India News

Nirmala Sitharaman to Present Income-Tax Bill 2025 in Lok Sabha: A Major Tax Reform Move

New Delhi: Union Finance Minister Nirmala Sitharaman is set to introduce the much-anticipated Income-Tax Bill 2025 in the Lok Sabha today, marking a significant step towards modernizing India’s tax system. The new bill is designed to replace the six-decade-old Income-Tax Act of 1961, making tax laws simpler, more transparent, and taxpayer-friendly. The proposed legislation aims Read More…

Economy India News

FM Sitharaman Cites Raghuram Rajan to Explain Rupee’s Decline in Lok Sabha

New Delhi, February 11, 2025 – Finance Minister Nirmala Sitharaman addressed the Lok Sabha, shedding light on the recent depreciation of the Indian rupee against the U.S. dollar. Citing former RBI Governor Raghuram Rajan, she attributed the rupee’s decline primarily to the strengthening of the dollar rather than domestic economic weaknesses. Sitharaman emphasized that the Read More…

Economy News

RSS Unions Propose Major Reforms in Budget 2025: ₹10 Lakh Tax Exemption and Reduced Dependence on Chinese Imports

In their pre-budget discussions with Finance Minister Nirmala Sitharaman, RSS-affiliated unions have put forward significant proposals for the 2025 Union Budget. Among the key recommendations is raising the income tax exemption threshold to ₹10 lakh, designed to enhance the disposable income of taxpayers and address ongoing economic challenges. Further, the unions have called for an Read More…

India News

Lok Sabha Passes Banking Laws Amendment Bill to Strengthen Governance and Enhance Customer Convenience

The Lok Sabha has passed the Banking Laws Amendment Bill, with Finance Minister Nirmala Sitharaman emphasizing its role in strengthening the governance framework of banks and improving customer convenience. The bill includes provisions to modernize banking regulations and ensure greater efficiency in financial services. During the debate, the Finance Minister highlighted that the amendments aim Read More…