19 Feb, 2025
Introduction President Donald Trump has announced a 25% tariff on automobiles, pharmaceuticals, and semiconductors, effective April 2, 2025. This move aims to address unfair trade practices and protect U.S. manufacturing. However, it could have far-reaching consequences for global supply chains and consumer prices. Why Are These Tariffs Being Imposed? According to Trump’s administration, these tariffs […]
Read More19 Feb, 2025
Introduction Billionaire entrepreneur Elon Musk has sparked discussions with his recent proposal of a ‘DOGE Dividend’ tax refund—a bold initiative aimed at distributing tax refunds to American taxpayers. The proposal suggests that funds saved by the Department of Government Efficiency (DOGE) could be redistributed as a direct tax refund of up to $5,000 per household. […]
Read More18 Feb, 2025
Introduction (Section 25 of the CGST Act, 2017) To address potential revenue leakage, the Indian government has introduced Aadhaar authentication requirements under the Goods and Services Tax (GST) laws. As per Sections 25(6B), 25(6C), and 25(6A) of the CGST Act, newly registered taxpayers and, in certain cases, existing taxpayers must undergo Aadhaar authentication. If authentication […]
Read More18 Feb, 2025
Introduction On February 18, 2025, Elon Musk’s xAI officially introduced Grok 3, marking a significant leap in AI technology. Announced during a livestreamed event on February 17, 2025, at 8:00 PM Pacific Time (9:30 AM IST), Grok 3 brings unparalleled computational power and advanced reasoning models. With ten times the computing resources of its predecessor, […]
Read More18 Feb, 2025
Introduction In a significant move to enhance GST registration security and verification, the Goods and Services Tax Network (GSTN) has rolled out a biometric-based Aadhaar authentication and document verification system in Jharkhand and Andaman and Nicobar Islands. This new system, introduced on February 15, 2025, follows amendments to Rule 8 of the CGST Rules, 2017, […]
Read More18 Feb, 2025
Introduction The New Income Tax Bill 2025 has been introduced to modernize and simplify India’s tax framework. This landmark reform is expected to replace outdated provisions, streamline compliance, and offer relief to individual taxpayers and businesses. Key Changes Proposed in the New Income Tax Bill 1. Revamped Tax Slabs for Simplicity 2. Elimination of Complex […]
Read More18 Feb, 2025
Introduction Alibaba’s stock ($BABA) experienced a sharp 5% surge, crossing $130 in overnight trading, following a high-profile public handshake between Alibaba founder Jack Ma and Chinese President Xi Jinping. This symbolic moment is widely interpreted as a positive shift in relations between Alibaba and the Chinese government, sparking renewed investor confidence. The market’s reaction signals […]
Read More18 Feb, 2025
Introduction Tesla Inc. is actively recruiting for 13 job positions in India, primarily in Mumbai and Delhi, reinforcing speculation about its long-anticipated entry into the Indian market. This development follows a high-profile meeting between Tesla CEO Elon Musk and Indian Prime Minister Narendra Modi, suggesting that Tesla is preparing to introduce its new affordable electric […]
Read More15 Feb, 2025
Introduction The Andhra Pradesh High Court has ruled that GST registration cannot be denied merely because the applicant is from another state. The Division Bench of Justices R Raghunandan Rao and Harinath N. emphasized that such a restriction is not supported by the CGST Act or APGST Act and that every Indian citizen has the […]
Read More15 Feb, 2025
Introduction The New Income Tax Bill 2025 has been introduced in the Lok Sabha by Finance Minister Nirmala Sitharaman, aiming to replace the Income Tax Act of 1961 with a more simplified and transparent tax structure. The bill was passed for review via a voice vote and is now under examination by a 31-member Select […]
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