Starting April 1 next year, income tax authorities will have the power to access several types of personal information including social media accounts, bank accounts and trading accounts, if found suspicious. Read on to learn about this big news in detail.
Month: March 2025
Haryana declares restricted holiday for Eid instead of gazetted
A restricted holiday allows government employees to take a day off at their discretion, unlike a gazetted holiday, which mandates a full-day closure of government offices and institutions.
Maharashtra government to withdraw 6% tax on EVs priced more than Rs 30 lakh
The CM Devendra Fadnavis said the move will unlikely generate enough revenue and also undermine the government’s EV push.
Raids at 2 Amazon, Flipkart warehouses in Delhi; goods worth Rs 76 lakh seized
A crackdown on e-commerce firms like Amazon and Flipkart has been intensified, with national standards body Bureau of Indian Standards (BIS) confiscating goods amounting to Rs 76 lakh in its search and seizure operations in parts of the national capital. Read on to learn about this news in detail.
Elon Musk is world’s richest person on Hurun Rich List with $420 billion net worth – it’s the ‘Trump Effect’ at work?
Elon Musk has claimed his title as the world’s richest person again, with his net worth reaching $420 billion due to an 82% increase primarily from Tesla’s stock surge. However, his wealth decreased by $100 billion post-January 2025 due to competition and investor concerns.
Countering FPI outflows: RBI looks to double investment limit for foreign individuals, says report
The Reserve Bank of India aims to double investment limits for individual foreign investors in listed firms to 10%, with a view to enhance capital inflows. This move, confirmed by senior officials, seeks to extend privileges formerly exclusive to overseas Indians.
EPFO withdrawal through ATMs, integration with UPI for payment up to Rs 1 lakh soon
EPFO is set to integrate UPI payments to enable instant settlements for claims up to Rs 1 lakh. This upgrade aims to streamline the withdrawal process, reducing the settlement time from several days to minutes, enhancing accessibility and efficiency for subscribers.
Trump tariffs impact: Tata Motors shares plunge 6% as 25% tariff on auto imports to US announced
Tata Motors shares fell by 6.31% following President Trump’s announcement of a 25% tariff on imported cars. The United States, a significant market for Jaguar Land Rover, contributes 22% of its total sales. The impending tariffs could necessitate price adjustments and efficiency measures.
Stock market today: BSE Sensex ends over 300 points up; Nifty50 near 23,600
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, closed in green on Thursday. While BSE Sensex surged above 77,700 intraday, Nifty50 went above 23,600.