'If our Budget allows, we may implement both measures -- making income up to Rs 10 lakh tax-free and introducing a 25 per cent slab for income between Rs 15 lakh and Rs 20 lakh.'
'It was the hostility of the Yunus regime that made India careful and wary of dealing with them.' 'They gradually backed off and lowered the noise, but the damage was done.' 'Their true colours had been exposed.'
From bhikshus of Ashokan 3rd century BC and medieval Sufis to Oxfam, Omidyar and Soros now, non-State actors have any real power only when they work in conjunction with a real State, asserts Shekhar Gupta.
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.
The note for consideration of Cabinet will follow a review of the FDI regime in the light of the experiences of the last one year, they said.
Buying makes sense for those planning to stay in a city for at least 7 to 10 years. Financial preparedness is crucial.
'We are not incentivising the old tax scheme. These taxpayers will also shift to the new regime after comparison.'
rediffGURU Yogendra Arora answers readers' personal income tax queries.
After being sworn in as the 47th president of the United States, Trump started his inaugural address with a sentence that echoed Modi's coinage some years ago, notes Modi biographer Nilanjan Mukhopadhyay.
The climate for 'doing business' remains forbidding, taxtortion is still rife, corruption at state and district levels has increased, oil prices remain extortive with high taxation, and the continued red tape has kept the enterprise system as stifled as before, points out Debashis Basu.
The government in FY26 Budget should announce an "effective" personal income tax cut to support consumption and demand, Barclays said on Thursday. In its FY25-26 Union Budget preview, Barclays said the key ask from the Budget, to be presented on February 1, is to support growth while adhering to fiscal consolidation path.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
'Journalists must ask the Mumbai police why are they sending notices via X to cartoonists.' 'The Mumbai police must come clean. Who is giving them such orders?'
The new proposal comes close on the heels of six measures introduced by Sebi to curb frenzy in index derivatives.
The Supreme Court of India has asked DMK leader V Senthil Balaji to choose between his ministerial post in Tamil Nadu and his freedom. The court expressed concern over Balaji's reinstatement as a minister despite being granted bail in a money laundering case related to the "cash-for-job" scam. The court fears that Balaji's presence as a minister could influence witnesses in the case. The court has given Balaji until April 28 to make a decision.
The government is contemplating changes to the Insolvency and Bankruptcy Code (IBC) to deal with environmental claims and liabilities of defaulting companies to make the law future-ready and meet climate action goals, sources told Business Standard. Currently, the IBC has various categories of claims and creditors, including those related to environmental liabilities.
The 31st meeting of the Goods and Services Tax (GST) Council, held in December 2018, deferred a decision to reduce the GST rate for cement from 28 per cent to 18 per cent. This was despite recognising that cement - along with automobile parts - remained among the few mass-consumption items still taxed at the highest slab, which was originally meant for luxury and sin goods.
rediffGURU T S Khurana answers readers' personal income tax queries.
The BJP has lauded the extradition of Tahawwur Rana, a key accused in the 26/11 Mumbai terror attack, as a testament to "New India's" zero-tolerance stance against terrorism under Prime Minister Narendra Modi. However, the Congress has countered the claim, stating that the extradition was the result of diplomatic efforts initiated during the UPA government's tenure. The BJP highlighted Rana's return as a tribute to security personnel who lost their lives fighting Pakistan-sponsored terrorism and a step towards justice for victims of the attack. The Congress, however, asserted that the Modi government did not initiate the extradition process but benefited from the UPA's groundwork. The exchange of accusations has added a political dimension to Rana's extradition, with both parties vying for credit for the development.
'The first and most basic responsibility of any government is to protect its people from external threats and internal harm.' 'Budget 2025-2026 has to focus on meeting this responsibility,' asserts R Jagannathan.
Export-led Indian IT sector is not directly hit by Trump's tariff order on goods, but there could be worrisome indirect bearings on it arising out of possible slowdown in decision-making and GDP growth in America over higher tariffs, which may then cloud demand from specific verticals, according to some analysts.
New Chelsea manager Mauricio Pochettino underlined the challenges that engulfed Enzo Fernandez, Mykhailo Mudryk and Raheem Sterling in the last season but said he will help the trio.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The 62-year-old former deputy chief minister was first elected the party president in 2008. His re-election at the outfit's general delegate session in Amritsar comes barely four months after he quit after he was declared 'tankhaiya' (guilty of religious misconduct) by the Akal Takht for "mistakes" committed by the Shiromani Akali Dal (SAD) and its government from 2007 to 2017.
India maintains "high" import duties on a wide range of American goods such as agricultural items, drug formulations, and alcoholic beverages, besides imposing non-tariif barriers, a US report has said. A day before announcing reciprocal tariffs, the US Trade Representative (USTR) released the 2025 National Trade Estimate (NTE) Report on March 31.
'As negotiations continue, the path forward demands not only diplomatic skill, but also vigilance against legal asymmetries embedded in America's trade playbook.'
Sections of our media and elites take Western reports/judgements at face value and are ready to condemn the targets without understanding the deeper power linkages behind such actions, asserts Colonel Anil A Athale (Retd).
Prime Minister Narendra Modi took a jibe at Leader of Opposition Mallikarjun Kharge in Rajya Sabha on Wednesday, saying the poem that Kharge recited to criticize the BJP government was written during the reign of Congress. Modi also read out a poem written by renowned Hindi poet Gopaldas Neeraj to attack the Congress.
Union Minister of State for Petroleum and Natural Gas Suresh Gopi has stirred controversy by suggesting that members of the "upper castes" should handle the tribal affairs portfolio. Gopi, an actor-turned-politician, argued that true progress in tribal welfare would only be achieved under the leadership of individuals from "upper castes." His comments have been met with widespread criticism, including from CPI state secretary Benoy Viswam and prominent tribal leader C K Janu.
rediffGURU T S Khurana answers readers' personal income tax queries.
'Had Haji Pir and/or Skardu been taken, the message would have gone out not just to General Asim Munir and his cohort in the Pakistan army but to the Pakistani people that every terrorist incident in India would lead to substantial loss of territory in PoK.'
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
'Gyanendra back on the throne would be bad news for the Nepali people. He may not have learnt from his experience, but we have.'
'Netanyahu lured Trump into a trap by enticing him with a seductive scenario of massive lucrative business in Gaza's reconstruction.' 'Trump's imagination is running riot, completely disconnected from ground realities,' asserts Ambassador M K Bhadrakumar.
'If you invest in a rush at the last moment, you could compromise on selecting the best tax-saving options.'
One fact is irrefutable: Nepal's recent political history tells us that the route to a return of monarchy cannot go through India despite friends in high places, asserts Aditi Phadnis.
'Tax rate and stock markets are entirely two different things.'
The former chief minister said the BJP government is getting excavation done at various places to hide its failure and to divert attention from the issues related to the public.
The IDF noted that the strikes are being conducted in response to "relentless attacks" from Iran and its proxies since October 7, adding that Israel has the "right and the duty to respond."
