Open Market Sale Scheme (Domestic) Policy: The Ministry of Consumer Affairs, Food & Public Distribution announced key revisions to the Open Market Sale Scheme (Domestic) (OMSS(D)) policy for 2024-25. These changes aim to improve food security and support ethanol production in India.The OMSS involves the periodic sale of surplus food grains (wheat and rice) from […]
Tag: 27th Jan 2025
Principal Purpose Test
Principal Purpose Test: The Central Board of Direct Taxes (CBDT) has introduced new guidelines for applying the Principal Purpose Test (PPT) under India’s Double Tax Avoidance Agreements (DTAAs), aiming to prevent tax avoidance.These guidelines apply prospectively, with specific exemptions for treaties with Cyprus, Mauritius, and Singapore due to grandfathering provisions.The PPT provisions will apply prospectively, […]
National Girl Child Day 2025
National Girl Child Day 2025: National Girl Child Day is observed annually on 24th January aimed at promoting the rights, empowerment, and potential of girls across India.Theme: “Empowering Girls for a Bright Future” emphasizes equal opportunities for girls in education, healthcare, and personal growth. It was started in 2008 by the Ministry of Women and […]
