THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 25, 2025 The much-anticipated Income Tax Bill, 2025, aimed at replacing the six-decade-old Income Tax Act, 1961, will be taken up for discussion in the Monsoon session of Parliament, Finance Minister Nirmala Sitharaman announced in the Lok Sabha on Tuesday. The proposed Bill seeks to simplify direct tax laws, eliminate ambiguities, and reduce tax disputes ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 20, 2025 In a landmark initiative to strengthen mental health care for the nation’s defense personnel, the Armed Forces Medical Services (AFMS) and the National Institute of Mental Health and Neurosciences (NIMHANS), Bengaluru, have signed a Memorandum of Understanding (MoU) to collaborate on research and training in the field of mental health. The agreement was ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 19, 2025 The President of India, Droupadi Murmu, on Wednesday underscored the transformative impact of artificial intelligence (AI) on the world, including journalism, while asserting that empathy will remain the defining factor that sets human journalists apart. She was speaking at the 19th Ramnath Goenka Excellence in Journalism Awards ceremony held in New Delhi. Highlighting ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 12, 2025 India’s retail inflation, measured by the Consumer Price Index (CPI), eased to a seven-month low of 3.61% in February, marking a significant decline of 0.65 percentage points from January’s inflation rate. This is the lowest level recorded since July 2024, primarily driven by falling food prices. According to official data, food inflation in ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 4, 2025 Obesity is a complex and multifactorial challenge that demands a comprehensive, collective effort for effective prevention and management, said Union Minister Dr. Jitendra Singh, at the ‘National Obesity Summit’ organized by the Confederation of Indian Industry (CII) on the occasion of  on Tuesday. Dr. Singh, who is also a Professor of Medicine and ...

THEBUSINESSBYTES BUREAU NEW DELHI, FEBRUARY 28, 2025 India’s economic growth gained momentum in the third quarter of 2024-25, with GDP expanding at 6.2 per cent, up from a revised 5.6 per cent in the previous quarter. The acceleration was driven by a surge in rural consumption, supported by a favorable monsoon, and a sharp rise in government spending on infrastructure ...

THEBUSINESSBYTES BUREAU NEW DELHI, FEBRUARY 28, 2025 In a significant boost to coal logistics, the Ministry of Coal has successfully expanded the Rail-Sea-Rail (RSR) mode of transportation, nearly doubling its coal movement from 28 million tonnes (MT) in FY22 to 54 MT in FY24. This achievement underscores the government’s commitment to enhancing multi-modal transport solutions for improved logistical efficiency and ...

THEBUSINESSBYTES BUREAU NEW DELHI, FEBRUARY 1, 2025 Goods and Services Tax (GST) collections for January soared 12.3% year-on-year to ₹1.96 lakh crore, driven by higher economic activity, according to official data released on Saturday. The revenue breakdown includes ₹1.47 lakh crore from domestic transactions and ₹48,382 crore from imports. This marks a significant uptick from December’s collections of ₹1.77 lakh ...

THEBUSINESSBYTES BUREAU NEW DELHI, FEBRUARY 1, 2025 The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman under the Modi 3.0 government on Saturday, charts a path for accelerated economic growth while maintaining fiscal discipline. With a strong focus on inclusive development, the budget seeks to boost private sector investments, enhance the spending power of India’s growing middle class, and ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 29, 2025 The successful launch of the GSLV-F15/NVS-02 Mission from Sriharikota on Wednesday marks a historic milestone for the Indian Space Research Organisation (ISRO), as it completes its 100th mission. Union Minister of State for Space Dr. Jitendra Singh hailed the achievement as a “quantum leap” in India’s space journey, reflecting the nation’s accelerated progress ...