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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
Over 34.7 cr Ayushman Bharat cards generated: Economic Survey

Ayushman Bharat cards cross 34.7 crore; leads nation's healthcare tranformation

In a significant stride towards universal healthcare, India's Finance Minister Nirmala Sitharaman announced that over 34.7 crore Ayushman Bharat cards have been generated. This announcement was made during the tabling of the Economic Survey document in Parliament, a day before the Union Budget announcement. Jul 22, 2024
NEET

India's Educational Landscape: A Transformation in Progress

India's education landscape is transforming, with 26.52 crore students in schools and 4.33 crore in higher education, according to the Economic Survey 2023-24.The New Education Policy 2020 is driving this change, focusing on foundational literacy and numeracy, and lifelong learning. Jul 22, 2024
Microsoft

Aftermath of Microsoft Outages

Microsoft incident serves as a crucial learning opportunity for organizations worldwide. It emphasizes the importance of preparedness, the need for continuous improvement in cybersecurity measures, and the value of collaboration between public and private sectors. Jul 20, 2024
Consumption of natural gas rises by 7 pc in June as more Indians switch to green fuel

Going green? Consumption of natural gas rises by 7% in June

The consumption of natural gas in India went up 7.1 per cent in June to 5,594 million metric standard cubic metres (MMSCM), this year compared to the same month last year, as more households across the country are using the fuel for cooking; the demand is also rising in the urban transport segment, according to data compiled by the Ministry of Petroleum and Natural Gas. Jul 18, 2024
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