Nirmala Sitharaman announced amendments to the long-term capital gains tax for property, allowing taxpayers to choose between 12.5% without indexation or 20% with indexation, for properties bought before July 23, 2024. This change aimed to alleviate taxpayers' concerns about increased tax burdens and received positive feedback from taxpayers and industry leaders.
According to the Federal Reserve's projections, the bank rates should settle at 2.8%, the unemployment rate at 4.2%, and the inflation at 2% over the long term.
Minister of State for Finance Pankaj Chaudhary announced that the government and RBI are working to expand the global reach of UPI, which is currently available in seven countries. The RBI’s Payments Vision Document 2025 includes global expansion of UPI and RuPay cards as a key goal. Efforts involve collaboration with international stakeholders and institutions. UPI is now operational in Bhutan, Singapore, the UAE, France, Mauritius, Sri Lanka, and Nepal.
Air India Express has launched a new virtual interline platform called "AIX Connect," developed with travel technology company Dohop. This platform allows passengers to book connecting flights between Air India Express and its partner airlines.
Rekha Sharma completed her tenure as the NCW chairperson on Tuesday, having served since 2018. She acknowledged the journey as challenging, citing her commitment to gender sensitisation of police personnel. Nonetheless, her tenure was marred by controversies, including alleged inaction in Manipur and bias towards certain states, which she denied.
Trade between northeastern Indian states and Bangladesh has slowed following political upheaval in Bangladesh, including Prime Minister Sheikh Hasina’s resignation and the Army stepping in. Trade through key border points has reduced, though some movement continues. Officials are optimistic about trade normalizing soon despite the high alert along the border.
Insolvency resolution at the National Company Law Tribunal averaged 716 days in the last fiscal, up from 654 days in 2022-23. Delays beyond the stipulated 330 days were mainly due to litigation. The corporate affairs ministry revealed percentage variations in realisable amounts, indicating persistent issues in the resolution process.
There have been instances when athletes were seen ringing the giant bell installed at the Stade de France where the track and field events of the Paris Olympics are taking place. There a few reasons why this action is being performed by the athletes. What are they?
Artificial Intelligence is here to stay, it may experience corrections but the underlying technology is going to shape the future. Whether it will induce a recession in the U.S is something we have to wait and watch.
While rumors about Ben Affleck's marriage to Jennifer Lopez continue to swirl, his new hairstyle has drawn attention. According to reports, their recent separation at important events and changes in their property holdings may indicate that they are having marital problems.
The Strike Corps has been attached to the Northern Command in recent years and has been working towards developing new warfighting concepts required in the high latitude areas.
From 2014 to 2024, the Enforcement Directorate registered over 5,200 money-laundering cases, achieving 40 convictions and 3 acquittals. Minister Nityanand Rai provided this data in Parliament. Similarly, 8,719 cases under the Unlawful Activities (Prevention) Act were recorded, resulting in 567 acquittals and 222 convictions.
Welcome to Derry, set in the 1960s, explores the origins of Pennywise the Clown. Bill Skarsgård reprises his role, with new cast members joining. The show faces delays and will air on HBO in 2025.
The operating earnings before interest, tax, depreciation and ammortisation (EBITDA) rose 25.5% YoY to Rs 343 crore. The EBITDA margins rose 190 basis points to 18.4%.Hospital revenues, which constitutes over 83% of overall revenues, increased 14.4% year-on-year (YoY) to Rs 1,549 crore led by 10% YoY and 4% QoQ increase in average revenue per occupied bed (ARPOB) per day during the quarter to Rs 65,924.
Snowpiercer Season 4 Episode 4, titled "North Star," will be released on August 11, 2024. Episodes air weekly on Sundays in the US, with the final season concluding on September 22, 2024. The season is available on AMC, AMC+, and Netflix.
The proposed amendment offers taxpayers a choice between a 12.5% long-term capital gains tax rate without indexation or a 20% rate with indexation for properties acquired before July 23, 2024. This change followed Budget 2024's proposal to remove indexation benefits. Despite concerns, the Income Tax department described this development as advantageous.
Ravi Rajagopal has resigned as chairman of Fortis Healthcare, effective Sept. 30, due to increased commitments in the U.K. and other regions. He will also step down from the Corporate Social Responsibility Committee. Rajagopal became chairman in June 2018 when Fortis was dealing with significant challenges, and he found his tenure personally fulfilling.
The consultation paper comes pursuant to the 2023-24 budget announcement which called for simplifying, easing and reducing cost of compliance by comprehensive review of existing regulations.
Inter Miami soccer star and Argentine football legend Lionel Messi's multi-million dollar mansion has come under attack by a group of self-proclaimed climate activist.
In response to the turmoil in Bangladesh, the Guwahati Frontier of the Border Security Force (BSF) has deployed 11 battalions and one water wing to secure the 509-kilometer Indo-Bangladesh border under its jurisdiction. The BSF has declared a high alert, enhancing surveillance and increasing manpower at border outposts and Land Custom Stations.
'Squid Game' fans can watch South Korean show "The Influencer" on Netflix. We all all the details
European Union diplomats raised concerns about attacks on minority communities in Bangladesh after the removal of Prime Minister Sheikh Hasina. Reports indicated that Hindu-owned businesses and homes, including that of Rahul Ananda, were targeted. The EU and Indian officials called for calm and the protection of minorities to ensure human rights are respected.