August 11, 2025
Taxation Laws Amendment Bill 2025 proposes pension tax exemptions and updates to income tax assessment rules
A new Taxation Laws (Amendment) Bill, 2025, was introduced in the Lok Sabha to extend tax exemptions to subscribers of the Unified Pension Scheme, aligning its benefits with those of the New Pension Scheme. The Bill also proposes amendments to the Income-tax Act, 1961, and the Finance Act, 2025, including modifications to the block assessment process in Income Tax search cases and provisions for direct tax benefits to public investment funds from Saudi Arabia. These changes aim to enhance tax incentives and streamline assessment procedures under the updated pension and investment frameworks.
August 11, 2025
Lower House Passes National Sports Governance and Anti-Doping Bills Amid Opposition Protests
The lower house of the legislature passed two sports-related bills after a brief discussion despite opposition protests concerning electoral roll revisions in a specific state. The bills, addressing national sports governance and anti-doping regulations, were considered and approved by voice vote while many opposition members were absent or engaged in protests outside the chamber. Opposition members returned to raise slogans during the proceedings, but the bills were enacted before the house adjourned.
August 11, 2025
Government Introduces Revised Income Tax Bill Incorporating Select Committee Recommendations and Stakeholder Suggestions
The government introduced a modified Income Tax bill in the legislature to replace the existing Income Tax Act, 1961. The new bill incorporates nearly all recommendations from a Select Committee, along with additional stakeholder suggestions to clarify legal language. Due to necessary drafting corrections, phrase alignments, and cross-referencing adjustments, the original Income Tax Bill was withdrawn and replaced by this revised version. The bill aims to consolidate and amend income tax laws comprehensively.
August 11, 2025
Engineering Firm Wins Contract to Build 500,000L/Day Ethanol Plant Using Sugarcane Syrup and Grains
An engineering, procurement, and construction firm specializing in distillery projects has secured a contract from a major sugar producer to design and implement a multi-feed ethanol plant with a capacity of 500,000 liters per day in Maharashtra. The project involves the use of sugarcane syrup and grains as feedstocks to produce fuel-grade ethanol in line with national biofuel policies. The plant will incorporate energy-efficient technologies such as low-pressure distillation and vapor-based evaporation systems to optimize power generation and minimize energy consumption. The contractor has prior experience delivering similar ethanol plants across India and has commenced execution of this project with notable progress.
August 11, 2025
Caribbean Medical School Tackles Global Physician Shortage with Affordable, Accessible Training Programs
A global shortage of physicians is reaching critical levels, with projections indicating a deficit of up to 10 million healthcare workers worldwide by 2030, disproportionately affecting developing countries. The United States and Canada face significant physician shortfalls, impacting access to care, particularly in rural and underserved areas. In response, a Caribbean medical school is addressing this gap by offering affordable, accessible medical education aimed at producing skilled physicians prepared to serve high-need regions globally. The institution emphasizes reducing financial barriers through transparent tuition, scholarships, and flexible payment plans. Its graduates have successfully matched into competitive residency programs and are contributing to healthcare systems in various countries. The school focuses on training physicians who are not only clinically competent but also compassionate and community-oriented, aiming to alleviate the global healthcare workforce crisis.
August 11, 2025
Tech Platform Partners with Fraud Intelligence to Block Fake Accounts Using Device ID Tech
A technology distribution platform specializing in AI, gaming, and consumer apps has partnered with a fraud intelligence provider to implement a device-based fraud detection system. This collaboration enables real-time blocking of fake accounts, bots, and fraudulent activities by using device identification technology with over 99.99% accuracy. The platform has significantly reduced fake accounts by 99.8% and bot-driven abuse by 98.7%, ensuring reward integrity and protecting user acquisition campaigns from fraud. The integration detects multi-accounting and fraud syndicates, preventing large-scale bonus abuse and maintaining account integrity. This partnership aims to sustain trusted growth and legitimate user engagement in a digital ecosystem plagued by fraudulent activities.
August 11, 2025
Furniture Fittings Company Revamps Linear Drawer Systems with Minimalist Design and Advanced Technology Features
A leading furniture fittings company has repositioned its linear drawer systems to align with current design trends favoring minimalism and clean lines. The company offers an extensive range of products featuring advanced technology such as minimalist profiles, integrated illumination, silent opening mechanisms, and high load capacities. These innovations aim to enhance both functionality and aesthetics in modern interiors. The repositioning reflects the company's strategic response to evolving consumer preferences and design standards, leveraging precision engineering and award-winning technology to maintain market leadership in furniture hardware solutions.
August 11, 2025
New Snack Brand Launches with Authentic Regional Flavors, Healthy Oils, and No Preservatives
A new snack brand has launched across India, focusing on authentic regional flavors and traditional preparation methods. The brand emphasizes small-batch production, use of healthier oils, and avoidance of preservatives and artificial colors, responding to concerns over industrial ingredients and additives commonly found in packaged snacks. It sources products from local artisans and communities, preserving culinary heritage while catering to health-conscious consumers who prioritize clean ingredients and regional authenticity. The brand offers a variety of regional specialties nationwide through its website and plans expansion through e-commerce platforms and subscription services. This initiative highlights a shift towards transparency, quality, and cultural connection in the Indian snack market.
August 11, 2025
Global Gaming Platform Launches 24/7 Live Virtual Horse Racing with Instant Bets and Payouts
A global gaming platform has launched live virtual horse racing across Asia, offering races every three minutes with real-time video streaming and commentary. The platform provides three betting options: predicting the winner, a top two finish, or a top three finish, with instant results and payouts. This virtual racing aims to replicate the excitement of traditional horse racing, which has a long history in the region, by providing continuous, accessible gameplay without waiting for scheduled events. The service targets players seeking fast-paced, strategic betting opportunities on a digital platform available 24/7.
August 11, 2025
New Pan-Asian Dining Experiences Featuring Multi-Course Duck Menu and Unlimited Dim Sum Lunch
A hospitality establishment located in Bengaluru has introduced two new dining experiences featuring traditional and contemporary Pan-Asian cuisine. The first offering centers on a multi-course duck menu that includes classic and innovative dishes such as Peking Duck served tableside, Cantonese roast duck, Thai duck curry, and fusion items like duck sushi rolls and truffle-scented fried rice. The second is an unlimited dim sum lunch available on weekdays, showcasing a variety of handcrafted dumplings and mains inspired by Cantonese culinary traditions, served in a leisurely manner to encourage conversation. Both experiences emphasize culinary craftsmanship and cultural storytelling within an upscale hotel setting, aiming to provide guests with memorable and refined dining moments.
August 11, 2025
Parliamentary Affairs Minister condemns opposition disruptions blocking key bills on tax, sports, shipping, and GST amendments
The Parliamentary Affairs Minister criticized the opposition for repeatedly disrupting parliamentary proceedings, causing delays in passing key legislation. He stated the government intends to move forward with important bills, including those related to income tax, sports governance, merchant shipping, anti-doping, and state GST amendments. The minister accused opposition parties of focusing on protests over a single issue, hindering discussions on matters of public interest and leading to frequent adjournments in both Houses of Parliament. The government emphasized its commitment to ensuring legislative business progresses despite opposition disruptions.
TaxTMI 
https://www.taxtmi.com/ne...
TaxTMI 
