Malnad Gulf Association is now Malnad gulf educational and charitable trust (R)
Press Release- The Malnad Gulf association has been registered as Malnad Gulf Educational and Charitable trust, as part of which it has released the new Logo of the organization.
It is said in a press release that, the Logo was selected based on the values that organization carries and was released after approval from all the members of central committee.
The Mountain- symbolises MGT's high ambitions & Malnads Heritage, Books & Hands- represent education and charity, dates palm trees represents- the Gulf Countries, said the release from the organisation.
The president of the trust Mr Shariff Shamcon Kalasa has said, "MGA has been renamed as MGT. We now have a new logo. For the welfare of our society we have to work together with enthusiasm".
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FM proposes to reduce TCS rates for education, medical purposes
New Delhi: Presenting the Union Budget 2026, Finance Minister Nirmala Sitharaman on Sunday announced relief measures aimed at easing the financial burden on families and streamlining the tax framework.
She proposed reducing the Tax Collected at Source (TCS) on foreign remittances for education and medical purposes from 5 per cent to 2 per cent, a move expected to benefit students studying abroad and those seeking overseas medical treatment.
The finance minister also announced that the new Income Tax Act will come into effect from April 1, 2026, marking a major overhaul of the country’s direct tax system.
