Finance Minister Nirmala Sitharaman announced that the new income tax bill, set to be presented in Parliament, will modernize the IT Act for the 21st century. The aim is to make the tax system simpler for taxpayers to navigate independently while widening the tax base.
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The Reserve Bank of India has confirmed that IndusInd Bank is financially stable and adequately capitalised. Depositors are advised not to react to speculation concerning the bank's foreign exchange derivative portfolio discrepancies, which are to be resolved by March 31, 2025. The bank's financial ratios remain solid.
Pritish Nandy, renowned poet, editor, film producer, Rajya Sabha member, and animal rights activist, passed away at 73 in Mumbai. Known for his work in poetry, journalism, and film production, Nandy made significant contributions to Indian media, including the corporatisation of Bollywood and advocating for animal rights.
Indian tech workers, primarily on H-1B visas, face growing uncertainty under the Trump administration's immigration policies. Major tech firms like Amazon and Google advise employees to avoid international travel to prevent re-entry issues. The Green Card process for Indians is experiencing significant delays, adding to the anxiety despite President Trump's mixed messages on H-1B visas.
India's Test series against Australia is poised at 1-1, with concerns surrounding India's batting inconsistencies and support for Jasprit Bumrah in the attack. Former selector Sunil Joshi suggests Rohit Sharma should open, emphasizes the need for strong character in the batting lineup, and recommends Ashwin's experience for the Gabba Test.
Mohammad Azharuddin has voiced his profound disappointment after the HCA Ombudsman ordered the removal of his name from the North Stand at Rajiv Gandhi International Stadium. He expressed feeling heartbroken and described the situation as a complete disgrace to the sport, further alleging corruption within the HCA led to him being barred from contesting elections.
India faced early setbacks on Day 3 of the Brisbane Test as Starc and Hazlewood ripped through their top order. Jaiswal fell cheaply to Starc for the third time this series, highlighting his vulnerability against left-arm pace. Gill followed soon after, leaving India struggling after Australia posted a formidable 445, fueled by Head's 152 and Smith's century.
Mumbai Indians reached their second Women's Premier League final by defeating Gujarat Giants by 47 runs. The celebration featured both captains, Harmanpreet Kaur and Hardik Pandya, sharing a joyful moment. The win included standout performances from Nat Sciver-Brunt and Hayley Matthews. Mumbai Indians will now face Delhi Capitals in the title match.
Vimal Singh accurately predicted Manmohan Singh's rise to Indian prime ministership, showcasing his foresight and friendship with Singh. Highlighting Singh's humility and accessibility, the article recounts their significant interactions and Singh's leadership during the 2007 Indo-US nuclear deal crisis.
Union minister Giriraj Singh sharply criticized Congress over the Waqf Amendment Bill, accusing the party of past appeasement. Singh highlighted how the BJP-led government rectified the mistakes from 2013. The Lok Sabha passed the bill after an extended debate, aiming to improve Waqf property administration.
In 2025, there will be two solar and two lunar eclipses, but India will only witness the full lunar eclipse in September, according to officials from Ujjain's Jiwaji Observatory. The first three eclipses will not be visible in India, including a total lunar eclipse in March and a partial solar eclipse in March and September.