Haryana Financial Commissioner (Revenue) Sumita Misra on Tuesday said the Department of Revenue and Disaster Management, along with the National Disaster Management Authority (NDMA), will conduct the full-scale mock drill ‘Exercise Suraksha Chakra’ on August 1.

The Income Tax Department on Tuesday issued a clarification on the proposed Income Tax Bill 2025, saying the bill is only meant to simplify language and remove redundant or outdated provisions, and does not propose any change in tax rates.

The clarification came after several media reports and social media posts claimed that the new bill would alter Long Term Capital Gains (LTCG) tax rates for certain categories of taxpayers.

Some reports even suggested that the existing tax exemptions on equity investments could be removed.

Revenue growth of India’s 18 largest states, which account for over 90 per cent of the gross state domestic product, is likely to witness a uptick at 7-9 per cent this fiscal to Rs 40 lakh crore, up against 6.6 per cent in last fiscal, a report said on Tuesday.

The India Meteorological Department (IMD), Bhopal on Tuesday issued a flash flood risk alert for 19 districts in western Madhya Pradesh over the next 24 hours, citing saturated soil conditions and continued rainfall activity.

Districts under alert include Ashoknagar, Betul, Bhind, Datia, Dewas, Guna, Gwalior, Harda, Khandwa, Morena, Narmadapuram, Raisen, Rajgarh, Sehore, Shajapur, Sheopur, Shivpuri, and Vidisha.

The Madhya Pradesh government on Tuesday tabled its first adjunct budget estimate for the fiscal year 2025–26, proposing a total outlay of Rs 2356.80 crore in the state Assembly during the ongoing monsoon session.

The allocation includes Rs 1003.99 crore for revenue expenditure and Rs 1352.81 crore for capital investment, reflecting a strategic push in key sectors such as healthcare, policing, urban infrastructure and technical education.

A major thrust has been placed on public health, with Rs 1602.30 crore earmarked under the 15th Finance Commission’s recommendations for grants in the health sector. This marks one of the highest individual departmental allocations, aimed at bolstering primary healthcare and related systems across the state.

Bollywood legend Amitabh Bachchan has proved time and again that age is just a number, as he does not shy away from learning new skills even at 82.

In an attempt to keep himself relevant in the era of social media, Big B is learning how to use Instagram.

Announcing the revival of traditional rural sports in Punjab that were fading due to legal restrictions, Chief Minister Bhagwant Mann on Tuesday said the government would remove all legal hurdles to promote and preserve the state’s glorious sports heritage.

Addressing the gathering at a function to felicitate traditional sports lovers, the Chief Minister said Bullock cart races are not just a source of entertainment but represent the glorious cultural heritage of rural Punjab”. He said such races have been held in Punjab since ancient times and served as a living connection to “our traditions and cultural identity”.

A Special CBI Court in Ghaziabad on Tuesday sentenced Gangaram, Partner of M/s Pankaj Pharma, Lucknow, to two years’ rigorous imprisonment and imposed a fine of Rs 5 lakh for his involvement in a forgery and cheating case related to the National Rural Health Mission (NRHM) scheme.

The case pertains to fraudulent practices in the procurement and supply of medicines under the NRHM during the 2008-09 financial year.

India’s demand for green steel is set for exponential growth, reaching approximately 179 million tons by FY50, a report said on Tuesday.

The surge will be driven by the country’s rapidly growing automotive, infrastructure, and construction sectors, as they pivot toward sustainable manufacturing practices, according to an EY Parthenon report.

According to the report, India targets 500 million tons per annum of steel capacity by 2047, aligned with its climate goals.

India is projected to see 6.4 per cent GDP growth in FY26 and FY27, with both numbers revised slightly upward, reflecting a more benign external environment than assumed in the April reference forecast, the International Monetary Fund’s (IMF) World Economic Outlook (WEO) report said on Tuesday.

The IMF revised upwards its outlook for India’s GDP growth for the current fiscal by 20 basis points (bps) to 6.4 per cent. The global agency also revised upwards its growth forecast for FY27 by 10 bps to 6.4 per cent.