Government and Policy

The existing Income Tax Act has 23 chapters containing 536 sections and 16 schedules. The new Bill with 298 sections and 14 schedules will be more concise the existing act. Once passed in the Parliament, the Bill will come into effect from April 1, 2026

AAP trolls claimed that a multi crore scam had been perpetrated in the Ayushman Bharat scheme, however, that is not true.

India has lodged a strong protest against Bangladesh for negative portrayal of India in the country and holding the Indian govt responsible for its internal problems

PM Modi also discussed how the Vibrant Village Programme played a key part in the drastic improvement of remote areas of India.

The observation came as several hospitals from Punjab sought the release of funds from the state government under the Ayushman Bharat Yojana. It was noted that the state released Rs 26 crore to the tune of notwithstanding bills amounting to Rs 500 crore.

Nepal has officially banned solo expeditions to all mountains above 8,000 meters, every 2 members of a mountaineering team must be accompanied by at least one altitude worker or mountain guide

In the budget 2025-26, Union Finance Minister Nirmala Sitharaman announced that ships of specified size would be inducted in the harmonised master list of infrastructure making them eligible for financial incentives. This will attract private investment in the shipbuilding industry and enhance fleet modernisation.

Additionally, the government has decided to boost cotton production and has announced a five-year Cotton Mission. Amid this, the government has decided to address the challenges of stagnant cotton productivity, especially extra-long staple varieties.

Under the tax structure announced in the budget, marginal relief will be calculated by deducting the amount exceeding ₹12,00,000 from the tax calculated on the entire taxable income

While now there is no tax on income up to ₹12 lakh, in 2014 it was in the highest tax bracket, which started at ₹10 lakh with a tax rate of 30%.