The Bill simplifies tax provisions by reducing the number of sections from 819 to 536 and chapters from 47 to 23, using modern tables and formulae for clarity.

As per clause 425 of the Income-tax (No. 2) Bill, 2025, passed by the Lok Sabha on Monday, if the advance tax shortfall is made good by the next day of the quarterly due date, interest would be charged for one month at 1 per cent

The Bill also extends direct tax benefits available to sovereign wealth funds to Saudi Arabia’s Public Investment Fund and its subsidiaries. 

Government considers structured marketplace to ensure better price discovery

Forest fire control activities under MNREGA would help in effective protection of forests and wildlife, a Ministry notification said

The bodies have raised concerns regarding removal of exemptions provided for journalistic purposes in the 2018, 2019 and 2021 versions of the DPDP Bill

MNRE to issue approved list of models and manufacturers

The policy aims to promote domestic manufacturing and ensure quality.

Stringent new stipulations part of revised vigilance guidelines issued by Department of Public Enterprises under Finance Ministry

The DPDP Act provides a comprehensive framework for the protection of digital personal data of individuals while making data fiduciaries accountable for personal data breaches

NITI Aayog proposes Chinese firms can take up to 24% of Indian firms without vetting, say sources

Move comes amid increasing instances of collapsing bridges, cave-ins, and erosion of roads and buildings

Manufacturers feel any exemption for ongoing projects will derail industry

Stellantis, which has presence in India through brands like Jeep and Citroen, feels that policy framework should work informally across the nation so that the industry is able to execute long-term business strategies.

The Ministry said the existing audience measurement technology does not sufficiently capture viewership on emerging platforms such as smart TVs, streaming devices and mobile apps.

The decision brings parity between the two schemes and provides a level playing field for employees choosing UPS over the traditional NPS

The Defence Acquisition Council decisions, first after Operation Sindoor, will give boost to indigenous defence industries

 With a July 9 deadline looming—the end of the 90-day suspension of the 26% reciprocal tariff imposed by the Trump administration—both nations are racing to finalise a pact. 

61% of MSMEs stated that government skill and talent initiatives had not reached them, while 39% affirmed that they had received benefits.

Interested institutions can send their bids to Coal Ministry by July 7