'We have created massive infrastructure in the past six years.'
'We have set out a timetable to reduce income tax rates for all incomes below Rs 50 lakh, and to progressively eliminate the surcharges on income above Rs 50 lakh, by 2024.' The Budget speech past CII president Naushad Forbes wants to hear.
The Indian government has announced new rules for non-governmental organizations (NGOs) receiving foreign contributions under the Foreign Contribution (Regulation) Act (FCRA). These rules include requiring NGOs to obtain a "Not a Newspaper" certificate from the Registrar of Newspapers for India if they engage in publication-related activities, as well as submitting financial statements and audit reports for the past three years. Additionally, NGOs must submit a commitment letter from the donor, a project report detailing proposed expenses, and a declaration that administrative expenses will not exceed 20% of the foreign contribution.
Handbags, wrist watches, footwear and sportswear, priced above Rs 10 lakh will now attract 1 per cent Tax Collected at Source (TCS), as per a notification issued by the Income Tax department. TCS at 1 per cent rate is currently being levied on motor vehicles costing above Rs 10 lakh effective January 1, 2025.
China and Pakistan are in a tight strategic alliance. India must deal with them one at a time, but be prepared in case they decide to collude, points out Shekhar Gupta.
RJD president Lalu Prasad has expelled his elder son, Tej Pratap Yadav, from the party for six years for "irresponsible behavior" and snapped all family ties with him. The decision comes after a viral Facebook post claimed that Yadav, a former Bihar minister, was "in a relationship" with a young woman.
Former Union minister Pashupati Kumar Paras announced that his Rashtriya Lok Janshakti Party (RLJP) is no longer part of the BJP-led NDA, citing the alliance's support for his estranged nephew Chirag Paswan. Paras also accused Bihar Chief Minister Nitish Kumar of being "anti-Dalit" and demanded a Bharat Ratna for his late brother Ram Vilas Paswan, calling him the "second Ambedkar."
Shiv Sena leader Sanjay Nirupam has alleged the involvement of individuals with links to Bangladesh in the recent violence in Nagpur. Nirupam also claimed the violence was "pre-meditated" and was part of a larger conspiracy. He further expressed concerns about the broader implications of the stance of the Shiv Sena (UBT), suggesting the Uddhav Thackeray-led party has shifted to an "anti-Hindu" position. Chief Minister Devendra Fadnavis, however, said it was too early to comment on a foreign or Bangladeshi link to the Nagpur violence.
Despite ongoing tension between the two countries on the issue of extremism, Bezirgan said he expects warmer ties henceforth as Carney has invited Prime Minister Modi for the G7 Summit.
India had better be prepared. Munir could be back at our throats soon, even within the next 12 months, warns Shekhar Gupta.
Hours after, however, firing from the Pakistani side was reported in Akhnoor sector in Jammu and Kashmir. Drones were also seen in the Pir Panjal area.
'Will this near-war, India's strongest military response so far, buy India another seven years of deterrence?' asks Shekhar Gupta.
Congress president Mallikarjun Kharge has accused the BJP of rigging the Maharashtra assembly elections and called for a return to ballot paper voting. He also criticized the Modi government for selling off public assets, undermining democratic institutions, and promoting communal polarization. Kharge's remarks come as the Congress prepares for its AICC session in Ahmedabad, where it will present its political and economic views.
As the controversy continues to reverberate nationwide, various quarters are demanding steps to safeguard the sanctity of Hindu temples and their 'prasadam'.
Karra, who became the J&K Congress chief last Friday replacing Vikar Rasool Wani, said a call is already there for all secular parties who are opposed to the "hegemonic attitude" of the BJP to unite.
The MHA said that the law and order situation of all states should be monitored in view of the protests.
The Supreme Court on Tuesday closed the contempt proceedings against yoga guru Ramdev, his aide Balkrishna and Patanjali Ayurved Limited after accepting the apology tendered by them in the misleading advertisements case.
