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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
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
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
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