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In a tragic incident on Thursday morning, three workers are feared dead, and nearly 30 others have been injured after a roof slab collapsed at an under-construction cement factory in Panna district, Madhya Pradesh. The roof slab was being laid as part of the construction work at the JK Cement plant when it suddenly gave way, trapping more than 50 workers under the debris. Panna's superintendent of p
In a tragic incident on Thursday morning, three workers are feared dead, and nearly 30 others have been injured after a roof slab collapsed at an under-construction cement factory in Panna district, Madhya Pradesh. The roof slab was being laid as part of the construction work at the JK Cement plant when it suddenly gave way, trapping more than 50 workers under the debris. Panna's superintendent of p
Union Minister of Information Technology, Ashwini Vaishnaw, revealed that India will soon host the popular DeepSeek AI model, developed by a Chinese startup, on Indian servers to address privacy issues. This move is part of India's broader strategy to bolster its AI capabilities, with Vaishnaw also announcing plans to develop the country's own foundational AI model in the coming months.
In addition to this, Vaishnaw highlighted the creation of a common computing facility wit
Union Minister of Information Technology, Ashwini Vaishnaw, revealed that India will soon host the popular DeepSeek AI model, developed by a Chinese startup, on Indian servers to address privacy issues. This move is part of India's broader strategy to bolster its AI capabilities, with Vaishnaw also announcing plans to develop the country's own foundational AI model in the coming months.
In addition to this, Vaishnaw highlighted the creation of a common computing facility wit
DTC to Be Introduced Separately:
Sources have confirmed that the much-anticipated Direct Tax Code (DTC), which seeks to simplify India’s income tax laws, will be introduced separately and not as part of the Union Budget 2025. Finance Minister Nirmala Sitharaman is expected to deliver the budget speech on Saturday, but the new tax code will be presented at a later date. This move marks a shift from earlier reports suggesting the DTC would be included with the budg
DTC to Be Introduced Separately:
Sources have confirmed that the much-anticipated Direct Tax Code (DTC), which seeks to simplify India’s income tax laws, will be introduced separately and not as part of the Union Budget 2025. Finance Minister Nirmala Sitharaman is expected to deliver the budget speech on Saturday, but the new tax code will be presented at a later date. This move marks a shift from earlier reports suggesting the DTC would be included with the budg
Extended Economic Slowdown Expected:
Maneesh Dangi, the CEO of Mosaic Asset Management, predicts that India's ongoing economic slowdown will last for at least another year and a half, contrary to the more optimistic views of many market participants. He believes the country is in the midst of a cyclical slowdown, which is a recurring phase in the economy. Dangi explains that such slowdowns typically last for five to seven quarters and do not recover without substan
Extended Economic Slowdown Expected:
Maneesh Dangi, the CEO of Mosaic Asset Management, predicts that India's ongoing economic slowdown will last for at least another year and a half, contrary to the more optimistic views of many market participants. He believes the country is in the midst of a cyclical slowdown, which is a recurring phase in the economy. Dangi explains that such slowdowns typically last for five to seven quarters and do not recover without substan
Overview of China’s Technological Progress and India’s Struggles
In the first paragraph, Nithin Kamath highlights the significant technological progress made by China, particularly in AI with startups like DeepSeek. Kamath draws a historical comparison between China and India’s development, noting that both countries had similar per-capita GDP in the 1960s and 7
Overview of China’s Technological Progress and India’s Struggles
In the first paragraph, Nithin Kamath highlights the significant technological progress made by China, particularly in AI with startups like DeepSeek. Kamath draws a historical comparison between China and India’s development, noting that both countries had similar per-capita GDP in the 1960s and 7
Gongadi Trisha, the rising star of Indian women's cricket, made history by becoming the first player to score a century in the ongoing Women's T20 U-19 World Cup. Her dazzling 110* off 53 balls guided India to a commanding 150-run victory over Scotland in their Super Six encounter. India posted a massive 208/1, and Scotland was bowled out for a mere 58 runs. Trisha, who had previously shown great form with scores of 49 and 40 in the tournament, has been one of the standout players for
Gongadi Trisha, the rising star of Indian women's cricket, made history by becoming the first player to score a century in the ongoing Women's T20 U-19 World Cup. Her dazzling 110* off 53 balls guided India to a commanding 150-run victory over Scotland in their Super Six encounter. India posted a massive 208/1, and Scotland was bowled out for a mere 58 runs. Trisha, who had previously shown great form with scores of 49 and 40 in the tournament, has been one of the standout players for
Gold prices in Delhi hit an all-time high of Rs 83,750 per 10 gram on Wednesday, marking a significant rise of Rs 910 from the previous trading session. The surge was attributed to increased demand from jewellers and retailers. The 99.9% purity gold, which had closed at Rs 82,840 per 10 gram on the previous day, experienced a sharp rise, continuing its upward momentum seen earlier this year. From January 1, gold has jumped Rs 4,360 or 5.5%, reflecting a steady demand for the precious metal.
