In early 2024, India gave a call to transform the country into a developed nation with a USD 30 trillion economy by the time it complete 100th year of Independence.
Since the early 2000s, India and the United States have gradually deepened their strategic partnership, moving beyond trade and culture toward technologies, defence, and security. Space and cyberspace have emerged as domains of critical importance due to their increasing role in national security, economic infrastructure, and strategic competition.
The Nuclear Power Corporation of India Limited (NPCIL) was established in 1987 as a Public Limited Company
Policy UpdateSivapriya Background India has the third-largest reserves of rare earth elements, accounting for 6.9 million metric tons or 7.6 percent of global reserves. But it contributes less than 1 percent of the global rare-earth mining, facing infrastructural, environmental, and…
There is much talk of the proposed simplification of India’s complex GST regime. Prime minister Narendra Modi in his Independence Day speech, said, "…The government will implement next generation GST reforms which will bring down tax burden on the common man."
Health insurance for individuals has been made exempt from Goods and Services Tax. GST has been removed from life insurance premium payments for individuals, as well. Both used to be charged GST at 18%. So, this represents major relief for individuals, this lowering of the cost of buying insurance by nearly a fifth, right? That magnitude of reduction in the cost of either life or health insurance is merely an illusion. The cost of insurance might come down somewhat, but definitely not by 18%.
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).