Trump’s ‘Big, Beautiful Bill’ Signed into Law: New Taxes on Remittances and University Endowments Take Effect Washington D.C. – US President Donald Trump signed the ‘Big, Beautiful Bill’ into law on July 4, 2025, marking a significant legislative achievement that introduces a 1% tax on remittances and expands the excise tax on university endowments, alongside … Read more
The Finance Ministry announced today, July 4, 2025, that the Unified Pension Scheme (UPS) will now enjoy the exact same tax benefits as the National Pension System (NPS). This move ensures fairness and provides significant tax relief and incentives for those choosing the UPS. Understanding the Tax Perks The decision means employees opting for UPS … Read more
Diesel car owners in Delhi are facing a harsh reality: they’re paying for 15 years of road tax but can only drive their vehicles for 10. This costly predicament stems from a legal clash between national vehicle registration norms (15 years) and a Delhi-specific ban on diesel vehicles older than 10 years, imposed by the … Read more
I am under no pressure; I do not exert pressure on anyone, nor do I work under pressure: Vice-President When we go abroad, there is no ruling or opposition party — it’s only Bharat: Vice-President In politics, one may belong to different parties, but that does not mean we are enemies; our enemies may be … Read more
Monthly review of accounts of Government of India upto May 2025 (FY 2025-26) The monthly accounts of the Government of India upto the month of May, 2025 has been consolidated and reports published. The highlights are given below: – The Government of India has received ₹7,32,963 crore (21.0% of corresponding BE 2025-26 of Total Receipts) … Read more
Prime Minister Shri Narendra Modi leads nationwide celebrations of the 11th International Day of Yoga in Visakhapatnam, Andhra Pradesh Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman participates in International Yoga Day celebrations at AJNIFM, Faridabad IYD 2025 is being celebrated with the theme “Yoga for One Earth, One Health” — highlighting interconnectedness … Read more
India’s economic landscape for the 2025-26 financial year is looking robust, with leading ratings agency ICRA projecting significant growth and providing insights into key indicators. Key Economic Projections for FY2025-26 ICRA forecasts India’s real GDP growth to exceed 6.5%, a strong indicator of the nation’s economic momentum. Complementing this, real Gross Value Added (GVA) growth … Read more
If you’re considering rebalancing your mutual fund portfolio by selling some units and reinvesting the proceeds, it’s crucial to understand the tax implications. Many investors assume that simply moving money from one fund to another, especially within the same fund house, might be tax-exempt. However, as explained by CA Foram Naik Sheth of NPV Associates … Read more
Directorate of Enforcement (ED), Kolkata Zonal Office has filed a Prosecution Complaint (PC) againstAjad Mallik @ Ahammed Hossain Azad @ Azad Hossain, a Pakistani National, before the Hon’ble Special Court(PMLA), Kolkata on 13.06.2025. The Hon’ble Court has issued pre-cognizance notice upon the accused personand fixed a date for hearing.ED initiated investigation on the basis of … Read more
Directorate of Enforcement (ED), Kolkata Zonal Office has filed a Prosecution Complaint (PC) againstAjad Mallik @ Ahammed Hossain Azad @ Azad Hossain, a Pakistani National, before the Hon’ble Special Court(PMLA), Kolkata on 13.06.2025. The Hon’ble Court has issued pre-cognizance notice upon the accused personand fixed a date for hearing.ED initiated investigation on the basis of … Read more