Presumptive Taxation: NITI Aayog, in its first Tax Policy Working Paper (2025), proposed an optional presumptive taxation regime for foreign firms to reduce litigation, simplify compliance, and bring certainty on Permanent Establishment (PE) disputes. Taxation based on a fixed deemed profit percentage of gross receipts, instead of detailed profit attribution through transfer pricing or functional […]
Australia Approves Alzheimer’s Drug Lecanemab for Early Stage Use
Australia Approves Alzheimer’s Drug Lecanemab for Early Stage Use: Australia’s Therapeutic Goods Administration (TGA) has approved Lecanemab (marketed as Leqembi) for treating early-stage Alzheimer’s disease. This makes it only the second disease-modifying therapy to receive regulatory clearance in Australia. The decision, finalized in September 2025, comes amid rising Alzheimer’s prevalence—now the leading cause of death […]
Mirabai Chanu Wins Silver at 2025 World Championships
Mirabai Chanu Wins Silver at 2025 World Championships: Mirabai Chanu wins silver in 48 kg at 2025 World Championships, setting new national records in clean & jerk and total lift. Held on 2 October 2025, the women’s 48 kg event saw participation from top lifters across 26 countries. The final standings showcased intense competition. Gold: Ri Song-gum […]
OpenAI Hits $500 Billion Valuation After Share Sale to SoftBank
OpenAI Hits $500 Billion Valuation After Share Sale to SoftBank: OpenAI the creator of ChatGPT has reached a $500 billion valuation following a major secondary share sale to SoftBank, as reported by Reuters. The deal involved $6.6 billion worth of shares sold by current and former OpenAI employees, reflecting the company’s skyrocketing growth in value […]
National Conference on Land & Disaster Management
National Conference on Land & Disaster Management: A two‑day national conference on land administration and disaster management begins in Gandhinagar, launching digital systems, SVAMITVA cards, and new revenue offices.The event is part of a nationwide push to modernize land governance, strengthen disaster resilience, and ensure citizens’ land rights through digitization and innovation. Organised by the […]
NHAI to Install QR Code Sign Boards on Highways
NHAI to Install QR Code Sign Boards on Highways: The National Highways Authority of India (NHAI) has announced the installation of QR Code Sign Boards across National Highway stretches. This move aims to improve transparency, ensure easy access to project-specific details, and enhance road safety for highway users. Launched under the broader goal of offering […]
India wins ISSA Award 2025
India wins ISSA Award 2025: India wins ISSA Award 2025 for expanding social security coverage from 19% (2015) to 64.3%, benefiting over 940 million citizens. At the World Social Security Forum (WSSF) 2025 held in Kuala Lumpur, Union Minister Dr. Mansukh Mandaviya highlighted India’s remarkable journey in expanding social security coverage. He stated that over […]
A Ramachandran Museum to Open in Kerala on October 5
A Ramachandran Museum to Open in Kerala on October 5: A museum dedicated to one of India’s most celebrated modern artists, A Ramachandran, will be inaugurated in Kollam, Kerala, by Chief Minister Pinarayi Vijayan. This tribute comes less than two years after his death in February 2024 at the age of 88, marking a significant […]
Daily Current Affairs for UPSC IAS: 4th October 2025
Today’s Current Affairs:4th October 2025 for UPSC IAS exams, State PSC exams, SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc
PRIP (Promotion of Research and Innovation in Pharma MedTech Sector) Scheme
PRIP (Promotion of Research and Innovation in Pharma MedTech Sector) Scheme: The government recently invited applications for research and innovation projects under its Promotion of Research and Innovation in Pharma-MedTech Sector scheme to make it a globally competitive and innovation-driven sector. The PRIP scheme was launched by the Department of Pharmaceuticals, Ministry of Chemicals & […]