Rashmika's food update... Malavika's challenging stunt... Kajol's thought for the day...
... and there is no stopping its pan-Islamic agenda, cautions Ambassador M K Bhadrakumar.
A bench headed by Justice Prathiba M Singh said the temple shall endeavour to have at least one witness from both sides, who is either a relative or an acquaintance who has known them for a reasonable period of time.
The Supreme Court asked its registry officials on Wednesday to comply with a recent order of the court in which it was directed that the practice of mentioning the caste or religion of litigants must be shunned.
Finance Minister Nirmala Sitharaman on Tuesday said buyback of shares will be taxed in the hands of shareholders similar to dividend from October 1, a move that will increase the tax burden on investors. Further, the cost paid by the shareholder to acquire these shares will be considered for computation of capital gains or loss to them.
The Supreme Court on Tuesday came down heavily on yoga guru Ramdev's Patanjali Ayurved for prima facie violation of the undertaking given by it in the court about its products and also about statements claiming their medicinal efficacy. A bench of justices Hima Kohli and A Amanullah issued a notice to Patanjali Ayurved and its managing director asking why contempt proceedings should not be initiated against them.
The cabinet also gave its nod to a proposal to amend the Madhya Pradesh Minister (Salary and Allowance) Amendment Bill, 2024, and make a provision for state ministers to deposit their income tax instead of the government bearing such burden.
'The move to remove indexation benefits on LTCGs presently available for property, gold, and other unlisted assets may have a negative impact as it directly impacts real estate investors.'
Brokers believe that the higher charges may not completely deter investors from taking bets in F&O but could help cool down some activity, as the threshold to break even rises.
Most investors should have a 5% to 10% allocation to gold for diversification. They should stagger their investments to mitigate timing risk.
Chief of Staff of the Iranian Armed Forces, Sardar Bagheri, has said that the military operation against Israel has 'concluded' from Tehran's side, while issuing warning that if the United States helps Israel in their possible next actions, their bases will 'not have any security', and will be dealt with, according to CNN.
The practice of mentioning caste or religion of litigants in court cases must be shunned, the Supreme Court has said while directing its registry and all other courts to stop it immediately.
ICC has effected a notable change in playing conditions, as per which the umpires henceforth will only assess the side-on replays for stumping without considering the caught-behind scenario during the Decision Review System (DRS) referrals.
According to the cause list of August 20 uploaded on the apex court website, a bench comprising Chief Justice DY Chandrachud and Justices JB Pardiwala and Manoj Misra is scheduled to hear on Tuesday.
Have a calm and open conversation with your wife to understand her perspective, suggests rediffGURU Dr Ashish Sehgal.
Now, every state election -- first up, Maharashtra, Haryana and Jharkhand later this year, then Delhi in January and Bihar in September next year -- will be seen by his followers for evidence of his recovery, and by rivals of sharpening decline, points out Shekhar Gupta.
In two separate affidavits filed in the apex court, Ramdev and Balkrishna tendered unqualified apology for the 'breach of the statement' recorded in the November 21 last year order of the apex court.
The top court had come down heavily on the ED and said it is not expected to be "vindictive" in its conduct and must act with utmost probity and fairness.
Will January 22 mark a point of no return for our Constitutional secularism? asks Shekhar Gupta.
The Supreme Court Tuesday granted one-week time to yoga guru Ramdev, his aide Balkrishna and Patanjali Ayurved to issue a public apology in the misleading advertisements case, but said it was not letting them 'off the hook' now.
The bench also issued notice to Ramdev to show cause why contempt proceedings be not initiated against him.
Ramdev and Balkrishna have tendered an "unconditional and unqualified apology" before the apex court over advertisements issued by the firm making tall claims about the medicinal efficacy of its products.
The bench also cautioned Patanjali Ayurved and its officers from making any statements adverse to any system of medicine in the media, both print and electronic, in any form as they said in their undertaking before the court earlier.