Gold prices in Delhi hit an all-time high of Rs 83,750 per 10 gram on Wednesday, marking a significant rise of Rs 910 from the previous trading session. The surge was attributed to increased demand from jewellers and retailers. The 99.9% purity gold, which had closed at Rs 82,840 per 10 gram on the previous day, experienced a sharp rise, continuing its upward momentum seen earlier this year. From January 1, gold has jumped Rs 4,360 or 5.5%, reflecting a steady demand for the precious metal.
Telangana Chief Minister A. Revanth Reddy proudly announced that the state has secured approximately Rs 1.8 lakh crore in investments during his recent visit to the World Economic Forum (WEF) annual meeting in Davos, Switzerland. This marks a significant milestone for the state, with the Chief Minister emphasizing the importance of these investments in bolstering Telangana's economic growth.
Taking a dig at the opposition Bharat Rashtra Samithi (BRS), Reddy refuted their claims
Telangana Chief Minister A. Revanth Reddy proudly announced that the state has secured approximately Rs 1.8 lakh crore in investments during his recent visit to the World Economic Forum (WEF) annual meeting in Davos, Switzerland. This marks a significant milestone for the state, with the Chief Minister emphasizing the importance of these investments in bolstering Telangana's economic growth.
Taking a dig at the opposition Bharat Rashtra Samithi (BRS), Reddy refuted their claims
A political standoff erupted on Tuesday between the Aam Aadmi Party (AAP) and the Bharatiya Janata Party (BJP) over allegations of "poisoned water" being supplied to Delhi via the Yamuna river. The Congress, amid this growing controversy, has intervened by demanding action from the Election Commission (EC) against both parties, depending on the validity of the claims. The row began when AAP leaders, including Delhi Chief Minister Arvind Kejriwal and Punjab CM Bhagwant Mann, filed co
A political standoff erupted on Tuesday between the Aam Aadmi Party (AAP) and the Bharatiya Janata Party (BJP) over allegations of "poisoned water" being supplied to Delhi via the Yamuna river. The Congress, amid this growing controversy, has intervened by demanding action from the Election Commission (EC) against both parties, depending on the validity of the claims. The row began when AAP leaders, including Delhi Chief Minister Arvind Kejriwal and Punjab CM Bhagwant Mann, filed co
A recent report by global analytics firm FICO has highlighted the increasing threat of scams in India's real-time payments (RTP) ecosystem. According to the survey, over one-third (34%) of respondents have lost money to scams, paying for goods, services, or investments that were never delivered.
The report further reveals that 60% of respondents have received messages from scammers, and 54% reported that friends or family members have been scammed. Despite fewer people reporting
A recent report by global analytics firm FICO has highlighted the increasing threat of scams in India's real-time payments (RTP) ecosystem. According to the survey, over one-third (34%) of respondents have lost money to scams, paying for goods, services, or investments that were never delivered.
