Economy National

Govt Plans GST Revamp Following Tax Reforms

By BPN News Desk February 4, 2025

After announcing major income tax reforms in the Union Budget 2025, the government is now considering a revamp of the Goods and Services Tax (GST) structure to simplify compliance and enhance efficiency for businesses and consumers. Proposed Changes to GST Structure Currently, GST operates with four key slabs—5%, 12%, 18%, and 28%, with additional cess […]

Economy National

Income Tax and TDS Relief to Strengthen Savings

By BPN News Desk February 4, 2025

The latest Union Budget has introduced income tax and Tax Deducted at Source (TDS) relief measures, aimed at boosting disposable income and encouraging higher savings. These changes are expected to benefit taxpayers while strengthening the banking sector by increasing deposits. Bank Deposits Expected to Rise by ₹45,000 Crore The new tax relief measures could lead […]

Defence National

Tribunal Overturns Policy Excluding Premature Retirees from OROP

By BPN News Desk February 4, 2025

The Armed Forces Tribunal (AFT) has ruled against the 2015 policy that excluded premature retirees (PMR) from One Rank One Pension (OROP) benefits. The decision mandates that all eligible retirees, regardless of their retirement circumstances, must receive equal pension entitlements. OROP and the Exclusion of Premature Retirees One Rank One Pension (OROP) ensures that

National

Govt Developing Uniform Toll Policy for Highway Commuters

By BPN News Desk February 4, 2025

The government is formulating a uniform toll policy to provide relief to commuters on national highways. This initiative aims to standardize toll collection methods, ensuring a more seamless and efficient travel experience for all highway users. Objective: Standardized Toll Collection and Reduced Delays The primary goal of this policy is to eliminate inconsistencies in

Economy National

Indian Rupee Strengthens as US Pauses Tariffs on Canada and Mexico

By BPN News Desk February 4, 2025

The Indian rupee opened stronger against the US dollar after the United States decided to pause tariffs on imports from Canada and Mexico. This move has brought temporary relief to global markets, leading to renewed investor confidence in emerging economies like India. US Tariff Decision and Its Impact The US administration had earlier announced new […]

International

China Retaliates with Tariffs and Google Probe Against US

By BPN News Desk February 4, 2025

China has announced retaliatory tariffs on US imports, escalating trade tensions between the two nations. The move comes after the US imposed new tariffs on Chinese goods, citing economic imbalances and intellectual property concerns. Starting February 10, China will impose a 15% tariff on US coal and liquefied natural gas and a 10% tariff on […]

North India State News

Akhilesh Yadav Slams Government Over Maha Kumbh Tragedy

By BPN News Desk February 4, 2025

Samajwadi Party leader Akhilesh Yadav has criticized the Uttar Pradesh government over its handling of the Maha Kumbh Mela, alleging administrative failures and an attempt to conceal the actual death toll from the tragic stampede. Allegations of Hiding Death Toll Yadav accused the state administration of suppressing the number of fatalities to avoid accountability and […]

International

US Pauses Tariffs on Canada and Mexico, Maintains Stance on China

By BPN News Desk February 4, 2025

In a recent development, the United States has decided to pause the implementation of tariffs on imports from Canada and Mexico. This decision comes after a series of last-minute negotiations aimed at averting a potential trade conflict among the North American neighbors. The move is expected to ease tensions and foster a more collaborative trade […]

State News West India

Fadnavis Rejects Rahul Gandhi’s Allegations

By BPN News Desk February 4, 2025

Maharashtra Deputy Chief Minister Devendra Fadnavis has strongly dismissed Rahul Gandhi’s claims regarding voter roll irregularities in the state’s elections. He accused Gandhi of misleading the public and discrediting Maharashtra’s democratic process by questioning the legitimacy of the electoral roll expansion. Rahul Gandhi’s Claims on Voter Surge Rahul Gandhi raised

State News

Owaisi Challenges Proposed Waqf Bill

By BPN News Desk February 4, 2025

AIMIM leader Asaduddin Owaisi has strongly opposed the proposed Waqf Bill, arguing that it lacks support from the Muslim community and poses a direct threat to the autonomy of Waqf properties. His criticism highlights growing concerns over government intervention in religious endowments. Concerns Over Waqf Property Management Owaisi believes that the bill, if passed, could