As the Union Budget 2025 nears, many are asking if the old tax regime will be discontinued. This change could have a big impact on taxpayers who rely on its deductions and exemptions. Finance Minister Nirmala Sitharaman is set to present the Budget, and India’s tax system might see some major changes. While the government …
The Centre is likely to introduce the Direct Tax Code 2025, a simplified version of income tax laws, during the Union Budget on February 1 next year. Once in effect, it will replace the Income Tax Act of 1961. Experts believe the Direct Tax Code (DTC) will overhaul existing income tax laws, streamlining legal processes …
In today’s world, as we can clearly see the increase in technology integration in education, governments and institutions are adopting creative solutions to simplify student identification and access to benefits. One notable initiative is the APAAR Card—a digital student ID aimed at improving transparency, accessibility, and service efficiency. The APAAR Card which was launched by …
The Reserve Bank of India (RBI) will announce its December 2024 Monetary Policy this week, and there is much speculation about possible changes to the repo rate and other measures. Experts think the RBI will likely keep the interest rate unchanged and may lower its growth forecast due to weak GDP numbers from the second …
Mutual funds offer a highly effective way to grow wealth over the long term. With expert fund management and diversification, they serve as an accessible option for individuals looking to build substantial wealth. The Indian mutual fund industry is experiencing impressive growth, with assets under management (AUM) more than doubling in five years, rising from …
The Ayushman Bharat Scheme, or Pradhan Mantri Jan Arogya Yojana (PMJAY) has achieved a significant milestone within just 11 days of its recent expansion to include individuals aged 70 and above. Over 6.5 lakh senior citizens have enrolled and received Ayushman cards, reflecting the scheme’s growing impact on healthcare accessibility. Prime Minister Narendra Modi recently …
ICICI Bank has announced significant updates to its credit card policies, including changes to finance charges, late fees, and fees for fuel, utility, and education transactions. These updates, effective November 15, 2024, aim to encourage timely payments and promote financial discipline among cardholders. Detailed information on these changes is available on the bank’s website. In …
The recent hike in Dearness Allowance (DA) for certain central government employees under the 6th Pay Commission has sparked considerable interest, as it raises DA from 239% to 246% of the basic salary. This adjustment, effective from July 1, 2024, per the Office Memorandum from the Department of Expenditure, Ministry of Finance, aims to support …
On November 6th, 2024, the RBI (Reserve Bank of India) announced amendments to its Master Directions on KYC (Know Your Customer) guidelines with immediate effect. The Central Government made this announcement through a circular on November 6th to enhance security, promote transparency, and improve risk management in the financial sector. The amendment to the Master …
The Union Cabinet, led by Prime Minister Narendra Modi, recently approved the PM Vidyalaxmi Scheme on 6th November 2024, a new Central Sector initiative focused on making higher education accessible to all deserving students. This program offers collateral-free, guarantor-free loans, providing vital financial support to ensure that capable students are not held back by financial …
