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Dr Manmohan Singh, India’s last Prime Minister to hold frequent press conferences, in his last press conference as Prime Minister before leaving office after a decade of premiership had put forward his belief that history would be kinder to him than the contemporary media, which was at the time vilifying him on the basis of…
During the 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, it was clarified that unpackaged salted popcorn will attract a 5% GST, while pre-packaged and labelled varieties will incur a 12% tax. In contrast, caramel popcorn, which contains added sugar, will be taxed at a higher rate of 18%, categorising it as a…
As Congress’ longest-serving President was celebrating her 78th birthday on December 9, the Bharatiya Janata Party (BJP) wished her by levelling allegations that Gandhi has connections to organisations funded by the George Soros Foundation, specifically the Forum of Democratic Leaders in Asia Pacific (FDL-AP), which the BJP alleges has supported the notion of Kashmir as…
After the Winter Session of the Parliament finally became functional after much protests and boycotts, the Banking Laws (Amendment) Bill, 2024, introduced by the Union Finance Minister Nirmala Sitharaman, was passed by the Lok Sabha on Tuesday introducing significant reforms aimed at modernising India’s banking sector and enhancing customer convenience. This legislation amends several key…
The death of Ratan Tata, the Chairman Emeritus of Tata Sons, on October 9, 2024, at the age of 86, marked a significant moment in Indian business history, as he was a pivotal figure, a “lighthouse”, as described by his aide and Goodfellows founder Shantanu Naidu, in transforming the Tata Group into a global powerhouse….
The recent incident involving Nirmala Sitharaman, India’s Union Finance Minister, and D. Srinivasan, the owner of the renowned Annapoorna Hotel in Coimbatore, has sparked controversy and debate surrounding the Goods and Services Tax (GST) system in India. During a meeting on September 11, 2024, Srinivasan humorously raised concerns about the complexities of the GST rates…
Announced on August 24, the Unified Pension Scheme (UPS), set to be implemented on April 1, 2025, aims to address the concerns of government employees who have long expressed dissatisfaction with the National Pension Scheme, which was introduced in 2004. The erstwhile and widely preferred Old Pension Scheme used to provide government employees a guaranteed…
The recent allegations made by Hindenburg Research against Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (SEBI), have reignited scrutiny over the regulatory body’s integrity in the ongoing Adani Group controversy. Hindenburg’s report, released on August 10, 2024, claims that Buch and her husband, Dhaval Buch, held stakes in offshore…
The 2024-25 Union Budget, presented by Finance Minister Nirmala Sitharaman on July 23, 2024, marked a significant moment as it was the first budget of the Modi 3.0 government following its re-election. The budget emphasised nine key priorities aimed at fostering economic growth and addressing pressing social issues, including productivity in agriculture, employment generation, and…
The Karnataka cabinet recently approved the Karnataka State Employment of Local Candidates in the Industries, Factories, and Other Establishments Bill, 2024, which mandates significant job reservations for local candidates in the private sector. The bill stipulates that 50% of management positions and 75% of non-management roles in industries, factories, and other establishments must be reserved…