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Income tax changes in Budget 2024: On the personal income-tax front, the tax slab rates have been rationalised only under the new tax regime

Union Budget 2024: Beginning of remarkable direct tax reforms by Modi 3.0

Business Standard

Atletico Madrid coach Diego Simeone ran down the touchline in joy while Barcelona players sunk to the turf in dismay.
Super sub Alexander Srloth struck again deep in stoppage time to hand Atletico a 2-1 comeback win at Barcelona and ensure Atletico will spend La Liga's short winter break on top of the table.
Atletico's 12th straight win in all competitions lifted it three points above Barcelona.
Barcelona has only two wins in its last nine games and could find itself third on Sunday if Real Madrid beats Sevilla.
Simeone, coaching Atletico since 2011, celebrated winning at Barcelona for the first time.
We finally did it," Atletico goalkeeper Jan Oblak said. We are playing well, we started poorly but we knew our chances would come. And in the last minute Srloth came through. Thanks to him we finally won here. He is the striker we needed.
It was a much more impressive performance from Barcelona, which dominated for long periods and took a deserved lead in the 30th minute.
Pedri sta

FC Barcelona

The Uttar Pradesh health department has made special arrangements to provide an insect-free experience during the Maha Kumbh.
Officials on Sunday said an innovative system had been introduced that would deploy automatic mist blowers in the Maha Kumbh area.
These blowers are capable of eradicating mosquitoes and flies within 30 minutes of receiving a call. The system ensures a swift response and a hygienic environment for all attendees, they said.
Significant efforts are being made to maintain a clean and insect-free environment in the akharas and the expansive tent city, they added.
A total of 110 state-of-the-art mist blowers and 107 mini foggers are being deployed across the site.
These devices are expected to enhance the devotees' overall experience and ensure a healthy environment throughout the grand gathering, the officials said.
According to Dr VP Singh, nodal joint director (vector control) for the Maha Kumbh, insecticide spraying would be carried out across the entire ve

Maha Kumbh, Prayagraj

Tiger Woods and 15-year-old son Charlie ran off five straight birdies on the back nine for a 13-under 59 in the scramble format, giving them a share of the lead in the PNC Championship in Woods' first competition since back surgery in September.
Woods said he scheduled that surgery  the sixth on his lower back in the last 10 years  to be sure he recovered in time to play with his son for the fifth straight year.
This is the first time they have shared the lead after the opening round, joined by the last two champions  Bernhard Langer and son Jason, and Vijay Singh and son Qass.
Woods hit an array of good shots, including a wedge to inches on the short par-4 seventh, but otherwise downplayed his game by suggesting he still had a lot of rust. This was more about spending 36 holes on a brisk day at the Ritz-Carlton Club Orlando with his son, a sophomore at Benjamin School in North Palm Beach.
His daughter, Sam, caddied for her father for the second straight year. Their mother, Elin, w

Tiger Woods and his son Charlie

Israeli strikes across the Gaza Strip overnight and into Sunday killed at least 20 people, including five children, Palestinian medical officials said.
Israeli authorities meanwhile allowed Cardinal Pierbattista Pizzaballa, the leader of the Catholic Church in the Holy Land, to enter Gaza and celebrate a pre-Christmas Mass with members of the territory's small Christian community.
A strike on a school housing displaced people in Gaza City killed at least eight people, including three children, according to Gaza's Health Ministry. The Civil Defense, first responders affiliated with the Hamas-run government, had earlier said four children were among those killed.
The Israeli military said it carried out a precise strike on Hamas militants sheltering there.
A strike on a home in the central city of Deir al-Balah late Saturday killed at least eight people, including three women and two children, according to Al-Aqsa Martyrs Hospital, which received the bodies. A man and his wife were .

Gaza, Israel-Gaza war

Center back John Stones sustained a fresh injury setback in Manchester City's 2-1 loss to Aston Villa in the Premier League.
The England player was substituted at halftime after his first start in a month due to a foot issue. That injury flared up again, City manager Pep Guardiola said.
Guardiola has cited injuries as a factor in the four-time defending champion's alarming slump, which has seen it lose nine of its last 12 games in all competitions.
It was confirmed on Friday that Ruben Dias will be out for up to four weeks because of a muscle injury.
We have just one central defender fit, that is difficult, Guardiola said on Saturday.

Manchester City

GST Council addresses disaster levy, clarifies tax exemptions, and revises ITC norms, while deferring insurance premium GST cut and key rate rationalisation decisions

GST council meeting

After two weeks of buying, FPIs turned net sellers in Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.
Foreign Portfolio Investors (FPIs) began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions (December 16-20).
However, the trend reversed in the latter half of the week, with FPIs offloading equities worth over Rs 4,102 crore in the subsequent three sessions. This resulted in an overall net outflow of Rs 976 crore during the week, data from National Securities Depository Limited showed.
Despite this short-term reversal, the broader December trend remains positive. FPIs have infused Rs 21,789 crore into Indian equities so far this month, reflecting continued confidence in India's economic growth potential and its resilient markets.
FPIs adopted a cautious approach due to the US Fed meeting and uncertainty about 

