The Telangana government has initiated the construction of a new Osmania Hospital, aimed at addressing both the current and future healthcare needs of the state. The foundation stone ceremony for the hospital is scheduled for today at Gosha Mahal, with Chief Minister Revanth Reddy presiding over the event. Deputy CM Bhatti Vikramarka and several other ministers and MLAs will also attend the groundbreaking ceremony. This project is a priority for the Congress government, which has committed to

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

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

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

Blue Origin's long-awaited New Glenn rocket is preparing for its inaugural launch on Sunday, signaling a major step forward for Jeff Bezos’ space company and a potential challenge to Elon Musk’s SpaceX. Standing 30 stories tall, New Glenn represents a significant multibillion-dollar effort by Blue Origin to compete with SpaceX’s Falcon 9 and capture a share of the growing satellite constellation launch market. If successful, New Glenn will also enable the deployment of A

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

On Friday, Prime Minister Narendra Modi will inaugurate a series of transformative development projects in New Delhi. The initiatives include the opening of 1,675 newly constructed flats for residents of Jhuggi Jhopri (JJ) clusters under the slum rehabilitation program, aimed at providing better living conditions with modern amenities. In addition, PM Modi will lay the foundation stone for a new Veer Savarkar College at Roshanpura, Najafgarh, which will offer state-of-the-art facilities for h

On Wednesday night, a mass shooting occurred outside the Amazura nightclub in Queens, New York, injuring at least 10 people. The shooting took place around 11:20 pm near the club in Jamaica, where approximately 80 people had gathered outside the venue. Although the victims sustained injuries, none are believed to be in critical condition, and they are all expected to survive. The injured were transported to Long Island Jewish Hospital and Cohen's Children Medical Center for treatment.

On New Year’s Day, hundreds of anti-Israel demonstrators gathered in New York City's Times Square to rally for an "intifada revolution." The protest was organized by groups such as the Palestinian Youth Movement, Party for Socialism and Liberation, and the People's Forum. Attendees waved Palestinian flags and held signs that read slogans like "Zionism is cancer" and &qu

The highly anticipated OnePlus Watch 3 is expected to launch soon as the successor to the OnePlus Watch 2, which debuted at MWC 2024. Recent reports have revealed several features of the smartwatch, but a new update has introduced the possibility of a Pro variant. According to a report, the "OnePlus Watch 3 Pro" was discovered in the source code of the OHealth app, alongside the Oppo Watch X2 series monikers. This suggests that the OnePlus Watch 3 Pro and Oppo Watch X2 could share s

As the New Year 2025 approaches, many cultures around the world celebrate with traditional foods believed to bring good luck, prosperity, and happiness for the year ahead. From lentils to fish, these foods symbolize various aspects of wealth, health, and good fortune. Whether you're looking to add a bit of cultural flavor to your celebrations or simply want to try something new, here are some popular New Year's foods from across the globe that are said to bring good luck. 8

Sydney's New Year's Eve celebrations draw massive crowds, with festivities reaching their peak during the midnight fireworks display. While the energy of the night is thrilling, it also presents certain risks, particularly when it comes to overcrowding, alcohol-related violence, and other hazards. One of the primary dangers of large public gatherings is the risk of a crowd crush, which can occur when crowds become too dense, pushing individuals uncontrollably forward. These situations

Tonight, skywatchers will be treated to a rare and exciting astronomical event: a black moon, which is the second new moon to occur in December. While blue moons, or two full moons in a month, are relatively well-known, black moons are much rarer and are often misunderstood. A black moon occurs when the second new moon of the month takes place, and the new moon’s natural invisibility is further enhanced. As a result, this phenomenon makes it difficult to spot with the naked eye, but it

Chinese New Year, also known as the Spring Festival, follows the lunar calendar and is one of the most significant cultural celebrations for the Chinese people. In 2025, Chinese New Year will begin on January 29, ushering in the "Year of the Wood Snake." The Chinese zodiac, which consists of 12 animals, assigns one animal and one element (Wood, Fire, Earth, Metal, Water) to each year. In 2025, the Snake is paired with the element Wood, which symbolizes adaptability and creativity. T

With New Year's Eve celebrations in full swing, cities across India are taking extra precautions to ensure safety and prevent road accidents. Police in major cities, including Delhi, Mumbai, Noida, and Hyderabad, have issued detailed advisories to discourage drunk driving and manage the heavy traffic expected as partygoers head home late at night. The guidelines aim to ensure a safe and enjoyable evening for everyone, while keeping dangerous driving behaviors in check. In Mumbai

Between April and November 2024, the Indian government dispersed Rs 3.08 lakh crore in income tax refunds, reflecting a significant 46% increase compared to the same period last year. As of November 22, about 98.35% of Income Tax Returns (ITRs) filed have been e-verified, with a record-breaking 69.93 lakh ITRs submitted on a single day, July 31. The total number of ITRs filed by November 22 stands at 8.50 crore, a 7.32% increase from the previous year. The introduction of innovation

Union Finance Minister Nirmala Sitharaman will chair the 55th GST Council meeting in Jaisalmer, Rajasthan, on Saturday, December 21. This meeting will focus on several important discussions related to the Goods and Services Tax (GST) in India. The agenda includes deliberations on taxability issues concerning food delivery platforms such as Swiggy and Zomato, and potential changes to GST rates on products like health insurance premiums, life insurance, wristwatches, shoes, and apparel. The cou

India introduced the Goods and Services Tax (GST) in 2017 to simplify the tax structure and reduce the tax burden. Recent data shows that the gross GST collection for October 2024 rose by 9% to ₹1.87 lakh crore, a record second-highest figure. However, a recent proposal by the Group of Ministers (GoM) on GST Rates Rationalisation suggests a new 35% GST slab on products like aerated drinks and tobacco, which has raised concerns. The proposal aims to target 'sin' products such as thos

Bangladesh's interim government has accused Adani Power of breaching a multi-billion-dollar agreement related to the supply of electricity from its coal-fired plant in India. The dispute centers on Adani Power withholding tax benefits that the power plant was entitled to under the agreement. The Indian company signed a deal with Bangladesh in 2017 to supply power from the Godda plant, but Dhaka claims that Adani Power failed to pass on the tax exemptions it received from the Indian govern