As India gears up for FY25 ITR filings, Sikkim remains the only state where certain native residents legally pay zero income tax, even on crore-level incomes. Protected by Article 371(F) and Section 10(26AAA), this decades-old exemption makes Sikkim a one-of-a-kind example in Indian tax history.
Category: Finance
GCCI Applauds Historic GST Reforms Aimed at Economic Growth and Social Inclusion
Goa Chamber of Commerce & Industry (GCCI) President Ms. Pratima Dhond welcomes sweeping GST reforms announced at the 56th GST Council Meeting. With simplified slabs, exemptions on insurance and essential items, and measures to support MSMEs, healthcare, and farmers, the reforms are expected to boost GDP, ease compliance, and promote financial inclusion.
Bank of Baroda Launches “bob Aspire” NRE Savings Account for Prospective NRIs
Bank of Baroda has introduced the “bob Aspire NRE Savings Account,” enabling Indian citizens to conveniently open an NRE account in India before moving abroad, simplifying their transition to NRI banking.
Tirunelveli Family Shocked by ₹1.61 Crore Electricity Bill, Revised to ₹494 After Error
A family in Maruthakulam, Tirunelveli, was left stunned after receiving an inflated electricity bill of ₹1.61 crore. TANGEDCO officials later clarified it was a technical glitch and corrected the bill to ₹494.
Axis Bank Launches Sparsh Week 2025: ‘Raising the Bar’ Nationwide
Axis Bank has launched Sparsh Week 2025 from September 1–5, uniting over 1 lakh employees across 5,868 branches to celebrate customer relationships under the theme “Raise the Bar.” With senior leadership actively engaging across 40 cities, the initiative will focus on redefining customer experience, personalized offers, thematic days for diverse customer groups, and community outreach.
