An Income-Tax Department internal committee reviewing the old direct tax law to pave the way for a new one has "largely" received suggestions for "simplifying" the language, better "structuring" the provisions and enlarging the ambit of schemes like presumptive taxation, CBDT chairman Ravi Agrawal said Sunday. Speaking to PTI during a post-Budget interview at his North Block office, Agrawal said the panel also "studied" the deliberations and processes of countries like the UK, Australia and some others where a similar tax law simplification exercise was undertaken.
'The message that we intend to leave with at the end of this trip is one of real gratitude for the friendship and the close partnership that President Biden and Prime Minister Modi have enjoyed over the last four years, but also one of tremendous optimism because we see a lot of opportunity in the future.'
Cheaper ripoffs was how China powered its way as an economic superpower but hitherto the tech realm had remained out of bounds. With DeepSeek's AI model the West, it seemed, was about to lose its competitive edge in cutting edge generative AI technology. And this is what is causing deep furrows in the forehead of tech titans in Silicon Valley.
Pakistan's ministry of foreign affairs said that the violation of Pakistan's sovereignty is "completely unacceptable" and warned of serious consequences.
A large group of protesters vandalized and set fire to the residence of Bangladesh founder Sheikh Mujibur Rahman in Dhaka during a live online address by his daughter and deposed prime minister Sheikh Hasina. The incident occurred as Hasina was delivering a speech organized by the Awami League's now disbanded student wing Chhatra League, calling upon the countrymen to resist the current regime.
'It does two things that even our erstwhile colonial masters did not deem fit for their subjects: The Bill does away with any checks or balances on the exercise of interception and surveillance powers, including any penalty whatsoever for unauthorised interception, opening, scrutiny, or destruction of postal materials.'
The banned Baloch Liberation Army (BLA) claimed responsibility for the attack, saying the blast was a suicide attack targeting a convoy of Chinese engineers and investors leaving the Jinnah International Airport.
India's rich cultural diversity, military prowess, economic progress and the strides it has taken in sectors, such as science and technology, were on full display at the 76th Republic-Day celebrations on Kartavya Path on Sunday, in the presence of Indonesian President Prabowo Subianto.
Donald Trump's exaggerated opinion of his dealmaking capacity can get him into trouble, observes R Sriram.
The Congress on Sunday termed N Biren Singh's resignation from the post of Manipur chief minister as 'belated' and said people of the state were now awaiting a visit by 'our frequent-flier Prime Minister' Narendra Modi.
White-collar hiring activity in December witnessed a 9 per cent increase compared to the same period of the previous year, driven by high-skill and strategic roles, a report said on Thursday. According to Naukri JobSpeak, the index reached an impressive 2,651 points in December 2024, reflecting a robust 9 per cent year-on-year growth, a promising sign for the year ahead.
Russian shipments averaged 1.67 million barrels per day in January compared to 1.48 million bpd in December and 1.53 million bpd a year earlier.
Dr Manmohan Singh first embossed himself on the national consciousness when as India's finance minister he flagged off economic reforms which changed this nation forever.
The US Supreme Court has upheld a law requiring TikTok's China-based parent company to divest from the app, paving the way for the popular platform to be banned from the US starting Sunday. The court's decision was unanimous, with the justices citing national security concerns related to TikTok's data collection practices and relationship with a foreign adversary. While existing users may still access the app, new users will be unable to download it and updates will no longer be available. The decision comes as the Biden administration prepares to hand over the reins to the incoming Trump administration, which is expected to review the situation before making a final determination on TikTok's fate.
A young Indian man was arrested in Pakistan after illegally crossing the border to meet a Facebook friend he wanted to marry. However, the woman told police she was not interested in marrying him. The man, Badal Babu, was arrested in the Mandi Bahauddin district of Pakistan's Punjab province on December 28. He had crossed the border to meet his Facebook friend, Sana Rani. Rani, in her statement to police, said she had been friends with Babu for the past two-and-a-half years but was not interested in marrying him. Babu's family has appealed to the Indian government to intervene for his release.
'...he keeps his campaign promises, does what he said he will do which led to his huge victory.'
Head constable Bashir Ahmad laid down his life and two officers -- a DSP and an assistant sub-inspector -- were injured in the encounter, he said, adding both the officers are stable.
'Market corrections are a natural part of investing, so it's essential to remain focused on long-term financial goals.'
Former Indian Prime Minister Manmohan Singh passed away on Thursday night at the age of 92. He was brought to the emergency department of AIIMS Delhi in critical condition after "sudden loss of consciousness."
