India’s Income Tax Overhaul: Government Launches Revamp Process

07 Oct 2024

The government aims to make the Income-tax Act, 1961, concise and easy to understand. The goal is to ensure taxpayers can easily navigate tax laws without confusion. Reducing Litigations: By making tax laws clearer, the government hopes to minimize disputes and reduce the number of cases that end up in...

Tax Odyssey: From Raj to Reform

10 Aug 2024

The evolution of India's tax system is a complex narrative interwoven with the country's historical, economic, and social fabric. From the heavy-handed imposition of taxes during the British colonial era to the modern challenges of balancing revenue generation with social welfare, India's tax system has been a reflection of its...

Union Budget 2024-25: Controversy Over Health Insurance Taxation

09 Aug 2024

The evolution of India's tax system is a complex narrative interwoven with the country's historical, economic, and social fabric. From the heavy-handed imposition of taxes during the British colonial era to the modern challenges of balancing revenue generation with social welfare, India's tax system has been a reflection of its...

Second Session of 18th Lok Sabha Ends; 12 Govt Bills Introduced, Four Passed

09 Aug 2024

The Second Session of the 18th Lok Sabha, which began on July 22, 2024, concluded on Friday. Lok Sabha Speaker Om Birla delivered the valedictory address, noting that the session included 15 sittings and lasted approximately 115 hours. He reported that the House's productivity during this period was 136 percent....

WATCH | Sitharman Slam Congress in Rajya Sabha, ‘They Put Pressure on RBI…’

31 Jul 2024

In a robust reply to the budget discussion in Rajya Sabha, Union Finance Minister Nirmala Sitharaman took a swipe at the previous UPA government's handling of the economy, while showcasing the NDA's achievements in managing inflation. Sitharaman pointed to statements by a former Reserve Bank Governor who alleged that the...

‘Tax on Life’s Uncertainties’: Nitin Gadkari’s Letter to Nirmala Sitharaman

31 Jul 2024

Amid widespread criticism of Budget 2024, Union Minister and senior BJP leader Nitin Gadkari has written to Finance Minister Nirmala Sitharaman, urging her to withdraw the GST imposed on premiums for life and medical insurance. In his letter, Gadkari explains that he is responding to a memorandum from the Nagpur...

PM Modi Urges Industry to Partner with Government in Boosting Jobs and Investments

30 Jul 2024

In a recent address to Indian industry leaders, Prime Minister Narendra Modi highlighted his government's achievements over the past decade. He noted that India is now the fastest-growing major economy globally and emphasized that the national budget has grown from Rs 16 lakh crore in 2013-14 to Rs 48 lakh...

Mamta Breaks Oppn Ranks To Join Meeting

27 Jul 2024

In a surprise move, West Bengal Chief Minister Mamata Banerjee today flew to New Delhi to attend the NITI Aayog meeting, breaking ranks with other Opposition leaders who have announced that they would boycott the event. The meeting, to be chaired by Prime Minister Narendra Modi on Saturday, will focus...

Kiren Rijiju Defends Union Budget 2024-25, Criticizes Opposition for Political Posturing

25 Jul 2024

Parliamentary Affairs Minister Kiren Rijiju strongly defended the Union Budget 2024-25 against opposition criticism on Thursday. Rijiju accused opposition leaders of focusing on political tactics rather than offering constructive feedback. He described the budget as "historical" and criticized the opposition for what he deemed disrespectful remarks that undermined the democratic...

Union Budget 2024-25 Discussion to Continue Today in Parliament

25 Jul 2024

The discussion on the Union Budget 2024-25, which was presented on July 23, will continue in both Houses of Parliament on Thursday. Additionally, the discussion on the Jammu and Kashmir Budget for 2024-25, also presented on Tuesday, will proceed today. Union Ministers Gajendra Singh Shekhawat, Jitendra Singh, Arjun Ram Meghwal,...