death toll rises to 133 amid protests

Bangladesh's Quota Protests: Government's 'Shoot-on-Sight' Order Escalates Tensions

In a dramatic escalation of civil unrest, the government of Bangladesh has imposed a 'shoot-on-sight' order and a nationwide curfew in response to student-led protests against the quota system in government jobs. The protests, which have been ongoing for weeks, have resulted in the tragic loss of 133 lives, marking a grim milestone in the country's struggle for social justice. Jul 21, 2024