Budget 2025 income tax expectations: The Union Budget 2025 is expected to simplify existing tax provisions and introduce reforms to boost consumption amidst rising living costs and inflation. Key expectations include increasing the income tax rebate, revisiting limits of deduction under Sections 80C and 80D, enhancing housing tax breaks.
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US President Donald Trump and Russian President Vladimir Putin had a 1.5-hour phone call discussing the urgent need to end the war in Ukraine immediately. Both leaders agreed to initiate negotiations and highlighted the potential benefits of collaboration. Trump outlined a team to lead the negotiations and expressed optimism over resolving the conflict.
Google has streamlined its management structure, cutting 10% of manager, director, and VP roles over two years. This restructuring, part of a broader efficiency drive, mirrors Amazon's approach and aims to accelerate decision-making in the face of rising AI competition. CEO Sundar Pichai also signaled a shift in Google's corporate culture.
Delhi CM Rekha Gupta assured that despite the empty state coffers left by the previous AAP government, the BJP is committed to implementing the Rs 2,500-per month honorarium scheme for eligible women. Approximately 38 lakh women could benefit from this scheme, which is projected to cost over Rs 11,000 crore annually. The assembly session will prioritize development projects and address misuse of funds in previous reports.
Elon Musk speculates that Jeffrey Epstein's suicide might have been assisted, suggesting Epstein may have been promised something in return for taking his own life.
Budget 2025 income tax expectations: With Budget 2025 approaching, individual taxpayers expect key changes, such as higher tax exemption limits, increased rebates, and enhanced standard deductions.
Israeli Prime Minister Benjamin Netanyahu delayed the ceasefire with Hamas until a list of hostages is received. The ceasefire, mediated by Qatar, the US, and Egypt, is to include a hostage exchange. The temporary truce aims to release hostages and provide humanitarian aid, but Netanyahu stresses that Israel may resume hostilities if necessary.
Riyan Parag will lead Rajasthan Royals for the first three IPL matches while Sanju Samson recovers from finger surgery. Samson, cleared to bat but not to keep wickets, will thus be available only as an 'Impact Player' option. Parag, at 23, joins the youngest IPL captains, starting with the game against Sunrisers Hyderabad, followed by the chance to lead the team against KKR and CSK.
India's insurance penetration fell to 3.7% in FY24 after peaking at 4.2% during Covid, with life insurance penetration dropping to 2.8%. Despite this, per capita premium increased modestly. The life insurance industry's slower growth and increased benefits payouts contrasted with non-life insurance's 12.8% premium growth.
Defence minister Rajnath Singh will present a ceremonial 'chadar' at Ajmer Sharif Dargah, marking the 813th Urs of Khwaja Moinuddin Chishti. The offering will be delivered by Munavvar Khan. Union Minister Kiren Rijiju also visited the dargah to offer a 'chadar' on behalf of PM Modi, emphasizing peace, harmony, and unity.
Luigi Mangione, 26, faces murder charges for the death of UnitedHealthcare CEO Brian Thompson. Police linked Mangione to the crime through DNA, fingerprints, a matching 3D-printed pistol, and surveillance footage. Inscribed shell casings and Mangione's writings suggest a motive tied to corporate criticism, though he denies involvement.