Finance Bill, Appropriation Bills Returned by Rajya Sabha
Rajya Sabha returns Finance Bill, appropriation bills after discussion The Parliament on Thursday gave its nod to the Modi government’s interim Budget with Rajya Sabha returning the Finance Bill 2024 and related appropriation bills after discussion. The Finance Minister Nirmala Sitharaman assured that the government will honour the fiscal deficit glide path given in 2021 […]
Rajasthan Budget: PM-KISAN Now ₹8,000, Wheat MSP Up
The Rajasthan government presented its farmer-focused Budget on Thursday, February 8, 2024. The Budget included several announcements to benefit the farmers of the state, such as increasing the amount under the PM-KISAN scheme and raising the minimum support price (MSP) for wheat. PM-KISAN Amount Increased to ₹8,000 in Rajasthan Budget The PM-KISAN scheme is a […]
ANRF Act Provisions: A Closer Look
The Anusandhan Research Foundation (ANRF) Act is a landmark legislation that aims to transform India’s research and innovation landscape. The Act was brought into force on February 5, 2024 by the Government of India, fulfilling its commitment to make research and innovation the fulcrum of growth and development of the country. What is ANRF Act […]
SHRESHTA: A Scheme for Progress
SHRESHTA is a new scheme launched by the government to provide quality residential education to meritorious SC students in the best private schools in the country. The scheme aims to empower SC students and facilitate their socio-economic progress. What is SHRESHTA? SHRESHTA stands for Scheme for Residential Education for Students in High Schools in Targeted […]
TCS Hikes Rates on Overseas Tour Packages by 15%
If you are planning to book an overseas tour package from a travel agent, be ready to pay more from October 1, 2023. The government has increased the tax collection at source (TCS) rate from 5% to 20% on such packages, as per the Budget 2023-24. This means that you will have to shell out […]
10-Year Jail Term for Leaking UPSC, SSC, Railway Exam Papers
The Public Examinations (Prevention of Unfair Means) Bill, 2024, introduced in the Lok Sabha on Monday, proposes stringent penalties for question paper leaks in exams conducted by UPSC, SSC, Railway and other agencies. The bill aims to bring greater transparency, fairness and credibility to the public examination systems and to reassure the youth that their […]
11.48 Cr PANs Unlinked: Govt Collects Rs 600 Cr in Penalties
The Permanent Account Number (PAN) is a unique identification number issued by the Income Tax Department to taxpayers in India. The Aadhaar is a 12-digit biometric identity number issued by the Unique Identification Authority of India (UIDAI) to residents of India. The government has made it mandatory to link PAN with Aadhaar for filing income […]
Class 1-8 Students to Get Free Sweaters, Bags by UP Govt
The Uttar Pradesh government has announced a budget allocation of Rs 1,000 crore for providing free sweaters, shoes, socks and bags to over 2 crore students of classes 1 to 8 in government schools. The scheme aims to encourage education and improve the infrastructure of primary schools in the state. According to Finance Minister Suresh […]
Rs 2 Lakh for Rural Housing in Interim Budget
The interim budget 2024, presented by Union finance minister Nirmala Sitharaman on February 1, has brought some cheer to the rural and middle-class home buyers. The budget has proposed to increase the assistance for rural housing under the Pradhan Mantri Awas Yojana – Gramin (PMAY-G) scheme by 66 per cent, from Rs 1.2 lakh to […]
CBDT to Send Notices to Taxpayers for Not Filing ITRs: Are You on the List?
The Central Board of Direct Taxes (CBDT) has announced that it will send notices to some taxpayers who have not filed their income tax returns (ITRs) despite having tax deducted at source (TDS) on their incomes. According to CBDT chairman Nitin Gupta, there are about 15 million such taxpayers in India. The department will send […]