In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that under the new tax regime, no income tax will be payable on income up to ₹12 lakh (₹12.75 lakh including standard deductions). This move, accompanied by enthusiastic support from BJP MPs, aims to increase disposable income, boost household savings, and encourage investment.The revised tax slabs under the new regime are:Up to ₹4 lakh – No tax₹4 to ₹8 lakh – 5%₹8 to ₹12 lakh – 10%₹12 to ₹16 lakh – 15%₹16 to ₹20 lakh – 20%₹20 to ₹24 lakh – 25%Above ₹24 lakh – 30%Additionally, TDS
US President Donald Trump has imposed new tariffs on Canada, Mexico, and China, citing a "national emergency" due to illegal immigration and drug trafficking. Announced through three executive orders, the tariffs include a 25% duty on Canadian and Mexican imports and 10% on Chinese goods, starting Tuesday. Additionally, Canadian energy resources will be taxed at a reduced 10% rate "until the crisis is alleviated."Trump invoked the International Emergency Economic Powers Act to justify the tariffs, claiming that the Biden administration’s border policies led to the worst immigration crisis in US history. He also accused China of failing to curb fentanyl
The England and Wales Cricket Board (ECB) will officially begin selling teams for The Hundred on Thursday, January 30, with Oval Invincibles, the Surrey county-managed London side, being the first to go up for auction. The sale has generated considerable anticipation, as both the ECB and financial firm Raine Group, overseeing the sale, gear up for a disinvestment drive that is expected to attract major investors.Although there were expectations that several Indian Premier League (IPL) team owners would show interest, only four IPL franchises are still in the race, including Mumbai Indians, Lucknow SuperGiants, and SunRisers Hyderabad, with Kolkata Knight
The Indian government, through a High-Level Committee (HLC) led by Union Home Minister Amit Shah, has approved Rs 3,027.86 crore for various disaster mitigation projects across the country. The approved projects aim to reduce risks related to drought, lightning, and forest fires in several states, with the central government contributing significant financial support from the National Disaster Mitigation Fund (NDMF).A large portion of the funding, Rs 2,022.16 crore, is allocated for catalytic assistance to the 12 most drought-prone states, including Andhra Pradesh, Bihar, Gujarat, and Uttar Pradesh, with the central share of Rs 1,200 crore. Additionally, a mitigation project focusing
On January 29, 2025, a midair collision occurred between a PSA Airlines regional passenger jet and a US Army Black Hawk helicopter near Reagan Washington Airport in Washington, D.C. The jet, operating as American Eagle flight 5342, was traveling from Wichita, Kansas, to Reagan National Airport, carrying 60 passengers and four crew members. The Black Hawk helicopter, a Sikorsky H-60 model, had three soldiers on board at the time of the collision.The crash happened around 8:53 pm local time, with the passenger jet plummeting into the Potomac River, which borders the airport. Authorities, including DC Fire and Emergency Medical Services
DeepSeek, a Chinese AI startup, has taken the tech world by storm with its groundbreaking AI model, R1. Within a year of its founding in 2023 by Liang Wenfeng, DeepSeek has emerged as a formidable rival to AI giants like OpenAI, Google, and Meta. The app’s sudden rise to the top of Apple’s App Store downloads in the US, UK, and China underscores its disruptive potential. This achievement is even more remarkable given the US’s ongoing restrictions on advanced semiconductor exports to China, which were intended to stymie such advancements. Here are some vital points about DeepSeek and why it’s making
England stormed back into the five-match T20I series with a commanding 26-run victory over India in the third match at the Niranjan Shah Stadium, Rajkot. India's batting lineup faltered while chasing a target of 172, allowing England to secure a crucial win and keep their hopes alive in the series.India’s innings lacked momentum after Adil Rashid, Jamie Overton, and Brydon Carse choked the middle overs with their disciplined bowling. Rashid dismissed the in-form Tilak Varma, who was deceived by the beauty of a delivery, marking his first failure in five T20Is. Following Tilak’s departure, the Indian innings stagnated, with Hardik
The Indian Space Research Organisation (ISRO) achieved a historic milestone on Wednesday with the successful launch of the NVS-02 satellite, part of the Navigation with Indian Constellation (NavIC) series. This marked ISRO's 100th satellite launch from the Satish Dhawan Space Centre (SDSC) in Sriharikota, Andhra Pradesh.The GSLV-F15 rocket lifted off from the second launch pad at 6:23 am, carrying the 2,000 kg NVS-02 satellite into a Geosynchronous Transfer Orbit within 19 minutes of liftoff. This was the 17th flight of the Geosynchronous Satellite Launch Vehicle and its 11th mission using an indigenous Cryogenic Upper Stage. Declaring the mission a success,
In a major crackdown, the National Investigation Agency (NIA) conducted surprise searches at 20 locations across Tamil Nadu on Tuesday, leading to the seizure of several digital materials and the arrest of a man accused of radicalizing youth to join the ISIS terrorist organization. The arrested individual, identified as 32-year-old Al-Fasid, worked as an ambulance driver in Chennai but is a native of Thirumullaivasal village in Mayiladuthurai district.The NIA carried out raids at five locations in Chennai, while the remaining searches took place in areas including Sirkazhi, Thirumullaivasal, and other places in Mayiladuthurai district. An official press release stated that