Foreign portfolio investor exodus: Financial sector bears the brunt, FPI

Fundraising via IPOs in India hit another landmark as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record Rs 1.6 lakh crore in 2024, while the pipeline for the next year holds out bigger promise.
This exceptional year not only reflected the confidence of issuers but also highlighted investors' eagerness to seize listing-day gains or back companies with strong long-term growth potential.
The year was marked by Hyundai Motor India's historic IPO, the largest in the country's history, which raised Rs 27,870 crore.
Companies of varying market capitalisations -- large, mid, and small -- tapped into the IPO route in 2024, with the average issue size rising significantly from Rs 867 crore in 2023 to over Rs 1,700 crore in 2024.
The exceptional vibrancy of the IPO market was evident, with December alone seeing at least 15 launches.
"Rising retail participation, strong domestic inflows and active participation by FPIs (

ipo market listing share market

The accumulated losses of state public sector enterprises (PSEs) rose from Rs 3,953.70 crore in 2020-21 to Rs 4,778.70 crore in 2022-23, while the profit earned by 13 SPSEs stood at Rs 20.21 crore as on September 30, 2023, according to a report by the Comptroller and Auditor General (CAG) on finances tabled in the Assembly on Saturday.
The net worth of nine out of these 14 PSEs has been completely eroded by losses and their worth was (-) Rs 1,932 crore against an equity investment of Rs 2,085.59 crore, while three PSEs have outstanding government loans amounting Rs 3,132 crore, the report said.
Himachal Pradesh State Electricity Board topped the list of loss making enterprises with accumulated losses of Rs 1,809.61 crore, followed by Himachal Pradesh Road Corporation at Rs 1707.12 crore, HP Power Corporation at Rs 552 crore, Himachal Pradesh Power Transmission Corporation at Rs 395.91 crore, HP Financial Corporation at Rs 180.97 crore, State Forest Corporation at Rs 113.04 crore, HPM

The Centre may overshoot the Rs 56,260 crore target for dividend receipts from central public-sector enterprises (CPSEs) set for FY25 and is likely to end up getting around Rs 65,000 crore this financial year, according to a senior government officia

Record fundraising surpasses the previous high of Rs 9,370 cr in 2023

IPO rush, market

Vivo X200 Pro sets a new benchmark in mobile photography while offering exceptional battery life and performance. Despite a few downsides, it remains one of the top premium smartphones

Vivo X200 Pro

Adani Energy Solutions (AESL) on Thursday said it has incorporated a wholly owned subsidiary Adani Energy Solutions Step-Ten Ltd (AESSTL).
The AESSTL is incorporated in India and registered with the Registrar of Companies, Gujarat in Ahmedabad on December 18, 2024 and is yet to commence business operations, a regulatory filing said.
According to the filing, AESSTL is incorporated by AESL, for transmission, distribution and supply of power and other infrastructure services relating thereto.
The authorised share capital as well as paid-up share capital of the arm is Rs 1 lakh.
The equity shares are being acquired at a face value of Rs 10 each. The AESL will hold 100 per cent equity of the AESSTL.

Adani Energy

The representation of Scheduled Castes (SCs) and Scheduled Tribes (STs) in the central government workforce is as per the prescribed limit, the Rajya Sabha was informed on Thursday.
According to the information provided by the ministries/departments, as on January 1, 2024, the number of employees belonging to SCs, STs and Other Backward Classes, OBCs, is 5.47 lakh, 2.82 lakh and 8.55 lakh, Union Minister of State for Personnel Jitendra Singh said in a written reply.
"The representation of SC and ST is as per the prescribed limit of 15% and 7.5% respectively. The representation of OBCs in direct recruitment has also consistently been more than 27% during the last 10 years," he said.
To a query seeking reasons for removal of data on reservation in Union government jobs and positions from the Annual Report (2023-24) of DoPT (Department of Personnel and Training), Singh said obtaining data/information from ministries/ departments is a time-consuming process.
"At the time of finalising 

Jitendra Singh MoS for Development of North Eastern Region ( Independent Charge), PMO addresses during a press conference after a cabinet meeting, at the National Media Center in New Delhi.

Jitendra Singh

DMK leader R S Bharathi stated that if PM Modi truly valued democratic principles, Shah should be temporarily removed from his ministerial position

M K Stalin, Tamil Nadu CM, DMK President

Check out Paisabazaar.com's selected personal loan options from various banks and NBFCs

Loan

The Banning of Unregulated Lending Activities Bill calls for the CBI to handle probes in cases spanning multiple states or UTs

The Centre, in collaboration with states, has proposed to classify unregulated lending as a cognizable and non-bailable offence, with penalties including imprisonment of up to 10 years. The finance ministry has invited feedback by February 13 from st

The latest Economic Survey said, India has to find the right balance between importing goods from China and importing capital (FDI) from China

How policymakers are split over attracting Chinese investment into India

The official further noted that this year's Budget consultations are particularly significant due to the political outcomes of recent state elections

Nirmala Sitharaman, Nirmala

Congress calls FIR against Rahul Gandhi over Parliament scuffle a 'badge of honour', alleging BJP's vendetta and diversionary tactics to counter his protest against Amit Shah's Ambedkar remarks

Rahul Gandhi, Rahul, congress leader

The Opposition Congress has doubled down on its demand for Home Minister Amit Shah's resignation, citing his comments on B R Ambedkar

Rahul Gandhi, Rahul, Congress leader, Priyanka Gandhi, Priyanka

Riaz Thingna

Riaz Thingna

Riaz Thingna

Union Budget 2024: Beginning of remarkable direct tax reforms by Modi 3.0

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Atletico Madrid stun Barcelona in stoppage time to snatch La Liga lead

UP govt makes special arrangements for insect-free Maha Kumbh Mela

Tiger Woods and his son Charlie share the lead at PNC Championship

Fresh Israeli strikes across Gaza kill 20 as Vatican envoy visits region

Premier League: Manchester City suffer body blow in loss to Aston Villa

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55th GST Council takes key decisions, defers rate cuts on insurance premium

FPIs pull out Rs 976 crore from Indian equities amid rising dollar

IPO boom: Record Rs 1.6 trn raised in 2024; bigger gains expected in 2025

Losses of Himachal's 30 PSEs rose from Rs 3,953 cr to Rs 4,778 cr: CAG

Healthcare, pharma sectors raise Rs 14,811 crore via IPOs in 2024