August 2024

Uttarakhand Road Tax

Uttarakhand Road Tax

Uttarakhand Road Tax is a crucial source of revenue for the state, supporting the maintenance and development of road infrastructure. It is a fee imposed on vehicle owners for using public roads. This tax is pivotal in ensuring safe and well-maintained roads, benefiting commuters and the economy. In September 2023, the number of registered motor […]

Surge in Tax Filings: New Tax Regime Takes the Lead for AY 2024-25

Related Resources Old vs New Tax Regime Belated Return Due date for filing Tax Return AY 2024-25 The deadline for Income-Tax Returns (ITRs) has come and gone, and the numbers are in—2024 has set a new record for tax filings. By July 31, 2024, a remarkable 7.28 crore ITRs had been filed, marking a 7.5%

Supreme Court highlighted need for continuous Legislative Assessment

Supreme Court highlighted need for continuous Legislative Assessment

A 2-Judge bench of the Supreme Court suggested a comprehensive statutory audit of the Maharashtra Slum Areas Act and emphasized that reviewing and assessing the implementation of a statute is an integral part of Rule of Law. Directive came in response to several systemic issues in implementation of the Act including problematic processes of land identification as

Women Entrepreneurship Program launched

Women Entrepreneurship Program launched

The National Skill Development Corporation (NSDC) is pleased to introduce the Women Entrepreneurship Programme, a significant step toward empowering women entrepreneurs and promoting economic growth. This initiative strives to address the challenges that women experience in entrepreneurship by providing valuable skills, knowledge, and networking opportunities. On July 31, 2024, Shri Atul Kumar Tiwari, the Secretary of the

Nirbhaya Fund

Nirbhaya Fund

Government allocated ₹7,212 crore to Nirbhaya Fund for FY 2023-24 Nirbhaya Fund It was created for the implementation of initiatives aimed at enhancing the safety and security for women in the country. It is a non-lapsable corpus fund administered by the Ministry of Finance. Ministry of Women and Child Development (MWCD) is the nodal Ministry

Privilege Motion

Privilege Motion

The Members of Parliament are granted certain privileges individually and collectively so as to perform their duties properly. But if any of the members disregard or misuses any of these privileges or rights, it is considered as a breach of the privilege and is liable for punishment under the Parliamentary laws. This motion is applicable

Additional Factor Authentication (AFA)

Additional Factor Authentication (AFA)

The Reserve Bank of India, the central bank of the country, recently asked all the banks to use additional factor authentication (AFA) for the auto-debit transactions on both debit and credit cards of their customers. This is to protect the interest of the consumers from various fraudulent card-related transactions.  (October 1, 2021), banks will not

global economic prospects report

global economic prospects report

The recently released Global Economic Prospects Report by the World Bank, India is predicted to remain the fastest-growing major economy globally, with a projected GDP growth rate of 6.6% for FY25. About the Report Anticipates global trade growth in 2024 to be only half of the average in the decade preceding the pandemic. Projects a slowdown in global