State News West India

Maharashtra Faces Onion Crisis; Ajit Pawar Calls for Export Duty Removal

By BPN News Desk December 21, 2024

Maharashtra Deputy Chief Minister Ajit Pawar has urged the central government to reconsider its decision to impose a 20% export duty on onions. Highlighting the severe impact on farmers and traders, Pawar emphasized the urgent need to address the economic challenges faced by the state’s agricultural sector. Call for Immediate Action Ajit Pawar stated that […]

Automobile

Hyundai to Equip Domestic Models with Made-in-India AGM Batteries

By BPN News Desk December 21, 2024

Hyundai Motor India has unveiled its plan to integrate made-in-India Absorbent Glass Mat (AGM) batteries into its domestic car models. This initiative underscores Hyundai’s commitment to promoting local manufacturing while enhancing the performance and sustainability of its vehicles in the Indian market. Supporting Local Manufacturing The AGM batteries, which will be

State News West India

Maharashtra Legislature Approves Comprehensive Prison Reforms Bill

By BPN News Desk December 21, 2024

In a historic move aimed at modernizing the state’s correctional facilities and enhancing inmate welfare, the Maharashtra Legislative Assembly has passed the Prison Reforms Bill. This legislation marks a significant step toward transforming the state’s penal system by focusing on rehabilitation and humane treatment of prisoners. Key Highlights of the Prison Reforms The

Finance

Supreme Court Removes 30% Cap on Credit Card Late Payment Interest

By BPN News Desk December 21, 2024

In a landmark decision, the Supreme Court of India has removed the 30% per annum interest cap previously imposed on late credit card bill payments. The ruling provides financial institutions greater autonomy in determining interest rates on overdue payments, sparking widespread discussion in the financial and consumer sectors. Interest Rate Regulation Left to Banks The

National

Prime Minister Modi Discusses Strengthening India-Kuwait Relations

By BPN News Desk December 21, 2024

Prime Minister Narendra Modi emphasized the importance of strengthening bilateral ties between India and Kuwait during a key meeting, highlighting shared economic and cultural priorities. The discussions aimed to further consolidate relations with the Gulf nation, which is a crucial partner for India in trade, energy, and the welfare of the Indian diaspora. Focus on […]

National

Jodhpur ITAT Ruling Highlights Bitcoin Taxation Guidelines

By BPN News Desk December 21, 2024

In a landmark ruling, the Jodhpur Income Tax Appellate Tribunal (ITAT) clarified tax liability on cryptocurrency gains, holding an Infosys employee accountable for ₹33 lakh in income tax on a ₹6.64 crore gain from Bitcoin transactions. The decision sheds light on the evolving taxation landscape for digital assets in India. Tax Liability Computation The case […]

North India State News

Omar Abdullah Discusses J&K Statehood Issues with Amit Shah

By BPN News Desk December 21, 2024

In a significant development concerning Jammu and Kashmir, National Conference (NC) leader Omar Abdullah met with Union Home Minister Amit Shah in New Delhi to discuss hurdles in restoring the Union Territory’s statehood. The meeting is part of ongoing efforts to address governance challenges and concerns of the people in the region. Key Points of […]

Defence National

Government Implements Third OROP Revision, Clears ₹6,600 Crore Arrears

By BPN News Desk December 21, 2024

The Central Government has implemented the third revision of the One Rank, One Pension (OROP) scheme, bringing financial relief to over 25 lakh defense veterans and family pensioners. This development underscores the government’s commitment to supporting retired armed forces personnel and their families. Key Highlights of the OROP Revision Beneficiaries: Approximately 25

Defence National

Indian Army Secures Advanced Artillery in ₹7,629 Crore Deal

By BPN News Desk December 21, 2024

In a significant boost to its long-range offensive capabilities, the Ministry of Defence (MoD) has signed a ₹7,629 crore contract for advanced self-propelled artillery guns. The deal underscores India’s ongoing efforts to modernize its armed forces and strengthen its defense infrastructure amidst evolving security challenges. Contract Details and Capabilities The contract,

Economy National

India’s Forex Reserves Drop by $1.98 Billion

By BPN News Desk December 20, 2024

India’s foreign exchange reserves saw a decline of $1.98 billion, bringing the total to $652.87 billion as of December 13, according to the Reserve Bank of India (RBI). The latest data highlights a decrease after recent gains in the reserves, underscoring the global economic pressures affecting India’s forex holdings. Components of Forex Reserves The reserves […]