The Reserve Bank of India (RBI) released the minutes of the Monetary Policy Committee (MPC) meeting, emphasizing the need for active disinflationary measures to anchor the inflation target and achieve full transmission. The RBI believes that durable price stability will lay the foundation for sustained high growth.
Amazon is reportedly planning a major revamp of its Alexa service, incorporating conversational generative AI with two service tiers. This development is expected to significantly impact Indian users.
Claims for House Rent Allowance (HRA) can lower your tax liability. However, fraudulent HRA claims or underreporting income can result in penalties of up to 50% of the levied tax or three times the amount intended to evade.
The Delhi High Court will deliver its final ruling on the bail application of Chief Minister Arvind Kejriwal in the next two to three days. The court has stayed the trial court’s June 20 order granting bail to Kejriwal, meaning there is no bail for him at present.
Billionaire Bill Gates shared his health tips for young entrepreneurs, advocating the benefits of vitamin supplementation and regular testing to detect any health anomalies.
Delhi received much-needed relief from the heatwave as various parts of the city experienced rainfall. Meanwhile, the India Meteorological Department (IMD) has issued a red alert for Coastal and South Interior Karnataka, Kerala, Konkan, and Goa for the next five days.
