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India's new tax rules come into effect from tomorrow.

Upto 3 lakh - 0
3 lakh to 6 lakh - 5%
6 lakh to 9 lakh - 10%
9 lakh to 12 lakh - 15%
12 lakh to 15 lakh - 20%
15 lakh and above - 30%

Under New Tax Regime, taxpayers no longer need to maintain a track record of travel tickets and rent receipts.

#India #Economy
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๐Ÿ‡ท๐Ÿ‡บโšก๏ธ- Russian President Vladimir Putin has signed a decree on Springs Conscription. 150,000 citizens aged 18 - 30 will be conscripted from April 1 - July 15.

#Geopolitics #War #Conflict
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NATGRID now has 105 Crore Facial Entries for Enhanced Surveillance

The officials said that facial data of around 80 per cent of Indiaโ€™s population would help in tracking criminals.

The facial entries include data captured during Covid-19 pandemic, even when individuals were wearing masks. It is to be noted that the system, which is being used in the NATGRID, is capable of โ€œefficiently accessing and matchingโ€ data of masked faces within minutes.

#India #Security

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In its 2019 election manifesto, BJP pledged to double the number of functional airports in the country to over 200 by 2024. However, an analysis of the government data shows the promise remains unfulfilled, with only about 135 functional airports currently operating in India. #Aviation #Infra

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EAM Jaishankar earlier today in Delhi held a 45 min presser conference on Kachchatheevu issue & problems arising from Tamil fisherman bcz of that. In June 1974, India SL drew a maritime boundary with Kachchatheevu falling in SL side.

Indian Claims on Kachchatheevu
EAM Jaishankar points:
-Belong to Raja of Ramnad from East Indian company, as part of Zamindari rights
-Went to Madras govt
-Indian customs went to the location
-No documentary evidence that SL had original title

#ForeignAffairs #Geopolitics #IndianSubcontinent
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Indian #defence #exports have crossed Rs 21000 crore.
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Confirmedโ€ผ๏ธ- General Electric to provide 80% ToT for F414 engine production in India ๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿค๐Ÿ‡บ๐Ÿ‡ฒ by HAL for Tejas Mk2

HAL & GE have inked an MoU regarding the same.

#MakeInIndia #Defence #Aviation
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Supreme Court Issues Notice To ECI On Plea For 100% EVM Votes-VVPAT Verification

#LS2024 #GE2024
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๐Ÿ‡ฎ๐Ÿ‡ฑโš”๏ธ๐Ÿ‡ฎ๐Ÿ‡ท Israel has conducted Airstrikes on the Iranian Embassy in Syrian Capital City Damascus. 6 people including a Senior Commander of IRGC has been killed in the Strike. #InternationalNews
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Letโ€™s make โ‚น a global currency: PM to RBI

PM Modi asks RBI to prepare 10-year strategy for global acceptance of Indian rupee, urges focus on credit needs of all sectors, especially youth and innovators

โ€œYou have adequate time till Iโ€™m busy in elections for the next 100 days. You must think in advance about it because tasks will pour in on the very second day after the oath-taking [ceremony],โ€ the PM said while addressing a function in Mumbai to commemorate 90 years of the RBI.

#India #Geopolitics #Economy

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India March Manufacturing PMI at 59.1 vs 56.9 in February, at 16-year high.

#Economy
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The Armed Forces intend to establish Mumbai as the nation's first "tri-service common defence station" for the Army, Navy, and Indian Air Force (IAF).

This move is intended to foster unity among the three services in advance of the establishment of integrated theatre commands.

#India #Defence

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No petrol and diesel vehicles in India: Nitin Gadkari vows to cut fossil fuel bill

"One hundred per cent," the Union Minister for Road Transport and Highways said when asked whether it is possible for India to get rid of petrol and diesel cars altogether.

Gadkari did not give any timeline to meet this ambitious target which even proponents of green energy believe is mind bogglingly difficult.

Nitin Gadkari wants to slash GST on hybrid vehicles and has vowed to rid India entirely of the over 36 crore petrol and diesel vehicles.

#India #Automobile #Policy #Economy

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๐Ÿš—๐Ÿš˜Tata Technologies and the BMW Group are entering into a joint venture to execute the engineering and software needs of the marque luxury car maker.

#Automobile #Research #Manufacturing
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๐Ÿšจ India to witness extreme heat from April to June. Worst impact of heat waves in April predicted for Gujarat, Maharashtra, north Karnataka, Odisha, west Madhya Pradesh, Andhra. (IMD)

#climate #India
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Indiaโ€™s imports from China declined 3% in calendar year 2023 over 2022.

Exports to both China and the EU rose 7.1% and 2.1%, respectively during the period.

#Economy #Policy
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The government has broadly met the tax collection target of over Rs 34.37 trillion for 2023-24 on the back of robust economic activity and improved compliance.

The government had raised the target for direct tax collection in FY24 to Rs 19.45 trillion, while for indirect taxes (GST+ Customs + Excise) the target was lowered to Rs 14.84 trillion in the revised estimates presented in Parliament on February 1, 2024.

#Economy

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