Economy National

Income Tax Department Warns of ₹10 Lakh Penalty for Undisclosed Foreign Asset

By BPN News Desk November 18, 2024

The Income Tax (I-T) Department has launched a compliance and awareness campaign urging taxpayers to disclose any foreign assets or income earned from abroad in their Income Tax Return (ITR) for the assessment year 2024-25. Failure to comply could result in a hefty penalty of ₹10 lakh under the Black Money (Undisclosed Foreign Income and […]

Economy National

Nirmala Sitharaman Acknowledges Middle-Class Relief Plea

By BPN News Desk November 17, 2024

Finance Minister Nirmala Sitharaman has responded to a social media plea urging the government to provide relief to the middle class. The request was made by X user Tushar Sharma, who expressed his concerns about the economic challenges faced by the middle-income group. Citizen’s Appeal for Middle-Class Relief Sharma, in his heartfelt message, acknowledged the […]

Defence National

HAL to Deliver Six Tejas Mk1 Trainer Jets by March 2025

By BPN News Desk November 16, 2024

Hindustan Aeronautics Limited (HAL) is set to deliver six Tejas Mk1 trainer aircraft to the Indian Air Force (IAF) by March 2025, marking a significant step in bolstering the IAF’s training capabilities and operational readiness. These advanced trainer jets are part of the IAF’s effort to modernize its fleet and provide state-of-the-art training for its […]

Defence National

HAL Prachand Proves Operational Prowess, IAF to Induct 66 More Units

By BPN News Desk November 16, 2024

The Hindustan Aeronautics Limited (HAL) Prachand combat helicopter has proven its effectiveness in various operational scenarios, according to Indian Air Force (IAF) Chief Air Chief Marshal VR Chaudhari. The IAF has confirmed plans to induct an additional 66 units of the indigenously developed Light Combat Helicopter (LCH) into its fleet. Addressing media at a recent […]

Economy National

India’s Middle Class Faces Crunch as Inflation Hits Spending

By BPN News Desk November 15, 2024

India’s middle class is feeling the pinch as persistent inflation forces urban households to curtail spending on daily essentials and discretionary items. This trend, impacting everything from fast food to consumer goods, is raising concerns about the country’s economic growth, which has heavily relied on urban consumption post-pandemic. Middle-Class Shrinkage:

Economy National

Centre Announces Rs 70,000 Crore Capex Boost for States

By BPN News Desk November 15, 2024

The Union government plans to release Rs 50,000 to Rs 70,000 crore to states in the third quarter of FY25 under its ‘special assistance for capital investment’ scheme. This initiative aims to rejuvenate state capital expenditure, particularly on infrastructure projects, following slowdowns in the first half of the financial year due to general elections.

National

Isro Confirms Proba-3 Spacecraft Ready for PSLV Launch

By BPN News Desk November 15, 2024

The Indian Space Research Organisation (Isro) has confirmed the readiness of the European Space Agency’s (ESA) Proba-3 spacecraft for integration with India’s PSLV-XL rocket. The two-satellite mission, designed to create an artificial solar eclipse for advanced solar observations, is slated for launch on December 4, 2024, from the Satish Dhawan Space Centre,

Defence National

DRDO Successfully Completes Guided Pinaka Weapon System Trials

By BPN News Desk November 15, 2024

The Defence Research and Development Organisation (DRDO) has successfully concluded the flight tests of the Guided Pinaka Weapon System. These tests were conducted across three phases at various field firing ranges to validate Provisional Staff Qualitative Requirements (PSQR). The trials assessed key parameters such as range, accuracy, consistency, and rate of fire in

National

PM Modi to Attend G20 Summit in Brazil, Visit Nigeria and Guyana

By BPN News Desk November 13, 2024

Prime Minister Narendra Modi will embark on a significant three-nation tour from November 16, with stops in Nigeria, Brazil, and Guyana. His tour includes attending the G20 Summit in Brazil and bolstering diplomatic and strategic ties with Nigeria and Guyana. Strengthening India-Nigeria Relations PM Modi’s first stop will be Nigeria on November 16-17, marking the […]

Law & Order National

Supreme Court Issues Guidelines to Curb ‘Bulldozer Justice’

By BPN News Desk November 13, 2024

In a significant judgment addressing the issue of ‘bulldozer justice,’ the Supreme Court has ruled that executive actions should not replace judicial processes and emphasized that legal proceedings must not assume an accused’s guilt prematurely. The bench of Justice BR Gavai and Justice KV Viswanathan laid down guidelines on demolitions, cautioning