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Parliament Passes New Income Tax Bill Context: Parliament passed the new Income Tax Bill, replacing the six-decade-old Income Tax Act, 1961, aiming to simplify India’s direct tax law. The Rajya Sabh 13 Aug 2025 NPCI to Disntinue UPI ‘Pull’ Transactions from October 31, 2025 Context: The National Payments Corporation of India (NPCI), operator of the Unified Payments Interface (UPI), will discontinue ‘pull’ transactions (recipient-in 13 Aug 2025 IBC Amendment Bill Context: On 12 August 2025, Finance Minister Nirmala Sitharaman introduced the Insolvency and Bankruptcy Code (IBC) Amendment Bill in the Lok Sabha. The Bill pr 13 Aug 2025 RBI Grants In-Principle Approval to Paytm Payments Services as Online Payment Aggregator Context: The Reserve Bank of India (RBI) has granted Paytm Payments Services Ltd (PPSL), a wholly-owned subsidiary of One 97 Communications Ltd, an in-principle 13 Aug 2025 State Health Regulatory Excellence Index Launched (SHRESTH) Context: The Union Ministry of Health & Family Welfare, through the Central Drugs Standard Control Organization (CDSCO), has launched SHRESTH – the State He 13 Aug 2025 Mines and Minerals (Development and Regulation) Amendment Bill 2025 Context: A new Bill has been passed to boost India’s mineral sector, ensure secure supply chains for critical minerals, and align with the National Critical Min 13 Aug 2025 Pension Fund Regulatory and Development Authority (PFRDA) Introduction “The Pension Fund Regulatory and Development Authority (PFRDA) is the top government body that looks after and manages the pension sector in India. 13 Aug 2025 Daily Current Affairs Quiz: 12 August 2025 Got Questions? We've Got Answers! 📚 Whether it's about exams, career advice, or daily doubts, don't hesitate—ask away! 💡 Daily Current Affairs for UPSC Quiz | D Quiz 12 Aug 2025
12 August, 2025 Jal Jeevan Mission · Minimum Alternate Tax (MAT) · Alternate Minimum Tax (AMT) Daily 12 Aug 2025 NABARD Marks National Handloom Day Context: The National Bank for Agriculture and Rural Development (NABARD) celebrated National Handloom Day on 7 August 2025 in Guwahati under the theme “Handloo 12 Aug 2025
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