The report further reveals that 60% of respondents have received messages from scammers, and 54% reported that friends or family members have been scammed. Despite fewer people reporting
India and China recently concluded a two-day foreign secretary-level meeting where several important decisions were made, marking a step toward stabilizing and rebuilding bilateral relations. The most significant outcome was the agreement to resume the Kailash-Mansarovar yatra during the summer, which has been suspended since 2020 due to the COVID-19 pandemic. The resumption of this sacred pilgrimage to Mount Kailash and Mansarovar lake in Tibet is expected to ease tensions and foster people-
India and China recently concluded a two-day foreign secretary-level meeting where several important decisions were made, marking a step toward stabilizing and rebuilding bilateral relations. The most significant outcome was the agreement to resume the Kailash-Mansarovar yatra during the summer, which has been suspended since 2020 due to the COVID-19 pandemic. The resumption of this sacred pilgrimage to Mount Kailash and Mansarovar lake in Tibet is expected to ease tensions and foster people-
Gold futures on the Multi Commodity Exchange (MCX) have surged to an all-time high, climbing 0.43% from Thursday's rates, reaching Rs 79,970 for contracts expiring on February 5, 2025. The precious metal has seen an upward trajectory this week, following a climb in spot prices which also touched record highs. As of 6:50 a.m. on Friday, gold's spot price in India stood at Rs 79,980 per 10 grams, according to the India Bullion Association. Despite the earlier rise, prices cooled o
Gold futures on the Multi Commodity Exchange (MCX) have surged to an all-time high, climbing 0.43% from Thursday's rates, reaching Rs 79,970 for contracts expiring on February 5, 2025. The precious metal has seen an upward trajectory this week, following a climb in spot prices which also touched record highs. As of 6:50 a.m. on Friday, gold's spot price in India stood at Rs 79,980 per 10 grams, according to the India Bullion Association. Despite the earlier rise, prices cooled o
Andhra Pradesh Chief Minister N. Chandrababu Naidu expressed immense optimism for India's future, declaring that the country has entered its golden era of economic growth. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Naidu highlighted that India's economy is poised for significant growth, predicting it will register the fastest incremental GDP growth from 2028 onwards. He credited Prime Minister Narendra Modi's leadership and emphasized the stability provided
Andhra Pradesh Chief Minister N. Chandrababu Naidu expressed immense optimism for India's future, declaring that the country has entered its golden era of economic growth. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Naidu highlighted that India's economy is poised for significant growth, predicting it will register the fastest incremental GDP growth from 2028 onwards. He credited Prime Minister Narendra Modi's leadership and emphasized the stability provided
With the Modi government set to present its second full budget for the third term in power, the middle and lower-income groups across India are hopeful for key reforms that could alleviate their financial burdens. The anticipated reforms in Budget 2025 include tax relief measures, simplification of income tax laws, and a focus on financial literacy, insurance, and retirement savings.
Key Expectations from Budget 2025
Insurance Sector Reforms:
With the Modi government set to present its second full budget for the third term in power, the middle and lower-income groups across India are hopeful for key reforms that could alleviate their financial burdens. The anticipated reforms in Budget 2025 include tax relief measures, simplification of income tax laws, and a focus on financial literacy, insurance, and retirement savings.
Key Expectations from Budget 2025
Insurance Sector Reforms:
House Rent Allowance (HRA) is a component of an employee’s salary provided by employers to help cover rental expenses. Depending on various conditions, HRA may be partially or fully exempt from taxes. However, to benefit from this exemption, employees need to meet specific criteria.
Is HRA Taxable?
While HRA is part of an employee’s salary and is initially included in taxable income, it can be exempt under certain conditions. If the employee lives in a rented
House Rent Allowance (HRA) is a component of an employee’s salary provided by employers to help cover rental expenses. Depending on various conditions, HRA may be partially or fully exempt from taxes. However, to benefit from this exemption, employees need to meet specific criteria.
Is HRA Taxable?
