Tax experts are anticipating that Budget 2025 will reintroduce sops for EV purchases and clarify the computation of perquisite value for company-provided cars. The perquisite value mechanism, which currently applies to conventional fuel cars, may need to include electric and hybrid vehicles to encourage their use.
Related news
"The rise of China as a dominant economic and strategic force adds complexity, creates competition, and hampers India's effort to be the natural leader for the Global South," Gen Dwivedi said while speaking at the fourth General Bipin Rawat Memorial Lecture in Delhi.
In Ajmer's Lavera village, police protection was provided for a scheduled caste wedding procession to prevent opposition from upper caste locals. Around 400 officers ensured the groom could ride a horse without incident. The bride's father sought security citing community fear, but no discrimination occurred. Youth today oppose such biases, fostering a safer environment.
A political dispute has erupted over Tahawwur Rana's extradition to India, with Congress claiming credit for initiating the process during the UPA government. Shiv Sena countered, accusing Congress of appeasement politics and crediting Prime Minister Modi's diplomatic efforts for the extradition. The debate highlights differing views on the handling of the 26/11 Mumbai attacks case.
Arshdeep Singh has become India's leading T20I bowler, overtaking Yuzvendra Chahal with 97 wickets in 61 matches. Former cricketer Aakash Chopra praised Singh's ability to swing the ball both ways and his intelligent use of variations. Singh's skill set, including high-arm action and bounce, makes him a standout left-arm pacer in T20 cricket.
Prime Minister Narendra Modi lauded French activists in Marseille for resisting Britain's effort to take Veer Savarkar back after his escape from a British ship in 1910. Modi, with French President Emmanuel Macron, visited the Mazargues War Cemetery to honor Indian soldiers. He noted Savarkar's bravery as a continuing inspiration.
Riding on Mohammed Shami's 5 for 53 and Shubman Gill's excellent hundred, India registered a comfortable six-wicket win over Bangladesh in their opening match of Champions Trophy in Dubai on Thursday. Pacer Shami returned to an ICC tournament with a five-wicket haul to help his team bowl out Bangladesh for 228. In reply, India completed the chase with 21 balls to spare.
The government incurred a loss of Rs 1,757.56 crore as BSNL failed to bill Reliance Jio for passive infrastructure sharing for a decade, as revealed by a CAG report. Additionally, BSNL's negligence in its agreement with RJIL resulted in further revenue losses due to non-adherence to the escalation clause.
Sindhu Gangadharan, Nasscom chairperson, criticizes global tech giants like Meta and Amazon for reducing diversity initiatives, calling it unfortunate and urging adherence to core values. She underscores the importance of diversity in achieving global success, emphasizing its role in product development and customer satisfaction.
US President Trump announced a new $5 million 'Gold Card' programme, designed to attract wealthy, job-creating individuals to the US. The initiative aims to replace the existing EB-5 Immigrant Investor Programme and promises citizenship along with tax contributions from successful entrepreneurs.
India's trade deficit fell to $22 billion in December as exports declined 1% to $38 billion and imports rose 5% to $60 billion. Key factors included a drop in oil product and gems exports, contrasted by rising electronics and garment shipments. Commerce secretary Sunil Barthwal highlighted the resilience of Indian exports and government strategies targeting top markets to boost trade amidst global challenges.