Category: Nation
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Supreme Court Declines Plea to Abolish TDS Framework Under Income Tax Law
In a significant decision on January 24, 2025, the Supreme Court of India declined to entertain a public interest litigation (PIL) that sought to abolish the tax deducted at source (TDS) framework under the Income Tax Act. The Bench, led by Chief Justice of India Sanjiv Khanna, directed the petitioner, advocate Ashwini Upadhyay, to take…
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Tractor Rally organized in Mysuru in support of Farmer Agitation
Mysuru witnessed a powerful display of solidarity among farmers on Sunday as a massive tractor rally rolled through the city in support of the ongoing farmers’ agitation. The protest, spearheaded by the non-political Samyukta Kisan Morcha and its leader Jagjit Singh Dallewal, aimed to demand a law guaranteeing a Minimum Support Price (MSP) for agricultural…
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Amul Slashes Prices for One-Litre Milk
In a move that has caught the attention of households across India, the Gujarat Cooperative Milk Marketing Federation (GCMMF), the parent body of the renowned Amul brand, has announced a significant price cut. Effective immediately, one-litre packs of Amul milk are now cheaper by Re 1 nationwide. The decision reflects a strategic effort by GCMMF…
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Congress Slams PM Modi Over Rupee Depreciation, Predicts INR to hit Century
In a strongly-worded critique of Prime Minister Narendra Modi, the Congress party has spotlighted the dramatic decline in the value of the Indian rupee against the US dollar over the last decade. According to Congress spokesperson Supriya Shrinate, the currency’s depreciation symbolizes not only economic instability but also a decline in the dignity of the…
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Budget 2025: Fuel, Pharma, Electronics, and More – What to Expect
As the much-anticipated Union Budget 2025 approaches, all eyes are on Finance Minister Nirmala Sitharaman as she gears up to announce fiscal measures that could redefine India’s economic landscape. Scheduled for February 1, the budget is expected to focus on driving economic growth, fostering domestic manufacturing, and providing relief to consumers amid inflationary pressures. Here’s…
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RBI’s New LCR Norms: How They Could Reshape Liquidity and Lending in India
The Reserve Bank of India (RBI) has issued a directive to commercial banks, asking them to assess the potential impact of upcoming changes to the liquidity coverage ratio (LCR) norms. This move comes amidst rising concerns from lenders about the potential challenges posed by these new regulations. Proposed Changes Under Review The draft norms, which…
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Indonesian President Prabowo Subianto Arrives in India to Grace Republic Day Celebrations
Indonesian President Prabowo Subianto arrived in New Delhi on Thursday evening for his first official visit to India as the head of state. The primary reason for his visit is to attend India’s 76th Republic Day celebrations as the chief guest, a significant event that underscores the deep and historic ties between the two nations.…
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Jalgaon Train Tragedy: Railways Launches Probe into 12 Passenger Deaths
The Ministry of Railways has formed a five-member committee of senior officials to investigate the tragic train incident near Jalgaon, Maharashtra, where 12 passengers lost their lives after being struck by the Karnataka Express. The incident occurred on Wednesday when the passengers of the Mumbai-bound Pushpak Express disembarked onto the tracks following an alarm-chain pulling…
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