The government will introduce new Income Tax Return (ITR) forms under the Income Tax Act, 2025 before the start of the 2027–28 financial year. This update was shared by Minister of State for Finance Pankaj Chaudhary in the Lok Sabha. He said the Central Board of Direct Taxes (CBDT) is currently consulting tax experts, industry … Read more
Verifying the identity of household and delivery staff is now easier than ever. Identifying a maid, driver, security guard, or delivery executive can be done in just a few clicks using UIDAI’s new Aadhaar app. Earlier, people had to collect photocopies of Aadhaar cards and other documents. This raised concerns about privacy, document safety, and … Read more
The Unique Identification Authority of India (UIDAI) has updated its Aadhaar regulations to introduce a new digital identity option called Aadhaar Verifiable Credential (AVC). The move aims to make offline Aadhaar verification safer while limiting the sharing of personal data. The amendments to the Aadhaar (Authentication and Offline Verification) Regulations, 2021 were notified on December … Read more
The Reserve Bank of India (RBI) has reduced interest rates by 125 basis points in 2025, including a 25-basis-point cut announced during the Monetary Policy Committee (MPC) meeting on December 5. This continuous reduction in the repo rate is directly affecting fixed deposit (FD) returns across the country. As the repo rate falls, banks and … Read more
The state government has amended the Public Service Promotion Rules, 2003. With this change, the government is planning to tighten its rules regarding promotions. Every officer is required to report their assets to the government every year. While some officers follow this requirement, many do not, which has become a matter of concern for the … Read more
Employees could get some good news soon from the Employees’ Provident Fund Organisation (EPFO). Discussions indicate that the central government may increase PF interest rates for the financial year 2025-26. This will directly benefit the interest earned on your PF deposits. Currently, PF account holders are curious about how much interest they will receive this … Read more
If you dream of working at the Reserve Bank of India, here’s your chance. RBI has opened applications for its fully paid summer internship. Selected students will get hands-on experience at India’s central bank along with a monthly stipend. Applications started on October 15 and the deadline is December 15, 2025. Students who have not … Read more
UIDAI has announced a major update that directly affects how Aadhaar will be used for identity verification. From now on, hotels, banks, event organisers, and other institutions cannot ask for a photocopy of your Aadhaar card. Instead, verification will be done digitally using a QR code or the new Aadhaar app. Any organisation that wants … Read more
A new convenience has been introduced for passport holders. Passport Verification Records (PVRs) will now be available directly on the DigiLocker platform. This update has been implemented in coordination with the Ministry of Electronics and Information Technology (MeitY) and the Ministry of External Affairs (MEA). With this change, people will no longer need any physical … Read more
Gratuity is a reward given by companies to employees for their dedicated service. It is paid as a lump sum under the Payment of Gratuity Act, 1972. Typically, employees receive gratuity after five years of continuous service in the same company. Work experience in multiple companies does not count. This rule applies only to organizations … Read more
Following bilateral talks in New Delhi, Prime Minister Narendra Modi and Russian President Vladimir Putin made several key announcements. India has launched a free e-visa facility for Russian citizens, which will be processed within 30 days. This initiative aims to boost tourism and strengthen India-Russia relations. Prime Minister Modi said at a joint press conference … Read more