Economy National

RBI Infuses Record ₹2.5 Trillion into Banking System

By BPN News Desk February 12, 2025

In a significant move to address liquidity constraints, the Reserve Bank of India (RBI) has injected a record ₹2.5 trillion into the banking system through an overnight variable rate repo auction. This substantial infusion follows the central bank’s aggressive interventions in the foreign exchange market aimed at stabilizing the Indian rupee. RBI’s Record

Law & Order

Supreme Court: Husband Liable for Wife’s Stock Market Debts

By BPN News Desk February 12, 2025

In a significant legal development, the Supreme Court has ruled that a husband can be held liable for the stock market debts incurred by his wife if an oral contract exists between them. This decision underscores the enforceability of oral agreements within matrimonial relationships concerning financial transactions. Case Background The case involved a dispute where […]

Law & Order

Supreme Court Rules Against Central Service Tax on Lottery Sales

By BPN News Desk February 12, 2025

In a landmark decision, the Supreme Court has declared that the central government lacks the authority to levy service tax on the sale of lottery tickets, affirming that this domain falls exclusively under state jurisdiction. Lottery Sales Classified Under State Jurisdiction The Supreme Court’s ruling emphasizes that all activities related to lotteries—from ticket

National

India Blocks 805 Apps and 3,266 Websites for National Security

By BPN News Desk February 12, 2025

In a decisive move to strengthen national security, the Indian government has blocked 805 mobile applications and 3,266 websites, citing potential threats to the country’s cybersecurity and digital infrastructure. The announcement was made by Home Minister Amit Shah, underscoring the government’s commitment to safeguarding India’s cyberspace. Government’s Cybersecurity

Economy National

India’s Net Direct Tax Collection Rises 15% to ₹17.78 Lakh Crore in FY25

By BPN News Desk February 12, 2025

India’s net direct tax collection has seen a significant increase of 15%, reaching ₹17.78 lakh crore in the current fiscal year 2024-25 (FY25), according to data released by the Central Board of Direct Taxes (CBDT). Breakdown of Tax Collections The CBDT’s data indicates that net non-corporate taxes, primarily comprising personal income tax, have grown by […]

Law & Order

CBI Charges Former Coast Guard Chief with Forgery, Cheating

By BPN News Desk February 11, 2025

The Central Bureau of Investigation (CBI) has registered a case against former Director General of the Indian Coast Guard, K. Natarajan, on allegations of forgery and cheating. The charges relate to alleged tampering of official records concerning senior officers during his tenure. Allegations of Document Tampering The investigation focuses on claims that confidential

Defence National

Rafale Competes with Su-57 for Indian Air Force Deal

By BPN News Desk February 11, 2025

The Indian Air Force (IAF) is evaluating advanced fighter jets to strengthen its aerial combat capabilities, with the French Rafale and Russian Su-57 emerging as leading contenders. This acquisition is a crucial step in modernizing India’s air fleet as the IAF seeks to enhance its operational readiness. IAF’s Fighter Jet Procurement Program The IAF’s search […]

Economy National

Sensex Plummets Over 1,000 Points; Investors Lose ₹10 Lakh Crore

By BPN News Desk February 11, 2025

Indian equity markets faced a significant downturn today, with the BSE Sensex plunging over 1,000 points, leading to a substantial erosion of investor wealth amounting to approximately ₹10 lakh crore. The decline was broad-based, affecting major sectors and leading to widespread concern among market participants. Key Factors Behind the Market Decline Several factors

Defence National

IAF Chief Raises Concerns Over HAL’s Tejas Mk1A Delays

By BPN News Desk February 11, 2025

The Chief of the Indian Air Force (IAF), Air Chief Marshal Amar Preet Singh, has expressed strong concerns over Hindustan Aeronautics Limited’s (HAL) delays in the production and delivery of the Tejas Mk1A fighter jets. He emphasized the need for greater efficiency and coordination to ensure timely completion of the project. IAF Chief’s Concerns Over […]

Defence National

HAL and GE to Deliver LCA Tejas Jets in FY26 as Production Stabilizes

By BPN News Desk February 11, 2025

Hindustan Aeronautics Limited (HAL) and General Electric (GE) have confirmed that the production of the Light Combat Aircraft (LCA) Tejas has stabilized, paving the way for deliveries to begin in the fiscal year 2025-2026. This marks a crucial step in India’s indigenous fighter jet program, aimed at enhancing the operational strength of the Indian Air […]