Prime Minister Narendra Modi, during his Independence Day address, announced a major revamp of the Goods and Services Tax (GST) system, promising to roll out next-generation GST reforms with significantly lower tax rates this Diwali. Calling it a “great festive gift” for the nation, Modi said the overhaul would simplify the tax structure and provide...
ICICI Bank has announced a significant revision in its minimum balance requirement policy following public criticism. In an official release on Wednesday, the private sector lender stated that it has withdrawn the earlier mandate of maintaining a minimum balance of ₹50,000 for new savings accounts opened by metro and urban customers. The revised minimum balance...
New Delhi: Sources indicated on Wednesday that Chinese Foreign Minister Wang Yi is expected to visit India this month. As per the sources, the Chinese Foreign Minister is anticipated to participate in SR (Special Representative)-level discussions. National Security Advisor (NSA) Ajit Doval will act as India’s special representative. In recent months, India and China have...
The chief of the Pakistani Army, Air Marshall Asim Munir, reiterated his anti-India stance by describing Kashmir as Pakistan’s “jugular vein” during a speech to the Pakistani community in Florida, USA. As reported, Munir stated that Kashmir is “not merely an internal issue for India but rather an unfinished international agenda. As the Quaid-e-Azam articulated,...
On Monday, Union Finance Minister Nirmala Sitharaman unveiled the updated New Income Tax Bill, 2025, which aims to replace the current Income Tax Act of 1961. This revised Bill was introduced after incorporating nearly all recommendations from the Select Committee. The Finance Minister presented the amended Bill following the suggestions made by the Select Committee,...
New Delhi: Indian auto component manufacturers have a considerable opportunity to enhance their exports, particularly within the independent aftermarket sector, as indicated by a report from EY-Parthenon. The report emphasized that the global auto component market presents robust growth opportunities for Indian suppliers, with nations such as Brazil, Indonesia, Colombia, and various regions in Africa...
India plays a “certainly crucial” role in the transnational IMEC project due to its status as a significant market and producer. The initiative focuses on the trade of goods, energy, and data connectivity, with New Delhi being a “protagonist in all three sectors,” according to a senior Italian diplomat. Described as a groundbreaking initiative, the...
A new study commissioned by Meta and conducted by IPSOS has revealed a significant shift in how Indian women approach personal finance. According to the findings, nearly 80% of Indian women aged 25-45 now make their own financial decisions, with platforms like Instagram and WhatsApp playing a pivotal role in their financial journeys. The survey,...
OpenAI has officially launched GPT-5, marking a major breakthrough in the evolution of artificial intelligence for daily life. The newly enhanced model is faster, smarter, and more reliable than ever—offering assistance that feels like having a team of PhDs in your pocket. From writing code and planning events to tackling complex academic questions and understanding...
Unified Payments Interface (UPI) services experienced a widespread outage across India on Thursday evening, disrupting digital transactions for thousands of users and causing chaos for businesses reliant on cashless payments. This marks the fourth major UPI disruption in 2025, raising concerns about the reliability of the nation’s most widely used payment platform. The issue began...