India defence production growth to ₹1.50 lakh crore in FY 2024–25 marks an 18% rise, driven by Make in India and Atmanirbhar Bharat initiatives, with record exports. India’s Defence Production Soars to Historic ₹1.50 Lakh Crore in FY 2024-25 In a landmark achievement for India’s defence sector, annual defence production reached an unprecedented ₹1,50,590 crore…
Customs duty on edible oils reduced from 20% to 10% by the government to control inflation, support domestic refining, and lower consumer prices across India. Policy Change to Curb Edible Oil Prices On June 11, 2025, the Indian government announced a significant reduction in the Basic Customs Duty (BCD) on major crude edible oils—specifically crude…
India to Conduct Population Census 2027 in Two Phases with Caste Enumeration India is set to conduct its 16th Population Census in 2027, marking a significant milestone as it will include caste enumeration for the first time since 1931. This decision aims to provide comprehensive data to inform policies and welfare programs. Two-Phase Census Process…
India to Begin Census from 2025: Key Details Introduction to the 2025 Census The Government of India has announced that the next national census will commence in 2025. This census is pivotal as it is conducted every ten years and serves as a critical tool for governance, policy-making, and resource allocation. The census aims to…
Government Restores Diamond Imprest License for Gems and Jewellery Sector Introduction to the Restoration of Diamond Imprest License In a significant move to bolster the gems and jewellery sector, the Indian government has restored the Diamond Imprest License. This decision, announced recently, is expected to have a profound impact on the industry, which has been…
Government Reverses Decision on LTCG Tax Indexation Benefits Introduction In a significant move impacting investors, the Indian government has reversed its earlier decision on the indexation benefits related to Long-Term Capital Gains (LTCG) tax. This decision has important implications for taxpayers and the investment community. Details of the Reversal The government’s recent announcement has reinstated…
