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Latest News

FM Sitharaman announces revision in tax rate structure

In her budget speech, Finance Minister Nirmala Sitharaman announced updates to the new tax regime. The tax slabs are now: ₹0-₹3 lakh: Nil, ₹3-₹7 lakh: 5%, ₹7-₹10 lakh: 10%, ₹10-₹12 lakh: 15%, ₹12-₹15 lakh: 20%, Above ₹15 lakh: 30% According to the FM, salaried employees could save ₹17,500 under the new tax regime.

Sports

Ravichandran Ashwin buys stakes in Global Chess League franchise

Indian off-spinner Ravichandran Ashwin has become a co-owner of a chess franchise. He has bought stakes in American Gambits, a team that will feature in the second edition of the Global Chess League. The tournament is a joint venture between Tech Mahindra and the International Chess Federation. Notably, American Gambits are now among the six teams in the competition.

Politics

Kamala joins presidential race

Hours after United States President Joe Biden announced his decision to step down from the 2024 race, Vice President Kamala Harris expressed her gratitude on X, saying she was "honored to have...President's endorsement...my intention is to earn...win this nomination." As the first woman, the first Black person, and the first person of South Asian descent to serve as VP, Harris is poised to break even more historical barriers.

Technology

6G vision: India to secure 127 key patents, lead globally

Telecom Minister Jyotiraditya Scindia has revealed that India is working toward securing 127 key patents for 6G technology, aiming to lead the world in the 6G domain. Scindia announced this information at the India Mobile Congress event in New Delhi on Thursday while discussing the sector roadmap. He also stated that India's state-run telecom company, Bharat Sanchar Nigam Limited (BSNL), has been instructed to meet daily targets for its 4G rollout.

Entertainment

Tishaa Kumar cremated; Jaaved Jaaferi, Farah Khan pay respects

Tishaa Kumar, the 20-year-old daughter of T-Series co-owner Krishan Kumar and former actor Tanya Singh, passed away on July 18, following a prolonged battle with cancer. Born on September 6, 2003, she was the cousin of Bhushan Kumar and granddaughter of famed composer Ajit Singh. Despite her low profile, Tishaa was often seen at T-Series film screenings. Her funeral was reportedly conducted at Ville Parle crematorium on Monday afternoon in Mumbai and several celebrities arrived to pay their tribute.

Business

FM Sitharaman announces revision in tax rate structure

In her budget speech, Finance Minister Nirmala Sitharaman announced updates to the new tax regime. The tax slabs are now: ₹0-₹3 lakh: Nil, ₹3-₹7 lakh: 5%, ₹7-₹10 lakh: 10%, ₹10-₹12 lakh: 15%, ₹12-₹15 lakh: 20%, Above ₹15 lakh: 30% According to the FM, salaried employees could save ₹17,500 under the new tax regime.

Miscellaneous

How many jobs India must generate in a year?

India's economy needs to create approximately 78.5 lakh jobs each year in the non-farm sector until 2030, according to the Economic Survey 2024, presented in the Parliament today. The survey emphasized that economic growth is more about generating livelihoods than just jobs. It also noted that not everyone of working age will seek employment as some may choose self-employment or become employers themselves.