The contrast with the old Income-Tax Act is stark. The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000. Chapters have been cut from 47 to 23, while sections have reduced from 819 to 536. One of the clearest changes is terminological. The confusing twin concepts of 'assessment year' and 'previous year' have been scrapped.
'I do believe there will be a resolution in the next couple of months on the penal tariff and hopefully on the reciprocal tariff also.'
As lower GST rates take effect on Monday, sales of air-conditioners, TV sets surged dramatically with buyers rushing to grab cheaper deals offered by retailers at the beginning of the Navratra festival.
'It's not like I haven't made mistakes. There have been a couple of questionable films, but I have always learned from the films I pick.'
'You told me to give revs on the ball. I decided to give the ball some spin and get some bounce. Because of that, I got three wickets, you got two.'
The government is working to make India's automobile industry number one in the world within five years, Union Minister Nitin Gadkari said on Monday. Inaugurating the 'International Value Summit 2025', Gadkari said the automobile sector pays maximum GST revenue to the government and generates employment opportunities.
'Taxpayers' money cannot be given to these companies which can access the market and buy GPUs at a competitive price from any vendor.'
'If nominal growth improves and earnings pick up, Indian stock markets could see a rally next year.'
September has packed in quite a bit on OTT, with many series and movies seeing their digital premiere. Joginder Tuteja lists the OTT menu for the month.
Mithali Raj feels India can end their long-standing trophy drought if they seize key moments
Andhra Pradesh police identified one of the terror suspects arrested by Tamil Nadu police as a 'big fish' with advanced bomb-making skills. The suspect, Abubacker Siddique, is believed to be a lone wolf influenced by radical preacher Zakir Naik and an expert in making IEDs.
After a subdued first quarter of 2025-26 (Q1FY26), banks are now betting big on the festive season, rolling out attractive loan offers to boost credit growth in the second half of the current financial year (H2FY26) - a trend likely to be further accentuated by the second-order effects of the good services tax (GST) cuts.
The US Open announced $90 million in prize money will be on offer at this year's final major, marking the largest purse in tennis history, up 20 percent from 2024.
Finance Minister Nirmala Sitharaman on Thursday asked India Inc to take advantage of the policies and reforms undertaken by the government and no longer hesitate to invest more and expand capacities. Sitharaman also asked the industry to partner with the government for skilling the youth and also to engage with the government throughout the year, and not just before the Budget.
'There will be not less than 31 lakh people working in the census process.'
Fijian Prime Minister Sitiveni Rabuka discussed US tariffs on Indian goods with Prime Minister Narendra Modi, noting that "somebody is not very happy with you." The discussion occurred during Rabuka's visit to India to strengthen ties.
Saiyaara, which collected Rs 306 crore, would have made more but was was hit by the Mahavatar Narsimha wave.
'We're witnessing a consistent surge in audience demand for IMAX screenings, particularly for high-octane, spectacle-driven films.'
'India is a big market for StanC, and it is also fastest growing economy in the world.'
'These are the two core skill sets that are required for any job, in any profession.'
'He was like a sponge. He soaked up everything we taught him -- and when it came time to play, he'd squeeze out exactly what was needed on the board during tournaments.'
Australia A bowlers, led by pace-bowling stalwart Kim Garth, wreaked havoc as India A suffered a demoralising 114-run defeat in the second unofficial T20I in Mackay as the hosts took an unassailable 2-0 lead in the three-match series.
To ensure a glitch-free rollout of the next-generation GST with reduced rates and lesser slabs, Finance Minister Nirmala Sitharaman chaired three separate meetings to assess GSTN's preparedness and the time it would take to implement technological changes required in the software systems.
From social editor to Vogue's new leader, Chloe Malle embraces her 'nepo baby' status, ready to shape the future of fashion media.
The US remains the largest market for IT outsourcing, and for Indian giants TCS, Infosys and Wipro, it contributes around 40 per cent of their top line.
The 50 per cent US tariff on Indian goods pose a downside risk to growth but the impact is expected to be short-lived for the economy, and consumption demand could see an uptick after the new goods and service tax (GST) rates are implemented which could even offset the external uncertainty, Chief Economic Advisor (CEA) V Anantha Nageswaran reckoned on Friday.
'We give them problems so that they can come up with solutions using the technological skills they have learnt.' 'In fact, changemaking and problem solving are interchangeable, in a way.'
Maruti takes a leap in terms of technology with features like ADAS, a 360-degree camera, ventilated seats, a powered tailgate, audio system with Dolby Atmos and much more.
'It was like rigorously preparing for a solid, good exam...' 'I don't know what marks I will get, but I felt the rigorous preparation of an exam.' 'You may sweat, but I feel rejuvenated.'
Leader of Opposition in Lok Sabha Rahul Gandhi on Saturday alleged that the 2024 Maharashtra assembly elections were a 'blueprint for rigging democracy' and this 'match-fixing' would next happen in Bihar and 'anywhere the Bharatiya Janata Party is losing'.
'Keeping a bench increases cost. If you keep a bench, the skills may not remain relevant.' 'In the future, bench strength will literally be zero.'
IPOs have been the flavour of the season for some time. But the coming together of three mega IPOs, from diverse businesses and historic relevance, could tell a story that's still in the making, points out Nivedita Mookerji.
The combined market capitalisation of the country's top five IT firms that are part of the BSE Sensex is down 24 per cent since January and their valuation has slipped to lowest levels in the past five years.
'The satisfaction of making content only comes when it reaches theatres as you are directly connecting to the masses.'
Festive sales are expected to surge 27 per cent to cross Rs 120,000 crore in 2025, driving Amazon and Flipkart to expand warehousing capacity by millions of cubic feet and extend delivery networks to thousands of new pin codes -- an infrastructure buildout that could reshape India's retail landscape for years.
Billionaire industrialist Mukesh Ambani described his 2016 return to the telecom industry with Reliance Jio as the "biggest risk" of his life, saying that even if analysts' predictions of financial failure had come true, it would still have been worth it for the role it played in transforming India digitally.
'Techies who did a master's there and moved to US companies look down on Indian companies who they consider as just doing body shopping.'
While India has become the largest data generating nation, and hosts more than 152 data centres, it is fed by only 18 undersea cables.
India Inc, which is sitting on cash balances of 13.5 trillion, is using the funds to meet capital expenditure as well as brownfield expansion, resulting in 'anaemic' demand for bank loans, State Bank of India (SBI) chairman CS Setty said at an event on Monday. He added that a slowdown in corporate credit is mainly due to lack of demand.
Mrs Gandhi's power ebbed and peaked with the times. Mr Modi's has almost been constant, barring the few months of hard dip after the 240 seats of 2024, points out Shekhar Gupta.
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