tax advantages

In a bold move to tackle corruption, the CBI detained a GST superintendent and an inspector in Giridih, accused of soliciting a bribe of Rs 90,000 from a complainant to fix an input tax credit dilemma. The officials reportedly intimidated the individual, threatening to revoke his GST registration.

Digital Payments Lead the Way

State-run oil companies gear up for production; CSIR scientist says airfares will rise by only Rs 100-200

President Droupadi Murmu will present 66 Padma Awards today, including two Padma Vibhushan and six Padma Bhushan honours, at Rashtrapati Bhawan. This marks the first phase of conferring the nation's highest civilian honours for 2026. A total of 131 Padma Awards have been approved this year, recognizing exceptional service across various fields.

India has moved silver imports to a "restricted" category, requiring government approval, to prevent traders from exploiting a duty gap created by a recent 15% import tax hike. This move aims to curb arbitrage opportunities through the India-UAE free trade agreement, protect foreign exchange reserves, and control precious metal inflows, while exempting export-oriented industries.

AI Photos In Uniform Helped Class X Dropout Build Trust, Exploit Women Emotionally And Financially

Dell Technologies stock reached an all-time high after President Trump publicly endorsed the company, urging Americans to "go out and buy a Dell." This surge followed the Dell family's pledge of $6.25 billion to fund "Trump Accounts," designed to provide seed money for children's investment accounts.

China's blocking of Meta's $2 billion Manus AI acquisition signals a shift, making Singapore a less effective shield for Chinese tech firms seeking Western exits. Regulators intervened despite Manus's Singapore registration, barring founders from leaving the country. This move suggests Beijing's scrutiny now extends beyond incorporation, impacting future international ventures.

Nvidia CEO Jensen Huang has surpassed Michael Dell on Forbes' real-time billionaires list, with Huang's net worth reaching $191.5 billion. This shift occurred as Nvidia's stock surged due to AI demand, while Dell Technologies saw a decline following President Trump's public praise and encouragement to buy Dell products.

Noida International Airport (NIA) faces controversy over high charges for airlines and passengers, negating its lower VAT advantage over Delhi's IGI Airport. IndiGo warns this will make flying from Noida costlier, potentially deterring fliers and impacting the new airport's success. Despite the operator's defense, fares are comparable, offering no cost incentive for passengers.

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The Indian rupee is facing significant pressure, weakening against the US dollar due to soaring crude oil prices driven by Middle East geopolitical tensions and persistent foreign fund outflows. Despite India's robust economic growth, the currency's slide continues as the Reserve Bank of India intervenes to curb volatility rather than target a specific exchange rate.

A declining U.S. dollar, down approximately 10% since Donald Trump's return to the White House, is quietly increasing the cost of everyday life for Americans. This weakening currency shrinks purchasing power, making imported goods and foreign travel more expensive, while benefiting large multinational exporters.