Parliament News Updates: New Income Tax Bill to be introduced in Lok Sabha today
Finance Minister Nirmala Sitharaman will introduce the new Income Tax Bill, as cleared by a Select Committee, in the Lok Sabha on Monday. The new bill to be introduced will incorporate all the changes which have been suggested by the Select Committee and which have been accepted by the government, Parliamentary Affairs Minister Kiren Rijiju had revealed on Saturday. The U.S. military is preparing for the activation of hundreds of National Guard troops to Washington, D.C., two U.S. officials told Reuters on Sunday.The officials, who were speaking on the condition of anonymity, said a final decision was still to be made by U.S. President Donald Trump but the troops were prepared to deploy.One of the officials said it was unclear what exactly the troops would do, but could take part in efforts to protect federal agents or even carry out administrative tasks to free up law enforcement officials. Taiwan's Ministry of Defence detected 12 Chinese aircraft, nine Chinese naval vessels and 2 official ships operating around its territorial waters as of 6 am (local time) on Monday.The MND said that 8 out of 12 sorties crossed the median line and entered Taiwan's northern and southwestern ADIZ First is the National Sports Governance Bill, 2025, introduced by Mansukh Mandaviya. This bill seeks to provide for the development and promotion of sports, welfare measures for sportspersons, and ethical practices based on the Olympic and Paralympic Charters. It also proposes a unified mechanism for resolving sports disputes and grievances.Second is the National Anti-Doping (Amendment) Bill, 2025, also to be moved by Mansukh Mandaviya. This amendment aims to amend the National Anti-Doping Act, 2022. Both sports-related bills will be discussed together.Third is the Indian Ports Bill, 2025, to be moved by Sarbananda Sonowal. This bill aims to consolidate port laws, promote integrated port development, establish State Maritime Boards and a Maritime State Development Council, manage environmental and security issues, and provide mechanisms for resolving port-related disputes. Prime Minister Narendra Modi will inaugurate 184 newly constructed Type-VII multi-storey flats for Members of Parliament (MPs) at Baba Kharak Singh (BKS) Marg in New Delhi on Monday.The event will commence at 9:00 a.m. and will be held in the presence of Lok Sabha Speaker Om Birla, Union Minister Manohar Lal Khattar, and Union Minister Kiren Rijiju.As part of the inauguration ceremony, the Prime Minister will also plant a Sindoor (vermilion) sapling at the residential premises. In a symbolic gesture, he will interact with the labourers (Shramjeevis) who played a key role in the construction of the residential complex, acknowledging their contribution. Following this, PM Modi will deliver a keynote address.According to the Prime Minister's Office, each of the newly constructed flats offers approximately 5,000 square feet of carpet area. The spacious design allows for both residential and official purposes, making it convenient for MPs to carry out their public duties effectively from their homes.The complex includes dedicated areas for offices, staff accommodation, and a community centre, providing a self-sufficient ecosystem for the residents. Agriculture Minister Shivraj Singh Chouhan will digitally transfer Rs 3,200 crore in crop insurance claims to 30 lakh farmers under PMFBY during an event in Rajasthan. The new claim settlement system ensures faster payouts, with penalties for delayed subsidies from states or insurance companies. Since 2016, PMFBY has disbursed Rs 1.83 lakh crore in claims, benefiting farmers significantly. Finance Minister Nirmala Sitharaman will introduce the new Income Tax Bill, as cleared by a Select Committee, in the Lok Sabha on Monday. The new bill to be introduced will incorporate all the changes which have been suggested by the Select Committee and which have been accepted by the government, Parliamentary Affairs Minister Kiren Rijiju had revealed on Saturday.
