Income Tax: Union Budget 2025 introduces a revamped tax regime, with key reforms aimed at providing relief to the middle class. The new tax slabs are as follows: Up to Rs 4 lakh - 0% Rs 4-8 lakh - 5% Rs 8-12 lakh - 10%

Projected Economic Growth India’s economy is expected to grow between 6.3% to 6.8% in the financial year 2025-26 (FY26). This forecast comes from the Economic Survey 2024-25 presented by Finance Minister Nirmala Sitharaman in Parliament. Economic Fundamentals The survey highlights that the

Ahead of their Davis Cup 2025 World Group I Playoff tie against Togo, Team India has made extensive preparations, ensuring that the squad is well-acclimatized and sharp for the upcoming matches at the DLTA Complex in New Delhi. The team, led by Captain Rohit Rajpal, consists of seasoned players like N Sriram Balaji, Ramkumar Ramanathan, and Mukund Sasikumar, alongside debutants Rithvik Bollipalli and Karan Singh. Captain Rajpal emphasized the importance of team cohesion and getting used to th

DTC to Be Introduced Separately: Sources have confirmed that the much-anticipated Direct Tax Code (DTC), which seeks to simplify India’s income tax laws, will be introduced separately and not as part of the Union Budget 2025. Finance Minister Nirmala Sitharaman is expected to deliver the budget speech on Saturday, but the new tax code will be presented at a later date. This move marks a shift from earlier reports suggesting the DTC would be included with the budg

In a heartfelt announcement on Friday, Indian equestrian Anush Agarwalla revealed the end of his seven-year partnership with his horse, Manni, who will now retire from competitive sport. The duo shared numerous successes, including a gold medal in the dressage team event and a bronze in the individual event at the 2023 Hangzhou Asian Games. In an emotional Instagram video, Agarwalla expressed gratitude for Manni's support, saying that the horse had been central to his achievemen

Boosts Immunity Citrus fruits are packed with vitamin C, a potent antioxidant that plays a key role in strengthening the immune system. Vitamin C helps stimulate the production of white blood cells, which are crucial for defending the body against infections and illnesses. Regular consumption of citrus fruits can help reduce the duration and severity of colds and s

D Gukesh has continued his rapid ascent in the world of chess by overtaking Arjun Erigaisi to become the highest-ranked Indian chess player in the latest FIDE rankings. The 18-year-old achieved this milestone after winning his second game in the prestigious Tata Steel Tournament in Wijk Aan Zee, Netherlands, defeating Germany’s Vincent Keymer. Gukesh now holds an impressive rating of 2784 points, putting him at fourth place globally, while Erigaisi, the previous highest-ranked Indian, h

 Indian IT companies are set to benefit from a resurgence in discretionary technology spending, which is expected to lead to incremental revenue growth. After a prolonged downturn, demand is picking up, driven by easing macroeconomic factors such as rate cuts and the new U.S. administration's policies. Key IT players like Tata Consultancy Services (TCS), Infosys, Wipro, and HCLTech have seen a positive shift in discretionary spending across sectors, including BFSI and retail.

With the Modi government set to present its second full budget for the third term in power, the middle and lower-income groups across India are hopeful for key reforms that could alleviate their financial burdens. The anticipated reforms in Budget 2025 include tax relief measures, simplification of income tax laws, and a focus on financial literacy, insurance, and retirement savings. Key Expectations from Budget 2025 Insurance Sector Reforms:

House Rent Allowance (HRA) is a component of an employee’s salary provided by employers to help cover rental expenses. Depending on various conditions, HRA may be partially or fully exempt from taxes. However, to benefit from this exemption, employees need to meet specific criteria. Is HRA Taxable? While HRA is part of an employee’s salary and is initially included in taxable income, it can be exempt under certain conditions. If the employee lives in a rented

ISRO's Liquid Propulsion Systems Centre (LPSC) has successfully completed the integration of the liquid propulsion system for the Crew Module of Gaganyaan, India's first human spaceflight mission. On January 21, 2025, ISRO dispatched the Crew Module to the Satish Dhawan Space Centre in Sriharikota for further processing and integration. This uncrewed mission, known as Gaganyaan (G1), is a crucial step in ISRO's efforts to acquire human spaceflight capabilities. The Crew

The U.S. decision to withdraw from the Organisation for Economic Co-operation and Development’s (OECD) global tax deal, led by President Trump in his second term, could lead to significant shifts in the global tax landscape. However, according to tax expert Rakesh Nangia, India's tax policy will not be heavily impacted by this move. India had taken a more cautious approach toward implementing the Global Anti-Base Erosion (GloBE) rules and had not introduced substantial changes to it

The HSBC Hurun Global Indians List 2024 recognizes 226 Indian-origin leaders who are running 200 of the world’s most valuable companies, collectively worth an astounding $10 trillion. Among the leaders, Microsoft CEO Satya Nadella, Alphabet CEO Sundar Pichai, and Vedanta Chairman Anil Agarwal stand out, with Nadella taking the top spot. This list reflects a growing dominance of Indian-origin leadership in global business, particularly in the software and services sector, which accounts

Following the Indian cricket team’s defeat in the Test series against Australia, the BCCI (Board of Control for Cricket in India) has introduced a new  guidelines aimed at promoting discipline, team cohesion, and reducing the influence of 'star culture' within the team. These rules come after consultation with head coach Gautam Gambhir and are designed to ensure a more unif

Continuing their unbeaten streak in the Kho Kho World Cup, the Indian women's team defeated Malaysia in commanding fashion to secure a spot in the quarterfinals. The match, held in New Delhi on Thursday, showcased India’s dominance with several spectacular 'Dream Runs' and tactical mastery. The match began with India's defenders Bhilar Opinaben and Monika setting the pace in the opening batch, leading to an evenly matched start with both teams tied at 6-6 by th

Study Overview: A study conducted by the Graduate School of Medical Sciences at Kanazawa University explored the effects of green tea consumption on brain health in older adults. Key Findings: Drinking three or more glasses of green tea per day was linked to fewer cerebral white matter lesions in older adults. White matter les

Shares of prominent gaming companies, including Delta Corp. and OnMobile Global Ltd., surged on Friday after the Supreme Court of India granted a stay on the proceedings regarding show cause notices (SCNs) issued by the tax department. These notices were linked to the proposed imposition of a 28% Goods and Services Tax (GST) on online gaming companies, which had caused significant concern within the industry. Abhishek A Rastogi, the founder of Rastogi Chambers, representing the gaming compani

For many young people, managing bills and budgets can leave very little room for savings, but even small investments in tax-free schemes can significantly contribute to building a secure financial future. These investments act as a foundation for a solid tax strategy, offering benefits under the old tax regime with annual investment limits. Section 80C Under Section 80C of the Income Tax Act, you can invest in options like the Public Provident

The article discusses the growing inequality in the workforce, particularly for low-wage service workers who lack access to essential benefits like paid holidays, vacation days, and sick leave. It addresses the issue that many workers in the service industry, often categorized as "low-skilled," are essential to the economy, yet they are largely ignored in policy discussions. Despite fears surrounding AI and automation, many of these jobs—such as those in restaurants, hotels, a

The United States will soon allow highly skilled professionals, especially Indians working in specialized fields, to renew their H-1B visas without leaving the country. This change follows a successful pilot program launched a year ago, which involved approximately 20,000 participants. The new process, aimed at making visa renewals quicker and more convenient, eliminates the need for applicants to travel back to their home countries for a visa stamp. This has been a long-awaited relief for ma