While HRA is part of an employee’s salary and is initially included in taxable income, it can be exempt under certain conditions. If the employee lives in a rented
The Kho Kho World Cup 2025 has brought a new wave of excitement to the sport, highlighting its potential for international growth. Held in India, the event demonstrated how this traditional South Asian game is gaining traction across continents, from the United States to Brazil and beyond. The tournament not only showcased thrilling matches but also brought awareness to the possibilities for Kho Kho’s expansion, especially with low investment and minimal infrastructure requirements.
The Kho Kho World Cup 2025 has brought a new wave of excitement to the sport, highlighting its potential for international growth. Held in India, the event demonstrated how this traditional South Asian game is gaining traction across continents, from the United States to Brazil and beyond. The tournament not only showcased thrilling matches but also brought awareness to the possibilities for Kho Kho’s expansion, especially with low investment and minimal infrastructure requirements.
On Tuesday, US Secretary of State Marco Rubio will hold his first bilateral meeting with India's External Affairs Minister S. Jaishankar in Washington. Jaishankar is visiting the US at the invitation of the US Government to attend the inauguration of Donald Trump as the 47th President of the United States. Rubio’s meeting with Jaishankar is noteworthy, as it marks Rubio's first official bilateral engagement as Secretary of State and underscores the importance of strengthening US
On Tuesday, US Secretary of State Marco Rubio will hold his first bilateral meeting with India's External Affairs Minister S. Jaishankar in Washington. Jaishankar is visiting the US at the invitation of the US Government to attend the inauguration of Donald Trump as the 47th President of the United States. Rubio’s meeting with Jaishankar is noteworthy, as it marks Rubio's first official bilateral engagement as Secretary of State and underscores the importance of strengthening US
The U.S. decision to withdraw from the Organisation for Economic Co-operation and Development’s (OECD) global tax deal, led by President Trump in his second term, could lead to significant shifts in the global tax landscape. However, according to tax expert Rakesh Nangia, India's tax policy will not be heavily impacted by this move. India had taken a more cautious approach toward implementing the Global Anti-Base Erosion (GloBE) rules and had not introduced substantial changes to it
The U.S. decision to withdraw from the Organisation for Economic Co-operation and Development’s (OECD) global tax deal, led by President Trump in his second term, could lead to significant shifts in the global tax landscape. However, according to tax expert Rakesh Nangia, India's tax policy will not be heavily impacted by this move. India had taken a more cautious approach toward implementing the Global Anti-Base Erosion (GloBE) rules and had not introduced substantial changes to it
Siemens' Investment in India's Workforce and Technology: Peter Koerte, the Managing Director of Siemens, emphasized India’s potential due to its large number of small and medium enterprises (SMEs) — around 60 million — and the need for simplified, user-friendly technology to boost these businesses. He mentioned that Siemens sees India as a vital growth market,
Siemens' Investment in India's Workforce and Technology: Peter Koerte, the Managing Director of Siemens, emphasized India’s potential due to its large number of small and medium enterprises (SMEs) — around 60 million — and the need for simplified, user-friendly technology to boost these businesses. He mentioned that Siemens sees India as a vital growth market,
At the World Economic Forum in Davos, Gita Gopinath, the Deputy Managing Director of the International Monetary Fund (IMF), discussed the impact of Artificial Intelligence (AI) on India’s workforce, revealing that an estimated 26% of the workforce across various industries is exposed to AI. Of these, 14% are expected to benefit from AI technologies, while 12% will face a displacement effect due to automation.
This aligns with earlier comments made by India’s G20 Sherpa,
At the World Economic Forum in Davos, Gita Gopinath, the Deputy Managing Director of the International Monetary Fund (IMF), discussed the impact of Artificial Intelligence (AI) on India’s workforce, revealing that an estimated 26% of the workforce across various industries is exposed to AI. Of these, 14% are expected to benefit from AI technologies, while 12% will face a displacement effect due to automation.
This aligns with earlier comments made by India’s G20 Sherpa,
