India may reduce income tax for individuals earning up to Rs 15 lakh annually in the upcoming budget to support the middle class and drive consumption. This potential change, under the 2020 tax system, could alleviate financial pressures on millions and stimulate economic growth, particularly in urban areas struggling with high inflation and living costs.
Related news
The Champions Trophy returns after seven years, with Pakistan hosting New Zealand in Karachi. It’s a significant moment for Pakistan cricket, marking their first major ICC tournament in 29 years post-security concerns. Both teams have had intense past encounters, with New Zealand having an edge. Key players' fitness updates include Haris Rauf and Rachin Ravindra.
BJP's Harpreet Kaur Babla was elected as the new mayor of Chandigarh Municipal Corporation, thanks to cross-voting by three councillors. She won by a margin of two votes against AAP's Prem Lata. Congress and AAP leaders called for strict action against the cross-voters involved.
JP Morgan Chase CEO Jamie Dimon advised young investors to focus on America's promising future, citing its vast wealth and potential advancements in health and technology. He stressed prioritizing mental and physical well-being, alongside treating others with respect.
Bill Gates, co-founder of Microsoft, opened up about his relationship with Paula Hurd, describing it as a source of happiness. They were first seen together in 2022 and have attended numerous events. Gates also acknowledged regrets from his past marriage to Melinda French Gates, including an affair and his association with Jeffrey Epstein.
In 2024, the Supreme Court of India delivered numerous landmark judgments, addressing significant legal issues such as election-related bail, child pornography under POCSO, UAPA arrests, and the Electoral Bonds Scheme. The court also tackled contentious topics like EVM reliability, habeas corpus petitions, unlawful demolitions, and minority status for Aligarh Muslim University.
The Senate unanimously confirmed Marco Rubio as secretary of state on Inauguration Day, making him the first Latino to hold the position. Democrats are strategically cooperating on certain nominees while reserving opposition for others. Rubio is acknowledged for his expertise in American foreign policy and his stance on China's rise.
New Zealand head coach Gary Stead provided updates on the injuries of key players Rachin Ravindra and Lockie Ferguson ahead of the ODI tri-series final against Pakistan. Ravindra is recovering well from a forehead injury and Ferguson is progressing with his hamstring recovery, with potential participation in upcoming matches. Both are crucial for the Champions Trophy in February.
Tulsi Gabbard, America's first Hindu-American female lawmaker, meets Indian Prime Minister Modi after being confirmed as the Director of National Intelligence. Their meeting signifies potential enhancements in intelligence cooperation between the US and India, amidst Gabbard's longstanding spiritual ties to India and scrutiny over her loyalties in the US establishment.
Volkswagen bringing the Golf GTI and Tiguan R-Line to India would be an exciting move, but it comes with both opportunities and challenges. Since both models are coming via CBU route, high import duties will make them prohibitively expensive. Bringing the Tiguan R-Line to India appears to be a strategic decision, considering the country’s strong preference for SUVs.
NASA astronauts Butch Wilmore and Sunita Williams are set to return to Earth after a nine-month mission on the ISS due to spacecraft issues. Their return was made possible by SpaceX's Crew-10 mission. The new crew's arrival prompted a joyful reunion as Williams celebrated with warm embraces and dancing.