Sunday, September 13
The United States recently declared the Balochistan Liberation Army (BLA) and The Majeed Brigade as foreign terrorist organisations while Pakistan's army chief Asim Munir was in the US to attend farewell of US Central Command Commander General Michael Kurilla, who had previously termed Pakistan a "phenomenal partner" in counter-terrorism and later got a top award from Pakistan, is a significant step indicating the US is now back to being Pakistan's strategic ally. The US action on Baloch insurgents comes when the US is seeking oil and minerals in Pakistan which lie mainly in the western regions where Baloch insurgents hold sway. It appears after a hiatus when Pakistan grew closer to China, it is now back in America's lap. With deft maneuvering, Pakistan appears to have successfully flipped
Mumbai-based Motilal Oswal Financial Services has invested Rs 400 crore in quick commerce firm Zepto, according to a stock exchange filing by the company.This investment follows small stake purchases in Zepto by listed non-banking finance company Elcid Investments and homegrown mapping solutions firm MapmyIndia. These investments, which are happening through secondary transactions, value Zepto at Rs 51,000 crore, or around $5.9 billion.
The Parliament on Tuesday passed the modified Income Tax Bill, which the government says will modernise the longstanding income tax legislation for both individuals and corporations, along with the Taxation Laws (Amendment) Bill, 2025. Finance Minister Nirmala Sitharaman introduced the two money bills -- The Income Tax Bill, 2025, and The Taxation Laws (Amendment) Bill, 2025 in Rajya Sabha on Tuesday. The Upper House had returned the legislation with a voice vote to the lower house.The Income Tax Bill will replace the Income Tax Act, 1961.Explaining the reasons for bringing the new income tax law, Sitharaman said some parts of the Income Tax Act, 1961, have become outdated and hence a new legislation was needed.The Select Committee, chaired by Baijayant Panda, had suggested a host of chang
