The Appointments Committee of the Cabinet has appointed Sanjay Malhotra, a 1990-batch IAS officer and current Revenue Secretary, as the 26th Governor of the Reserve Bank of India (RBI). He will assume office on December 11, 2024, for a tenure of three years, succeeding Shaktikanta Das, whose term ends on December 10, 2024. Sanjay Malhotra: A Seasoned Bureaucrat with Vast Experience Sanjay Malhotra,…
If you haven’t filed your Income Tax Return (ITR) yet, the clock is ticking. The last chance to file your delayed return for the financial year 2023-24 (assessment year 2024-25) is December 31, 2024. Taxpayers who miss this extended deadline will face hefty fines and legal consequences. Key Deadlines and Late Fees What Happens If…
The Reserve Bank of India (RBI) has decided to keep its benchmark interest rate, the repo rate, steady at 6.5% during its final Monetary Policy Committee (MPC) meeting of the year. This decision comes despite a slowdown in economic growth and increasing calls from government officials to lower rates to support businesses and boost economic…
The Puducherry government, under the leadership of Chief Minister N. Rangasamy, has announced a comprehensive relief package to support those affected by Cyclone Fengal. The devastating cyclone brought heavy rainfall, strong winds, and widespread damage to the Union Territory, prompting swift action to provide financial aid and rehabilitation. Key Relief Measures Immediate Financial Assistance Specific…
PAN 2.0 Project: A Technological Revolution in India’s Taxpayer Registration System The Union Cabinet has recently approved the PAN 2.0 project, an ambitious initiative by the Income Tax Department of India. This project, with an investment of ₹1,435 crore, aims to modernize taxpayer registration services and transition towards a common business identifier. By leveraging cutting-edge…
Tech entrepreneur Elon Musk recently sparked a lively debate on social media by pointing out India’s remarkable efficiency in counting 640 million votes in just one day, contrasting it with California’s prolonged election process. Musk’s comments have drawn widespread attention, with many commending India’s robust electoral system and its dedication to democratic principles. The tweet…
TThe International Criminal Court (ICC) has issued secret arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant, accusing them of crimes against humanity and war crimes. These charges stem from actions allegedly committed during the Gaza conflict between October 2023 and May 2024. The ICC claims their decisions deliberately targeted civilians,…
US prosecutors have accused Gautam Adani, the chairman of the Adani Group, of being involved in a scheme to pay over $250 million in bribes to Indian government officials. The alleged goal was to secure lucrative solar energy contracts. Alongside Gautam Adani, two executives from Adani Green Energy Limited—his nephew Sagar Adani and Vineet Jain—are…
The voting percentage in Maharashtra stood at 45.53% by 3 PM as citizens across the state cast their ballots to elect representatives for all 288 assembly seats. The single-phase election is being closely watched, with key players including the BJP, NCP, and Shiv Sena vying for control in the state. Polling began early on November…
Ayatollah Ali Khamenei, the Supreme Leader of Iran and head of the Islamic Revolution, has once again made headlines amid reports of his declining health. At 85 years old, Khamenei’s recent public appearances have been rare, fueling speculation about his fitness to lead. Recently, he met with Mr. Mojtaba Amani, a key figure in Iranian…
