Income Tax Bill 2025: Major Reforms
Finance Minister Nirmala Sitharaman unveiled the Income Tax Bill 2025 in Parliament, aiming to streamline tax compliance. The bill reduces sections from 819 to 536, introduces “tax year” instead of “assessment year,” and emphasizes faceless administration and alternate dispute resolutions. The Opposition walked out, criticizing the bill as overly mechanical despite its reduction in sections compared to the 1961 Act. The bill’s reforms are designed to simplify tax laws, enhancing clarity and ease for taxpayers.
Bengaluru Unveils Asia’s First Animatronic Elephant
Ellie, Asia’s first animatronic elephant, was introduced in Bengaluru by PETA India at St. Joseph’s School. Voiced by Dia Mirza, Ellie is a life-sized, lifelike robot created to promote awareness about animal welfare and the plight of elephants in captivity. Through interactive sessions, Ellie aims to educate students on compassion towards animals and discourage supporting activities that exploit them. This innovative approach marks a significant step in advancing animal rights education in India.
Tom Cruise Awarded Grande Médaille for Aviation Excellence
Hollywood icon Tom Cruise was honored with the Grande Médaille by the Aero Club of France on February 13, 2025, recognizing his remarkable contributions to aviation. Known for his daring aerial stunts in films, particularly the “Mission: Impossible” series, Cruise’s latest achievements include performing high-altitude maneuvers for the upcoming “Mission: Impossible – The Final Reckoning.” Presented by Catherine Maunoury, the award highlights Cruise’s inspiration to future pilots and his dedication to pushing the boundaries of aviation in cinema.
Trump Reinstates Plastic Straws, Cites Paper Straws’ Shortcomings
President Donald Trump issued an executive order reinstating plastic straws, arguing that paper alternatives are inefficient and impractical. The move reverses the previous administration’s plan to eliminate single-use plastics by 2035. Trump asserted that plastic straws are more practical and less harmful to marine life than previously thought. However, environmentalists disagree, warning that plastic straws still contribute significantly to ocean pollution and harm wildlife. The decision has sparked debates over environmental protection and convenience.
Shohely Akhter Banned by ICC for Corruption
Bangladesh’s Shohely Akhter made history for the wrong reasons, becoming the first female cricketer banned by the ICC for corruption. The 36-year-old off-spinner attempted to fix matches during the 2023 Women’s T20 World Cup, offering a teammate 2 million Bangladeshi Taka to get out hit wicket against Australia. Admitting to multiple breaches of the ICC Anti-Corruption Code, Akhter received a five-year ban starting February 10, 2025. The case highlights ongoing challenges in maintaining the integrity of cricket.
Romanian President Klaus Iohannis Resigns Under Impeachment Pressure
Romania’s President Klaus Iohannis stepped down amidst growing demands for his impeachment by populist opposition groups. The pressure on Iohannis surged following a top court’s decision to annul a recent presidential election, creating political turmoil. Having served since 2014, Iohannis cited his resignation as a move to prevent a deeper political crisis. The country now gears up for new presidential elections scheduled for May 2025.