As the new financial year begins on April 1, 2025, taxpayers, investors, and banking customers in India must prepare for several important changes in financial regulations. These reforms, previously announced by the government and regulatory bodies, are aimed at improving compliance, digital security, and financial transparency. Here’s a simple breakdown of the key changes that come into effect starting April 1.   1. Higher Income Tax Exemption Limit

Ugadi, also spelled as Yugadi, marks the beginning of the New Year as per the Luni-Solar calendar. It is one of the most significant festivals celebrated in the southern Indian states of Andhra Pradesh, Telangana, and Karnataka. The festival not only signals the onset of a new year but is also observed as a harvest festival, celebrating abundance, renewal, and spiritual prosperity. In 2025, Ugadi falls on March 30. According to Hindu Panchang, the Prati

Eid-ul-Fitr is one of the most significant festivals for Muslims across the globe. It marks the end of Ramadan, a month of fasting, prayer, and reflection. The festival is celebrated on the first day of Shawwal, the tenth month of the Islamic calendar (Hijri), and its exact date depends on the sighting of the crescent moon.   Eid-ul-Fitr 2025 Date in India In India, Eid-ul-Fitr is likely to be observed either on March 30 (Sunday) or March 31

The Income Tax Department has issued a crucial reminder for taxpayers regarding the final instalment of advance tax for the financial year 2024-25. As per the official directive, taxpayers must clear their advance tax dues by March 15, 2025, to ensure compliance with Indian tax laws. Timely payment of advance tax not only prevents interest penalties but also contributes to the government's efforts towards economic growth, supporting the ‘Viksit Bharat Movement’ aimed at making

The excitement surrounding India's 2025 Champions Trophy victory continues to resonate with fans and players alike. Indian middle-order batter Shreyas Iyer shared his overwhelming emotions after helping India secure its third ICC 50-over trophy in history. India triumphed over New Zealand by four wickets in the final on Sunday, becoming the most successful team in the Champions Trophy's history. Reflecting on the victory, Iyer expressed his joy in a video shared by the Indian cricket

  A tragic shooting in Newark on Friday night left one police officer dead and another critically injured, sending shockwaves through the community and prompting a swift law enforcement response. The incident unfolded around 6:30 p.m. near the intersection of Carteret Street and Broadway, close to a White Castle restaurant, where officers encountered gunfire under circumstances that remain under investigation. Authorities have confirmed that three suspects were taken

International Women's Day is an annual global event dedicated to celebrating the achievements of women across various sectors while advocating for gender equality, social justice, and women's empowerment. Observed on March 8 each year, the day brings attention to key issues that impact women worldwide, including workplace equality, legal rights, access to education, and social inclusion. In 2025, the event holds additional significance as it marks the 30th anniversary of the Beijing D

India continued its unbeaten run in the Champions Trophy 2025, securing a 44-run victory over New Zealand in a low-scoring thriller. With Varun Chakravarthy’s five-wicket haul leading the charge, India’s spinners showcased their strength, defending a total of 249/9. Despite a resilient innings by Kane Williamson, New Zealand struggled against India’s well-coordinated spin attack, failing to chase the target.The win marked India’s third consecutive victory in the league

Choosing the right tax regime is an important decision for taxpayers in India. The old and new tax regimes offer different benefits, and individuals must carefully analyze their financial situation before selecting the most suitable option. While salaried employees have the flexibility to switch every year, business professionals have a more restricted choice.The decision between the two regimes depends on factors such as tax-saving investments, exemptions, and deductions. Understanding these

  Fire Destroys Buildings on Vosseller Avenue, Causes Road Closures and Displaces Families A massive fire erupted on Vosseller Avenue late Friday morning, severely damaging multiple buildings and forcing the evacuation of several residents. The fire, which started around 10:30 a.m. between two structures, prompted an immediate emergency response as flames quickly spread.

The Union Budget 2025 has brought a major tax relief for the middle class, with Finance Minister Nirmala Sitharaman announcing that individuals earning up to ₹12 lakh annually will have zero tax liability under the new tax regime. Additionally, salaried individuals can claim a standard deduction of ₹75,000, effectively making income up to ₹12.75 lakh tax-free. This move is aimed at simplifying tax compliance and increasing disposable income for millions of taxpayers.  

  An American Airlines flight en route from New York City to New Delhi experienced an unexpected diversion on Sunday afternoon when it landed at Rome’s Leonardo da Vinci International Airport following a security alert. The incident, which has since been labeled as a “non-credible” concern by the airline, underscores the rigorous protocols that govern air travel safety in today’s dynamic security environment. T

  A powerful gas explosion rocked a multi-use building in Perth Amboy, New Jersey, on Thursday afternoon, leaving one person injured and several others displaced. The blast, which occurred at a juice bar located at 232 Hall Avenue, sent debris flying, shattered windows, and ignited a fire within the establishment. Emergency responders quickly arrived at the scene to control the fire and secure the area.

Babar Azam, the Pakistan cricket team captain, has achieved a significant milestone during the final of the ODI tri-series against New Zealand at the National Stadium on Friday. He became the joint-fastest batter to reach 6,000 runs in One Day Internationals (ODIs), matching the record set by South African legend Hashim Amla, who also reached the mark in 123 innings.Babar’s achievement not only made him the joint-fastest to this landmark, but he also became the fastest Asian batter to s

The Union Budget 2025 has introduced significant changes to the income tax regime, offering relief to middle-class taxpayers. Finance Minister Nirmala Sitharaman proposed raising the basic exemption limit to Rs 4 lakh and increased the income threshold for the rebate under Section 87A to Rs 12 lakh. This means individuals earning up to Rs 12 lakh, with a standard deduction of Rs 75,000, can avoid paying taxes altogether. But for those earning more than Rs 12.75 lakh, choosing between the old

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

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

2024 has been officially declared the hottest year in China’s history, with the national average temperature reaching 10.92°C (51.66°F), according to the China Meteorological Administration. This marks the fourth consecutive year of record-breaking heat in the country. The year witnessed the hottest month, July, along with the warmest August and autumn season on record. Global temperature records were also shattered, with the United Nations confirming that 2024 was set to be the

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.