SIKKIM, July 30, 2024 — Sikkim, a northeastern state of India, enjoys a unique status within the country: its residents are exempt from paying income tax under the Indian Income Tax Act. This exemption, specified in Section 10(26AAA) of the Act, is exclusive to individuals defined as Sikkimese. Sikkimese individuals benefit significantly from this income […]
Author: BV Shiva Shankar Business journalist

PM Modi Calls for Simplified Budget to Enhance Public Understanding and Transparency
NEW DELHI, July 26, 2024 – In a push for greater transparency and accessibility, Prime Minister Narendra Modi has emphasized the need for a straightforward and clear Budget, according to Finance Minister Nirmala Sitharaman. This initiative aims to make financial documents more understandable for the general public, aligning with Modi’s vision of a government that […]

Gold Imports Warning: Nilesh Shah of Kotak Mahindra AMC Urges Vigilance After Indian Import Duties Reduced
NEW DELHI, July 26, 2024 — Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company, has issued a cautionary statement regarding India’s gold imports following the recent Union Budget’s decision to reduce import duty on gold. Shah stressed the importance of monitoring gold foreign commodity to prevent them from exceeding oil imports, a scenario […]

Centipede Found in Amul Ice Cream: Conflicting Claims Arise in Noida Incident on June 15
June 17, 2024, Noida, Uttar Pradesh: A local woman from Noida, Deepa, has claimed that she discovered a centipede in an Amul ice cream. This incident, reported on June 15, 2024, has sparked conflicting statements between Deepa and Amul, a major dairy company in India. Woman’s Allegation Deepa Devi posted on social media that she […]

Entrepreneur of the Year 2024: Vellayan Subbiah Honored for Exemplary Leadership by EY World
Noida, June 10, 2024, Celebrating Entrepreneurial Excellence EY World Entrepreneur of the Year 2024, In a testament to India’s burgeoning entrepreneurial spirit, Vellayan Subbiah, a prominent Indian entrepreneur, has been recognized as the EY World Entrepreneur of the Year 2024. This prestigious global award highlights his remarkable achievements in driving business success through visionary leadership […]