The Union Cabinet is expected to approve the new Income Tax Bill on Friday, February 7, which could result in its introduction in the Lok Sabha early next week, government sources told Business Today. The purpose of the new Income Tax Bill is to simplify and streamline the tax process by replacing the current Income … Read more
8th Pay Commission announced: The Central government has officially approved the establishment of the 8th Pay Commission. Minister Ashwini Vaishnaw announced this decision made by the Union Cabinet, stating that the recommendations of the pay commission are expected to be presented by the year 2026. The introduction of the 8th Pay Commission is anticipated to … Read more
DA revision in 2025: The upcoming dearness allowance (DA) revision for central government employees is scheduled for January 2025. The government plans to wait for the final All-India Consumer Price Index (AICPIN) numbers in December before making the official announcement, which may delay the revision process, as per news report. The Dearness Allowance (DA) is … Read more
PM-Vidyalakshmi Scheme: Union Finance Minister Nirmala Sitharaman informed Lok Sabha that the recently introduced Prime Minister Vidyalakshmi scheme is scheduled to be implemented by February 2025. The PM-Vidyalaxmi scheme was approved by the Union Cabinet in November in a bid to provide financial assistance to talented students pursuing higher education in public and private institutions. … Read more
The PM-Vidyalaxmi scheme has been approved by the Union Cabinet to provide financial assistance to talented students pursuing higher education in public and private institutions. The initiative, announced on Wednesday, aims to offer education loans without the need for collateral or guarantors to students admitted to the top 860 Quality Higher Education Institutions (QHEIs) in … Read more
The Union Cabinet’s decision on Thursday to grant classical language status to Marathi, a demand pending since 2013, has set off a political credit war in the State ahead of the Assembly election due this year. After Prime Minister Narendra Modi took to X to state that “Marathi is India’s pride” and “this honour acknowledges … Read more
The Union Cabinet’s recent decision to extend health coverage under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) to all senior citizens aged 70 and above is set to benefit 60 million senior citizens. However, the private sector hospitals and industry bodies have raised concerns about the programme’s long-term sustainability and its potential … Read more
Senior citizens are set to receive a new health insurance coverage under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY). The Union Cabinet announced on Wednesday the expansion of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) to include individuals aged 70 years and above, regardless of their income level, in … Read more
Though Prime Minister Narendra Modi’s new Council of Ministers reflects continuity from the previous government, a few ministers’ portfolios have been changed. Jyotiraditya Scindia is a key figure among the Union Ministers whose portfolio has been reallocated. Scindia, the former Civil Aviation Minister, has been given the charge of the Ministry of Communications and the … Read more
The Department of Personnel and Training (DoPT) has recently notified the revised allowances available to central government employees. In March 2024, the dearness allowance (DA) for central government employees has recently been increased by 4 per cent to 50 per cent. Besides this, the Union Cabinet also cleared additional dearness relief (DR) of 4 per … Read more