Trump's tariff threats spooks markets; Sensex down 106 points
The mortal remains of former prime minister Dr Manmohan Singh were consigned to flames at the Nigambodh Ghat in New Delhi on Saturday amid the chanting of religious hymns. The funeral pyre was lit by his eldest daughter Upinder Singh.
'There is a view that there is a Pakistan angle to this.' 'Pakistan has a large presence in Qatar and would want India to be blacklisted.'
As RBI governor, Sanjay Malhotra will have to give the highest priority to the interest of the economy while deciding on the growth-inflation trade off at Mint Street.
India has registered a strong protest with the United Kingdom over the visit to Pakistan Occupied Kashmir (PoK) by its High Commissioner to Islamabad along with another British official.
The national team, captained for the bulk of those years by Misbah Ul Haq, hosted its 'home' games in the United Arab Emirates and remained relatively successful until fixtures trickled back onto Pakistani soil in 2018.
With the US filing civil and criminal charges against billionaire Gautam Adani and seven others over a multi-million-dollar bribery scheme, a prominent attorney here has said that the case could escalate significantly, potentially leading to arrest warrants and even extradition attempts. Adani, India's second-richest man, and seven others, including his nephew Sagar Adani, have been charged by the US Department of Justice with paying bribes to unidentified officials of state governments in Andhra Pradesh and Odisha to buy expensive solar power, potentially earning more than $2 billion in profit over 20 years.
Wing Commander Pratap Marathe's story is one of dedication, bravery, and humour, a shining example of the spirit of the Indian Air Force. Air Commodore Nitin Sathe (retd) salutes Wing Commander Marathe who passed into the ages last week.
It would be a challenge to India's policy makers how to deal with Trump so that mutual economic growth remains sustained and mutual understanding on global issues are not hampered, observes Dr Rajaram Panda.
The ideal time to invest in sector funds, is during a downturn so that investors can capitalise on a turnaround in 1.5 to 2 years.
A joint operation by anti-narcotics agencies led to the seizure of about 700 kg of drugs and the arrest of eight Iranian nationals from Indian territorial waters off the Gujarat coast around Porbandar on Friday.
While Modi has spent fewer days abroad than his predecessor (270 days versus Dr Singh's 306), he has travelled more extensively and actively than any other Indian PM.
In a remarkable comeback to power, Donald J Trump Monday took oath as the 47th president of the United States and immediately promised a blitz of executive orders as he announced the beginning of a 'golden age' of America.
The Indian rupee is likely to depreciate further against the US dollar through the end of 2024. This is due to the continued strengthening of the greenback, combined with the weakening of the Chinese yuan, which is expected to keep pressure on the Indian currency.
In response to escalating crime rates in Delhi, including extortion attempts and gang-related violence, the Delhi Police has launched a comprehensive crackdown. This includes stringent checks at hotels and guest houses to verify the identities of guests, as well as verification of local criminals and juveniles. The police have also intensified raids on suspected hideouts of jailed gangsters and their associates. This initiative is being implemented across all 15 police districts and over 180 police stations in Delhi. The decision stems from recent incidents involving out-of-state criminals who used hotels as bases for their criminal activities, highlighting the urgency of proactive measures to curb crime.
Top Canadian officials have reportedly admitted to leaking details about India's interference to The Washington Post, but these specifics were not shared with Canadians, The Globe and Mail newspaper reported.
Descendants of Netaji Subhas Chandra Bose claim they have documentary evidence to prove that the Renkoji temple authorities in Japan have always been willing to hand over the 'ashes' believed to be his, refuting perceptions of roadblocks to their repatriation. They assert that successive Indian governments have shown little interest in retrieving the remains and conducting DNA tests, despite numerous appeals from the family. The article highlights the conflicting reports and controversies surrounding Netaji's death and the ongoing mystery surrounding his remains.
The majority of these calls originate from foreign-based gangsters or their associates, using Voice Over Internet Protocol or international phone numbers, they said.
The next big releases -- Bade Miyan Chote Miyan and Maidaan -- will arrive during Eid, which leaves a lot of time for Shaitaan to earn lifetime collections in the range of Rs 140-150 crore (Rs 1.4-1.5 billion).
The Delhi police on Tuesday arrested two persons including NewsClick founder Prabir Purkayastha in connection with a probe in the portal's foreign funding, officials said.
Under his leadership, India launched the National Action Plan on Climate Change, passed the landmark Forest Rights Act to protect the rights of tribal communities and established the National Green Tribunal to safeguard the environment through swift legal action.
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