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Amendments to Income Tax Rules for Cruise Operators

The income tax department enacted amendments to the Income Tax Rules, enhancing the presumptive taxation regime for non-resident cruise ship operators. This initiative is part of the government's...

 January 23, 2025

Increase in Minimum Support Price for Raw Jute

On January 22, 2025, the Union government of India announced increase in the Minimum Support Price (MSP) for raw jute. The MSP has been raised by 6 per...

 January 23, 2025

Global Economic Growth Trends and Divergence in 2025

Global economic growth is projected to show slight improvement. The International Monetary Fund (IMF) anticipates growth to reach 3.3 percent this year. This figure remains below the pre-pandemic...

 January 18, 2025

Government Funding Boosts Startup India Mission Success

The Startup India mission has gained traction since its inception. Recent developments highlight the role of government funding in boosting this initiative. Union Minister of Commerce and Industry,...

 January 17, 2025

Reviving District Agrometeorological Units for Farmers’ Support

The Government of India is taking steps to revive the District Agrometeorological Units (DAMUs). These units provided vital weather-related information to farmers but were recently closed by the...

 January 13, 2025

New Trains and Infrastructure Boost in Assam

The Government of India has recently enhanced rail connectivity in Assam. This initiative aligns with the vision of the Honorable Prime Minister to improve transportation across the region....

 January 4, 2025

Decline in India’s Petroleum Product Exports

In November 2023, India's petroleum product exports experienced downturn. This decline was largely attributed to sluggish demand in developed markets, increased domestic consumption, and a notable decrease in...

 January 2, 2025

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