New Income Tax Bill set to be tabled in Parliament next week

IANS | February 8, 2025 11:12 AM

New Delhi, Feb 8 (IANS) Aiming to put more money in the hands of the middle class and simplify the whole filing process, the new Income Tax Bill is set to be tabled in the Parliament next week after receiving approval from the Union Cabinet.

Indian stock market continues to assess 2 big policy moves to boost economy

IANS | February 8, 2025 9:52 AM

Mumbai, Feb 8 (IANS) The stock market saw two major policy moves this week that could significantly impact India's economic trajectory — the Union Budget 2025, which introduced tax cuts to boost consumption and investment, and the RBI’s 25 bps rate cut, signalling a shift towards monetary easing, experts said on Saturday.

Reducing coal imports, boosting domestic production key focus: Minister

IANS | February 8, 2025 9:26 AM

New Delhi, Feb 8 (IANS) The government has reiterated that reducing coal imports and increasing domestic production is the key focus, as the coal sector remains a cornerstone of India’s energy security, playing a vital role in the country’s industrial and economic growth.

At his son’s wedding, Gautam Adani commits to 'seva' with a Rs 10,000 crore social donation

IANS | February 7, 2025 7:40 PM

Ahmedabad, Feb 7 (IANS) On his visit last month to the Maha Kumbh Mela, Gautam Adani had said that his son’s wedding would be conducted in a "simple and traditional way". Staying true to his word, and also ending all rumours and speculation that his son Jeet Adani’s wedding would be a lavish and spectacular affair, the billionaire industrialist not only kept the wedding simple but also donated Rs 10,000 crore.

Amazon, DGFT aim to enable MSMEs succeed in online exports

IANS | February 7, 2025 6:32 PM

New Delhi, Feb 7 (IANS) E-commerce major Amazon and the Directorate General of Foreign Trade (DGFT) on Friday renewed their partnership to help small businesses in India expand their reach in global markets through e-commerce and help boost exports.

Scams in UPA regime dragged down GDP growth rate to 5.6pc in 2012-13: BJP

IANS | February 7, 2025 6:06 PM

New Delhi, Feb 7 (IANS) The BJP has slammed the Congress for its primary claim of enabling "7.6 per cent growth", pointing out that this was effectuated by the global economic boom between 2004-08 and conceals the decline to 5.6 per cent in 2012-13, caused by corruption and fiscal mismanagement.

PMAY-G: 3.79 crore houses allotted and 2.69 crore completed so far, says minister

IANS | February 7, 2025 5:31 PM

New Delhi, Feb 7 (IANS) In order to achieve the objective of ‘housing for all" in rural areas, a cumulative target of 3.79 crore houses have been allotted to states/UTs (till February 2), out of which 3.34 crore houses have been sanctioned and 2.69 crore houses have been completed, the government informed on Friday.