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Time of India
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- Time of India
Telangana sees sharp rise in number of high-income taxpayers in last five years
1 2 3 4 Hyderabad: Be it the pandemic or layoffs across industries, nothing seems to have slowed the growth of employees in Telangana, as the number of individuals earning over Rs 25 lakh per annum increased by over 140% in the last five years, records show. While the total number of ITRs declaring a total income between Rs 25 lakh and Rs 50 lakh stood at 25,216 during the assessment year (AY) 2020-21, the figure shot up to 60,830 in AY 2024-25. In fact, the state saw a steady increase in the last five years when it comes to people earning over Rs 25 lakh per annum (LPA). "For me, the pandemic came as a boon. From hardly Rs 10 LPA, my package increased to over Rs 25 lakh as I switched jobs four times in five years," said Sai K, a software professional. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Gold Rates Today in Hyderabad | Silver Rates Today in Hyderabad Giving a peek into the trend, Jitender Reddy, a senior service delivery manager at an IT firm, said that people earning between Rs 2 lakh and Rs 5 lakh and Rs 5 lakh and Rs 8 lakh benefited the most. "This comes as no surprise as many IT employees switched companies during the pandemic with at least a 30% hike. With year-on-year hikes afterwards, their package would easily cross the Rs 25 lakh mark," he added. A few pointed out that there are quite a few who moonlighted during Covid-19 as they were working remotely and added that they are continuing to file inflated returns to ensure that there is no mismatch in their income in the last few years. Along with IT professionals, people from other sectors such as pharma also received good hikes in the last few years. An increase in risk appetite post-pandemic, awareness about investment opportunities, and an increase in real estate prices, among others, are also attributed as other factors that contributed to the increase in the income of individuals. "Definitely, real estate would be a factor that contributed to the increase in income. Also, many are starting their own businesses as they are willing to take risks and are running successful businesses. This could be because of an increase in risk appetite and also an increase in the number of districts," said K Laxminarayana, an economics professor, adding that those in the health and education sectors have also started earning good money in the last few years. As per the data tabled in Lok Sabha, the increase was about 100% in the same category as the ITR filers in the said bracket increased from 4,03,363 in 2020 to 8,42,147 in 2025 across the country. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
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Unsung no more: A celebration of silent change-makers
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Time of India
an hour ago
- Time of India
Panel ex-member: SEP lacks fundamentals of edu policy
Chennai: In a strong criticism of TN's State Education Policy (SEP) , L Jawahar Nesan, a former member of the high-level committee formed to frame the SEP, said the policy lacked fundamental elements of an education policy and urged the chief minister M K Stalin to withdraw the policy. Stalin on Friday released the 67-page SEP document for school education. Jawahar on Tuesday told reporters, "The policy lacked any concrete idea or proposal for the educational upliftment of all children in the 21st century and it aligns in letter and spirit with the National Education Policy (NEP)." "Any public policy should be released first as a draft policy for public consultation. While some stakeholders were engaged in a limited manner through public hearings to inform the policy's context, the draft policy was not subjected to comprehensive public consultation before being unveiled. This approach contravenes the fundamental principles of inclusive and participatory public policy making," he said. He said Union govt also released the draft NEP 2020 before releasing the final version. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai | Gold Rates Today in Chennai | Silver Rates Today in Chennai "The policy recommends current schemes such as the school observation app known as Palli Paarvai, the Educational Management and Information System (EMIS), proposed blockwise model schools, and STEAM learning as solutions to the lofty claim of producing future-ready students and inculcating 21st-century skills including critical thinking," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15+ Food That Clean Arteries (Most People Ignore) Undo "The means to achieve 21st-century skills are limited to app-based schemes. Teacher capacity building is confined to schemes such as the Payirchi Paarvai digital platform. The SEP appears to approach education in a lackadaisical manner, proposing populist slogans as solutions," said Jawahar. He said GO number 98, which gave terms and reference for the high-level committee, called for a distinct SEP for TN, keeping with the historical legacy, present situation, and future aspirations of the state. "The unveiled document does not reflect even an iota of understanding of what TN's distinct features, problems, conditions, and challenges are, nor how its recommendations can serve as genuine solutions to address these issues," he said. In a rebuttal, school education department said SEP preserves TN's educational autonomy while preparing learners for global challenges. "It provides a solid foundation to be built upon with regularly updated, measurable action plans. It also strengthens social justice, retains and upgrades welfare measures, and introduces future-ready curricula, ensuring flexibility," a release said. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
