Daily Current Affairs 2025, Date wise Current Affairs | Current Affairs in English and Hindi

Get the Daily and Latest Current Affairs 2025 on our website. These current affairs are Updated by our specialists and are relevant for all competitive tests UPSC, SSC, IAS, Railway-RRB, UPPSC, and Other State Government and Central Jobs/Exams.


Average processing time for ITR reduced from 93 to 16 days

Category : Business and economics
Published on: February 03 2023 Share on facebook

  • Finance Minister Nirmala Sitharaman during Union Budget 2023-34 presentation said the average processing time for Income Tax Returns (ITRs) will be reduced to 16 days from 93 days. 
  • She claimed 45% of ITRs are processed within 24 hours.
  • The Finance Minister also announced the deployment of about 100 Joint Commissioners for disposals of small appeals in direct tax matters.
  • The Budget also stipulates a plan to strengthen the grievance redressal mechanism for direct taxes.
Recent Post's
  • Railways launches ‘RailOne’ app as all-in-one digital platform for passengers

    Read More....
  • Cabinet approves Employment Linked Incentive (ELI) scheme to boost job creation

    Read More....
  • ₹1 Lakh Cr RDI scheme approved to promote private innovation in key sectors

    Read More....
  • Cabinet approves National Sports Policy 2025 to prepare for global sporting events

    Read More....
  • Air Marshal S Sivakumar assumes charge as Air Officer-in-Charge Administration

    Read More....
  • Ladakh hosts first Astro Tourism Festival to boost science-based tourism

    Read More....
  • QUAD nations launch joint maritime observer mission under Wilmington Declaration

    Read More....
  • G7 nations back ‘side-by-side’ global tax model for U.S. and UK companies

    Read More....
  • Hero Motors files for ₹12 billion IPO to expand and reduce debt

    Read More....
  • Kesavan Ramachandran appointed as Executive Director at RBI

    Read More....