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New draft Income Tax rules 2026 released: Simplified ITR forms, focus on easier compliance – what common taxpayers should know

New Income Tax Rules 2026 (AI image) New Income Tax Rules 2026: The Income Tax Department on Saturday released the draft Income-tax Rules, 2026. These new rules will become effective from April 1, 2026, that is the start of the financial year 2026-27. There are several changes aimed at simplification in tax filing and ease…

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Budget 2026: Customs duty slabs set for big revamp; tariff structure to be simplified

As part of a wider overhaul, the government is also looking to revisit and recalibrate the duty structure governing transactions between special economic zones. (AI image) Budget 2026: The Narendra Modi government is looking to revamp the customs duty slabs and tariff structure in the Union Budget 2026. FM Nirmala Sitharaman is expected to present…

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FPI rulebook revamp: Sebi proposes simplified registrations; clearer KYC rules, unified framework on cards

Sebi on Friday proposed a comprehensive overhaul of the Foreign Portfolio Investor (FPI) framework, aiming to streamline registrations and introduce an abridged application option for related funds, even as the regulator seeks to ease compliance for global investors.In a consultation paper, the Securities and Exchange Board of India said the move is intended to enhance…

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Elon Musk’s SpaceX unveils bold ‘simplified’ Starship plan to accelerate Artemis 3 Moon mission and ensure astronaut safety

Elon Musk’s SpaceX has responded to growing concerns from NASA about the readiness of its Starship rocket for lunar missions. On 30 October 2025, the company announced that it had submitted a “simplified” mission plan to NASA aimed at sending humans to the Moon safely and efficiently. In a detailed blog post, SpaceX explained that…

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EPFO key changes 2025: Simplified withdrawals, more funds, updated eligibility — all you need to know

The EPFO is a cornerstone of long-term social security for millions of organised sector workers. Its latest reforms reflect a fine balance between liberal & simplified withdrawal options for various needs with a decent corpus at the time of retirement, enhancing financial security and ease of living. Here’s a look at the key changes recently…

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EPFO allows up to 100% part PF withdrawal: Digital services simplified; what it means for your savings

In a major reform aimed at improving ease of access and flexibility for over seven crore subscribers, the Employees’ Provident Fund Organisation (EPFO) board on Monday approved liberalised partial withdrawal rules, allowing members to withdraw up to 100 per cent of their EPF balance.The Central Board of Trustees (CBT), headed by Labour Minister Mansukh Mandaviya,…

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Banking reforms: Cooperative banks get Aadhaar-enabled services under simplified UIDAI framework; boost for rural inclusion

A new Aadhaar-based framework has been rolled out for cooperative banks, paving the way for them to offer authentication and eKYC services that had long remained out of reach due to compliance and cost hurdles.Announcing the initiative at a workshop in New Delhi on Friday, Cooperation Ministry Secretary Ashish Kumar Bhutani said the move will…

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