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The Maharashtra government has allocated ₹120 crore to clear pending salaries of MSRTC staff. The Finance Department’s swift action comes amid growing concerns over delayed payments, aiming to restore financial stability and boost employee confidence. This fund release highlights the state’s commitment to supporting its public transport workforce during economic strain.
From April 1, 2025, key income tax changes for salaried employees include: Tax-Free Limit Raised: No tax on income up to ₹12 lakh (earlier ₹7 lakh). Higher Standard Deduction: Increased to ₹75,000 (from ₹50,000). New Tax Slabs: Reduced tax rates for income above ₹12.75 lakh. TDS Relaxation: Higher exemption limits for interest, dividends, and commissions. Extended Return Filing: 48 months to update tax returns. Simplified Tax Filing: Introduction of ‘Tax Year’ concept for easier compliance.
Adani Ports has decided to drop a $553 million US loan for its Colombo Port terminal project in Sri Lanka, opting instead for internal funding. The move aligns with the company’s strategic focus on financial flexibility and efficient capital allocation. The Colombo terminal is a key development in Adani’s global port expansion plans.
A 34-year-old Bengaluru techie from Marathahalli died by suicide, leaving a 40-page note explaining his reasons, police revealed. Following this, an FIR was filed against his wife and four others for alleged abetment of suicide. Authorities are investigating the detailed note to uncover the circumstances leading to his tragic step.
Lenskart's MoU with Telangana to invest ₹1,500 crore in the world's largest eyewear facility raised questions in Karnataka. Industries Minister MB Patil emphasized Karnataka's open-door policy for businesses but opposed excessive incentive demands, citing cases where requested incentives exceeded 100% of investment. He stressed balancing investor support with responsible use of public funds for viable projects.