According to GoI’s response to a question in Parliament, there have been 42,673 instances of input tax credit fraud, worth ₹1,66,241 cr, cumulatively over FY21 and FY25 (up to January for the last fiscal).
In India, where over half the population depends on agriculture for their livelihood, and more than 70% of farmers are small and marginal, they remain extremely vulnerable to climate variability and crop failures (NITI Aayog, 2019). The growing threat of global warming has intensified the frequency and severity of erratic weather patterns, worsened agricultural risks, and deepened the cycle of income insecurity and indebtedness among farmers. Recognizing this urgent challenge, the Government of India launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) in 2016. It is a large-scale crop subsidy insurance scheme that aims to safeguard farmers. This scheme is being administered by the Department of Agriculture and Farmers Welfare.
The relationship between the United States and India has entered a new era, where Artificial Intelligence (AI) and the digital economy are becoming the key drivers of cooperation. The Government of India initiated the National AI Mission in March 2024, with a budget of ₹10,300 crore. The mission aims at the development of a large-scale computing infrastructure, the development of in-country created models of Artificial Intelligence like Bharat Gen, the development of semiconductor manufacturing, and the nurturing of Artificial Intelligence talent through the IndiaAI Future Skills programme.
SMART-PDS is a centrally sponsored, technology-oriented reform initiative by the Department of Food & Public Distribution (DFPD), Ministry of Consumer Affairs, aimed at enhancing and consolidating the IT infrastructure of India’s Public Distribution System (PDS).
India’s proposed GST 2.0 is being framed as the biggest reform to the indirect tax system since 2017: India’s upcoming GST 2.0 announcement, slated for implementation by Diwali, is being widely promoted in the media as a “Diwali gift”—a measure to reduce burdens on everyday consumers. Prime Minister Modi’s Independence Day speech has already prompted headlines calling it “a brighter gift of simpler taxes” and a “gamechanger” for GST.
The worrying part for Israel is the increasing condemnation and resultant diplomatic isolation and trade and arms embargoes by the European countries, hitherto mostly allies and sympathetic to the Jewish state
TK ARUN Visible rates have been cut, while rates whose impact is not directly observable by the consumer have gone up; indirect taxes have been made even more indirect. Most of us have heard the tale of the mouse that…